Futures Point to a Higher Open...Storng FFIV, XLNX, EBAY, BAC, UNP Earnings & Gap...

BMO – ES +4.75 and NQ +10.50 futures are higher 30 minutes before the open in pre-market trading and point to a higher open following FFIV, XLNX and EBAY earnings after the close yesterday and BAC before the open this morning… volume is havy for pre-market with many more stocks quoting up than down…Financial stocks, XLF is up 15 cents on 2,113,500 shares in pre-market at this time…FAS is up $2.33…

TLT is down 73 cents and the Euro is up 49 pips overnight …

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

Dave’s Insight for Thursday:  higher Euro…bonds lower… Financials  higher…setting up a higher open …the Euro is higher overnight and is breaking out of  its 1.2855 former support area …XLF is up following BAC earnings…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

FFIV, XLNX, EBAY, BAC, UNP are gapping up…

Early earnings BAC, UNP…Later earnings INTC, GOOG, MSFT, IBM…

Chart Signals will be watching the XLF and VIX to see if it stays below 25...XLF is NOT acting as a weight as the SPX breaks out…NQ has been slightly stronger over the past three trading sessions

SPX

Resistance: 1,315, 1,331, 1,347

Support: 1,300, 1,292, 1,277

Quoting Down – FAZ, NGLS, TLT, SLR, SNDK, CELG, INFY, SHLD, VOD

Quoting Up – FFIV, UNP, CRM, VMW, FAS, GS, RVBD, SINA, CF, UCO, JNPR, MOS, C, IBM, SLB, V, DE, NKE, MCP, WLT, RCL, CLF, LVS, BAC, CHL, CAT, SOHU, HAL, TSL, X, POT, SWKS, STI, FCX, ANR, ARUN, AKS, SMH, GOOG, ISRG, WYNN, XLNX, PCLN, GOLD, AAPL, BIDU, ALTR, CTXS, EBAY, BRCM, AMZN, MCHP, NFLX, NTAP, GMCR