Futures Point to a Higher Open...

BMO – ES +5.25 and NQ +6.00 futures are higher in pre-market trading pointing to a higher open. AAPL +1.86, AMZN +0.38, GOOG +2.33 and BIDU +5.30 are higher in pre-market trading.

Pre-market trading is mostly higher and suggests the market may take another run at the 1,180 resistance. Today is April 1 and the last day of trading before 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 and financial sectors and perhaps materials 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 down 44 pips in overnight trading. Oil is quoting up 82 cents in electronic trading. XLE is flat in pre-market trading.

SPY is up 51 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
ESI, WLT, BUCY, JOYG, QCOM, AAPL, FCX


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

Trading Down: MOS, FAZ
Trading Up: WLT, FAS, BUCY, FCX, CLF, X, MA, SNDK, USO, GS, BA, CAT, WMT, AGU

At the Open on Thursday
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 –