Futures Point to a Flat Open...

BMO – ES -0.75 and NQ -2.00 futures are slightly lower in pre-market trading pointing to a flat to lower open. AAPL -0.70, AMZN -0.06, GOOG -0.01 and BIDU -7.77 are mostly lower in pre-market trading.

The SPX formed a shooting star on Tuesday which could be the high in this short term trend of the past 3 plus weeks. Short term traders be on alert for a break of the low of the high day.


The Euro is up 17 pips in overnight trading. Oil is quoting up 37 cents in electronic trading. XLE is up 7 cents in pre-market trading.

SPY is down 8 cents in pre-market trading. XLF is down 3 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

Follow your rules in any trading actions today. Be logical.

SPX
Support = 1,105 – 1,113
Resistance = 1,119, 1,125 -1,133

Trading Down: NFLX, GS, FAS, WFC, PCLN

Trading Up: MA, POT, FCX, WCG, USO, TDG, MCD, FAZ, URE, AMD

Look at these Charts…

(click image to enlarge)

At the Open on Wednesday
SPY –
QQQQ –
FAS –
CF –
UAUA –
SNDK –
DOW –
X –
CREE –
ALGT –
ALTR –
NFLX –
RIMM –
BA –
STX –
DE –
WHR –
ZION –
STT –
GMCR –
IPI –
SHLD –
BUCY –
DHR –
V –
NVDA –
AMD –
PCLN –
DECK –
CAT –
PCP –
UNP –
POT –
AGU –
ACN –