Futures Point to a Slightly Lower Open...GMCR, GRMN Gap Up, LVS, FSLR Gap Down...

Dave is teaching an AT Workshop in Newark, NJ with 225+ traders today and will be traveling this evening…See you there…

BMO – ES -1.50 and NQ -4.75 futures are lower about 90 minutes before the open in pre-market trading and point to a lower open… volume is light for pre-market with similar number of stocks quoting down and up…Financial stocks, XLF is quoting up 1 cents on 0 volume in pre-market…

Key Earnings this week:
Tuesday – CEPH, CMCSA, FSLR, MYL, HSIC, VRTX
Wednesday – ERTS, EXPD, GRMN, NWSA, BMC, WFMI
Thursday – DTV, PCLN, MCHP
Friday – WCRX

TLT is down 7 cents and the Euro is up 48 pips in premarket trading…

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

Dave’s Insight for Wednesday: Continue to follow your rules…Stay with the trend…The trend in still up, although a pullback or correction is occurring… It appears price it making a return move to its horizontal breakouts to test the current breakout…Continue to watch XLF for support of the SPX breakout of horizontal resistance…Manage your trades based on the price action you see on the charts…

SPX
Resistance: 1,367, 1,384
Support: 1,352, 1,344, 1,330

Quoting Down – FSLR, LVS, CMG, UCO, CLF, TSL, FCX, JEC, VMW, HLF, CRM, SLW, MOS, AGU, MICC, WYNN, CTXS, VRTX, JOYG, BBBY, AAPL

Quoting Up – GMCR, GRMN, ESI, WLT, HUM, SLB, VECO, FWLT, WDC, NTES, GOOG, PCLN, KLAC, BIDU, WFMI, CMCSA, QCOM, PCAR, AMZN, AMAT