Futures Point to a Higher Open...

Dave is in Boston teaching a 60+ traders for two day on Advanced Technical Analysis...

BMO – ES +6.75 and NQ +9.50 futures are lower in pre-market trading pointing to a lower open. In pre-market trading AAPL is +2.16, GOOG +0.44, BIDU +0.58, NFLX -0.58.  Tuesday's intraday chart revels that almost all of the drop to 1,041 support occured during the first hour.  The last five and half hours buyers were taking from sellers at support.  If support breaks on Wednesday trade to the downside according to your rules.  If support holds wait for a bounce and entry signal according to your rules.

Bonds are lower and TLT is down 16 cents in pre-market trading.

The Euro is up 90 pips in overnight trading and moving above its 30 DMA.  Look for energy stocks to lead the market early.

SPY is up 53 cents and XLF is higher in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

Short term resistance is at 1,056 the R1 of Tuesday's large black candle. Short term support is at 1,041with the next horizontal support at 1,030.

Follow your rules for potential enter and exits and trade the charts you are trading following the principles of trend, support and resistance and momentum.

Trading Down: FAZ, NFLX

Trading Up: UCO, AAPL, BIDU, GOOG, FAS, BAC

At the Open on Wednesday
SPY –
QQQQ -
FAS -
TLT – support bounce

AAPL – flag
CRUS – flag
BRCM - flag
BIDU –
AKAM – flag
SNDK – flag
NTAP - flag
ILMN – flag
NFLX – flag
FFIV – flag
DECK - flag
CMG – flag
VMW – flag
ALK – flag
UAUA - flag
CAL – flag
SKX – flag
AZO – flag
LVS –flag
HSY – flag
DLR - flag
CRM – flag
TIE – flag
UNG – flag
UCO - flag
AAP – flag
SWN – flag
ICE – flag
BA – flag
CAT – flag

ORLY –
CSTR -
NETL –
NYX –
GMCR –
VECO –
CREE –

AKS
X –
PCLN –
CLF –
DOW –
BBY –
GOOG
MA -
V –
PCP –
UNP –
FCX