Futures Pointing to a Slightly Lower Open...

Dave will sub in VC Options this morning from 11 am to 1 pm ET BMO – ES -3.00 and NQ -4.75 futures are lower in pre-market trading pointing to a lower open. AAPL -0.55, AMZN -0.17, GOOG -3.56 and BIDU -3.41 are lower in pre-market trading. The Euro is down 60 pips in overnight trading and oil is quoting down 97 cents in electronic trading. XLE is down 37 cents in pre-market trading. The SPX did break the 1,101.36 level it set on October 21 on Tuesday and then closed at 1,098.51 a new high close. Pre-market trading suggests a potential pause day at least in early trading. The SPX short term trend is up and continuing its support bounce. Continue to watch for a resistance breakout today while being prepared for sellers to appear. Continue to watch the S1 level at 1,082 as key short term support today. SPX Support = 1,082…1,075 Resistance = 1,100…1,025 to1,133 Trading Down: BIDU, GOOG, FSLR, RIMM Trading Up: At the Open on Thursday SPY – QQQQ – XLE – ATW – AAPL – AMZN – PCLN – BUCY – JOYG – SNDK – CREE – ADSK – DECK – NFLX – ISRG – AKAM – ORLY – SYMC – V – NKE – FCX – CAT – POT – SWK – BDK – WLT – WHR – ACN – FAS – PNC – CSX – UNP –