Futures Point to a Flat Open...A Pause Before the Continuation...

BMO – ES -3.00 and NQ -0.50 futures are flat  35 minutes before the open in pre-market trading and point to a flat open…volume is light for pre-market with a more stocks quoting down than up…Financial stocks, XLF is down 8 cents on 49,700 shares in pre-market at this time…

TLT is down -$1.38 and the Euro is up 40 pips in overnight trading…

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

Dave’s Insight for Thurssday:  higher Euro…lower bonds… Financials down s…setting up a flat open …After Wednesday’s support bounce continuation move 4%+ in SPX, INDU and RUT and 6%+ in XLF a pause for potential profit taking would be typical this morning…based on the volume and some of the positive moves by Central Banks on Wednesday, expect this support bounce to continue…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

Support: 1,230, 1,216, 1,205

Quoting Down – CRM, FFIV, TLT, WLT, FAS, IBM, CLF, DE, GS, NKE, CAT, ZAGG, MCP, SINA, VECO, KKD, V, NTES, SLB, C, QCOM, KLAC, AMZN, PCLN, SBUX, AAPL, GOOG, BIDU, ADBE

Quoting Up – HLF, FAZ, CF, TBT, GMCR, YHOO, TEVA, BRCM, WFM, MRVL