Futures Point to a Lower Open...

BMO – ES -7.75 and NQ -8 futures are slightly higher in pre-market trading pointing to a slightly higher open. AAPL -1.49, AMZN -0.84, GOOG -2.08 and BIDU -3.45 are higher in pre-market trading The Euro is down 120 pips in overnight trading and the dollar is stronger as stock futures are lower. Oil is down 53 cents in electronic trading and XLE is down 55 cents in pre-market trading. The short term trend is pulling back in a bull flag pattern. Watch to see if Momentum moves above SPX 1,044 for bounce confirmation. If the SPX does not get and stay above 1,044 look for it to move to 1,025 for a potential bounce at that area. SPX Support = 1,025 Resistance = 1,044…1,056…1,061 Trading Down: FSLR, FAS, POT, FCX Trading Up: MA, BDK, SWK, FAZ Watch earnings reaction this morning on: AMT, ADM, CTSH, EXPD, ICE, MRO, MA, MHS Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – XLE – ATW – V – AAPL – AMZN – BUCY – SNDK – CREE – DECK – NFLX – NKE – FCX – JOYG – CAT – POT – ADSK – BDK – WLT – WHR – ACN – HANS – ISRG – FAS – PNC – AKAM – ORLY – SYMC – PCLN –