Futures Point to a Lower Open...JPM Reports Earnings...

BMO – ES -6.75 and NQ -6.50 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 17 cents on 12,400 shares in pre-market at this time…JPM announced earning of $1.02 vs. estimate of 91 cents…investment banking fees fell 31%...JPM is down -2.08%...

GOOG reports after the close…

TLT is up 31 cents and the Euro is down 52 pips in overnight trading …

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

Dave’s Insight for Thursday: lower Euro…stronger bonds…Financials down…leading to a lower open …With the SPX at resistance watch to see if Wednesday’s low of 1,196 holds as short term support…watch for a potential move towards the 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 – PCLN, AMZN, WYNN, BIDU, CMG, GS, SINA, DE, CRM, CAT, DOW, UCO, ANF, C, SLW, IBM, HAL, FCX, SLB, FAS, TIF, LVS, SOHU, CDE, X, POT, SMH, FSLR, FAST, NFLX, RIMM, AAPL, WFM, ESRX, INFY, CTSH, DTV

Quoting Up – VRTX, FAZ, CSTR, COH, ESI, NKE, AKAM, NIHD, BRCM