Futures Point to a Slightly Higher Open...

9:45 am ET - WHR is gapping up post earnings this morning...UAUA, CGA, FCX, TSL ICE, DE, BUCY, GES and X are moving higher... BMO – ES +2.50 and NQ +3.75 futures are higher in pre-market trading pointing to a higher open. AAPL +0.75, AMZN +0.33, GOOG +0.00 and BIDU +1.32 are higher in pre-market trading. The Euro is up 16 pips in overnight trading. Oil is up 67 cents in electronic trading. XLE is up 20 cents in pre-market trading. SPY is up 24 cents in pre-market trading. XLF is up 2 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. We will be looking for the short term technical support bounce to continue on Tuesday morning and will stay prepared if the bounce fails and support breaks, we will look for price to fall to the next support level. SPX Support = 1,082, 1,175, 1,050 – 1,044 Resistance = 1,103 Trading Down: ISRG, JEC, DOW, AMD Trading Up: WHR, FCX, X, CAT, X, HDB, TSL, GS, IPI, SNDK, POT, AKAM, USO Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – FAS – BA – ALTR – GMCR – ALGT – SHLD – CREE – STX – ZION – STT – NTRS – DECK – ISRG – BAC – INFY – X – AAPL – AKAM – AMZN – NVDA – SNDK – BUCY – PCLN – UAUA – ACN – AGU – DE – DOW – DHR – MA – PCP – POT –