Futures Point to a Flat Open...

BMO – ES -0.25 and NQ +3.00 futures are mixed about 35 minutes before the open in pre-market trading and point to a flat open…volume is moderate for pre-market (BAC and FAS heavy volume) with similar number of stocks quoting down and up…Financial stocks, XLF is up 8 cents on 153,100 shares in pre-market at this time…

TLT is down 33 cents and the Euro is down 6 pips in overnight trading…

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

Dave’s Insight for Tuesday: Monday’s gap did fill…and Once again US traders did see Monday’s open as a buying opportunity similar to last Tuesday just as we suggested in yesterday morning’s Insight...The five week trend is sideways and the two day down term trend found support… …protect bearish profits if the support bounce follows through…Take the trade according to your rules for any entries that occur on Tuesday…Continue to trade with the short term bounce if it follow through…Watch XLF as a key factor in any SPX move up or down…

SPX
Resistance: 1,146, 1,160, 1,177
Support: 1,134, 1,119, 1,103

Quoting Down – FAZ, DLR, CMG, SLB, NKE, NTES, MOS, IBM, TIF, RCL, TLT, RVBD, WYNN, WFM, QCOM, CHKP, GRMN, CTRP, HSIC, TEVA, LRCX, FSRL, VMED, LINTA

Quoting Up – WLT, PCLN, GOOG, AAPL, JOYG, SOHU, UCO, FFIV, CF, LNKD, SINA, GMCR, HAL, FCX, FFIV, AMZN, BIDU, WCRX, GMCR