Futures Point to a Higher Open as Greek Debt Concerns Recede...

BMO – ES +12.00 and NQ +23.75 futures are higher about 20 minutes before the open in pre-market trading and point to a higher open on Tuesday… volume is moderate for pre-market with many more stocks quoting up than down…Financial stocks, XLF is quoting up 16 cents on 12,800 volume in pre-market…

TLT is down 26 cents and the Dollar is lower while the Euro is up 116 pips in premarket trading, following Friday’s 100+ pip rise in pre-market…With a lower dollar look for energy and commodity prices to be higher…

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

Dave’s Insight for Tuesday:  The SPX is breaking out in pre-market trading….remember that a gap up will sometimes pull back and test the gap before going higher…Continue to follow your rules…XLF is moving up supporting Tuesday’s early breakout…Watch XLF as a key factor whether the breakout continues…Manage your trades based on the price action you see on the chart you are trading…

SPX

Resistance: 1,344, 1,352, 1,367

Support: 1,330, 1,321, 1,310

Quoting Down – FAZ, URE, TLT

Quoting Up – PCLN, FSLR, AAPL, GOOG, BIDU, NFLX, AMZN, CF, SINA, UCO, WLT, GS, AGU, DECK, FFIV, SOHU, CAT, DE, MOS, MCP, CLF, SLB, POT, WTW, VMW, RVBD, GMCR, UNP, TLS, FCX, FAS, ANR, LVS, CAM, FWLT, PCX, X, SNDK, ICE, TIF, CREE, SLW, DOW, CRM, LDK, NVDA, NETL, CHL, V, SWN, JNPR, ILMN, JOYG, BBY, CTXS, ALXN, WYNN, SRCL, QCOM, NTAP, COST, ISRG, VRTX, EBAY, SBUX, TEVA, BMC, ORCL