Futures Point to a Lower Open...

BMO – ES –7.00 and NQ -7.75 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 5 cents on 445,900 shares in pre-market at this time…FAS is down 93 cents…

TLT is down 4 cents and the Euro is down 126 pips overnight…

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

Dave’s Insight for Thursday:  lower Euro…flat bonds… Financials down…setting up a lower open …the Euro moved lower in the last six hours and has broken its 1.29 support area …Follow YOUR rules for entry, exits and stops...TRADE THE TREND…

After a pause day the SPX is starting another test of its recent breakout on a lower Euro this morning…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 if it finds 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 – CMG, ICE, ANF, IBM, SNDK, SWN, SINA, C, CDE, HAL, ISRG, GOOG, NFLX, NTAP, VOD, COST, GMCR, AMZN, ADBE

Quoting Up – URE, WDC, MOS, CHL, POT, SOHU, RCL, DE, AAPL, STX, FOSL, CERN, ALXN, LRCX, MRVL, PCAR