Futures Point to a Lower Open...

BMO – ES -7.00 and NQ -9.75 futures are lower about 60 minutes before the open in pre-market trading and point to a lower open on Tuesday…volume is light for pre-market with more stocks quoting down than down…Financial stocks, XLF is quoting down 6 cents on just 20,700 volume in pre-market…

INFY -4.09 is gapping lower this morning… AA -0.09, NVLS -1.97 and MCHP -3.76 reported earnings on Monday…let the season begin…

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

TLT is up 21 cents and the Euro is down 157 pips in premarket trading…

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

Dave’s Insight for Tuesday: Monday’s R1, 1,331 on the SPX is key short term resistance to observe on any rally that might occur on Tuesday…Follow your rules for exits and stops…If you take bearish entries in an intermediate sideways trend, follow your entry rules…Watch XLF as a key factor for to see if buyers step in…

SPX
Resistance: 1,330, 1,344, 1,359
Support: 1,321, 1,310, 1300

Quoting Down – INFY, MCHP, SINA, ARUN, SLB, INFA, FFIV, SOHU, CAT, WLT, UCO, GMCR, AGU, CLF, CAN, NDE, ICE, SNDK, V, SMH, SLW, ANF, MOS, GS, RVBD, FCX, POT, TSL, URE, X, CREE, CHL, CPLN, GOOG, KLAC, NFLX, BIDU, AAPL, CTSH, LRCX, FFIV, AMZN, MXIM, GMCR, ROST, ALTR, VMED, WYNN

Quoting Up – HAS, NDAQ, WTW, CMG, ANR, CF, FAZ, GES, FAST, GILD