Futures Point to a Flat Open...

BMO – ES -1.00 and NQ -1.50 futures are flat in pre-market trading pointing to a flat open. AAPL -0.34, AMZN +0.01, GOOG +1.40 and BIDU +0.14 are mixed in pre-market trading. INTC is up 10 cents.

Pre-market trading looks like wait and see as the market moves into earnings announcements.

Earnings Season is officially underway. Check back as we keep you up to date on key earnings reactions…for Technology INTC on Tuesday is huge…and for Financials JPM on Wednesday…

Pre-Market
ESI +5.42 analyst upgrade
PCLN -5.70 analyst downgrade
AA -0.26 meets estimates
FAST +1.81 beats estimates
INFY +0.51 beats estimates

Key Earnings to Watch:
Tuesday – CSX, INTC, LLTC
Wednesday – JPM, JBHT
Thursday – AMD, CBST, GE, GOOG, ISRG

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

April options expire on Friday.

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

The Euro is up 32 pips in overnight trading. Oil is down 57 cents in electronic trading. XLE is down 9 cents in pre-market trading.

SPY is down 12 cents in pre-market trading. XLF is down 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: PCLN, MON, FAS, TSL, GME, BUCY, FCX, CLF, SNDK, POT, UAUA, V, USO, BA, MOS, WLT, WFC
Trading Up: ESI, VAR, CHL

At the Open on Tuesday
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 –