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Friday 22 November 2013

Trading signals to watch

Stock Futures are flat but trying to go higher, targeting 1800
S&P Futures support @ 1792, 1792.65, possible temporary resistance @ 1796 (weak), stronger resistance @ 1800, (S&P 500) @ 1802
Look to buy @ supports if it stays above & go higher, sell @ resistances if it stays below & drops further, all for 30 minutes expiration
Not much economic news to guide stocks today, so the market might be mixed

Apple was awarded $290 million in a retrial against Samsung
Apple's possible support @ 520 although it might already be too high as it jumped from 514 to 521 yesterday
It's also slightly dropping from 521.14 to 521.00 (8am EST)  during pre-market, so we would be cautious & wait for more confirmation as traders might take profit & sell the news
End of day/week will also increase chances of profit taking
Look to buy Apple @ 520 if support is strengthened, staying above it & go higher, for 30 minutes expiration

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