Futures Just Turned Up Higher Open...Light Pre-Market Volume...Triple Witching Expiration Friday...

BMO – ES +1.75 and NQ +5.25futures are near even in pre-market trading pointing to a flat open. In pre-market trading AAPL is +0.33, GOOG +1.03, BIDU +0.15, NFLX +0.25.


Bonds are flat and TLT is down 6 cents in pre-market trading.

The Euro is down 10 pips in overnight trading and above its 30 DMA.

SPY is is down 50 cents and XLF is down 2 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

Futures are flat just before the of triple witching expiration Friday. Stocks are mixed with some up a little and some down a little on light volume in pre-market trading. Next short term resistance is at 1,124.
Pre-market trading is suggesting a continuation of the narrow range trading of the past two days on options expiration Friday.

If the breakout holds the new chart target is 1,170 in approximately four weeks.

VIX closed just above 25 on Thursday, its lowest closing level since May 5. If this breakout is going to continue look for a drop below 25 in the VIX and a close below that level.

Stocks are lower on light volume in pre-market trading.
If the breakout holds, the pull back testing the breakout is an entry opportunity.

Trading Down: MHS, SWN, WHR, PCP, POT, CMG, DEC, FCX, URE, USO, X, BA, SNDK

Trading Up: FLS, CREE, CRUS, GS, NFLX, V, DHR, PNC, CAT

The short term 3 day trend is up. 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 = 1,124, 1,145

At the Open on Friday
SPY –
QQQQ -
FAS -
TLT
HSY –
UNG –

BIDU -
SNDK - breakout
DECK - breakout
CMG - breakout
BIDU -
ILMN –
UAUA - breakout
CAL – breakout
GOOG –
CRUS
TIE

NFLX – flag bounce
AKAM -
DTV -
VMW –
CRM – flag
ALK -
AAPL –
ORLY –
AAP -
SWN –
AZO -
LVS –
ICE –
CSTR -
AKS
X – counter trend at support
PCLN – reversal
CLF – potential double bottom breakout
DOW –
BBY –
MA -
V –
CAT –
PCP –
UNP –
FCX –
GMCR – reversal