Futures Point to a Higher Open Following JPM Earnings...GOOG Reports ATM...

BMO – ES +4.00 and NQ +12.00 futures are higher about 30 minutes before the open in pre-market trading and point to a higher open on Thursday…volume is light for pre-market with more stocks quoting up than down…Financial stocks, XLF is quoting up 12 cents on 499,100 volume in pre-market…GOOG reports earnings after the close today…

JPM +1.15 reported earning BMO and is gapping up…

On Wednesday Bull Flag Patterns on SINA, TIF, CMG, ESI, FCX, SOHU, LULU, AAPL, and NFLX bounced and are now potential resistance Breakout Setups…

Many stocks are still in Bull Flag Patterns this week and may give entry signals this morning including: VMW, DE, CROX, INFA, TPX, CRM, HLF, NETL, ATW, NGLS, ACN, ARUN, FFIV, ICE, A, AKS, CAM, CAT, COH, CRUS, DLR, NKE, NTES, SLB, UNP, WDC, ZION, FAS, MOS, NDAQ, URE, V, X, DHR, SWK, F, WTW, SPY, DIA, QQQ, IWM, HANS...

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

Focus on the charts you are trading and your rules…do what they show you to do…

TLT is down 74 cents and the Euro is up 1 pip in premarket trading…

Dave’s Insight for Thursday: The market bounced on yesterday and looks to follow through this morning…There are still many Bull Flag Setups and a few Breakout Setups on the charts…Follow your rules for entries… …Watch XLF, which is up following JPM earnings this morning, as a key factor for to confirm a support bounce…

SPX
Resistance: 1,321, 1,330, 1,344
Support: 1,310, 1300, 1,288

Quoting Down – ESI, ANF, FAZ, AGU, CRM, TLT, URE, MCP, GMCR, CROX, CREE, ISRG, VRTX, ILMN, ESRX, BIIB, ERTS, PAYX, DTV, GMCR, BBBY

Quoting Up – CY, AAPL, GOOG, PCLN, CMG, GS, FFIV, HUM, VMW, CF, SINA, SLW, UCO, NGLS, SOHU, POT, CDE, FAS, WLT, DE, WTW, CLF, CAT, DLR, TBT, SLB, MOS, LVS, CAT, ANR, IAG, FCX, SNDK, GES, X, FFIV, JOYG, CERN, AMZN, WYNN, GILD, SIAL, CTXS, INFY, NFLX, XLNX, BIDU, KLAC, XRAY, ADP, PCAR, FSLR, ROST