Future Point to a Flat Open with Nasdaq Leaders Up...

BMO – ES -1.25 and NQ +2.50 futures are flat in pre-market trading pointing to a flat open. In pre-market trading AAPL is +1.82, GOOG +0.04, BIDU +1.13, NFLX +2.01.

Bonds are slightly higher and TLT is up 41 cents in pre-market trading.

The Euro is down 35 pips in overnight trading and at its 30 DMA forming a flag pattern.

SPY is is unchanged and XLF is up 1 cent in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

Short term support is still 1,103 watch for a potential test after Monday's pull back. Short term resistance on Monday's candle is at 1,119 with intermediate resistance at 1,130.

Stocks are mixed on light volume in pre-market trading. This is suggesting that Monday's low represent at least a temporary level of balance in trading. We'll watch if buyers take control at the open. Remember buyers are in net control over the past 10 trading days and while Monday's pull back can continue, look primarily for a higher lower and support bounce at some point.

Continue to be alert to the 1,103 support level and the potential for a break below the low of the high day.

Look through our watch list below for potential setups. NFLX, BIDU, AAPL may lead the market higher as they have found at temporary support after Monday's pull back.

The breakout continues to hold with the new chart target is 1,170 in approximately four weeks. Monday's pull back is testing last week's the breakout and is setting up a potential entry opportunity.

VIX closed just below 25 on Monday. I view 25 as an important confirmation level for pull back if over 25 and support bounce continuation under 25. If this breakout support bounce is going to continue look for the VIX to stay below 25.

Trading Down: ZION, TSL, SWK, MOS
Trading Up: NFLX, BUCY, CSTR, NETL, SNDK, CAT, MA, CLF, X, CRUS, MHS, V, GS, POT, URE

The short term 3 day 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.

Follow your rules in any trading actions today. Be logical.

SPX
Support = 1,105, 1,081, 1,071
Resistance = 1,119, 1,130, 1,148

At the Open on Tuesday
SPY –
QQQQ -
FAS -
AKAM – new high
CRUS – new high
ALK – new high

AAPL – breakout
SNDK - breakout
DECK - breakout
CMG – breakout
VMW – breakout
UAUA - breakout
CAL – breakout
FFIV – breakout
SKX – breakout
AZO – breakout
LVS – breakout

ILMN – pennant
BIDU – symmetrical triangle
NFLX – flag bounce
HSY – flag bounce
DLR - flag
CRM – flag
TIE – horizontal flag
UNG – horizontal flag

ORLY – flag
AAP -
SWN – flag
ICE –
CSTR -

GMCR – reversal breakout
BA – reversal breakout
CAT – reversal breakout
VECO – reversal breakout
CREE – reversal breakout
NETL – reversal breakout
NYX – reversal breakout

AKS
X – counter trend at support
PCLN – reversal
CLF – potential double bottom breakout
DOW –
BBY –
GOOG
MA -
V –
PCP –
UNP –
FCX –