Futures Point to a Lower Open...

BMO – ES -2.50 and NQ -5.75 futures are lower in pre-market trading pointing to a lower open. AAPL -1.27, AMZN -0.82, GOOG -10.29 and BIDU +19.30 are mostly lower in pre-market trading.

The SP futures are lower this morning. Friday is the new high day. Many stocks are trading lower on light volume in pre-market trading. Watch for a potential break of the low of the high day and on the SPX the 1,139 support level, these are potential exit areas for some short term traders.

The Euro is down 60 pips in overnight trading. Oil is quoting down 42 cents in electronic trading. XLE is down 22 cents in pre-market trading.

SPY is down 16 cents in pre-market trading. XLF is down 7 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 = 1,139, 1,125 -1,133
Resistance = 1,150

(click image to enlarge)

Trading Down: MA, ICE, FAS, FCX, CREE, BUCY, GS,SNDK, X, SWN, USO, BA, MOS, CAT, AGU, TSL, POT, V, IPI, WFC
Trading Up: WMT, FAZ, MCD

At the Open on Monday
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 –