Thursday, October 9, 2014

Off to a Good Start


Good morning Folks, 
The Fed saved the day yesterday and Alcoa reported a nice earnings report beating every metric across the board. We have some economic data today that could put the market on a bit of a roller coaster yet once again with initial jobless claims and a Mario Draghi speech >last time he spoke the market tanked. Gold had a hard reversal yesterday giving JNUG a great snapback play with many of the junior miners catching a nice bounce move. Look for potential continuation in that sector. It was a positive technical move yesterday however we are not out of the woods yet so be careful out there. We continue to lack a definitive trend and caution is still warranted. 

Stocks on the radar this morning  
EXAR earnings play bounce gapper, DRWI earnings better than expected, ACHN had a decent day yesterday possible follow through today, NOR sympathy play to Alcoa decent daily, RT earnings play big beat> Gapper, GSAT looking for a bounce in the name, VHC potential bounce play, PLUG and BLDP both chart look interesting had some pr this morning worth watchin, HUBS IPO, TKMR BCRX follow through if we get more Ebola cases LAKE is crazy  parabolic at some point going to be a great short APT in same realm, IMOS raised guidance 
SSRI production increase up premarket, 

AAPL Icahn calling for 200 dollars a share

Keep an eye on the Gold and Silver  and the junior miners miners   

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Today's Markets:
In Asia, Japan -0.8% to 15479. Hong Kong +1.2% to 23535. China +0.3% to 2389. India +1.6% to 26658.
In Europe, at midday, London +0.6%. Paris +0.6%. Frankfurt +1.2%.
Futures at 6:20: Dow +0.2%. S&P +0.3%. Nasdaq +0.3%. Crude -0.4% to $87.37. Gold +1.8% to $1228.10.
Ten-year Treasury Yield down one basis point at 2.31%
Notable earnings before today’s open: LNNPEP
Notable earnings after today’s close: ANGOCUDAHELEVOXX
Best of Success!
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