Futures Point to a Higher Open...

BMO – ES +2.25 and NQ +5.00 futures are higher 20 minutes before the open in pre-market trading and point to a slightly higher open…volume is light for pre-market with more of  stocks quoting up than down…Financial stocks, XLF is up 4 cents on 10,300 shares in pre-market at this time…FAS is up 69 cents…

TLT is up 20 cents and the Euro is down 1 pip in overnight trading…

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

Dave’s Insight for Wednesday:  flat Euro…slightly higher bonds… Financials up…setting up a slightly higher open … …the Euro continues to hold the 1.30 support area which is bullish…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…look for the current up trend to continue while being prepared for a potential test of the SPX breakout at 1,255...look for continued light volume today...

We continue looking at second chance opportunities for entry on Setups of MACD Bullish Divergence, Diagonal Breakout, Higher Lows and Higher Highs with Higher Lows…Intermediate term entries are also a go with the MF Green line turning up last Tuesday…

Chart Signals will be watching VIX to see if it stays below 25...XLF and TNX today as key factors in any SPX move…

SPX

Resistance: 1,260, 1,273, 1,288

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

Quoting Down – MCP, FAZ, SHLD, CTXS

Quoting Up – GOOG, AAPL, PCLN, GOLD, WDC, FAS, WLT, SINA, GS, CLF, SWK, SLB, ANF, CRM, CAT, LVS, AMZN, INFY, SBUX, WYNN, NFLX, CELG, BIDU, AKAM