Futures Point to a Flat Open...

BMO – ES +0.00 and NQ +0.75 futures are flat in pre-market trading pointing to a flat open. AAPL +0.21, AMZN -0.32, GOOG -0.06 and BIDU +0.10 are mixed in pre-market trading. INTC is up 11 cents.

DECK and FCX are lower in pre-market trading on analyst down grades.

Keep in mind as of the close on Friday the short term, intermediate term and long term trends are up.

The big news this week is Earnings Season starts today with AA and options expiration is on Friday. Options expiration week generally has an up ward bias to it, however earnings reactions will the focus for the week. For Materials stocks AA will be important…for Technology INTC on Tuesday is huge…and for Financials JPM on Wednesday…

Key Earnings to Watch:
Monday – AA, FAST, INFY, JBHT
Tuesday – CSX, INTC, LLTC
Wednesday – JPM

Trade those charts that meet our rules in the direction of the trend.

The Euro is down pips in overnight trading. Oil is down 40 cents in electronic trading. XLE is down 13 cents in pre-market trading.

SPY is up 10 cents in pre-market trading. XLF is up 2 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 = 1,178, 1,165
Resistance = 1,200, 1,216

Trading Down: CEDC, DECK, FCX, JEC, ACN, DE, WLT, BA
Trading Up: ICE, GR, MA, FLS, CAT, BUCY, FAS, HANS, ZION, CLF, GS, IPI, UAUA, CBST, V, CREE, SWN, MCD, STT, SNDK

At the Open on Monday
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 –