Futures Point to a Lower Open Following Continued EU Debt Concerns...

BMO – ES -15.75 and NQ -20.00 futures are lower 30 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 23 cents on 150,500 shares in pre-market at this time…

EU debt concerns led European stocks lower over night and continued concerns over lack of results in budget talks from the congressional super committee are in establishing a negative tone before the open…

TLT is up 73 cents and the Euro is down 49 pips in overnight trading…

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

Dave’s Insight for Monday:  lower Euro…higher bonds…Financials lower…setting up a lower open …Monday last week was the high day and Wednesday broke its low…looks like today will move below last Thursday’s low to critical horizontal support area…Always follow YOUR rules at entry, exits and stops...

Chart Signals will be watching XLF, TNX and VIX today as key factors in any SPX move…

SPX

Resistance: 1,216, 1,230, 1,249

Support: 1,205, 1,177, 1,160

Quoting Down – CMG, CF, LNKD, FAS, SINA, FFIV, VMW, DECK, IBM, CRM, CAT, URE, DE, GS, CDE, CLF, V, SLB, UNP, WLT, SWN, TPX, FCX, UCO, CSTR, LVS, HLF, SLW, MOS, ANR, HAL, GRPN, COH, X, POT, SNDK, MCP, RCL, C, CROX, JNPR, SMH, DHR, RVBD, DOW, ARUN, ANF, PCLN, WYNN, GOOG, AAPL, BIDU, AMZN, GILD, FFIV, INFY, JHOYG, GMCR, FSLR, NFLX, ADBE, ADSK, CTSH, CTRP

Quoting Up – FAZ, TLT, ISRG