Futures are Pointing to a Higher Open...

BMO – ES +5.25 and NQ +7.75 futures are higher in pre-market trading pointing to a higher open. AAPL +1.32, AMZN +1.39, GOOG +2.18 and BIDU +1.05 are higher in pre-market trading. The Euro is down 8 pips in overnight trading and seems to have found support int the 1.47 area similar to late October. Oil is quoting up 38 cents in electronic trading. XLE is up 38 cents in pre-market trading. SPY is continuing its support bounce up inside its horizontal trading range. After four and a half weeks of sideways trading we still need to be prepared for a break out in either direction although it appears we a likely to spend this week inside the range.. Financials, XLF, is up 6 cents in pre-market trading. Follow your rules in any trading actions today. Be logical. SPX Support = 1,087…1,082…1,075 Resistance = 1,106 - 1,117…1,125 – 1,133 Trading Down: Trading Up: FAS, RIMM, AKAM, X, FCX, POT, CAT, JOYG, AMD Look at these Charts… (click image to enlarge) At the Open on Thursday SPY – QQQQ – FAS – X – STLD – RIMM – AAPL – AKAM – AMLN – AMD – CREE – KLAC – LRCX – NVDA – AMZN – PCLN – JOYG – DECK – NFLX – ISRG – EXPE – FLIR – CAT – DE – WHR – PCP – UNP – POT – AGU – V – CAT – ACN – PNC – UAUA –