Futures Pointing to a Higher Open...

12:25 pm ET - SPX +6.69, 1,113.10 is near its high of the day 1,113.97, $SOX, XLE, XLB, XLI, XLK are stronger than the SPX...X, AKS, FSLR, ILMN, MXIM, NVDA, MRVL and NIHD are making strong moves BMO – ES +6.25 and NQ +10.25 futures are higher in pre-market trading pointing to a higher open. AAPL +0.98, AMZN -1.65, GOOG +5.31 and BIDU +2.69 are mostly higher in pre-market trading. The Euro is up 28 pips in overnight trading. Oil is quoting down 72 cents in electronic trading. XLE is up 94 cents in pre-market trading. XLE has been recently the second weakest sector. This Friday is triple witching with options and futures expiration. Last Friday the majority of futures trading moved from the December contract to the March contract. Use symbol ESH0 for the March SP e-mini contract. SPY is continuing its support bounce up 81 cents in pre-market trading near the highest level (112.38) of its horizontal trading range. Stay prepared for a breakout of resistance. Financials, XLF, is up 2 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 - 1,119…1,125 – 1,133 Trading Down: Trading Up: XLE, UAUA, AMR, CAL, DAL, LCC, RIMM, AKAM, X, FCX, POT, CAT, JOYG, AMD Look at these Charts… (click image to enlarge) At the Open on Monday 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 –