Futures Point to a Slightly Lower Open...

BMO – ES -3.50 and NQ -5.75 futures are lower in pre-market trading pointing to a lower open. AAPL -0.71, AMZN +0.00, GOOG -1.30 and BIDU -3.15 are mostly lower in pre-market trading.

The SP futures are slightly lower over night watch for a potential break of Monday’s low. Stay with the short term trend as long as it continues. Monday is the new high day.  Short term traders may see an exit on some charts today if the market pulls back into a bull flag pattern.

The Euro is down 38 pips in overnight trading. Oil is quoting down 1.60 in electronic trading. XLE is up 10 cents in pre-market trading.

SPY is down 33 cents in pre-market trading. XLF is down 6 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

Follow your rules in any trading actions today. Be logical.

SPX
Support = 1,100…1,087
Resistance = 1,106 - 1,117

Trading Down: MELI, WLT, FAS, MHS, POT, WHR, X, FCX, USD, NFLX, TSL, SNDK, CREE, WMT, MON, CAT, WFC
Trading Up: AMED, MCD, JEC, FAZ

Look at these Charts…
(click image to enlarge)

 

At the Open on Tuesday

SPY –

QQQQ –

FAS –

CF –

UAUA –
DOW –
X –
CREE –
ALGT –
ALTR –
NFLX –
RIMM –
BA –
STX –
DE –
WHR –
AMLN –
ZION –
STT –
GMCR –
IPI –
SHLD –
BUCY –
DHR –
V –
NVDA –
AMD –
PCLN –
DECK –
CAT –
PCP –
UNP –
POT –
AGU –
ACN –