Futures Point to a Lower Open Heading into More Earnings...

BMO – ES -8.75 and NQ -16.50 futures are lower about 90 minutes before the open in pre-market trading and point to a lower open on Monday…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is quoting down 7 cents on 10,800 volume in pre-market…

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

Earnings season picks up this week with more than 400 companies reporting this week including:


Monday - HAL, HAS, IBM, MOS, STLD, SWK, WYNN and ZION
Tuesday – AAPL, ALTR, BAC, BTU, CMG, CSX, HOG, ISRG, JNJ, KEY, KO, RVBD, STT, STX, UNH, VMW, WFC, YHOO
Wednesday - AMLN, AMR, AMX, AXP, BIDU, CA, EBAY, EMC, FCX, FFIV, LCC, QCOM, STJ, UTX, WDC, XLNX

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

TLT is up 6 cents and the Euro is down 67 pips in premarket trading…

Dave’s Insight for Monday: Trade the chart…Follow your rules for entries…Earnings pickup this week so follow your rules for short term exits before earnings …Watch XLF as a key factor for to confirm this morning’s support bounce…

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

Quoting Down – NFLX, GOOG, CTXS, DLTR, BIDU, AMZN, ALXN, SRCL, AAPL, BIIB, NWSA, VOD, GMCR, SINA, CAT, CF, GS, ATI, WTW, CSTR, DE, CROX, SLB, UCO, ANF, CAM, TSL, FAS, FCX, NKE, TIF, ESI, ENTR, JNPR, ICE

Quoting Up – SLW, FAZ, FFIV, WLT, CDE, SMH, MCP, ISRG, CHKP, WYNN, FFIV, ORLY, CHRW