Futures Point to a Lower Open...

BMO – ES -6 and NQ -11 futures are lower in pre-market pointing to a lower open. Many individual stocks are trading lower or near even this morning…this sell off just started during the last 45 minutes...FOMC meeting starts today with announcement on Wednesday...higher than expected labor costs fell 5.8% and productivity increased 6.4%...it looks like traders may want to let the open shake this morning to see if this is just a slightly lower open or the beginning of a pull back…watch the short term support level at 1,000, Monday’s low and the 996 area… Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – ADBE – AAPL – EBAY – FUQI – PWRD – BIDU – GMCR – BDK – FAS – BAC – ZION – STT – SPG – URE – JOYG – X – GES – NFLX – FSLR – FLS – FWLT – LAMR – AFAM – SNDA – HANS –