Futures Point to a Lower Open as Euro Trades Lower Again...

BMO – ES -15.00 and NQ -14.00 futures are flat to higher in pre-market trading pointing to a flat open. In pre-market trading AAPL is +2.33, AMZN –1.96, GOOG -6.63, BIDU -1.56, INTC is down 20 cents, BAC is down 23 cents and GS -1.26.


Stocks are are lower on light volume this morning in pre-market trading, suggesting that the overnight sell off could easily reverse. If the cash markets don't turn up after the open follow your rules for trading to the down side on down trending stocks.

Continue to Follow Your Rules.

Bonds are higher and TLT is up 40 cents in pre-market trading.

Trading Down: MA, CLF, BUCY, WHR, NFLX, FCX, USO, X, WFMI, GS, CRM, CAT, UYG, FAS, POT, URE, MOS USO, BA, V, DE, CAM CREE, SWN, ESI, LVS, PCLN, WFC, TSL, AGU, UNP, AKS, SNDK, MCD, DOWN, WMT, AMT, STI, BAC, MICC, TEVA, RIMM

Trading Up: FAZ, HAS, UNG, AAPL, RYAAY, ADBE

The short term trend is neutral and could turn down with if Tuesday is a down day, 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 down 143 pips in overnight trading.

SPY is down -1.57 and XLF is down 23 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 = 1,070, 1,055, 1,044
Resistance = 1,089, 1,107

At the Open on Tuesday
SPY –
QQQQ –
FAS –
FAZ -
TLT -
UNG -
AKS -
X -
UAUA -
ZION -
STI -
PNC -
CREE -
DE -
BIDU -
AKAM -
SNDK -
NFLX -
DTV -
HAS -
NTRI -
OSTK -
EXBD -
WFMI -
PCLN -
ILMN –
AAPL –
ORLY -
AAP -
WHR –
DHR –
DECK –
CLF –
DOW –
BBY –
MA -
V –
CAT –
PCP –
AMD –
UNP –
FCX –
GMCR –