Futures Point to a Higher Open...

BMO – ES +16.00 and NQ +34.00 futures are higher about 80 minutes before the open in pre-market trading and point to a higher open…volume is light for pre-market with many more stocks quoting down than up…Financial stocks, XLF is up 25 cents on 44,500 volume in pre-market…

TLT is down 54 cents and the Euro is up 41 pips in premarket trading…

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

Dave’s Insight for Monday:  Follow your rules for divergence, double bottom or higher low trades…position size for market conditions and remember premiums are high and selling strategies may be attractive…remember gaps have a tendency to at least partially fill sometime in the first hour…Posture could turn bullish today, Green Line is still above 20 and on a reversal could turn back up…Follow your rules for entries this morning for bullish and bearish trades… A good technical trader is objective and trade each chart according to their rules…Watch XLF which is still a key factor in any SPX move up or down…

SPX

Resistance: 1,134, 1,146, 1,158

Support: 1,119, 1,103, 1,080

Quoting Down – FAZ, TLT

Quoting Up – GOOG, PCLN, AAPL, NFLX, BIDU, WYNN, GMCR, AMZN, JOYG, CF. VMW, CMG, GMCR, SINA, CRM, DECK, WLT, SOHU, GS, CLF, FFIV, MCP, CAT, SLB, POT, MOS, V, DE, ANF, FCX, NKE, HUM, CHL, UNP, ANR, TIF, WTW, ACN, CAM, AGU, X, SLW, LVS, C, CDE, CROX, FWLT, FAS, A, PCX, CREE, DLR, STI, RVBD, ARUN, SNDK, GLW, TSL, ATW, JDSU, SMH, WDC, UCO, DOW, CRUS, DHR, NVDA, ZAGG, F, FFIV, WFM, NTAP, QCOM, ISRG, VOD, SHLD, EXPE, ADS, INFY, RIMM