Futures Point to a Lower Open...

BMO – ES -13.75 and NQ -27.50 futures are lower in pre-market trading pointing to a lower open. In pre-market trading AAPL is -2.56, GOOG -5.09, BIDU -1.94, NFLX -1.49.  Be protective of bullish positions and trade to the downside according to your rules.


Bonds are higher and TLT is up 50 cents in pre-market trading.

The Euro is down 87 pips in overnight trading and breaking below its 10 and 30 DMA.

SPY is dow n 1.37 and XLF is lower in pre-market trading after a 2.7% move up on Friday. Watch XLF as a key to any sustained move in the SPX.

Short term resistance is at 1,081 to 1,085. Short term support is at 1,071 and looks to be broken this morning and the next horizontal support at 1,060.

It appears that Friday's bullish harami which did not confirm on Monday could be replaced by a bearish candle on Tuesday.trader's

Follow your rules for potential enter and exits and trade the charts you are trading following the principles of trend, support and resistance and momentum.

The SPX pull back, looks probable to break its 61.8% Fib level, which suggest a move to the 78% level at 1,061. The SPX is still in an intermediate term sideways trend, congestion or consolidation with price at support.

Remember the entry on a flag is a break above the high of the low day, some gave entries on Monday but most are still in the setup stage...so watch for a potential entry signal today...Also be mindful if any breaks support and creat a trend reversal for opportunities to the downside...

Watch for potential lower lows in these Bull Flags, pull back day 6 in these up trending stocks NFLX, AKAM, SNDK, SBUX, VMW, UAUA, FFIV, ILMN, CRUS, LVS, BA, CAL, CAT, CRM, HAS, HSY, NYX, SWN, TIE, UNG, UCO, BIDU, NTAP, VECO, SKX, DECK, CMG, ICE, NETL, AAP, ALK, AZO, ABC and DLR, most of which are also listed in our At the Open watch list below.

Watch the VIX level on Tuesday which has been staying above 25 indicating higher volatility and movemet to the downside.

Stocks are down on volume in pre-market trading.

Trading Down: GS, FCX, NFLX, POT, X, WHR, SNDK, VECO, FAS, GR, MOS, UNP, USO, TLS, WMT, UCO, LVS, BAC, AMD

Trading Up: FAZ

The short term 3 day trend is down. 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 = 1,071, 1,060, 1,041
Resistance = 1,081 1,094, 1,105

At the Open on Tuesday
SPY –
QQQQ -
FAS -
TLT – support bounce

AAPL – flag
CRUS – flag
BRCM - flag
BIDU – flag after symmetrical triangle breakout
AKAM – flag
SNDK – flag
NTAP - flag
ILMN – flag
NFLX – flag
FFIV – flag
DECK - flag
CMG – flag
VMW – flag
ALK – flag
UAUA - flag
CAL – flag
SKX – flag
AZO – flag
LVS –flag
HSY – flag
DLR - flag
CRM – flag
TIE – flag
UNG – flag
UCO - flag
AAP – flag
SWN – flag
ICE – flag
BA – flag
CAT – flag

ORLY –
CSTR -
NETL –
NYX –
GMCR –
VECO –
CREE –

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