It's a New Year...It's a Beautiful Morning and Futures Point to a Higher Open...

Good morning Chart Signal readers…It’s Beautiful Morning this first trading day of the year…Read the January 1 Post and send your email, if you have not already taken the first simple step to making 2011 your best year yet!  Don't be left out...

BMO – ES +10.00 and NQ +21.75 futures are higher about 20 minutes before the open in pre-market trading and point to higher open…stocks are up on heavy pre-market volume…XLB and  XLF are up more than 1% in pre-market trading….

So, look at these charts X, AGU, MOS, FCX, DOW, BAC, GS, TBT, FAS

TLT is down 92 cents and the Euro is up 8 pips in premarket trading…

NDX leaders AAPL, AMZN, BIDU, GOOG and PCLN are higher in pre-market trading…NFLX is lower…

Dave’s Insight for Monday:  Stay with your up trending trades until you see your exit signal…

SPX

Resistance: 1,256, 1,281

Support: 1,241, 1,220, 1,209

Quoting Down – TLT, FAZ, AMX, MHS, URBN, NFLX, MICC

Quoting Up – PCP, CMG, GS, WLT, CRM, AGU, LVS, CLF, BA, MOS, POT, FCX, FAS, X, CSTR, SPG, SLB, CREE, HAS, ATI, VMW, TBT, CAT, SNDK, BAC, RVBD, V, DE, CHL, FCX, SOHU, STI, SINA, MCD, ARUN, DOW, LDK, AMD, PCLN, FFIV, ISRG, AAPL, GENZ, GOOG, AMZN, BIDU, FSLR, PCAR, NIHD, JOYG, CTXS, NTAP, BRCM