Futures Point to a Flat Open...

9:32 am ET:

Look at these Charts

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BMO – ES -1.00 and NQ -2.50 futures are lower in pre-market trading pointing to a lower open. In pre-market trading AAPL is -0.06, AMZN -0.28, GOOG -3.73, BIDU +0.42, INTC is down 10 cents, BAC is down 2 cents and GS -0.41.

Stocks are near even this morning with a similar number of advancers and decliners in pre-market trading on moderate volume. We will watch for either continuation or failure of the support bounce that started in the last hour of trading on Friday. If it fails watch for a test of Friday's low. If the support bounce continues watch for a move to 1,145.

Volatility moved higher and closed a 31 on Friday. Higher volatility means you should continue to expect bigger and quicker moves both up and down. We continue to watch whether volatility moves toward and below 25.

Continue to Follow Your Rules.

Bonds are higher and TLT is 14 cents higher in pre-market trading.

Trading Down: PWRD, PCP, FCX, PCLN, X, CLF, CAT, GS, USO, LVS, TSL, WLT, UYG, GME, WHR, GES, CHL

Trading Up: MA, BUCY, V, CREE, CAM, CRM, GMCR, NFLX, URE, MCD, WMT, DECK, WFMI, UAUA

The short term trend is down, the intermediate term trend is neutral and long term trend is up.

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

The Euro is up 20 pips in overnight trading. Oil is down 25 cents in electronic trading.

SPY is up 6 cents and XLF is down 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.

SPX
Support = 1,125, 1,110, 1094
Resistance = 1,145, 1,155, 1,178

At the Open on Monday
SPY –
QQQQ –
FAS –
TLT -
FLS –
NTRI -
OSTK -
EXBD -
MA -
ILMN –
AKAM –
SNDK –
NFLX –
AAPL –
SHLD –
WHR –
ZION –
DHR –
DECK –
X –
CLF –
BA –
DOW –
BBY –
MA -
V –
PCLN –
CAT –
PCP –
CREE –
AMD –
UAUA –
UNP –
DE –
FCX –
GMCR –