Futures Point to a Lower Open...

10:00 am ET - ALGT +1.68 or +3.29% and BHI +2.05 or +4.53% after releasing earnings BMO – ES -4.50 and NQ -3.75 futures are higher in pre-market trading pointing to a higher open. AAPL +2.64, AMZN +0.54, GOOG -2.25 and BIDU -1.16 are mixed in pre-market trading. Tuesday’s Earnings to Watch: X, DD, VZ, ALGT, ALTR, BHI, BA, CAT, DAL, JEC, JNJ, NUE, TRV and YHOO ZION is +0.93 or +5.41%, X is -3.07 or -5.39%, DD is -0.22 or -0.67% and VZ is -0.30 or -0.98% after releasing earnings. The Euro is down 84 pips in overnight trading. Oil is down 82 in electronic trading. XLE is down 47 cents in pre-market trading. SPY is down 54 cents in pre-market trading. XLF is down 8 cents in pre-market trading. Continue to watch XLF as a key to a support bounce rally in the SPX as it is doing this morning. Follow your rules in any trading actions today. Be logical. Watch Monday’s support low for a potential break of support. If support holds what for a potential follow through of Monday’s inside day and confirmation of the bullish harami. If support breaks look for price to fall to the next support level. SPX Support = 1,175 Resistance = 1,103, 1,115 Trading Down: X, POT, UNH, AGU, BUCY, XLB, XLF, XLV Trading Up: AAPL, AMZN, ZION, AMLN Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – FAS – SHLD – CREE – STX – STT – NTRS – BAC – INFY – ZION – X – AAPL – AKAM – AMZN – NVDA – RIMM – SNDK – BUCY – DECK – FWLT – ISRG – PCLN – UAUA – ACN – AGU – AMD – CAT – DE – DOW – DHR – MA – PCP – POT – UNP – WHR –