Futures Pointing to a Lower Open...

12:05 pm ET - DECK is breaking out above its 100.88 high, chart target on successfull breakout = 111.95...X is also bouncing in its bull flag pattern... 9:54 - SPX, SPY, QQQQ, AAPL, GOOG and QCOM are also positive while AMZN, BIDU and PCLN are still negative in early trading... 9:47 am ET - semiconductors MRVL, KLAC, NVDA, LRCX and others continue to gain strength as does the SPX and SPY from the open...our Look at These Charts below...BUCY, CREE, PCP and WHR are starting to bounce in their bull flag patterns... 9:33 am ET - stocks open lower and begin to rally...look at SOX turning positive along with NVDA, LRCX, KLAC, MRVL and others... BMO – ES -4.00 and NQ -5.00 futures are higher in pre-market trading pointing to a higher open. AAPL -0.30, AMZN -1.11, GOOG -0.95 and BIDU -2.38 are lower in pre-market trading. Based on pre-market trading it looks as if the SPX is pulling back. We’ll see if U.S. based traders reverse the small overnight sell off or if they become net sellers at the open. There is still a 1,234 chart target for the end of January. The Euro is down 28 pips in overnight trading. Oil is unchanged in electronic trading. XLE is down 23 cents in pre-market trading. SPY is down 39 cents in pre-market trading. XLF is down 6 cents in pre-market trading. Continue to watch XLF as a key to sustain the breakout in the SPX. Follow your rules in any trading actions today. Be logical. SPX Support = 1,106 - 1,117 Resistance = 1,125 – 1,133 Trading Down: POT, AMZN, FCX, CREE, X, RIMM, UAUA Trading Up: NFLX Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – FAS – X – AMZN – RIMM – DOW – UAUA – MA – BUCY – NVDA – LRCX – WHR – AAPL – AKAM – AMD – CREE – KLAC – PCLN – DECK – NFLX – ISRG – FLIR – CAT – DE – PCP – UNP – STLD – POT – AGU – ACN – ICE – CME –