Futures Point to a Lower Open...

BMO – ES -8.00 and NQ -14.00 futures are lower in pre-market trading pointing to a lower open.  AAPL -1.00, AMZN +0.32, GOOG -3.90 and BIDU -4.39 are mostly lower in pre-market trading.  INTC is down 15 cents, JPM down 37 cents, BAC down 17 cents, GE down 12 cents and GS is down 91 cents.


Many stocks are lower before the market open being led by energy and financial stocks. If stocks break support that is a shift to a short term down trend. 

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

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

NFLX, ESI, SNDK, DHR are higher after reporting strong earnings since last night's close

QCOM is lower after reporting strong earnings with weak guidance.

Key Earnings to Watch:
Wednesday – ABT, ALK, AMGN, T, BA, CTXS, DHR, EBAY, GENZ, GR, ESI, KEY, LRCX, NFLX, BTU, QCOM, SNDK, SBUX, TER, VZ, VRTX
Thursday – AMZN, AXP, BUCY, CAL, DECK, HON, MSFT, NUE, PEP, TRV, UNP
Friday – FLIR, SLB

The Euro is down 68 pips in overnight trading.  Oil is down 1.07 in electronic trading.  XLE is down 57 cents in pre-market trading.

SPY is down 87 cents in pre-market trading.   XLF is down 15 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 = 1,200, 1,178, 1,155
Resistance = 1,216

Trading Down: FAS, CLF, UYG, GS, USD, CEDC, X, BUCY, CAT, FCX, USO, URE, PWRD, ACN, MCD, STT, UAUA, V, POT, WFC, ZION, CREE, TSL, DOW, BAC

Trading Up: NFLX, ESI, SNDK, GMCR, UNP, DHR, BA, FAZ

At the Open on Thursday
SPY –
QQQQ –
FAS –
X –
BBY –
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 –