Futures Point to a Higher Open...

BMO – ES +3.25 and NQ +5.25 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 with more stocks quoting up than down…Financial stocks, XLF is up 4 cents on 105,900 shares in pre-market at this time…

TLT is down 7 cents and the Euro is up 34 pips in overnight trading …


NDX leaders AAPL, AMZN, GOOG, PCLN and NFLX are quoting higher…BIDU is lower…QCOM is unchanged…

Look for a potential entry signal on Wednesday: AAPL, CELG, GMCR, FAST, LINTA, MXIM, VRTX, SBUX, ADSK, MCHP, NVDA, PCLN, CMG, CF, ICE, COH, CRUS

Dave’s Insight for Wednesday: Stocks continuing support bounce… look for those stocks in a bull flag…other stocks are in a counter trend move…as always take entry signals according to your rules…remember to trade for your target and move stops to protect profits according to your rules…Watch XLF, volume and breadth as a key factors in any SPX move up or down…move stops on profitable trades…

SPX
Resistance: 1,160, 1,177, 1,200
Support: 1,146, 1,134, 1,117

Quoting Down – CHL, FAZ, SINA, ICE, HLF, SOHU, CDE, NDAQ, COST, INFY, BIDU, VRTX, FSLR

Quoting Up – AAPL, AMZN, GOOG, NFLX, PCLN, IBM, GMCR, CF, DHR, NKE, DECK, ZAGG, CAT, GS, CMG, ATI, V, ANR, WDC, VMW, CREE, X, LVS, ORLY, SRCL, CTRP, JOYG, LIFE, TEVA, SBUX, EBAY, WYNN, QGEN, PAYX, VOD, ADP, ESRX, INTU, CHRW, LLTC, NTAP, RIMM