Futures Point to a Higher Open...

BMO – ES +5.25 and NQ +16.00 futures are higher about 20 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 6 cents on 83,000 shares in pre-market at this time…

TLT is down 18 cents and the Euro is up 21 pips in overnight trading…

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

Intermediate term posture is still bullish.

Dave’s Insight for Tuesday:  The SPY is still near resistance and can either breakout or pull back…be prepared for a move in either direction…stay with the short-term up trend…move stops to protect profits…look for flag and breakout entry signals according to your rules…remember to trade for your target and move your stop according to your rules…Watch XLF as a key factor in any SPX move up or down…

SPX

Resistance: 1,225, 1,235, 1,249

Support: 1,200, 1,177, 1,160, 1,146

Quoting Down – PCLN, MCP, COH, ANF, ICE,DECK,NTES, FAZ, NDAQ, CHL, HUM, CRUS, NKE, CREE, CRM, ROST, CHKP, NFLX, FAST, CA, GILD, MYL, VMED, XLNX, WCRX, CELG, INFY

Quoting Up – AAPL, GOOG, SINA, RCL, TPX, DE, SOHU, CAT, VECO, VMW, WLT, CLF, JNPR, CROX, A, HAL, SLB, IBM, ATI, RVBD, SWN, ANR, LVS, SWKS, GMCR, WYNN, JOYG, SHLD, BIDU, WFM, BIIB, BRCM, QCOM, ORCL