Futures Point to a Hgher Open...

BMO – ES +7.25 and NQ +19.25 futures are higher about 75 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 41,100 shares in pre-market at this time…

TLT is is down -1.24 and the Euro is up 119 pips in overnight trading …After pausing above Monday’s S1 on Tuesday the bounce is continuing in the Euro …

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

Dave’s Insight for Wednesday: higher Euro…weaker bonds…Financials up…leading to a higher open …With the SPX near resistance and many individual stocks stronger and Tuesday’s pause staying above Monday’s S1, stocks are poised to move higher…look for stocks to move towards the 1,205 and 1,216 resistance …Wait for your entry signals before taking new trades this morning…Watch XLF, volume and breadth as key factors in any SPX move…move stops on profitable trades…

SPX
Resistance: 1,205, 1,216, 1,230
Support: 1,177, 1,160, 1,146

Quoting Down –HLF, ESI, TLT FAZ, FSLR, BIIB

 Quoting Up – PCLN, GOOG, AAPL, INFY, AMZN, SOHU, CF, FFIV, SINA, POT, MOS, DE, IBM, WLT, CAT, SLW, SNDK, GS, MCP, DOW, SLB, DLR, UCO, RCL, TBT, HAL, V, LVS, LNKD, FCX, TIF, ANR, C, FAS, X, NVDA, WYNN, GILD, DLTR, BIDU, JOYG, SNDK, EBAY, BMC,SRCL, CTRP, CTSH, COST