Futures Point to a Lower Open...

BMO – ES -2.50 and NQ -5.75 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 with more stocks quoting down than up…Financial stocks, XLF is quoting down -7 cents on 132,100 volume in pre-market…

TLT is up 30 cents and the Euro is down -20 pips in premarket trading…

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

Dave’s Insight for Tuesday:  The SPX closed at support and looks to open below this morning suggesting the potential to move lower to 1,300…Trade a breakout if it occurs according to your rules…Many stocks are consolidating and others have already broken support and are headed lower…Continue to follow your rules…Continue to watch XLF for support of a SPX bounce…Manage your trades based on the price action you see on the chart you are trading…Horizontal support on SPY is 133 and it is below that in pre-market trading…

SPX

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

Support: 1,330, 1321, 1,310

Quoting Down – CTRP, PCLN, GOOG, NFLX, TSL, MCP, CRM, CAT, DE, UCO, URE, WLT, MOS, JDSU, SLB, NYX, TBT, PCX, ARUN, LDK, FAS, SLW, AMZN, ALXN, AAPL, TEVA,MCHP, AKAM, DELL INTC

Quoting Up – TLT, GMCR, FAZ, SINA, VOD, MICC, URBN