Futures Point to a Higher Open...PCLN Continues to Rebound...EBAY Up...

Dave will be at the Las Vegas Money Show at Caesar's Palace with Tom on Tuesday evening at 7 pm PDT. See you there...

BMO – ES +4.50 and NQ +8.50 futures are higher about 20 minutes before the open in pre-market trading and point to a higher open… volume is moderate for pre-market with more of stocks quoting up than down…Financial stocks, XLF is quoting up 3 cents on 11,000 volume in pre-market…

TLT is down 22 cents and the Euro is down 6 pips in premarket trading…

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

Dave’s Insight for Tuesday: Stay with the current bull flag support bounce…Continue to follow your rules…Stay with the trend… Continue to watch XLF for support of the SPX bounce…Manage your trades based on the price action you see on the charts…

SPX
Resistance: 1,344, 1,352, 1,367
Support: 1,330, 1,321, 1,311

Quoting Down – UCO, TSL, MCP, NYX, NDAQ, FAZ, MSFT, RIMM, QGEN, VOD

Quoting Up – PCLN, GOOG, MICC, WYNN, EBAY, AAPL, SOHU, CRM, CAT, SINA, WLT, GMCR, DE, HLF, VMW, SLW, POT, URE, MOS, SLW, X, FCX, CLF, ATI, SNDK, UNP, CHL, GS, JOYG, NFLX, CTRP, AMZN, FFIV, ALXN, VRTX, WFMI, BIDU