Stock Market Analysis & Stocks to watch

Stocks continued to go up despite being overbought
Stock Futures dropped after weak economic data but might rebound when market opens
S&P Futures resistance @ 1770 but might be temporary
Watch S&P Futures @ S&P 500 for correlation

Watch S&P 500 @ 1770, buy if it rebounds anywhere near it, even if it drops below, for 30 minutes expiration
But it'll be at a higher risk because we'll be trading on market patterns instead of supports/resistances
(that are not followed accurately recently) & patterns can change anytime
Recent market pattern is breaking below supports then rebound
Watch for possible drops at 10am & 11am EDT, then buy S&P 500 if it rebounds for 30 minutes expiration

The market will also be waiting for FOMC statement @ 2pm EDT later
Trading will be at a higher risk today

General Motors will report earnings today
Stock is up from 36.06 to 37.14
Possible support @ 36, 37

Visa & Facebook will report earnings after the market closes
Visa stock is up from 204.24 to 205.69
Possible support @ 204, 205

FB stock is up from 49.40 to 49.87
Possible support/resistance @ 50

IBM announced another $15 billion stock buyback yesterday
Stock went up to 182.12 but dropped to 181.79 pre-market
Possible support/resistance @ 182