UPS Up...Futures Pointing to Flat to Slightly Lower Open...

BMO – ES -2.50 and NQ -4.25 futures are flat in pre-market trading pointing to a flat to slightly lower open. AAPL -0.44, AMZN +0.42, GOOG +2.10 and BIDU -0.16 are mixed in pre-market trading. INTC is up 26 cents, JPM down 10 cents.


Markets are near even this morning many stocks at on near Wednesday’s close in light pre-market trading. Look for select stocks to move higher while others consolidate Wednesday’s gains.

The SPX broke its 1,200 resistance…look for it to hold above 1,204, the S1 level of Wednesday’s large white candle.

UPS reported adjusted 71 cents vs. estimates of 58 after the close…

Pre-Market
UPS +3.05 beats estimates

Key Earnings to Watch:
Thursday – AMD, CBST, GE, GOOG, ISRG
Friday – BAC
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 down 109 pips in overnight trading. Oil is down 25 cents in electronic trading. XLE is up 4 cents in pre-market trading.

SPY is down 22 cents in pre-market trading. XLF is up 3 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 = 1,200, 1,178
Resistance = 1,216, 1,220

Trading Down: GMCR, FCX, DOW, X
Trading Up: ZION, FAS, MON, NFLX, CREE, UAUA, BAC

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 –