Futures Point to a Lower Open...FFIV Down 29 in Pre-market..;

BMO – ES -2.75 and NQ -3.75 futures are lower 75 minutes before the open in pre-market trading and point to a slightly lower open …


TLT is flat and the Euro is up 20 pips in premarket trading and breaking out of horizontal resistance which could lead to higher commodity prices…


FFIV is down -29.02 in pre-market, also dragging down tech stocks CRM, VMW, RVBD…EBAY after positive earnings...


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


Dave’s Insight for Thursday: Bullish are bearish are opinions. Up and down are directions. Think in terms of direction. Those who direct your thoughts to bullish and bearish are likely emotionally driven opioninators. Focus on direction.


If you had been moving your stops on short term trades you were likely stopped out during the past two days. Now you look for re-entry. Up or down, look for re-entry.


SPX
Resistance: 1,281, 1300
Support: 1,256, 1,241, 1,220


Quoting Down – CRM, VMW, RVBD, CMG, MA, SINA, FDX, ARUN, DE, FCX, AGU, CLF, GS, DECK, NETL, CHL, MCP, FWLT, HUM, V, HANS, UNP, WHR, A, WLT, SWK, LVS, FAS, CSTR, ACN, PCLN, ISRG, CTXS, NTAP, AKAM, NFLX, AAPL, AMZN, CTSH, BIDU, ALTR, ADBE, GOOG, ORLY, BRCM, STX, XLNX, JOYG


Quoting Up – EBAY, SHLD, MYL, IPI, DLR, CAM