Futures Pointing to Flat Opening...

BMO – ES +1.25 and NQ +3.00 futures are slightly higher in pre-market trading pointing to a flat to slightly higher open. AAPL +0.23, AMZN +0.10, GOOG +1.67 and BIDU -0.31 are mixed in pre-market trading. The Euro is down 8 pips in overnight trading and oil is quoting down 15 cents in electronic trading. XLE is quoted up 8 cents in pre-market trading. If observers are correct and the market is waiting for the Unemployment Report tomorrow, Thursday may be another trading range day above support. The SPX short term trend is neutral in a bull flag pattern. Price is moving sideways along support. Watch for Momentum to stay above SPX 1,044 and move higher for bounce confirmation. The SPX highs of the past three days are 1,052 and 1,061. A move above this range is a support bounce and potential entry signal for short term traders. SPX Support = 1,044…1,025 Resistance = 1,056…1,061 Trading Down: Trading Up: CAT, FCX, PNC, MSFT, CREE, UNP Look at these Charts… (click image to enlarge) At the Open on Thursday SPY – QQQQ – XLE – ATW – V – AAPL – AMZN – BUCY – SNDK – CREE – DECK – NFLX – NKE – FCX – JOYG – CAT – POT – ADSK – SWK – BDK – WLT – WHR – ACN – HANS – ISRG – FAS – PNC – AKAM – ORLY – SYMC – PCLN – CSX – UNP –