Futures Point to a Lower Open over Greece Concerns...

BMO – ES -12.00 and NQ -20.00 futures are lower about 40 minutes before the open in pre-market trading and point to a lower open on Wednesday…concerns over Greek debt, a 24 hour general strike and global economic concerns are being cited for the pre-market softness…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is quoting down 11 cents on 16,400 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…

TLT is up 23 cents and the Euro is down 155 pips in premarket trading …

Bounces Moved Higher on Tuesday: ICE, HUM, AGU, TPX, ATI, A, DHR, FCX, SLB, ESI, IAG, POT

Support Bounce Entry on Tuesday: ANF, SPY, ACN, ENTR, FWLT

Bull Flag Entry on Tuesday: UNP, VMW, TIF, CROX, GES, HLF, GMCR, KKD, MA, CMG

Support Bounce Setups for Wednesday: NVDA, ATW, RVBD, ARUN, CY


Bull Flag Setups for Wednesday: CHL, NFLX, INFA, CRM, WTW, MRVL, CF, COH


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

Dave’s Insight for Wednesday: Watch the pullback this morning, which is not uncommon after a strong up day, as long as price stays above support we will expect the bounce to resume…Continue to follow your rules and take trades accordingly…Watch XLF as a key factor whether the bounce continues after a test of support…

SPX
Resistance: 1,288, 1,300, 1,310
Support: 1,278, 1,267, 1,257

Quoting Down – TIF, CMG, WLT, CRM, SINA, SLB, CF, VMW, CLF, CAT, SOHU, UCO, GMCR, POT, DE, URE, X, CROX, ANR, FAS, V. FCX, MOS, SLW, SWN, SNDK, SWKS, GES, DECK, LVS, PCX, DHR, TSL, PCLN, GOOG, AAPL, ISRG, BIDU, AMZN, JOYG, NFLX, FSLR, GMCR, QOCM, TEVA

Quoting Up – FAZ, HUM, MCP, ARUN, ACN, BMC, ALXN, WYNN, ESRX, NTAP