Futures Point to a Lower Open as Earnings Season Ramps Up...C Up...

10:00 am EDT - SPY, XLF. TNX lower...trading volume is light to moderate...watch for a break of the low of the high day and follow your entry and exit signals according to your rules...



BMO – ES -4.75 and NQ -16.25 futures are lower about 25 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 10 cents on 135,500 shares in pre-market at this time…

TLT is up 30 cents and the Euro is down 97 pips in overnight trading …

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

C, WFC and HAL reported before the open…

Oct 17 – 21 Earnings Highlights of Interest:

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

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

Wednesday – AXP, AMR, APOL, CRUS, EBAY, FCX, LRCX, RVBD, TRV, 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 Monday:  lower Euro…stronger bonds…Financials down…setting up a lower open …With the SPX at the 1,224 resistance, watch for a potential breakout …Follow your entry signals and take trades according to your rules…Watch XLF, volume and breadth as key factors in any SPX move…move stops on profitable trades…

SPX

Resistance: 1,230, 1,249

Support: 1,216, 1,205, 1,177

Quoting Down – SINA, CREE, LNKD, WDC, WLT, VECO, CMG, IBM, RCL, MCP, NGLS, DE, TIF, HAL, FCX, CRM, GS, UCO, SMH, LVS, FAS, POT, GOOG, WYNN, VRTX, AMZN, NFLX, VIDU, FLSR, AAPL, ALTR, CTSH, SNDK, VOD, URBN, PCAR, AKAM

Quoting Up – FAZ, CAT, C, CF, TLT, SWK, JOYG, ISRG, MYL, TEVA