Futures Point to a Lower Open...

BMO – ES -8.25 and NQ -12.25 futures are mixed in pre-market trading pointing to a flat to slightly higher open. AAPL -1.90, AMZN -0.79, GOOG -2.91 and BIDU -4.85 are lower in pre-market trading. The Euro is down 100 pips in overnight trading and oil is quoting down 72 cents in electronic trading. XLE is down 14 cents in pre-market trading. Other sectors are mostly lower in pre-market trading on little volume. The SPX rallied from 1,102 on Wednesday to close at 1,109. The dollar is stronger overnight and ES futures are down. The key question for trading on Thursday is will buyers step in at the 1,100 support once the cash market opens? If not, be prepared for a move to the next support level. SPX Support = 1,100…1,082…1,075 Resistance = 1,025 to1,133 Trading Down: JOYG, FCX, CAT, POT, MOS, FSLR Trading Up: Look at these Charts… (click image to enlarge) At the Open on Thursday SPY – QQQQ – XLE – FAS – STLD – FLIR – FCX – PCP – EXPE – X – DE – LRCX – NIHD – CSX – UNP – WLT – POT – STX – AAPL – AMZN – PCLN – BUCY – JOYG – CREE – DECK – NFLX – ISRG – AKAM – SYMC – V – NKE – CAT – SWK – BDK – ACN – PNC –