BMO – ES -1.00 and NQ +4.00 futures are mixed 25 minutes before the open in pre-market trading and point to a flat open following LLTC, FAST, GS and STT earnings after the close yesterday and this morning… volume is light for pre-market with a more stocks quoting up than down…Financial stocks, XLF is up 1 cent on 264,500 shares in pre-market at this time…FAS is down 10 cents…
TLT is down 3 cents and the Euro is up 74 pips overnight …
NDX leaders AAPL, AMZN, BIDU, and QCOM are higher…GOOG, NFLX, PCLN are lower…
Dave’s Insight for Wednesday: higher Euro…slightly lower bonds… Financials flat…setting up a flat open …the Euro is higher overnight and is bouncing at its 1.27 support area once again …XLF is flat following GS and STT earnings…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…
LLTC is gapping up…FAST is gapping down
Early earnings FAST, GS and STT…Later earnings EBAY, FFIV and XLNX…
Chart Signals will be watching the VIX to see if it stays below 25...XLF is acting as a weight on the SPX over the past two trading sessions…NQ has been slightly stronger over the past two trading sessions
SPX
Resistance: 1,292, 1,300, 1,315
Support: 1,277, 1,260, 1,249, 1,230
Quoting Down – NGLS, GES, CREE, CAT, PCX, CHL, MCP, WLT, ANR, GOOG, FAST, RIMM, NFLX, INFY, DTV, STX
Quoting Up – GS, ATI, CMG, LNKD, SMH, RCL, VMW, SWK, UCO, SLB, PAYX, LLTC, AAPL, MCHP, MXIM, GOLD, AVGO, BRCM, AMZN, FOSL, NTAP, YHOO, FSLR, CTRP, ALTR, QCOM
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