PPI and Jobless Claims Rise...Futures Point to a Lower Open...

BMO – ES -7.00 and NQ -13.75 futures are lower about 30 minutes before the open in pre-market trading and point to a lower open… volume is light for pre-market and many more stocks are quoting down than up in pre-market trading…Financial stocks, XLF is down 12 cents in pre-market…

GOOG reports after the close…

TLT is up 19 cents and the Euro is down 7 pips in premarket trading…

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are lower in pre-market trading...

Dave’s Insight for Thursday: Continue to follow your rules…Stay with the trend… The short term counter trend which is down looks to be pulling back this morning, …Look for whether support holds or breaks and trade accordingly…

SPX
Resistance: 1,321, 1,330, 1,344
Support: 1,311, 1,300, 1,288

Quoting Down – GS, CMG, NDAQ, HAS, UCO, CAT, SNDK, CRM, MOS, POT, AGU, DE, CLF, SLB, WLT, FAS, ARUN, FCX, RVBD, MCP, VLO, X, SWN, V, TSL, JNPR, FSLR, PCLN, NFLX, GOOG, WYNN, AMXN, AAPL, FFIV, QCOM, RIMM, JOYG, XLNX, SBUX, GILD

Quoting Up – FAZ, SINA, ATI, CHKP