Futures Point to a Flat Open...

BMO – ES +2.00 and NQ +3.25 futures are near slightly higher in pre-market trading pointing to a flat open. AAPL +0.96, AMZN +1.47, GOOG +0.48 and BIDU +2.62 are higher in pre-market trading. Wednesday’s Earnings to Watch: ABT, ATI, AMLN, BYI, FLEX, F, GD, GMCR, IVZ, LRCX, NFLX, QCOM, SWK, SYMC, UAUA, UTX VAR Earnings out this morning: UAUA +71 cents on 10,100 shares. CAT is -1.90 on 333,000 shares. The Euro is down 2 pips in overnight trading. Oil is up 25 cents in electronic trading. XLE is up 14 cents in pre-market trading. SPY is up 4 cents in pre-market trading. XLF is up 9 cents in pre-market trading. Continue to watch XLF as a key to a support bounce rally in the SPX as it is doing this morning. Follow your rules in any trading actions today. Be logical. Watch Monday’s support low for a potential break of support. If support holds what for a potential follow through of Monday’s inside day and confirmation of the bullish harami. The bullish harami did NOT confirm on Tuesday. The SPX did form an inverted hammer on Tuesday. We will be looking for potential confirmation of both Monday’s bullish harami and Tuesday’s inverted hammer. If support breaks look for price to fall to the next support level. SPX Support = 1,087, 1,175 Resistance = 1,103, 1,115 Trading Down: X, Trading Up: POT, AAPL, AMZN, XLF Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – FAS – SHLD – CREE – STX – STT – NTRS – BAC – INFY – ZION – X – AAPL – AKAM – AMZN – NVDA – RIMM – SNDK – BUCY – DECK – FWLT – ISRG – PCLN – UAUA – ACN – AGU – AMD – CAT – DE – DOW – DHR – MA – PCP – POT – UNP – WHR –