Futures Point to a Flat Open...

BMO – ES +0.50 and NQ -1.25 futures are mixed 70 minutes before the open in pre-market trading and point to a flat open…volume is light for pre-market with a similar number of stocks quoting down and up…Financial stocks, XLF is up 1 cent on 55,100 shares in pre-market at this time…

TLT is down 25 cents and the Euro is down 27 pips in overnight trading…

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

Dave’s Insight for Wednesday: lower Euro…bonds down slightly… Financials up slightly…setting up a flat open …while we expect this support bounce to continue be prepared for a modest pull back to shake weak sellers out in the consolidation area of last month’s resistance…and Yes, Charts don’t lie so based on what is more likely we still expect the 1,363 chart target to be achieved by year end…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

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

SPX
Resistance: 1,249, 1,260, 1,273, 1,288
Support: 1,230, 1,216, 1,205

Quoting Down – IBM, ANR, CAT, FCX, GS, FFIV, WYNN, GOOG, FAST, SHLD, VOD, AAPL, ADP

Quoting Up – DECK, MOS, FAZ, FSLR, PCLN, PNRA, DELL, DLTR, CHRW, CTXS, KLAC, GMCR, MRVL, BIDU