Futures Point to Lower Open...

Dave is traveling today and will miss the Weekly Wrap...



9:45 am EDT - LULU +5.75 beats estimates gaps up...

BMO – ES -5.75 and NQ -7.75 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open on Friday… volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is quoting down 9 cents on 76,400 volume in pre-market…

Pre-market trading has very few stocks following through on Thursday’s bounce…

Support Bounce Setups for Friday: ATW, RVBD, AN, ANF, GES, NVDK, ENTR, FWLT, ARUN

Bull Flag Setups for Friday: TIF, VECO, GMCR, KKD, CMG, IFNA, CRM, MA GES, CHL, HLF, CROX, WTW, NFLX, MRVL

TLT is up 48 cents and the Euro is down 64 pips in premarket trading …

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

Dave’s Insight for Friday: The SPX closed at its 1,288 resistance level and is pulling back in pre-market trading…NDX leaders are weak again this morning…early trading looks like a lack of follow through on Thursday’s bounce …Continue to follow your rules…Watch XLF as a key factor whether the bounce continues or a reversal occurs…Manage your trades based on the price action you see on the chart you are trading…

SPX
Resistance: 1,288, 1,300, 1,310
Support: 1,278, 1,267, 1,257

Quoting Down – UCO, DECK, WLT, CDE, SLW, FCX, AGU, CAT, VMW, SLB, ANR, STI, DE, GS, FAS, TBT, GES, ANF, CROX, V, ARUN, CREE, ATW, INFA, MHS, POT, GOOG, AAPL, NFLX, AMZN, URBN, BIDU, QCOM, CTXS, JOYG

Quoting Up – TIF, ESI, FAZ, JNPR, TLT, SINA, ATI, CMCSA, ISRG, VRTX, WFM, COST