BMO – ES -17.00 and NQ -30.50 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open… volume is moderate for pre-market and many more stocks are quoting down than up in pre-market trading…Financial stocks, XLF is down 14 cents in pre-market…
Key earnings this week:
Monday – C, STLD, TXN, ZION
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 82 cents and the Euro is down 87 pips in premarket trading…
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are lower in pre-market trading...All but PCLN and QCOM were lower on Friday…
Dave’s Insight for Monday: Continue to follow your rules…Stay with the trend… If the lower open holds the short term trend will change from neutral to down …Look for whether 1,300 support holds or breaks and trade accordingly…
SPX
Resistance: 1,321, 1,330, 1,344
Support: 1,311, 1,300, 1,288
Quoting Down – GOOG, ISRG, MICC, UCO, CRM, WLT, SINA, CLF, DE, CAT, VMW, SLB, GS, ANF, CF, X, FCX, URE, POT, SOHU, MOS, ATI, TIF, CAM, SNDK, FAS, DECK, V, SLW, PCX, SWKS, NVDA, DOW, JNPR, TSL, A, BIDU, NFLX, AMZN, WYNN, CTSH, FSLR, CHKP, FFIV, PCLN, NWSA, VOD, AKAM, MRVL, CMCSA
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