Futures Point to a Flat Open...

BMO – ES -0.75 and NQ -2.00 futures are slightly lower about 10 minutes before the open in pre-market trading and point to a flat open on Thursday…volume is light for pre-market with a similar number of stocks quoting down and up…Financial stocks, XLF is quoting down 2 cents on 512,400 volume in pre-market…



It’s time to change from the June M contracts on the ES and NQ to the U September futures contracts…Friday is quarterly expiration…June index contracts end trading with today’s close.

TLT is up 31 cents and the Euro is down 25 pips in premarket trading …

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

Dave’s Insight for Thursday: After Wednesday’s pullback and test of short term support the market is near flat this morning, as long as price stays above support we will look for another bounce…if price breaks support look for a move to the next level…Continue to follow your rules and take trades accordingly…Watch XLF as a key factor whether a bounce will occur after a test of support…

SPX
Resistance: 1,278, 1,288, 1,300
Support: 1,267, 1,257, 1,249

Quoting Down – ISRG, PCLN, DECK, JDSU, UCO, CIEN, GES, GS, CROX, TSL, WYNN, CTSH, NFLX, CTXS, VMED, TEVA

Quoting Up – SHLD, BBBY, FISV, ADSK, CERN, BIDU, APOL, ICE, SINA, ESI, SOHU, MCP, ARUN, FFIV, CLF, KKD, URE, KLAC, PAYX, AAPL, MXIM, AMZN, NTAP, FAST