Futures Point to a Slightly Lower Open...Watch for Support Bounce Continuation...

BMO – ES -2.50 and NQ -2.25 futures are lower about 17 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 2 cents on 72,900 shares in pre-market at this time…

Reportedly Greek politicians have struck a deal to approve the bailout and the Italian bond yields have risen to recent highs fueling additional speculation there…

TLT is up 21 cents and the Euro is down 51 pips in overnight trading…the Euro found support last Tuesday at the 1.3600 area which continues to hold…

NDX leaders AAPL, AMZN, BIDU, GOOG and QCOM are quoting lower…PCLN is higher and reports earnings after the close...

Dave’s Insight for Monday:  lower Euro…flat bonds…Financials down…setting up a lower open …market is holding above last Tuesday’s low and above Thursday’s S1 and low…it looks as if last week’s higher low will hold and expect stocks to continue their support bounce this week and perhaps as early as this morning…use pull backs as new entry opportunities according to your rules…move stops to protect profits also according to your rules…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: 1,260, 1,273, 1,300

Support: 1,249, 1,230, 1,216

Quoting Down – VMW, NTES, ESI, DLR, CF, CLF, GMCR, DE, LNKD, CRM, WLT, RVBD, SNDK, GS, NKE, NVDA, LVS, GOOG, BRTX, BIDU, WFM, AMAZN, ALXN, INFY, AAPL, MXIM, SNDK, NVDA

Quoting Up – CDE, DECK, SLW, TIF, FFIV, UCO, JNPR, FAZ, GES, ISRG, AMGN, PCLN, DLTR, NFLX, COST, NIHD, WYNN, JOYG, BRCM