Futures Point to a Lower Open as AMZN, TPX and LVS Gap Up...

BMO – ES -4.50 and NQ -12.75 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open on Wednesday…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF down 10 cent on just 2,200 volume in pre-market…

TLT is down 25 cents and the Euro is down 56 pips in premarket trading…

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

AMZN, TPX, LVS are gapping up after earnings…JNPR and ILMN are gapping lower…

Dave’s Insight for Wednesday:  The SPY/SPX are drifting lower and you must follow your rules to protect profits and exit trades according to your rules…Price is below Thursday’s S1 and may open below its S2 which are key short term support levels…Earnings reactions continue to gap up and gap down…Follow your rules for entries and exits…Trade each chart according to your rules…Watch XLF is lower this morning and is still a key factor as to whether when the SPX will reverse its current pull back…

SPX

Resistance: 1,344, 1,359, 1,370

Support: 1,330, 1,321, 1310

Quoting Down – JNPR, ILMN, WTW, ATI, FFIV, VMW, CMG, CRM, NTEL, WLT, SINA, CIEN, GS, UCO, SLV, CAT, GLW, PCX, AGU, MOS, ARUN, MHS, MCP, UNP, RVBD, ANR, JDSU, CLF, TLT, FAS, DE, V, POT, FWLT, SWKS, V, CREE, URE, NKE, SNDK, CTXS, GOOG, CHKP, AAPL, LLTC, CHRW, BIDU, FFIV, LIFE, FSLR, ESRX, PCLN, ALTR, VMED, RIMM, MXIM, DTV, QCOM

Quoting Up – AMZN, TPX, LVS, ESI, DOW, FAZ, GMCR, SLW, VECO, NDAQ, NTES, CSTR, SOHU, TBT, CROX, NFLX, WYNN, CTSH, SIAL, SBUX, WFM, ERTS