Futures Pointing to a Higher Open...

1:15 pm ET - Profit taking is driving prices back for a test of the breakout...we'll see if it holds...SPX at 1,026... 11:50 am ET - The SPX is pulling back slightly near mid-day after hitting 1,035.82...now at 1,032.80...FUQI, BAC, FCX, CAT, BDK, JOYG, X and PCP enjoying a very positive morning so far... 10:15 am ET - The SPX is holding its breakout of 1,025 for the first 45 minutes of trading, reaching 1,034...just 10 points away from October resistance ...still very early in the day of course...if you held your longs over the weekend you're probably making money this morning...Financials XLB are leading this morning with Energy XLE and Materials XLB following...all nine sectors are actually higher at this moment...the BAC, ZION and BDK positions continue to do well this morning...CAT and FCX are breaking out...JOYG and CAM continuing to rise after breaking out...X, JEC and FLR are continuing with their flag support bounces... BMO – ES +4 and NQ +4 futures are higher in pre-market pointing to a higher open. GOOG +3, AAPL +1 and BIDU +2 are also higher in pre-market trading. Financials XLF and Healthcare XLV seem to be the early leaders in pre-market trading. With futures are pushing above the 1,025 price target we’ll get to see if this is a breakout with a move to the 1,044 October resistance level or if this just a little push before a pull back below 1,025. The fact that financials are strong and leading Nasdaq stocks are up at least gives this early push a fighting chance. It's should make for another exciting trading day either way. Look at these Charts… (click image to enlarge) At the Open on Monday SPY – QQQQ – JOYG – FCX - DOW – PCLN – FAS - ZION - AGU - DD - AMZN - AKAM - AMX - BIDU - FWLT - CAT - GOOG – ADBE – AAPL – X – FUQI – PWRD – BDK – BAC – BRCM – VPRT – CAM – MHS – NFLX – DE – TGT –