AMZN Gap Down...STX, BMC Gap Up...Futures Point to a Higher Open...

BMO – ES +8.50 and NQ +11.00 futures are higher 30 minutes before the open in pre-market trading and point to a higher open…volume is moderate for pre-market with a more stocks quoting up than down…Financial stocks, XLF is up 8 cents on 73,500 shares in pre-market at this time…FAS is up $1.46…

TLT is down 74 cents and the Euro is up 88 pips overnight trading …

Wednesday Earnings – BMC, CMG, EA, ENTR, GMCR, JDSU, LVS, QCOM, NDAQ

NDX leaders AAPL, BIDU, GOOG, NFLX, PCLN and QCOM are higher…AMZN -20.65 is gapping lower after earnings…

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

Watch for a potential bounce entry on flag setups and follow your rules for stop adjustment or exit…the intermediate term trend is still up and Tuesday’s intra-day pull back appears to have been a modest low volatility move…

The SPY is following the Euro higher early this morning on lighter volume…

Chart Signals will be watching the Euro, XLF and the VIX...the VIX continues to indicate stable trend…

SPX

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

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

Quoting Down – TLT, TPX, UNP, DLR

Quoting Up – CF, FAS, A, SINA, CAT, FFIV, WDC, WLT, CLF, VMW, CMG, CRM, UCO, MOS, IBM, COH, DE, LVS, FCX, HAL, CDE, SLW, RCL, X, CHL, C, ANR, SOHU, SNDK, ICE, PNRA, PCLN, STX, SHLD, ISRG, AAPL, GOLD, WYNN, BIDU, ALXN, BMC, BRCM, FSLR, GMCR, NFLX, FFIV, QCOM, KLAC, LIFE, NUAN, VRTX, CA, SBUX, SNDK, GOOG, INTC