Futures Pointing to a Higher Open...

BMO – ES +5.00 and NQ +6.50 futures are higher in pre-market trading pointing to a higher open. AAPL +0.84, AMZN +0.97, GOOG +1.78 and BIDU +2.74 are higher in pre-market trading. Expect volume to be lighter on this last full day of trading this week. Thursday is a half day of trading. Based on pre-market trading it looks as if the SPX is likely to break Tuesday’s high and touch the next resistance level of 1,125. There is still a 1,234 chart target for the end of January. The Euro is up 23 pips in overnight trading. Oil is quoting up 25 cents in electronic trading. XLE is up 1 cent in pre-market trading. SPY is up 49 cents in pre-market trading. XLF is up 7 cents in pre-market trading. Watch XLF as a key to any sustained breakout in the SPX. Follow your rules in any trading actions today. Be logical. SPX Support = 1,106 - 1,117…1,087…1,082 Resistance = 1,125 – 1,133 Trading Down: Trading Up: NVDA, AMZN, FCX, UAUA, WHR, CREE, CERN, DE Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – FAS – X – AMZN – RIMM – DOW – UAUA – V – JOYG – NVDA – LRCX – WHR – AAPL – AKAM – AMD – CREE – KLAC – PCLN – DECK – NFLX – ISRG – FLIR – CAT – DE – PCP – UNP – PNC – STLD – AMLN – POT – AGU – ACN –