NQ Higher...ES Lower Following AAPL EPS...Fed Policy Statement Later Today...

BMO – ES -3.75 and NQ +18.25 futures are mixed 30 minutes before the open in pre-market trading and point to a mixed open…volume is moderate for pre-market with a more of stocks quoting modestly lower than up…Financial stocks, XLF is down 5 cents on 16,200 shares in pre-market at this time…FAS is down 99 cents…Fed policy statement at 12:30 pm ET and Bernanke news conference at 2:15 pm ET…

TLT is down 6 cents and the Euro is down 75 pips overnight …Political and business leaders gather in Davos, Switzerland for three days at the World Economic Forum…

AAPL is up $38 to a new all-time high in pre-market trading following blow away earnings after the close on Tuesday…

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

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

Now that AAPL earnings are out market can see a net positive number of large companies reporting better than expected…the SPX managed just a 10 point intra-day pull back on Tuesday…the SPX is following the Euro lower early this morning on lighter volume, likely pausing before the Fed policy statement and Bernanke’s news conference later…

Wednesday earnings of interest – ATI, ADP, BA, CTXS, COP, GLW, DAL, LRCX, NFLX, SNDK, SWK, SYMC, LCC, UTX

Chart Signals will be watching the Euro to see if the 30 DMA breakout on Monday and return move test this morning holds as it did last October 18 and the VIX to see if it holds its down trend...

SPX

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

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

Quoting Down – ATI, GS, GLW, UCO, FAS,SINA, COH, CF, IBM, NVDA, POT, SLB, MOS, ICE, V, FCX, DE, C, HUM, X, HLF, CLF, HAL, ALTR, GOOG, AMGN, WFM, GMCR, VOD, CELG, GOLD

Quoting Up – AAPL, TPX, WLT, SNDK, SOHU, CRUS, A, CRM, SWKS, DECK, RVBD, UAL, SMH, FFIV, VMW, FAZ, CA, LIFE, NUAN, BRCM, PCLN, AVGO, QCOM, BIDU, AMZN, BMC, CTXS, CTSH, FST, WYNN, AKAM, SBUX,ESRX, GIDL, NTAP, FSLR