Futures Pointing to a Slightly Lower Open...

10:03 am ET - after an early selloff that took the SPX to 1,057, buying has rallied the index to 1,060...a few stocks are up this morning including: LVS, WYNN, FSLR, SOHU, BIDU, PCLN, QCOM... BMO – ES -4.00 and NQ -1.50 futures are lower in pre-market trading pointing to a lower open. AAPL -0.65, AMZN -0.90, GOOG -1.07 and BIDU -1.42 are lowerin pre-market trading. The Euro is down 33 pips in overnight trading and oil is quoting down 79 cents in electronic trading. XLE is quoted down 23 cents in pre-market trading. The short term trend is neutral in a bull flag pattern. Watch for Momentum to stay above: SPX 1,056 INDU 9,822 COMPQ 2,081 RUT 576 SPX Support = 1,061…1,056…1,044 Resistance = 1,075 Trading Down: AAPL, AMZN, BIDU Trading Up: PCLN, FSLR, FCX Look at these Charts… (click image to enlarge) At the Open on Friday SPY – QQQQ – XLE – ATW – V – AAPL – AMZN – BUCY – SNDK – CREE – DECK – NFLX – NKE – FCX – JOYG – CAT – POT – ADSK – ADBE – BDK – DOW – WLT – WHR – ACN – FLIR – HANS – AMX – NWSA – ISRG – GS – FAS – PNC – AKAM – ORLY – SYMC – CAM – PCLN –