Morning Update- ES,NQ,YM,CEPH,GPRO & ANTP

The S&P 500 Futures (ES)
The ES chart is bullish. ES has broken out of the down trend line and above the 80% retracement level at 129195. I would not be surprised to see a pull back here to the 127837 area, and then power up higher. The MACD is showing bullish divergence.

Nasdaq Futures (NQ)- NQ Daily chart
This chart is not as bullish as YM. Nasdaq Futures have failed on the first attempt to cross the down trend line are at 169273. Technology is just a tad weaker than the SPX and the INDU. However, the MACD is showing bullish divergence.

Dow Jones Industrial Average Futures - YM Daily chart
The YM chart illustrates that it has broken out of the continuation diamond pattern and is now bull flagging. Remember higher prices are bullish.

Cephalon, Inc. (CEPH) -Daily chart
On the daily chart, you can see that CEPH is forming an ascending triangle. It has recently pulled back to fill the gap, but it remains above the uptrend line. Price is in the buy zone now. Furthermore, on the monthly chart, CEPH is in a large Slim Jim pattern. New all time highs will be above $83.00 where there is no overhead resistance and price target is around $100.00.

Gen-Probe, Inc. (GPRO)
GPRO on the daily chart shows that it is still below the down trend line. Today it is forming a bull flag. I do have a lofty price target on GPRO around $65.00. It is also a stock scan pick.

Phazar Corp. (ANTP)- - Daily Chart
The daily chart of ANTP illustrates that it is in a falling wedge reversal. As you can see from the chart, ANTP has broken out of the wedge to the upside. The MACD is showing bullish divergence.

 

 

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SP500 FUTURES (CURRENT AT 12:30AM ET)

NASDAQ FUTURES (CURRENT AT 12:30AM ET)

DOW FUTURES (CURRENT AT 12:30AM ET)

CEPH DAILY

CEPH MONTHLY

GPRO

ANTP WEEKLY