Futures Point to a Higher Open...Posture is Bullish...

BMO – ES +12.75 and NQ +22.25 futures are higher about 30 minutes before the open in pre-market trading and point to a higher open…volume is light for pre-market with more stocks quoting up than down…Financial stocks, XLF is up 22 cents on 59,700 shares  in pre-market at this time…

TLT is down -1.54 cents and the Euro is up 36 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:  Take the trade according to your rules…weekly candles and MACD indicate that this move is for real…position size for market conditions and remember premiums are high and selling strategies may be attractive…look for a potential break of resistance of the potential double bottom pattern in the 1,205 area … Posture did turn bullish on Friday, Green Line is above 20 and rising…Watch XLF as a key factor in any SPX move up or down…

SPX

Resistance: 1,177, 1,200, 1,225

Support: 1,160, 1,146, 1,134

Quoting Down – FAZ, HLF, TLT, HLF, HUM, NKE, A, SLW

Quoting Up – GOOG, PCLN, AAPL, NFLX, AMZN, BIDU, GMCR, CMG, LNKD, SINA, DECK, FFIV, CF, WLT, CAT, GS, CRM, SLB, IBM, UCO, TIF, DE, SOHU, CLF, MOS, MCP, HAL, URE, RCL, LVS, TBT, ANF, POT, FCX, WDC, CREE, X, FAS, DOW, C, SNDK, RVBD, SWKS, ARUN, CROX, COH, VMW, NETL, PCX, JDSU, JNPR, TSL, GLW, F, WYNN, FFIV, CHKP, LIFE, JOYG, INFY, RIMM, DTV, QCOM, BRCM, CERN, ORCL, NTAP