Futures Point to a Higher Open...

BMO – ES +19.00 and NQ +34.75 futures are higher about 30 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with a many more stocks quoting up than down…Financial stocks, XLF is up 21 cents on 263,100 shares in pre-market at this time…

TLT is down -1.88 and the Euro is up 59 pips breaking above the high of the low day which was Monday …

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

Take some bull flag entries according to your rules above the high of the inside day in your paper trade account… Many of the stocks, ORLY, AMGN, CERN, DLTR, COST, ALXN, BBBY, AMZN, ISRG, ROST, WFM, ATVI, FLIR, YHOO, MRVL, SNDK, MU, INTC, KLAC, BIIB, ORCL, EBAY, ADBE, CMCSA, CTSH and LLTC, in our bull flag setup list gave entry signals on Monday or Friday.

Look at the remaining stocks for a potential entry signal on Tuesday: AAPL, CELG, GMCR, FAST, LINTA, MXIM, VRTX, SBUX, ADSK, MCHP, NVDA, PCLN, CMG, CF, ICE, COH, CRUS


Dave’s Insight for Tuesday: Stocks continuing support bounce…many stocks that did not break the high of the inside day on Monday…look to do so today…for those stocks in a bull flag, this is an entry signal…other stocks are in a counter trend move…as always take entry signals according to your rules…remember to trade for your target and move stops to protect profits according to your rules…Watch XLF, volume and breadth as a key factors in any SPX move up or down…remember pre-market gaps can at least partially fill during the first hour, so follow your rules...


SPX
Resistance: 1,160, 1,177, 1,200
Support: 1,146, 1,134, 1,117

Quoting Down – FAZ, TLT, ICE, GES, INFA, DHR, NDAQ, ATI, DLR, HUM, NKE, LRCX, GRMN, GILD, CTRP, CERN

Quoting Up – AAPL, AMZN, BIDU, GOOG, NFLX, PCLN, QCOM, CMG, CRM, DECK, SINA, LNKD, CAT, MCP, FFIV, GMCR, MOS, DE, CLF, CF, ANF, IBM, WLT, VMW, GS, NTES, SLW, SOHU, TIF, POT, SLB, FCX, URE, LVS, SWK, V, CRE, HAL, UCO, OCH, RCL, SWN, ANR, C, X, CDE, FAS, TBT, SNDK, PCX, CROX, FWLT, ARUN, DOW, SWKS, NVDA, WDC, CIEN, HLF, JNPR, UAL, ZION, TSL, RVBD, WYNN, ISRG, FSLR, JOYG, CELG, MCHP, ALXN, QCOM, CTXS, DLTR, COST, BBY, WFM, EXPE, ORCL, SBUX, EBAY, NTAP, ALTR, FLIR, NWSA, LLTC, BRCM, AKAM, VOD, KLAC