Futures Point to a Flat Open...

BMO – ES -1.25 and NQ +1.00 futures are mixed in pre-market trading pointing to a flat open. In pre-market trading AAPL is -0.82, GOOG +3.05, BIDU -0.03, NFLX +0.00.


Stocks are mixed on light volume in pre-market trading this morning. SNDK is 1.27 higher this morning.  Leading stocks slowed down on Friday and coincident stocks performed best...see Friday's post. Look for this shift to continue in front of earnings this week.

Earnings season starts today with earnings from AA, AMR, CSX and NVLS today.

SPX
Support = 1,071, 1,056,
Resistance = 1,086, 1,100

After the strong move up on Wednesday, the market move modestly higher on Thursday and Friday. This is options expiration week.

Bonds are flat and TLT is up 28 cents in pre-market trading.

The Euro is down 65 pips in overnight trading and above its 10 and 30 DMA. The Euro appears to have started a new up trend with a breakout of an inverse head and shoulders.

SPY is down 39 cents and XLF is unchanged in pre-market trading . Watch XLF as a key to any sustained move in the SPX.

Continue to look for entry opportunities based on chart action.

Look for support bounce continuation and potential entry : FFIV, HSY, 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.

Watch the VIX level on Monday to see if it stays below the 25 level.

Stocks are mixed on light volume in pre-market trading.

Trading Down: FCX, CMG, CREE, WLT, DOW, CRM, WFMI, GS, HLF, BA, X, CLF


Trading Up: SNDK, A, POT, WMT, ATW, AGU, MOS, CRUS

The short term 3 day trend is up. The intermediate term 2month trend is down 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.

At the Open on Monday
SPY –
QQQQ -
FAS -
TLT –

AAPL – sideways at support
CRUS – flag entry
BRCM - flag
BIDU – sideways at support
AKAM – flag
SNDK –
NTAP - flag
ILMN – flag
NFLX – flag
FFIV – flag entry
DECK – stock split
CMG – flag
VMW – bounce entry
SKX –
AZO – flag
LVS –flag
HSY – flag entry
DLR - flag
CRM – flag
TIE – flag
UNG – flag
UCO -
AAP – flag
SWN – flag
ICE –
BA – flag
CAT – flag

ALK –
UAUA -
CAL –
ORLY –
CSTR -
NETL –
NYX –
GMCR –
VECO –
CREE -

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