Futures Pointing to a Flat Opening...

12:10 pm ET - XLF -0.07 is stuck going nowhere all other sectors are up slightly with the strongest being XLU +0.33...as a result the SPX +1.41 is trading in a narrow 6 point range this morning...buyers and sellers continue to be locked near even, although buyesr are buying certain stocks...NVDA, POT, AGU, MOS, FSLR, RIMM, AKAM, STLD, NIHD, BRCM, STX, KLAC, NTAP, SHLD, NKE... 10:00 am ET - I don't mean to beat a great horse but I just noticed a headline as I was looking at the new on NVDA..."12/7/09 07:01:00 US STOCKS-Wall St set to dip as interest rate concerns grow"...so you guessed it the market is up...SPX +3.79 points...if you didn't read Friday's day post...check it out...NVDA, AKAM KLAC, FSLR, RIMM, NKE and BRCM are on the rise... BMO – ES -3.00 and NQ -5.00 futures are slightly lower in pre-market trading pointing to a flat to lower open. AAPL -0.19, AMZN +0.07, GOOG -0.95 and BIDU -0.45 are mixed in pre-market trading. The Euro is down 79 pips in overnight trading and oil is quoting down 62 cents in electronic trading. XLE is down 21 cents in pre-market trading. SPY is going to open near Friday’s close so it may be more trading inside the narrow trading range. After four weeks of sideways trading we still need to be prepared for a pullback and a breakout. Financials, XLF, is down 7 cents in pre-market trading. We are still looking for this sector to pick up to support a breakout of the SPX. Follow your rules in any trading actions today. Be logical. SPX Support = 1,087…1,082…1,075 Resistance = 1,106 - 1,119…1,125 – 1,133 Trading Down: FAS, MRVL, CREE Trading Up: AKAM, FSLR, RIMM, NVDA, LRCX, KLAC Look at these Charts… (click image to enlarge) At the Open on Monday SPY – QQQQ – XLE – FAS – AKAM – AMLN – KLAC – LRCX – NVDA – CREE – DE – STLD – FLIR – FCX – PCP – EXPE – X – NIHD – CSX – UNP – WLT – POT – STX – AMZN – PCLN – JOYG – DECK – NFLX – ISRG – V – NKE – CAT – SWK – ACN – PNC – DIS – UTX – UAUA –