Futures Point to a Support Bounce and Higher Open...

BMO – ES +13.75 and NQ +20.00 futures are higher about 40 minutes before the open in pre-market trading and point to a higher open on Tuesday… volume is moderate for pre-market with more stocks quoting down than up…Financial stocks, XLF is quoting up 13 cents on 251,100 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 down 85 cents and the Euro is up 32 pips in premarket trading …

Bounces Moved Higher on Monday: ICE, HUM

Bounces Pulled Back on Monday: AGU, TPX, ATI, A, DHR, FCX, SLB, ESI, IAG, POT

Support Bounce Setups for Tuesday: ANF, SPY, NVDA, ATW, RVBD, ACN, ENTR, FWLT, ARUN, CY

Bull Flag Setups for Tuesday: UNP, VMW, TIF, CHL, CROX, GES, HLF, GMCR, KKD, MA, NFLX, CMG, INFA, CRM, WTW, MRVL, CF, COH, HANS

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

Dave’s Insight for Tuesday: The SPX formed a bullish harami and closed Monday, at its 1,270 support level and is bouncing in pre-market trading…NDX leaders are stronger this morning…early trading looks like another potential support bounce…Continue to follow your rules and take trades accordingly…Watch XLF as a key factor whether the bounce continues or another reversal occurs…Manage your trades based on the price action you see on the chart you are trading…

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

Quoting Down – FAZ, TLT, DHR, WTW, WYNN

Quoting Up –PCLN, AAPL, GOOG, NFLX, BIDU, AMZN, FFIV, CTXS, JOYG, SINA, FFIV, CMG, CRM, WLT, DECK, SOHU, VECO, CAT, MOS, MCP, CLF, GS, DE, CAM, VMW, UNP, SLB, ANR, POT, FCX, CY, SMH, SNDK, LVS, FAS, URE, X, GMCR, WDC, HUM TBT, ZION, SWK, SWKS, JDSU, UCO, V, TIF, TSL, PCX, SLW, UAL, CREE, ALTR, FSLR, INFY, SHLD, QOCM, SNDK, NTAP, AMGN, ORCL, CTSH, BRCM, ERS, RIMM, STX