Financial Stocks and Futures Point to a Higher Open and Potential Resistance Breakout...

BMO – ES +7.25 and NQ +16.75 futures are higher about 20 minutes before the open in pre-market trading and point to a higher open… volume is moderate for pre-market and MANY more stocks are quoting up than down in pre-market trading…Financial stocks XLF up 9 cents in pre-market…ICE, WFC, BAC, JPM, GS, MS are higher…

Semiconductor stocks are also higher…

TLT is down 19 cents and the Euro is above the 1.4036 support area and up 74 pips in premarket trading…

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

Dave’s Insight for Wednesday:  Continue to follow your rules…Stay with the trend… The short term trend is still up…with financial stocks higher and earnings season ready to start on Monday the SPX may touch its yearly high from February today and has the potential to break out if financial stocks stay up and continue to move higher throughout the day…

As always stay prepared for either a potential pullback or breakout…

SPX

Resistance: 1,330, 1,344

Support: 1,321, 1,311, 1,300

Quoting Down – FAZ, HAS, GES, NDAQ, FISV, CTRP, CEPH, FAS, LLTC

Quoting Up – ISRG, NFLX, PCLN, AAPL, WYNN, GOOG, BIDU, BRCM, ICE, SINA, CMG, SOHU, WLT, CLF, FCX, CRM, HLF, MCP, CAT, GS, SLW, AGU, ANF, DHR, DE, UCO, RVBD, CF, FAS, SNDK, CDE, X, VMW, ARUN, DECK, CAM, LVS, PCX, MOS, DOW, SMH, AKS, POT, CRUS, URBN, FSLR, EXPD, COST, MICC, RIMM, AMZN, AMGN, QCOM, FFIV, SRCL, INTU, CTXS, BMC, SPLS, ORLY, KLAC, NTAP