Futures Point to a Slightly Higher Open and Breakout Continuation...

BMO – ES +4.00 and NQ +7.50 futures are higher about 100 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 3 cents on 2,500 shares in pre-market at this time…

TLT is down 57 cents and the Euro is down 4 pips in overnight trading …

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

NFLX is -42.54 in pre-market after earnings and lower guidance…

Dave’s Insight for Tuesday: flat Euro…weaker bonds…Financials up…setting up a slightly higher open …the SPX broke out of its 11 week trading range on Friday, watch for a continuation move to the upside…Chart indicates a move to 1,363 in 8 to 10 weeks…Follow your entry signals and take trades according to your rules…Watch XLF, TNX, and breadth as key factors in any SPX move…move stops on profitable trades…Trade Gaps that meet your rules as earnings season continues this week…

SPX
Resistance: 1,260, 1,273, 1,300
Support: 1,249, 1,230, 1,216

Quoting Down – NFLX, FAZ, TLT

Quoting Up – UCO, COH, CF, SLB, X, RCL, AKS, FCX, SLW, POT, AAPL, GOOG, CHKP, AMZN, BIDU, QCOM, MXIM