Futures Pointing to a Flat to Slightly Higher Open...

12:15 pm ET - the SPX has turned from positive to negative from an intra-day reversal that started around 11:15 am ET at SPX 1,090 with the sell off taking the SPX down to 1,067...the drop is being attributed to a rise in the dollar as the Euro dropped 130 pips from 1.501 to 1.488... BMO – ES +0.25 and NQ +0.25 futures are slightly higher in pre-market trading pointing to a flat to slightly higher open. AAPL +0.12, AMZN +1.51, GOOG +2.05 and BIDU +2.74 are higher in pre-market trading The Euro is up slightly in overnight trading and oil is up 37 cents in electronic trading. XLE is up 22 cents in pre-market trading. The key support level is 1,075, if broken look for the SPX to move towards 1,061. If the 1,075 holds look for the index to trade between support and 1,100 resistance. SPX Support = 1,075…1,061 Resistance = 1,100…1,133 Trading Down: Trading Up: AMZN, PCLN, MRVL, CAT, FCX, DOW, WLT Look at these Charts… (click image to enlarge) At the Open on Monday SPY – QQQQ – XLE – POT – AAPL – AMZN – PCLN – MRVL – HANS – WYNN – FSLR – GOOG – BIDU – FAS – ZION – ADSK – ADBE – MA – ISRG – NKE – BDK – CAT – DOW – WLT – PCP – PWRD – FUQI – WHR – JOYG – BUCY – CAM – FCX – FLIR –