Futures Point to a Higher Open...

BMO – ES +6.75 and NQ +9.75 futures are higher in pre-market trading pointing to a higher open. In pre-market trading AAPL is +1.24, NFLX -1.36, GOOG +2.46 and BIDU +0.70.


Bonds are higher and TLT is up 24 cents in pre-market trading.

The Euro is up 57 pips in overnight trading continuing to bounce off recent lows and nearing it 50 DMA.

SPY is is up 76 cents and XLF is up 9 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

Futures are moving higher towards Monday's intraday high of 1,106, the resistance level of the sideways trading range of the past three weeks. The SPX returned to Friday's close at 1,091 and stayed above Thursday's S1 at 1,073 as key short term support levels. Tuesday's trading will show us if buyers are strong and this level and can break resistance or if there are still too many sellers for the SPX to rise. Be prepared for a potential break of Monday's low if resistance holds.  If Tuesday trades in the same range as Monday without breaking Monday's low, leading stocks likely will go higher.

Monday's leaders included NFLX, UNG, SNDK, INFY, GMCR, URE and WFMI.

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.

Trading Down: FAZ, NFLX

Trading Up: USD, MA, ICE, PCP, WLT, PCLN, CRM, GS, FCX, X, BUCY, CAT, NTRI, GMCR, FAS, ESI, V, SWN, HAS, CLF, CREE, USO, UNP, LVS, LXK, WFMI, STI, SNDK, MOS, WFC, AKS, MCD, UNG
SPX
Support = 1,081, 1,071, 1,060
Resistance = 1,105, 1,124

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

BIDU -
SNDK -
DECK -
CMG -
ILMN –
UAUA -
CAL –

NFLX –
AKAM -
DTV -
VMW –
CRM -
ALK -
AAPL –
ORLY –
AAP -
SWN –
AZO -
LVS –
ICE –

GOOG
AKS -
X -
PCLN -
CLF –
DOW –
BBY –
MA -
V –
CAT –
PCP –
UNP –
FCX –
GMCR –