Futures on the Rise Pointing to a Higher Open...

BMO – ES +8.75 and NQ +15.75 futures are lower in pre-market trading pointing to a slightly lower open. AAPL +1.62, AMZN +1.09, GOOG +5.00 and BIDU +2.26 are lower in pre-market trading. The Euro is up 60 pips in overnight trading and oil is quoting up 85 cents in electronic trading. XLE is up 38 cents in pre-market trading. The SPX is making another move towards horizontal resistance, expect sellers around 1,110 but be prepared if buyers over power sellers after three and a half weeks of sideways price action. Financials, FAS, are up again in pre-market trading. If this sector is on the move again as it was in July and August , it increases the probability that the SPX can break through resistance. Follow your trading rules today. Be logical. SPX Support = 1,087…1,082…1,075 Resistance = 1,100 - 1,106…1,113 Trading Down: Trading Up: SPY, IWM, XLE, AMZN, FCX, X, DE, EBAY, URE Look at these Charts… (click image to enlarge) At the Open on Tuesday 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 –