Futures Reverse to Mixed Open...ALXN, RVBD Gap Up...CRUS, EBAY, LRCX, WDC, WYNN Gap Down...

BMO – ES -0.50 and NQ -4.50 futures are lower about 7 minutes before the open in pre-market trading and point to a mixed open…volume is moderate for pre-market with more stocks quoting up than down…Financial stocks, XLF is down 1 cent on 83,400 shares in pre-market at this time…

TLT is down 75 cents and the Euro is up 10 pips in overnight trading …

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

After earnings
Gap Down: CRUS, EBAY, LRCX, WDC and WYNN
Gap Up: ALXN, RVBD

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 Thursday: slightly higher Euro…weaker bonds…Financials flat…setting up a flat open …With the SPX still in the 6 day 1,200 to 1,225 trading range, watch for a signs of a potential breakout of either side of the range … 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…Trade Gaps that meet your rules…

SPX
Resistance: 1,216, 1,230, 1,249
Support: 1,205, 1,177, 1,160

Quoting Down – WYNN, BIDU, CRUS, WDC, FAZ, TLT, SINA, NVDA, LRCX, EBAY, CTSH, KLAC, MRVL

Quoting Up – ALXN, PCLN, RVBD, ESI, WLT, FFIV, MCP, HLF, CRM, IBM, CLF, CMG, POT, DE, RCL, CAT, MOS, SLB, ARUN, DECK, V, GMCR, PCX, C, HAL, JNPR, TBT, SWN, FAS, GS, FCX, GOOG, AAPL, HSIC, NFLX, AMZN, ISRG, VOD, DLTR, CERN, QCOM, JOYG