Futures Point to a Lower Open after GDP 2.8%, RVBD, JNPR, F Gap Down

BMO – ES -6.75 and NQ -6.25 futures are lower 30 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with a more stocks quoting down than up…Financial stocks, XLF is down 10 cents on 190,100 shares in pre-market at this time…FAS is down $1.28…Q4 GDP reported at 2.8% below 3.0% estimate, highest level in 1 ½ years…

Gap Down - Negative Reactions to RVBD, JNPR and F earnings

Gap Up - INFA

TLT is down 13 cents and the Euro is up 8 pips overnight …

NDX leaders AMZN, GOOG, NFLX and PCLN are higher…AAPL is lower…PCLN and QCOM are flat…

Dave’s Insight for Friday:  Flat Euro…flat bonds… Financials lower…setting up a lower open … Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

Watch for a potential move below the low of the high day on any positions and follow your rules for stop adjustment or exit…the intermediate term trend is still up and any pull back is likely to be a low volatility move…

The SPX is following the Euro lower early this morning on light volume…

Friday earnings of interest – MO, CVX, DHI, F, HON, PG

Chart Signals will be watching the Euro, XLF and the VIX...

SPX

Resistance: 1,331, 1,347, 1,356

Support: 1,315, 1,300, 1,292

Quoting Down – RVBD, CLF, FFIV, JNPR, CMG, CRM, VMW, FAS, TSLA, F, WLT, SWK, UNP, ARUN, GS, DE, CAT, SLB, X, POT, SINA, ANR, DECK, CIEN, CRUS, MOS, UCO, JDSU, LVS, FCX, SNDK, CREE, SOHU, FOSL, WCRX, BRCM, CTXS, SBUX, AAPL, FSLR, ALTR, MRVL, CSCO, NTAP

Quoting Up – INFA, HAL, IBM, CHL, FAZ, V, SIAL, VRSN, VRTX, PNRA, KLAC, BIIB, GOLD, GMCR, GOOG, STX, CTSH, BIDU, NUAN, WYNN, INFY