Futures Pointing to a Higher Open...

2:55 pm ET - the intermediate term trend moves higher with a large white candle breakout on the SPX, , the RUT and SOX get back in step to the upside suggesting the recent consolidation finished until the next level of resistance...this breakout is being led by Energy XLE, Materials XLB, Industrials XLI and Financials XLF...AMZN, BIDU, GOOG, PCLN...over 90 NDX stocks are higher on the day...JOYG, FWLT, AKAM, FCX, CAT, WLT, NKE DE, SHLD all continue to move higher...stay tuned for our end of day post... 1:14 pm ET - the SPX is at 1,111.11 a bunch of aces... 10:51 am ET - the SPX has broke out and is currently at 1,110.16, the VIX 22.91 -0.45 confirming the move up at this time...FCX +2.74%, JOYG +2.57%, CAT +2.08%, WLT +2.75%, NKE +1.37%, DE +3.87%, SHLD +3.82%, FWLT +3.22%... 9:44 am ET - SPX 1,106.37 breaking out to new high.... BMO – ES +8 and NQ +8.50 futures are higher in pre-market trading pointing to a higher open. AAPL +1.25, AMZN -0.36, GOOG +2.95 and BIDU +4.94 are mostly higher in pre-market trading. The Euro is up 45 pips in overnight trading and oil is quoting up 85 cents in electronic trading. XLE is up 63 cents in pre-market trading. The SPX bounced off it horizontal channel support at 1,085 on Friday and likely will open near the channel resistance. Financials look to open on the upside. We will watch for a breakout of the channel this morning while at the same time stay prepared a bounce down to stay inside the horizontal channel. Be prepared to protect any long positions that could break support. SPX Support = 1,082…1,075 Resistance = 1,105…1,025 to1,133 Trading Down: Trading Up: PCLN, BUCY, JOYG, CAT, FCX, WLT, AKAM, CREE Look at these Charts… (click image to enlarge) At the Open on Monday SPY – QQQQ – XLE – ATW – STX – AAPL – AMZN – PCLN – BUCY – JOYG – SNDK – CREE – ADSK – DECK – NFLX – ISRG – AKAM – ORLY – SYMC – V – NKE – FCX – CAT – POT – SWK – BDK – WLT – ACN – FAS – PNC – CSX – UNP –