Futures Point to a Higher Open...

BMO – ES +8.25 and NQ +13.00 futures are higher in pre-market trading pointing to a higher open. In pre-market trading AAPL is +2.12, AMZN +1.23, GOOG +2.55, BIDU +1.37, INTC is up 16 cents, BAC is up 24 cents and GS +0.86.

HANS is upgraded to Buy at GS.  X is bouncing this morning.  CREE broke the high of the low day yesterday.  AKAM had a horizontal breakout on Monday.  NFLX broke the high of the low day on Monday.  SBUX is poised to break the high of the low day this morning.

Stocks are broadly higher this morning with advancers leading decliners in pre-market trading on moderate volume being led by Energy XLE, Financials XLF and Technology XLK.

After testing last Monday's opening level yesterday the SPX rallied 21 points to close at 1,136.94.  If Monday's support continues after the open look for it to move to the 1,145 resistance.  If that is broken next resistance is 1,155.  Last week's high is 1,173.

If trading continues to the upside at the cash open look for volatility to move lower.  We will continue to watch for volatility to move toward and below 25 for indication that the recent consolidation pattern is ready to shift back into an intermediate term up trend.

Continue to Follow Your Rules.

Bonds are higher and TLT is 39 cents higher in pre-market trading.

Trading Down:  NFLX, FAZ

Trading Up: PCLN, ESI, CRM, WLT, CLF, FCX, MA, POT, ICE, UYG, BA, HANS, CAT, SWN, X, WMT, WHR, GS, V, CREE, FAS, LVS, SNDK, URE, MOS, TSL, GMCR, MCD, USO, CAM, WF, PWRD, BAC, JEC, DE

The short term trend is neutral, 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 14 pips in overnight trading.

SPY is up 88 cents and XLF is up15 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 Tuesday
SPY –
QQQQ –
FAS –
TLT -
NTRI -
OSTK -
EXBD -
ILMN –
AKAM –
SNDK –
NFLX –
AAPL –
SHLD –
WHR –
ZION –
DHR –
DECK –
X –
FLS -
CLF –
BA –
DOW –
BBY –
MA -
V –
PCLN –
CAT –
PCP –
CREE –
AMD –
UAUA –
UNP –
DE –
FCX –
GMCR –