Futures Point to a Higher Open...

BMO – ES +2.75 and NQ +4.00 futures are higher in pre-market trading pointing to a higher open. In pre-market trading AAPL is +0.07, GOOG +2.27, BIDU -2.19, NFLX -0.63, GS +0.72 and BP -0.82.

Stocks are mostly higher on light volume in pre-market trading this morning. NETL, VECO, ATI and BA are leading each up more that $1 in pre-market trading.

With the VIX relatively strong while the SPX was weak look for potential support bounce entries today even with the short trend down.  Tighten stops on bearish trades in case Friday's VIX was giving us clues to an end to the pull back.  Watch earnings reaction this week.

Earnings of interest of leading companies include:
Monday – DAL, HAL, HAS, TROW, TXN, ZION

Tuesday – ALTR, AAPL, BIIB, CRUS, GILD, JNJ, LLTC, MICC, BTU, PEP, STLD, UAUA, UNH, WHR, YHOO
Wednesday – ALGT, AMR, AMLN, BIDU, CA, CHKP, KO, EBAY, FFIV, FCX, GENZ, NFLX, QCOM, SWK, SBUX, LCC, UTX, WFC, WDC, XLNX
Thursday – MMM, ALK, AMZN, AMX, AXP, T, BUCY, CAT, CMG, CAL, DHR, DECK, FLEX, FLIR, HSY, ESI, KEY, MHS, MSFT, MOS, NUE, PNC, PCP, SNDK, SIAL, STI, TRV, UNP, UPS
Friday – DLR, F, HON, MCD, OSTK, SLB, SKX, VZ

SPX
Support = 1,056, 1,044
Resistance = 1,071, 1,086, 1,100

Bonds are flat and TLT is down 30 cents in pre-market trading.

The Euro is up 46 pips in overnight trading and above its 10 and 30 DMA.

SPY is up 48 cents and XLF is up 1 cent 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.

Watch the VIX level on Monday to see if it pulls back and moves below the 25 level.

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

Trading Down: FFIV, HAS, FLS, NFLX, MOS

Trading Up: NETL, VECO, ATI, BA, MA, GS, CMG, FCX, CLF, DE, X, DECK, CRM, MHS, DOW, V, CAT, PCLN, USO, SNDK, SPG, CRUS, STI, LVS

The short term 3 day trend is down. The intermediate term two month 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 –
CRUS –
BRCM -
BIDU –
AKAM –
SNDK –
NTAP -
ILMN –
NFLX –
FFIV –
DECK –
CMG –
VMW –
SKX –
AZO –
LVS –
HSY –
DLR -
CRM –
TIE –
UNG –
UCO -
AAP –
SWN –
ICE –
BA –
CAT –

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

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