Futures Point to a Slightly Higher Open...

Dave will teach in the Basic Options Trading room tomorrow morning, Tuesday at 9 am EDT a half hour before the market open for those that have been requesting to hear him teach a Basic Options trading room...


1:15 pm EDT - Big money buyers step in as expected...SPY +1.07...SPX +0.87%...


Dave will be teaching his AT Trading Room tonight and his Thursday Stocks Trading Room Thursday morning, AT Trading Room Thursday evening and will be in the Weekly Wrap on Friday...


BMO – ES +1.50 and NQ +4.25 futures are higher about 30 minutes before the open in pre-market trading and point to a slightly higher open on Monday…volume is light for pre-market with a more stocks quoting up than down…Financial stocks, XLF is quoting up 1 cent on 1,700 volume in pre-market…

TLT is down 18 cents and the Euro is up 8 pips in premarket trading …

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

Dave’s Insight for Monday:  With the broad indexes near recent support of 1,258 and after forming weekly bullish candles last week, look for big money to buy at these levels again, while staying prepared if price does break support…watch price in relationship to Thursday’s S1 which is short term support on many stocks…earnings season starts in two weeks …follow your rules, take trades accordingly … Continue to watch XLF as a key factor for a support bounce to happen…

SPX

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

Support: 1,267, 1,257, 1,244

Quoting Down – UCO, HLF, SWN, CRM, CHL, ACN, CLF, FCX, A, NFLX, WFM, LRCX, TEVA, CMCSA, ESRX

Quoting Up – SINA, CMG, DECK, SWK, CF, SOHU, AGU, CROX, ESI, GMCR, LDK, MCP, GS, NGLS, AMZN, AAPL, ISRG, DTV, ROST, BIDU, GOOG, GILD, ALTR, FSLR, WYNN, HSIC, JOYG