Futures Point to a Higher Open Following AA, CSX and AMR Earnings...

BMO – ES +8.25 and NQ +15.00 futures are mixed in pre-market trading pointing to a flat open. In pre-market trading AAPL is +1.34, GOOG +6.16, BIDU +0.77, NFLX +w.38.

Stocks are higher on good volume in early pre-market trading this morning after a very good start to earnings season on Monday.
Earnings season started on Monday:
AA reports 13 cents vs 12 cents estimate

CSX reports 1.07 vs 98 cents estimate
NVLS reports 66 cents vs 60 cents estimate

Earnings of interest of leading companies include:
Tuesday – FAST, INTC
Wednesday – CTAS, MAR
Thursday – AMD, AMX GOOG, JBHT, JPM
Friday – BAC, C, GE

SPX

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

This is options expiration week.

Bonds are flat and TLT is down 29 cents in pre-market trading.

The Euro is down 13 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 up 94 cents and XLF is up 16 cents 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 Tuesday to see if it stays below the 25 level.

Trading Down: FAZ
Trading Up: NFLX, FCX, WHR, CLF, USD, URE, SNDK, GS, V, ATI, A, FAS, CAT, PCLN, X, BYI, CRM, WLT, USO, IPI, TSL, LVS, CRUS, SKX, UAUA, WFMI, DHR, AKS, TIE, MA, VMW, CREE, WMT, UNP, STI

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 Tuesday
SPY –
QQQQ -
FAS -
TLT –

AAPL – support bounce
CRUS – flag bounce
BRCM - breakout
BIDU – sideways at support
AKAM – flag
SNDK –
NTAP - flag
ILMN – flag
NFLX – flag
FFIV – flag e
DECK – stock split
CMG – flag
VMW – bounce
SKX –
AZO – flag
LVS –flag
HSY – bounce
DLR - flag
CRM – flag
TIE – flag
UNG –
UCO -

AAP – flag
SWN – flag
ICE –
BA – bounce
CAT – bounce

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

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