Trading ES, NQ Futures Point to Lower Open as Euro, Financials Down...

BMO – ES -14.00 and NQ -24.25 futures are lower 20 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…

XLF is down 22 cents on 284,100 shares in pre-market at this time…

FAS is down 3.22 …

TLT is up 1.36…

the Euro is down 90 pips overnight trading …

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

Dave’s Insight for Tuesday:  lower Euro…higher bonds… Financials down…setting up a slightly lower open…Follow YOUR rules for entry, exits and stops...TRADE THE TREND…With extended profits be sure to adjust your stops…

The ES are down 27 points from Friday’s intra-day high and the SPX is now close to matching its 33 point correction on Jan 30, its largest during the past 75 days,…

The intermediate term trend is still up and the short-term trend is down as of this morning forming a bull flag on many charts, this correction is coming at a similar length of time in the up  trend as the 2009 to early 2011 rallies that lasted 70 to 80 days…

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

SPX

Resistance: 1,370, 1,375, 1,388

Support: 1,361, 1,353, 1,347

Quoting Down – PCLN, AAPL, GOOG, BIDU, FAS, CF, CAT, CRM, GS, SLB, IBM, UCO, WLT, TIF, URE, FFIV, CLF, SOHU, LNKD, SINA, DE, MOS, FCX, V, UNP, SLW, DECK, HUM, LVS, NKE, POT, RCL, CREE, C, SNDK, X, HAL, ANF, SWKS, MCP, CDE, CRUS, SWN, RVBD, TSLA, DOW, STI, ANR, WDC,TBT, PCX, CHL, ZAGG, ICE, AMZN, ALXN, GOLD, NFLX, AMGN, CTSH, GILD, GMCR, DLTR, ADBE, WFM, FSLR, NTAP, ORLY

Quoting Up – TLT, FAZ, CMG, NTES