Futures Point to Higher Open as Earnings Season Starts with AA...

BMO – ES +13.00 and NQ +22.00 futures are up 90 minutes before the open in pre-market trading and point to a higher open following earnings from AA…volume is light for pre-market with many more stocks quoting up than down…Financial stocks, XLF is up 19 cents on 36,900 shares in pre-market at this time…FAS is up $3.12…

TLT is down 72 cents and the Euro is up 43 pips overnight…

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

Dave’s Insight for Tuesday:  higher Euro…lower bonds… Financials  up…setting up a higher open …the Euro is higher overnight and is bouncing up from its 1.27 support area …Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

After four pause days the SPX is breaking out of its pennant pattern and the SPY is breaking out of its horizontal bull flag …the SPX did breakout of horizontal resistance last Tuesday and institutions appear ready to take prices higher this morning…

Chart Signals will be watching the Euro to see if support holds and the VIX to see if it stays below 25...XLF and TNX today as key factors in the SPX bounce…

SPX

Resistance: 1,277, 1,292, 1,300

Support: 1,260, 1,249, 1,230

Quoting Down – TIF, FAZ, COH, HLF, TLT, HUM, NFLX, INFY, PNRA

Quoting Up – FAS, CRM, IBM, GS, SINA, CRUS, UCO, CAT, CLF, WLT, LNKD, FCX, SLB, SLW, MOS, URE, POT, DECK, VMW, DE, FFIV, V, UNP, CDE, RCL, X, HAL, C, LVS, ANR, MCP, NKE, CREE, NTES, ANF, DOW, CHL, ZAGG, PCX, RVBD, TBT, AAPL, AMZN, BIDU, GOOG, QCOM, GOLD, WYNN, SRCL, FSLR, FFIV, NUAN, GMCR, ISRG, LRCX, BRCM, FLEX, FISV, AMGN, QCOM, CTSH, BBBY, SBUX, FAST, WFM, MRVL, ADSK