Futures Point to a Lower Open Following Lower Trading in Asia and Europe...

BMO – ES -25.00 and NQ -47.25 futures are lower about 90 minutes before the open in pre-market trading and point to a lower open, following Asia and European trading lower…global economic growth and debt are reported as concerns once again …volume is moderate for pre-market with many more stocks quoting down than up…Financial stocks, XLF is down 34 cents on 12,900 volume in pre-market…

TLT is up 1.51 and the Euro is down 58 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 Thursday:  Pre-market action suggests a pull back to the 1,170 support area…watch if this level of support holds…remember gaps have a tendency to at least partially fill sometime in the first hour…Posture was bullish on Wednesday, watch for a potential shift to bearish…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: 1,200, 1,225, 1,235

Support: 1,173, 1,158, 1,146

Quoting Down – PCLN, NFLX, GOOG, NTAP, AAPL, BIDU, ISRG, DLTR, AMZN, FFIV, FSLR, CRM, CMG, VMW, CF, FFIV, DECK, GS, CREE, GMCR, CLF, CAT, SLB, MCP, UCO, DE, MOS, V, GES, LVS, POT, RVBD, TIF, FCX, FAS, C, SWKS, NKE, X, TBT ARUN, SMH, ANR, PCX, ANF, COH, DOW, JNPR, MHS, HLF, CROX, NVDA, STI, F, GLW, CRUS, BAC, CIEN, JOYG, ROST, CTXS, BRCM, QCOM, SNDK, ORCL, APOL, TEVA, RIMM, MSFT, VOD, SBUX, AKAM, ILMN, VRTX, ST, AMGN, INTC, ESRX, DELL, CSCO

Quoting Up – FAZ, TLT, SINA, SOHU, ESI, SWK