Futures Pointing to a Higher Open...

3:00 pm ET - The SPX at 1,099...AAPL -0.57 waiting for earnings after the close...all sectors higher led by XLU, XLB and XLE...VIX -0.39... 1:38 pm ET - The SPX hits 1,100.02...AAPL +0.98 gaining in front of earnings release...XLE +0.87 gains now second leading sector... 12:00 pm ET - The SPX has moved to a new high at 1,099.11...so today becomes the new high day...AAPL which was down earlier has recovered to +0.24...JOYG +2.36...AGU +3.27...FCX+2.65...FUQI +1.90...all sectors are positive and VIX is -0.32... 11:15 am ET - The SPX is above Friday's high at 1,095.49 +7.81...so we are seeing net sideways over the past three days narrow range waiting for AAPL this afternoon...in Friday's post I mentioned that the SPX was up 30 points net over the past seven trading days since AA reported...this morning's action is indicating that the market has absorbed the negative reaction to IBM, GS, BAC and C earnings last week...all four stock are trading higher this morning...so the market is ready for the new earnings and will react to those as they appear... 10:30 am ET - After an initial move and pull back the SPX is moving higher this morning, now at 1,093, +5.64...all sectors are higher at this time being led by XLB, XLI and XLF...financials are recovering from an early modest pull back...insurance stocks are leading the way in the financial sector...BAC is +0.18 and JPM +0.07...our Monday chart stocks JOYG, AGU, FUQI and FCX are making big moves stronger that the market... BMO – ES +5 and NQ +8.25 futures are lhigher in pre-market trading pointing to a higher open. AAPL -0.06, GOOG +3.65 and BIDU -0.99 are mixed in pre-market trading. IBM +0.12, BAC +0.04 and GE +0.07 are up slightly in pre-market trading. The Euro is up overnight as the dollar weakened and oil is down 8 cents in electronic trading. XLE is up 16 cents in pre-market trading. Monday’s Key Earnings: AAPL, DD, BTU, STLD, UAUA, UNH, ZION SPX Support = 1,075…1,061 Resistance = 1,100…1,133 Look at these Charts… (click image to enlarge) At the Open on Monday SPY – QQQQ – XLE – HAL – AGU – POT - AAPL – PCLN – HANS – WYNN – FSLR – BIDU – GOOG – FAS – AXP – ZION – ADBE – AKAM – MA – JCI – ISRG – NKE – BDK – CAT – DOW – WLT – FUQI – FWLT – WHR – JOYG – CAM – FCX – ARO – LVS – AA – USD –