Futures Point to a Flat Open...

BMO – ES +0.50 and NQ -0.75 futures are mixed in pre-market trading pointing to a flat open. AAPL -0.18, AMZN +0.00, GOOG +0.03 and BIDU +0.48 are near even in pre-market trading.


The SPX formed a shooting star on again on Wednesday which is 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 SPX could be simply pausing to see the Jobs Claims report which will be out before the market open this morning and the Unemployment Report Friday morning. We’ll see if the Jobs report gets the market moving before the open.

Our virtual trade short in PCLN on Wednesday looks to open significantly lower this morning.

The Euro is down 33 pips in overnight trading. Oil is quoting down 2 cents in electronic trading. XLE is unchanged in pre-market trading.

SPY is up 8 cents in pre-market trading. XLF is unchanged 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: PCLN, CHL, FAS, USO, UNG
Trading Up: ICE, TSL, DECK, BUCY, V, MOS, HDB, X, SPG, GS, FAZ

At the Open on Thursday
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 –