Futures Point to a Lower Open as Euro Falls...

9:55 am ET - DE, F, CMG breakout of resistance...X, AKS, CF, CLF on the rise...ANR, CAT rebounding from lower open...


BMO – ES -5.00 and NQ -4.00 futures are down 25 minutes before the open in pre-market trading and point to a lower open…volume is moderate for pre-market with many more stocks quoting down than up…Financial stocks, XLF is down 9 cents on 94,900 shares in pre-market at this time…FAS is down $1.62…

TLT is up 18 cents and the Euro is down 113 pips during the last two hours…

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

Dave’s Insight for Wednesday:  lower Euro…slightly higher bonds… Financials down…setting up a lower open … …the Euro reversed in the last two hours and is at its 1.29 support area …Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

After a strong day up it is typical to see a pause day…SPX did breakout of horizontal resistance on Tuesday…volume is rebounding from light holiday trading last week…

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

SPX

Resistance: 1,273, 1,288, 1,300

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

Quoting Down – FFIV, CRM, FAS, V, UNP, GS, JNPR, SINA, RVBD, CHL, CAT, IBM, VMW, MOS, ARUN, C, SLW, LVS, POT, CLF, FCX, UCO, URE, HAL, GOOG, BIDU, AAPL, NTAP, EBAY, WYNN, NFLX, GOLD, AMZN, QCOM, AKAM, FOSL

Quoting Up – CMG, CF, ESI, FAZ, ICE, PNRA, CTSH