Futures Point to Higher Open...

Dave will be teaching an AT Workshop to more than 250 traders in San Francisco again today. See you there…



BMO – ES +5.00 and NQ +15.00 futures are higher about 20 minutes before the open in pre-market trading and point to a higher open… volume is light for pre-market and more stocks are quoting up than down in pre-market trading…Financial stocks, XLF is up 3 cents in pre-market…

ILMN is up and BRCM is down after earnings…

Key Earnings this week:
Tuesday – AKS, AMZN, BRCM, ILMN, X, F
Wednesday – CTXS, AKAM, EBAY, SBUX, FISV, QGEN, ORLY, BA
Thursday – POT, CSTR, CERN, EXPE, FSLR, KLAC, MSFT, NIHD, VRSN, CROX

TLT is down 41 cents and the Euro is up 21 pips in premarket trading…

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

Dave’s Insight for Wednesday: Continue to follow your rules…Stay with the trend… Remember horizontal breakouts often pull back to their and test their breakout…Earnings will continue to influence trading this week…Continue to watch XLF for support of the SPX breakout of horizontal resistance…Buy where your supposed to buy and sell where you are supposed to sell…

SPX
Resistance: 1,344, 1,352, 1,367

Support: 1,330, 1,321, 1,311


Quoting Down – ISRG, BRCM, PCLN, ATI, SWK, LDK, WDC, X, FCX, TLT, SINA, IL, CHL, AGU, CAM, LIFE, SHLD, APOL, GRMN, ESRX, BIIB

Quoting Up – GOOG, MICC, ILMN, FSLR, AAPL, SOHU, HLF, GLW, MCP, CAT, HUM, UCO, UNP, CIEN, DE, VMW, CLF, SLB, SWL, RVBD, ARUN, ZION, GS, DHR, CDE, NDAQ, LVO, URE, TBT, MOS, MOS, JEC, BIDU, COST, NFLX, ALTR, BBBY, INTU, NIHD, CTRP, AKAM, ADBE