Futures Pointing to a Slightly Higher Open on Options Expiration Friday...

2:00 pm ET - The SPX is inching its way higher reaching 1,071 after a flat opening...AAPL, GOOG and INDU are trading above average volume while other stocks like BIDU, FSLR and SPY are trading below average volume... BMO – ES +3 and NQ +5.25 futures are higher in pre-market trading pointing to higher open. GOOG +3.29, AAPL +1.05 and BIDU +2.75 are higher in pre-market trading. The SP futures are trading above Thursday’s close and below Thursday’s high, so continue to view the 1,075 area touched yesterday as a key resistance area on the cash SPX Wednesday’s large white candle S1 level is 1,061 which is now the short term support level. Keep trading the trend of the chart you have positions in, while looking for any move below Thursday’s low. Our recap of the gains realized on our real time virtual trades on ZION, FLS, GRMN, MA, PCLN, WHR and XLF that we closed on Wednesday will be postied today. Look at these Charts… (click image to enlarge) At the Open on Friday SPY – QQQQ – AAPL – BIDU – FSLR – GOOG – BDK – CAT – DOW – FLS – FWLT – WHR – X – JOYG – PCP – AXP – BAC – FAS – STT – ZION – WLT – FUQI – PWRD – FCX – CAM – ARO – GES – SPG – FLIR – JCI – FAST – JCG – UAUA –