Futures Pointing to a Higher Open...

9:43 am EDT -

Look at these Charts

(click image to enlarge)

BMO – ES +4.75 and NQ +7.75 futures are higher in pre-market trading pointing to a higher open. In pre-market trading AAPL is +2.99, AMZN +1.20, BIDU +7.99, INTC is UP 18 cents, BAC UP 13 cents and GS +2.35.

UAUA and CAL announced their expected merger at a rate of 1.05 UAUA shares for each CAL share. UAUA is up 70 cents and CAL is up 56 cents in pre-market trading.

With the SPX above its 1,178 support watch for a potential support bounce off of Friday's higher low...if the SPX does break 1,178 be prepared for it to drop to the next support level.

Financials XLF, Energy XLE, Home builders XHB and Retail XRT are leading the market higher in pre-market trading.

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

Trading Down: DHR, CAM, CRM, FAZ, FCX
Trading Up: FAS, GS, ESI, WHR, UYG, NFLX, POT, URE, CAT, UAUA, MHS, V, SNDK, GMCR, CLF, CREE, MOS, X, BUCY, MCD, TSL, BAC, WFC

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.

The Euro is down 89 pips in overnight trading.  Oil is down 15 cents in electronic trading. 

SPY is up 54 cents and XLF is up 14 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, 1,220

At the Open on Monday
SPY –
QQQQ –
FAS –
ILMN – flag
AKAM – flag
DOW – flag
BBY –
SNDK – flag
AAPL – flag
SHLD – flag
NFLX – flag
BA – flag
WHR – flag
ZION – flag
DHR – flag
V –
PCLN – flag
DECK – flag
CAT –
PCP – EPS this week
X –
CREE –
AMD –
UAUA – merger announced
UNP –
CLF –
DE –
FCX –
GMCR –