Futures Point to a Lower Open...

BMO – ES -4.00 and NQ -4.75 futures are lower about 30 minutes before the open in pre-market trading and point to a lower open on Wednesday… volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is quoting down 2 cents on 192,100 volume in pre-market…

TLT is down 37 cents and the Dollar is higher while the Euro is down 41 pips in premarket trading…

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

Dave’s Insight for Wednesday:  The SPX is near Monday’s low 1,312…If support breaks, look for a move to the next support level 1,300… Continue to follow your rules…Watch XLF as a key factor whether support holds or breaks…Manage your trades based on the price action you see on the chart you are trading…A break above the high of the low day on the SPY is 132.46 as of Monday but today may become a new low day…

SPX

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

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

Quoting Down – MCP, ICE, CRM, ANF, NETL, JNPR, TLT, SNDK, GS, UCO, URE, CAN, TIF, CAT, AGU, CF, ISRG, COST, CERN, ILMN, VRTX, PCLN, FSLR, TEVA, NFLX, BBBY, AMZN, AMAT

Quoting Up – ANR, SOHU, SINA, CREE, SLW, ESI, FAZ, MHS, CLF, AAPL, WYNN, SHLD, ORLY, MICC, ADSK