Futures Point to a Higher Open...

Dave will be traveling home this evening from San Diego after teaching Advanced Technical Analysis to 250+ traders on Thursday and Friday...


BMO - ES +3.50 and NQ +9.25 point to a higher open about 20 minutes before the open with a similar number of stocks quoting up and down on moderate pre-market volume ...Financials XLF is up 3 cents on 146,200 shares in pre-market after forming a hammer on Thursday at a higher low above the support of the last two weeks...the Euro is down 34 pips...

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

Dave's Insight for Friday: Thursday’s support bounce looks to continue at the open...Continue to follow your rules on entries and exits... Momentum has changed from downward to flat over the past two weeks and is now shifting back to the upside…One Green Arrow trades on the 30 DMA are once again a Green Light or Go…Watch XLF for the strength of the bounce in the SPX…

SPX
Resistance 1,300, 1,310, 1,321
Support 1,288, 1,278, 1,267

Quoting Down: ATI, DECK, UAL, ESI, TIF, VMW, COH, VECO, UCO, WTW, NTES, V, NKE,NDAQ, SNDK

Quoting Up: SINA, CMG, CAN, MCP, MOS, TPX, CLF, CHL, FCX, ENTR, WLT, GS, POT, RVBD