ZION, STLD, MICC Gap Up...Futures Point to a Higher Open...

BMO – ES +1.75 and NQ +3.75 futures are higher about 30 minutes before the open in pre-market trading and point to a higher open… volume is moderate for pre-market and more stocks are quoting up than down in pre-market trading…Financial stocks, XLF is up 11 cents in pre-market…

STLD +4.52% and ZION +7.36% in pre-market trading following better than expected earnings…MICC +7.57% after $2.17 EPS on Tuesday morning…

Key Earnings this week:

Monday –

C reports 10 cents vs. 9 cents estimate

STLD reports 46 cents vs. 41 cents estimate

ZION reports 8 cents vs. -18 cents estimate

TXN reports 52 cents vs. 63 cents estimate

Tuesday – INTC, ISRG, LLTC, MICC, ST, WYNN, YHOO, CREE, CSX, GS, HOG, JNJ, JNPR, RF, STT, SYK, VMW

Wednesday – AAPL, GILD, FFIV, VMED, LRCX, QCOM, AMGN, AXP, AMR, DAL, FCX, MAR, STI, CAKE, UNP, UTX, WFC, WDC

Thursday – MXIM, SNDK, VRTX, BIIB, AMD, ALD, ALXN, COF, DD, GR, LLL, NEM, NUE, NOK, PCX, PNC, RMBS, SLB, UAL, VZ

TLT is down 13 cents and the Euro is up 61 pips in premarket trading…

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

Dave’s Insight for Tuesday:  Continue to follow your rules…Stay with the trend… With bullish candles in the broad indexes and the seven high visibility NASDAQ stocks on Monday look for a support bounce this morning…Monday’s low which did hold at the 1,300 support area is still the key short term support…

SPX

Resistance: 1,311, 1,321, 1,330

Support: 1,300, 1,288

Quoting Down – UCO, HLF, CAM, NTES, FAS, FWLT, WLT, A, VLO, SLW, JEC, TIF, SHLD, CTXS, BIIB, CELG, INTU, CHRW, ESRX, ADSK, NTAP, SBUX,

Quoting Up – MICC, GOOG, GS, SINA, SOHU, ZION, NDAQ, DE SWKS, CF, NYX, POT, FCX, CAT, X, MOS, VMW, RVBD, CIEN, CLF, SWK, FAS, MHS, CRUS, UAL, ANF, PCAR, AAPL, WYNN, JOYG, WFMI, INFY, BIDU, LRCX, XLNX, ALXN, MAT, AKAM, AMZN, RIMM