Futures Pointing to a Lower Open...

9:46 am ET - SPY, QQQQ, DIA and IWM are also turning positive in early trading...not much of a consolidation...buckle up for a potential move back to the future at 1,100... 9:42 am ET - CAT, DE, BUCY, JOYG, SWK and FUQI are also moving higher... 9:38 am ET - PCLN, AMZN, EBAY, YH00, AAPL, AKAM, INTC, LLTC, ALTR, NKE, ORLY, RIMM, EXPE, FSLR, CRCX, ILMN, NTAP, MRVL are UP in early trading...it looks like internet related and semiconductors are strong in the early going...defensive sectors XLP, XLV and XLU are up a few cents as well as XLY BMO – ES -4.25 and NQ -3.75 futures are lower in pre-market trading pointing to a higher open. AAPL -0.32, AMZN +0.31, GOOG -0.30 and BIDU -1.87 are mixed in pre-market trading. The Euro is down 34 pips in overnight trading and oil is quoting up 30 cents in electronic trading. XLE is down 12 cents in pre-market trading. The day after the SPX rose more than 23 points stocks are mostly slightly lower in pre-market trading. Early market action appears to be consolidating Monday’s gains to see if any profit takers want to let go of stock at these price levels. PCLN which reported positive numbers after the close on Monday is up $19.23 or 11.07% in pre-market trading. The SPX short term trend is up and continuing its support bounce although early Tuesday there is consolidation occurring. Watch the S1 level at 1,082 as key short term support today. SPX Support = 1,075…1,061 Resistance = 1,100…1,133 Trading Down: Trading Up: PCLN, AMZN 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 – SWK – BDK – WLT – WHR – ACN – ISRG – FAS – PNC – AKAM – ORLY – SYMC – PCLN – CSX – UNP –