Futures Point to a Higher Open...

BMO – ES +6.00 and NQ +9.75 futures are higherer in pre-market trading pointing to a higher open. In pre-market trading AAPL is +0.36, AMZN +0.88, INTC is down 4 cents, BAC up 14 cents and GS +1.61.


Broad indexes were lower on Tuesday amid concerns of debt in Europe. Pre-market trading is a is a small bounce off of Tuesday's low. High prices in financial and energy stocks could lift the market this morning.

Look for potential bounces in these bull flag setups on Wednesday: WHR, CAT, BA, URE, DHR, SNDK, ZION, SYNA, ACN, PCP, DECK, GES, GR, ATI, PCLN, NFLX, SWK

Look at these Charts

(click image to enlarge)

Key Earnings to Watch:
Monday – CNI, HUM, JEC, KSU, EL, LXK, MHP, NOV, ODP, RSH,TSM, TXN,
Tuesday – MMM, ADP, AFL, DOW, DD, F, FUQI, JBLU, LIFE, MHS, NEM, NSC, NUS, PNRA, LCC, SWK, UAUA, X
Wednesday – AKAM, ATI, APA, BIDU, BKC, CME, CERN, CLF, COP, ESRX, DAVE, FSLR, GMCR, HES, ILMN, K, LOGI, ORLY, OII, POT, RCL, HOT, VAR, VRSN, V, WLT, WLP, XLNX
Thursday – AET, AEM, AGN, AMX, BDX, BMY, CAM, CELG, CVX, XRAY, DLB, EXPE, XOM, JRCC, KLAC, MXIM, WFR, MET, PG, SPG, SWN, VPRT
Friday – AVP, DISCA

The short term is up and the intermediate term and long term trends are up.

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

The Euro is up 37 pips in overnight trading.  Oil is down 5 cents in electronic trading. 

SPY is up 50 cents and XLF is up 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.

SPX
Support = 1,178, 1,155
Resistance = 1,200, 1,216

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