Futures Point to a Lower Open...

BMO – ES -3.75 and NQ -6.00 futures are lower in pre-market trading pointing to a flat open. AAPL +0.40, AMZN -0.57, GOOG -4.41 and BIDU -1.08 are mostly lower in pre-market trading.

Pre-market trading is lower and suggests the market may pull back from resistance towards support. Many stocks are also showing little or no early movement.  Today is month end and we have the three day Easter weekend with the market being closed on Good Friday. The trend is still up and price is currently consolidating in the broad indexes.

It appears that trade opportunities many exist in the energy sector, ag stocks and some other stocks to the downside this morning.

We will continue to watch for a break of resistance or support for the next short term move. Meanwhile we will trade those charts that meet our rules in the direction of the trend.

The Euro is up 67 pips in overnight trading. Oil is quoting up 77 cents in electronic trading. XLE is up 15 cents in pre-market trading.

SPY is down 34 cents in pre-market trading. XLF is down 9 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
IPI, USO, NFLX, ATI


SPX
Support = 1,165, 1,150, 1,139
Resistance = 1,178, 1,216

Trading Down: FAS, HEAT, GS, X, FCX, V, CAT, SNDK
Trading Up: IPI, USO, FUQI, MON, FAZ

At the Open on Wednesday
SPY –
QQQQ –
FAS –
X –
ADBE –
BBY –
QCOM –
POT –
CREE –
UAUA –
SNDK –
AAPL –
ALGT –
NFLX –
RIMM –
SHLD –
BUCY –
BA –
DOW –
DE –
FCX –
WHR –
ZION –
GMCR –
AGU –
IPI –
DHR –
V –
NVDA –
AMD –
PCLN –
DECK –
CAT –
PCP –
UNP –
CLF –