Futures Pointing to a Slightly Lower Opening...

BMO – ES -2.25 and NQ -3.50 futures are lower in pre-market trading pointing to a slightly lower open. The Euro is up 18 pips in overnight trading and oil is quoting up 10 cents in electronic trading. Friday was anything but dull thanks to the news from Dubai. For the first time the volume in the SPY was greater on the Friday after than the Wednesday before Thanksgiving. Friday volume was 125.8 million compared with 109.5 million on Wednesday. Trader reaction to Thanksgiving Day weekend will likely be a key factor today. Keep your eye on key retailing stocks and $RLX and XRT. Buyers stepped in at the 1,082 level on the SPX on Friday. 1,082 to 1,087 is the key short term support level to be watch. Follow your rules in any trading actions today and continue to be logical. SPX Support = 1,087…1,082…1,075 Resistance = 1,100…1,113 Trading Down: Trading Up: Look at these Charts… (click image to enlarge) At the Open on Monday SPY – QQQQ – XLE – FAS – AMLN – ILMN – CREE – DE – STLD – FLIR – FCX – PCP – EXPE – X – NIHD – CSX – UNP – WLT – POT – STX – AAPL – AMZN – PCLN – BUCY – JOYG – DECK – NFLX – ISRG – AKAM – V – NKE – CAT – SWK – ACN – PNC – DD – DIS – UTX –