Futures Pointing to a Higher Open...

BMO – ES +7 and NQ +9 futures are higher in pre-market trading pointing to a higher open. The current pattern on the daily chart for the indices and futures is essentially a pennant or horizontal bull flag. This morning in overnight trading the futures are pushing to a new high. If the futures hold their gains and the cash market opens higher this could be a pattern break out that leads the market closer to the next horizontal resistance of 1,000 to 1,007 on the SPX. Earnings of Interest Watch these stocks that reported earnings on Wednesday: after hours change AKAM -11.27% CERN -4.04% ESRX +1.81% DAVE +2.34% FISV -3.85% GMR -6.04% Thursday: BDX, DLB, GPRO, MET, VPRT, DIS, WYNN At the Open on Thursday SPY – QQQQ – BIDU – FUQI – GMCR – SHLD – BDK – FAS – FAZ – JOYG – STT – X – ADBE – AAPL – PCLN – GES – NFLX – PWRD – ALGT – JOSB – PRU – ARO – ISRG – FSLR – EBAY –