Futures Point to a Higher Open

BMO – ES +6.25 and NQ +13.00 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 10 cents on 24,800 shares in pre-market at this time…

TLT is down 56 cents and the Euro is up 20 pips in overnight trading…

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are quoting higher…

Dave’s Insight for Wednesday: Tuesday was the support bounce entry day when prices broke above the high of the low day oN Monday…Take additional entries that break above the high of the low day or break out of horizontal resistance according to your rules…Continue to trade with the short term bounce as it follows 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 – HUM, FAZ, UCO, TLT, URE, DHR, BIIB, ALXN, ADSK, BMC, LRCX, WFM

Quoting Up – CF, GOOG, JOYG, AAPL, SINA, CHL, CMG, WLT, CAT, CLF, IBM, MCP, FFIV, ANF, LNKD, VMW, ANR, DECK, SOHU, TIF, MOS, CROX, GMCR, ZAGG, V, SWKS, POT, SLB, NVDA, LVS, C, X, SMH, JNPR, PCX, FAS, GS, ARUN, JDSU, CIEN, INFY, WYNN, AMZN, PCLN, BIDU, NFLX, SBUX, GMCR, QCOM, ESRX, DELL, FSLR, TEVA, YHOO, ORCL