Futures Point to a Flat Open...

BMO – ES +2.50 and NQ +3.50 futures are slightly higher in pre-market trading pointing to a flat to higher open. AAPL -0.58, AMZN +0.15, GOOG -2.95 and BIDU +12.30 are mixed in pre-market trading.

Thursday’s trading and this morning’s pre-market trading seems to indicate a continuation of trading in a relatively narrow range between 1,160 and 1,170.

March options expire today. Wednesday is the high day.

The Euro is down 60 pips in overnight trading. Oil is quoting down 52 cents in electronic trading. XLE is down 9 cents in pre-market trading.

SPY is down 17 cents in pre-market trading. XLF is down 4 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.

Look at these Charts

(click image to enlarge)

SPX
Support = 1,150
Resistance = 1,178

Trading Down: SYNA, FAS, TSL, ZION, MON, WLT, CL, BUCY
Trading Up: BA, PCP, POT, HANS, MOS, ATI, V,AGU, X, GME, UNP

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