S&P (INDEXSP:.INX) futures are up a point or so but are being dragged down by the pre-market weakness in Apple (NASDAQ:AAPL). News hit last night that the company is cutting down on component shipments for the iPhone 5 because of weak demand. The S&P is flirting with the 1474 pivot created last September as earnings start to pour in this week. Fed Chairman Ben Bernanke also will be speaking at 4:00 p.m. today perhaps to clarify some of the thoughts from the Fed minutes. Fed Governor Evans stated that he thinks growth could be 2.5% which I agree with -- ...