Futures Higher as XLF Up...

BMO – ES +2.75 and NQ +13.25 futures are higher about 15 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with more stocks quoting down than up…Financial stocks, XLF is up 15 cents on 302,700 shares in pre-market at this time…

TLT is down 35 cents and the Euro is down 21 pips in overnight trading …

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

IBM and CROX are lower…

BAC +0.32 reported before the open…

ANR, ATI, MOS paper trade will use submit at time after open to see early trend development…

Oct 17 – 21 Earnings Highlights of Interest:

Monday – C, HAL, HAS, IBM, SWK, STLD, VMW, WFC

Tuesday – AAPL, BAC, CHKP, CREE, CSX, INTC, ISRG, JNJ, JNPR, LLTC, STT

Wednesday – AXP, AMR, APOL, CRUS, EBAY, FCX, LRCX, RVBD, TRV, UAL, UTX, WDC, WYNN, XLNX

Thursday – ALXN, ALTR, T, CY, FLEX, INFA, ESI, KELY, MXIM, MSFT, PCX, SNDK, ST, TPX

Friday – MCD, SLB, STI, VZ

Dave’s Insight for Tuesday:  lower Euro…weaker bonds…Financials up…setting up a slightly higher open …With the SPX at the 1,200 support, watch for a potential breakout to the downside following Monday’s break of the low of the high day …Follow your entry signals and take trades according to your rules…Watch XLF, TNX, volume and breadth as key factors in any SPX move…move stops on profitable trades…

SPX

Resistance: 1,216, 1,230, 1,249

Support: 1,205, 1,177, 1,160

Quoting Down – CROX, IBM, DECK, SINA, HUM, CRM, SOHU, FAZ, GMCR, NKE, CLF, LNKD, SLW, ESI, NTES, TPX, ESI, WLT, FCX, X, MOS, CDE, ICE, TIF

Quoting Up – VMW, GS, SWK, SLB, URE, CAT, STI, ZION, VECO, RCL, FAS, CHL, C, MCP, BAC