Futures Point to a Higher Open...Ride the Bounce Continuation...

BMO – ES +5.50 and NQ +7.75 futures are higher about 25 minutes before the open in pre-market trading and point to a higher open on Tuesday…volume is moderate for pre-market with a more stocks quoting up than down…Financial stocks, XLF is quoting up 10 cents on 297,500 volume in pre-market…

TLT is down 27 cents and the Euro is up 70 pips in premarket trading …

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

Dave’s Insight for Tuesday:  Buyers are buying…trade the support bounce according to your rules and stay prepared to trade any break of support…Continue to follow your rules, define risk and take trades accordingly… Watch XLF as a key factor for a support bounce to occur…

SPX

Resistance: 1,278, 1,288, 1,300

Support: 1,267, 1,257, 1,249

Quoting Down – VMW, FAZ, ICE, NTES, HLF, ESRX, ISRG, GRM, DTV, SIAL

Quoting Up – CMG, SINA, SOHU, WLT, CRM, CF, CAT, MOS, MCP, CLF, GMCR, AGU, DE, UCO, RVBD, DECK, ANR, POT, MHS, FCX, GS, CSTR, CROX, V, ARUN, FAS, WTW, CREE, DOW, ANF, SLB, ATI, TIF, A, X, GOOG, VIDU, BIIB, AAPL, JOYG, AMZN, WYNN, CTRP, NFLX, GMCR, BBBY, WFM, TEVA, LINTA, RIMM,ROST, COST, QGEN, ADBE, AMGN