Futures Point to a Higher Open...

BMO – ES +5.75 and NQ +7.75 futures are higher about 60 minutes before the open in pre-market trading and point to a higher open …

TLT is down 43 cents and the Euro is up 124 pips in premarket trading and is above horizontal resistance…

NDX leaders AAPL, AMZN, BIDU and GOOG are higher in pre-market trading…NFLX and PCLN are lower in pre-market…

Dave’s Insight for Monday: Continue to follow your rules. Look for a potential support bounce after Friday’s large selloff. Look for resistance near Friday’s S1 level. Do a month end review of your results compared with your 2011 goal after the close today.

Continue to follow key earnings releases and the opportunities they create.

SPX
Resistance: 1,281, 1300
Support: 1,271, 1,256, 1,241

Quoting Down – CMG, SWK, VMW, TLT, NFLX, PCLN, TEVA, KLAC, GRMN, CTSH

Quoting Up – SOHU, WLT, PI, MA, CLF, POT, SINA, MOS, FCX, AGU, PCX, JEC, FDX, X, HUM, MCP, GS, CF, HANS, SWKS, CAT, SNDK, CRUS, JNPR, LXK, ATI, CRM, MCD, AIV, STI, FAS, GOOG, AAPL, GENZ, BIDU, MICC, CEPH, DTV, BRCM, SNDK, EXPD, QCOM, VOD, CELG, XLNX, ORCL

Dave is teaching an Advanced Options workshop today...