Trading is Light as Futures Point to a Flat Open...AAPL, SINA Up...

BMO – ES -1.25 and NQ -2.00 futures are flat 20 minutes before the open in pre-market trading and point to a flat open… volume is light for pre-market with many more stocks quoting up than down…

XLF is down 1 cent on 27,600 shares in pre-market at this time…

FAS is down 1 cent …

TLT is up 36 cents…

the Euro is up 8 pips overnight trading …

NDX leaders AAPL, BIDU and GOOG, are higher…AMZN, NFLX, PCLN and QCOM are lower.

Dave’s Insight for Monday:  flat Euro…higher bonds… Financials flat…setting up a flat open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…Many stocks are near horizontal resistance and in a Horizontal Breakout Setup this morning…

The short term trend is up after Thursday support bounce continuation and prices are close to Target 1, the old high resistance in this bull flag…Follow your rules…

The intermediate term trend is still up…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

Resistance: 1,370, 1,375, 1,388

Support: 1,361, 1,353, 1,347

Quoting Down – UCO, NKE, SLB, SNDK, SWK, MCP, DHR, CRM, DOW, GS, UAL, A, INFY, NFLX, PCLN, GOLD, ORCL, AMZN, TEVA

Quoting Up – SINA, AAPL, SOHU, CHL, HUM, NTES, TLT, CRUS, HLF, LVS, DLR, GOOG, BIDU, ROST, NUAN, WYNN, FSLR, MNST