Futures Point to a Slightly Higher Open...

BMO – ES +1.00 and NQ +6.75 futures are higher about 30 minutes before the open in pre-market trading and point to a flat to slightly higher open… volume is light to moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF is flat in pre-market…

In addition to SPY, DIA, QQQ and IWM here are a few of the many bull flag patterns as of Friday:

Friday End of Day Bull Flag Entry Signals – CROX (Wed.), HUM, NVDA, SINA, VECO, CTRP, XRAY, EXPE, ILMN, MICC, CHKP

Additional Bull Flag Entries – TUP

Bull Flag Setups – A, ACN, AMD, ARUN, ATI, CAT, CIEN, CROX, CSTR, CY, DHR, DLR, DOW, F, GES, GLW, GMCR, MCP, NYX, SMH, SNDK, SWKS, SWN, TIF, UNG, UNP, URE, V, VMW, WDC, ISRG, WYNN, BIDU, EXPD, CTXS, ALTR, FFIV, BBBY, LLTC, ILMN, AMZN, QCOM, PCLN, ESRX, DTV, CELG

TLT is down 30 cents and the Euro is down 36 pips in premarket trading and as of this moment forming a live inverted hammer…

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

Dave’s Insight for Monday:  Many bull flags gave intra-day entries and then pulled back, leaving the setup in place for a possible entry on Monday… Follow your rules…Stay with the trend…Look for re-entry this morning if buying pressure pushes price back in the direction of the intermediate term up trend…SPX is near unchanged as XLF is unchanged…Manage your trades based on the price action you see on the charts…

SPX

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

Support: 1,330, 1321

Quoting Down – CMG, SINA, V, UAL, TLT, ANF, SOHU, ALXN, GOOG, SPLS, AMGN

Quoting Up – MICC, NFLS, JOYG, VRTX, UCO, ATW, WLT, CLF, SLW, CAT, WDC, CDE, FCX, SNDK, X, ESI, TIF, DE, MCP, POT, SLB, PCX, HUM, FFIV, AAPL, AMZN, VIDU, WYNN, TEVA, APOL, CTSH, PCLN, WFMI, VOD, SBUX, QCOM, VMED, XLNX