Futures Point to a Higher Open...

BMO – ES +4.00 and NQ +3.75 futures are higher about 60 minutes before the open in pre-market trading and point to a higher open on Thursday… volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is quoting flat on 92,900 volume in pre-market…

GES +5.00 and TIF +2.19 are Gapping Up this morning following earnings…

TLT is down 52 cents and the Dollar is higher while the Euro is up 85 pips in premarket trading…

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

Dave’s Insight for Thursday:  The SPX bounced off support and formed a small bullish candle…pre-market trading is up and suggests a support bounce continuation… Continue to follow your rules…Watch XLF as a key factor whether support continues…Manage your trades based on the price action you see on the chart you are trading…A break above the high of Monday on the SPY is 132.46 and it is trading above that level at this moment…Wednesday is a new low day by 21 cents but gives a higher entry, not lower…

SPX

Resistance: 1,321, 1,330, 1,344

Support: 1,310, 1,300, 1,288

Quoting Down – ICE, GMCR, TLT, SLW, ANF, ALTR, FSLR, BRCM, INTU, TEVA, ROST, CHKP

Quoting Up – GES, TIF, PCLN, NTAP, WFM, NFLX, SINA, SMH, HLF, CAT, ESI, WLT, ANR, LVS, MOS, POT, AGU, DE, CLF, MCP, BIDU, MICC, WYNN, AAPL, CTSH, QCOM, ILMN, AKAM, AMZN, CELG, CTXS, ORCL