Futures Pointing to a Higher Open...

Mid-day - New enhancements coming to Chart Signals over the next several days... DJIA + 102.64, +1.12% SP500 + 13.61, +1.38% NASDAQ Comp. + 24.47, +1.24% Exchange NYSE NASD Advancing 2,235 1,771 Declining 464 895 Oil $71.65 +$2.20 Gold SOX 306.68 +4.94 VIX 26.03 +0.11 The VIX moved up and is NOT confirming the move up in the SPX on Monday. Strongest Sectors: XLB +3.26%...XLE +3.02%...XLF +2.15% Weakest Sectors: XLP +0.29%...XLV +0.39%...XLU +0.69% All nine sectors are moving higher on Monday. Materials, Energy, Financials, Industrials and Consumer Discretionary are stronger than the SPX +1.39%. Financial stocks stronger than XLF +2.15%: KEY, ZION, WFC, MET, BAC, PNC, TRV, PRU, JPM, BK, STT, MS, AFL and ETFs UYG and FAS. Tech stocks stronger than XLK +1.16%: EBAY, MA, CSCO, EMC, GOOG, ADP, QCOM, IBM, AAPL, SYMC, DELL and AMT. Sector Watch Up Trending: XLK Horizontal Breakout: XLB, XLY Sideways: XLE, XLV, XLF, XLP, XLI, XLU Down Trending: 1:25 pm ET - Materials XLB, Energy XLE, Financials XLF and Industrials XLI continue to lead the market...the SPX is within a point of its daily high of 1,001.78...read BMO post in regards to resistance at 1,000 to 1,007 and subsequent targets...if the markets holds past 2 pm ET watch for another late day push to the 1,007 area... 11:30 am ET - Materials XLB, Energy XLE and Financials XLF continue to lead the market this morning. BAC, 15.52, (see chart below) is experiencing an Ascending Triangle Breakout this morning with a price target of 19.50 in a 5 week to 3 month time frame. I've also highlighted the two B Entry signals at 13.50 and 14.50. I mentioned the B Entry signal I entered on BAC, using the SEP 15 Call at 66 cents, in Thursday's workshop in the Friday post...the SEP 15 call is now 1.27 or a gain of 61 cents or 92% in two trading days...it certainly makes a difference when you act on great Chart Signals with a solid target...more on this later... Look at this Chart... (click image to enlarge) 9:31 am ET - AAPL is breaking above Friday's high of 165.00...we'll see if this breakout holds in early trading this morning... BMO – ES +9 and NQ +16 futures are higher in pre-market trading pointing to a higher open. SPX Thursday's high resistance is at 996 and horizontal resistance at 1,007. NDX Thursday's high resistance is at 1,632 with the next horizontal resistance at 1,645. AAPL, GOOG, BIDU and QCOM are all higher in pre-market trading. Materials XLB, Financials XLF, Energy XLE and Industrials XLI are the leading sectors in pre-market trading. These were the leading sectors on Friday so this appears to be a continuation move this morning. Pre-market gains this morning are more than these sectors gains on Friday...so it should make for a very interesting trading day... We'll keep you posted on the BAC resistance breakout trade we mentioned in Friday's post from the AT Workshop in Chicago last Thursday... Look at these Charts… (click image to enlarge) At the Open on Monday SPY – QQQQ – BIDU – ADBE – AAPL – PCLN – NFLX – EBAY – FUQI – PWRD – GMCR – BDK – FAS – FAZ – BAC – ZION – STT – JOYG – X – GES – ISRG – FSLR –