Futures Point to a Lower Open...

BMO – ES -7.25 and NQ -7.25 futures are lower about 75 minutes before the open in pre-market trading and point to a lower open…volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is down 9 cents on 3,400 shares in pre-market at this time…

TLT is up 52 cents and the Euro is down 41 pips in overnight trading …Watch for a pause at Monday’s S1 in a potential bounce continuation in the Euro …

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

Dave’s Insight for Tuesday: lower Euro…stronger bonds…Financials down…leading to a slightly lower open …With the SPX near resistance and many individual stocks stronger as of Monday’s close, watch for a pause and potential consolidation near resistance…look for short term support to hold on Monday’s S1 on potential profit taking today…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: 1,200, 1,216, 1,230
Support: 1,177, 1,160, 1,146

Quoting Down – JOYG, SHLD, AMZN, FSLR, WYNN, GOOG, LIFE, BIDU, NFLX, MOS, TSL, IBM, VECO, UCO, GS, MCP, CRM, FCX, SLB, DLR, CSTR, NTES, CRUS, RCL, CAT, LNKD, CHL, SINA, FFIV, C, SLW, CA, INFY, QCOM, VOD

Quoting Up – AAPL, FAZ, CF, GMCR, CMF, TLT, INFA, VMW, ZAGG, DE, COH, CELG, CTXS, CTRP, TEVA