BMO – ES +7.75 and NQ +17.75 futures are up 30 minutes before the open in pre-market trading and point to a higher open following C and WFC earnings this morning…earning reports start in larger numbers beginning today…volume is heavy for pre-market with a more stocks quoting up than down…Financial stocks, XLF is up 1 cent on 1,281,100 shares in pre-market at this time…FAS is down 7 cents…
TLT is down 13 cents and the Euro is up 64 pips overnight following a positive Spanish debt auction…
NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX, PCLN and QCOM are higher…
Dave’s Insight for Tuesday: higher Euro…slightly lower bonds… Financials flat…setting up a higher open …the Euro is higher overnight and is bouncing at its 1.27 support area once again …XLF is flat following C and WFC earnings…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
C is down and WFC is up following earnings offsetting each other and keeping financials flat in pre-market…
Chart Signals will be watching the Euro to see if support holds and the VIX to see if it stays below 25...we saw on Friday that the reaction to JPM earnings barely lasted a few minutes as JPM finished lower on Friday while forming a white candle …
SPX
Resistance: 1,292, 1,300, 1,315
Support: 1,277, 1,260, 1,249, 1,230
Quoting Down – RCL, C, GS, HLF,
Quoting Up – TSLA, SINA, SOHU, CF, CAT, CLF, FFIV, VMW, CMG, FCX, UCO, URE, SWK, V, SLB, MOS, POT, IBM, NTES, SLW, X, MCP, HAL, LVS, DHR,CRUS, ICE, DE, CREE, TSL, TIF, SNDK, CDE, JNPR, PCLN, GOOG, VIDU,MNST, AAPL, WYNN, PNRA, GOLD, NFLX, GMCR, ISRG, FSLR, FFIV, AMZN, INFY, LRCX, ROST, EBAY, SBUX, SHLD, BRCM, CTRP
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