Futures Point to a Higher Open...

BMO -  You might remember in my Monday night webcast I said if Tuesday followed the pattern of the previous five days it would be an up day...the prior five were down, up, down, up, down...Tuesday was up...just barely...after the close the SPY was up close to 50 in after-hours trading and that has continued overnight in the futures moving the SPY back up to the resistance of the tight trading range of the previous five days...the existing TREND really does follow through most of the time...

ES +12.00, NQ +24.50 and SPY +1.28 are higher in pre-market trading and pointing to a higher open...TLT is down -1.07 and the EURO is +133 pips...Look for a big open and watch for a potential pull back as some traders position themselves to fade the gap...

I'll see in you in this morning's webcast...

 Trading Down - FAZ, SWK

Trading Up - NFLX, PCLN, MA, FCX, CLF, CRM, GS, X, CMG, FFIV, WLT, BUCY, CAT, VECO, MCD, FDX, VMW, CREE, ATW, V, SNDK, DE, USD, FAS, URE, RMBS, CRUS, GMCR, USO, HLF, CSTR, AGU, A, HAS, LVS, BYI, WFMI, AKS, PNC, WMT, VOD, UCO, MHS, ACN, ISRG, AAPL, WYNN, BIDU, AMZN, FSLR, AKAM, QCOM, TEVA, RIMM, ORCL, GILD, SBUX