Futures Point to a Higher Open...Look for Bull Flags Above the High of the Inside Day...

BMO – ES +8.75 and NQ +6.50 futures are higher about 10 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 19 cents on 434,500 shares in pre-market at this time…

TLT is down 55 cents and the Euro is up 3 pips in overnight trading…

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

Take some bull flag entries according to your rules above the high of the inside day in your paper trade account…Stronger up trending stocks with a bull flag setup include:  AMZN, AAPL, ORLY, AMGN, CERN, DLTR, COST, CELG, ALXN, GMCR, BBBY, ISRG, ROST, WFM, ATVI, FLIR, FAST, YHOO, LINTA, MXIM, MRVL, VRTX, SNDK, MU, INTC, KLAC, SBUX, BIIB, ORCL, ADSK, EBAY, ADBE, CMCSA, CTSH, LLTC, MCHP, NVDA, PCLN

Dave’s Insight for Monday:  Markets are bouncing off support…since the SPX is in a sideways trend and bouncing off support, this is the high probability expected move…the NDX is in an uptrend support bounce or bull flag…many stocks are breaking the high of the inside day…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: 1,146, 1,160, 1,177

Support: 1,134, 1,117, 1,100

Quoting Down – AAPL, FAZ, NTES, SLW, CHL, SWK, ESI, TLT, UCO, DLR, CDE, HLF, FFIV, COH, ADSK, COST, CHKP, SRCL, INTU, CHRW, CTSH, DTV, LIFE, MRVL

Quoting Up – NFLX, GOOG, AMZN, LNKD, CF, SINA, DECK, IBM, CRM, VMW, V, GMCR, SOHU, GS, ARUN, CLF, CAT, DE, SLB, MCP, V, LVS, POT, WLT, CREE, ATI, MOS, X, SNDK, ANR, NKE, FAS, C, RCL, HAL, FWLT, RVBD, CRUS, DOW, PCX, SWN, NGLS, JDSU, UAL, JNPR, STI, NVDA, PCLN, WYNN, BIDU, CERN, JOYG, FSLR, ALXN, MYL, WFM, TEVA, QCOM, ORCL, ERTS, VOD, EBAY, KLAC, EXPE, ALTR, NTAP, ADBE, MSFT