Looks like we are undecided on the direction for the markets this morning. We had some merger activity announced this morning which is always a good thing. We also have some big earnings reports coming out this week like BABA TSLA DIS and PCLN so that could help determine the direction the markets take this week.
As I said in the videos this week for the very short term I am looking for some consolidation or possibly a little pull back which would be a good thing.
Here are this weeks link in case you missed them
My take on the markets
http://www.screencast.com/t/P1lcbdXI
This weeks Stocks To Watch Video
http://www.screencast.com/t/zd7nmrtz
Other stocks on my radar this morning
GERN pr active premarket 3 dolla holla, ARNA pr look for a crack over 4.50 with volume, YOD unusual activity on Friday possible continuation thin one, MNDO pr active premarket very thin, TROV possible 5 dolla holla, ALQA another thin one with pr, EBIX pr possible 15 dolla holla, CNIT another thin one with pr nice flag on the daily,
Thin stocks have very small floats if you decide to play look for significant volume increase before you jump in but be careful.
Seeking Alpha
Today's Markets:
Japan closed. Hong Kong -0.3% to 23916. China +0.45% to 2431. India flat at 27860.
In Europe, at midday, London -0.4%. Paris -0.4%. Frankfurt -0.4%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude +0.3% to $80.76. Gold flat at $1171.
Ten-year Treasury Yield -1 bps to 2.33%.
Japan closed. Hong Kong -0.3% to 23916. China +0.45% to 2431. India flat at 27860.
In Europe, at midday, London -0.4%. Paris -0.4%. Frankfurt -0.4%.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude +0.3% to $80.76. Gold flat at $1171.
Ten-year Treasury Yield -1 bps to 2.33%.
Today's economic calendar:
Auto sales
8:30 Gallup US Consumer Spending Measure
8:58 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
11:00 Global Manufacturing PMI
Auto sales
8:30 Gallup US Consumer Spending Measure
8:58 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
11:00 Global Manufacturing PMI
Notable earnings before today's open: ACW, ALE, AMG, AMH, ANIP, ARCB, ARE, ARNA, BWP, CHD, CNA, CYOU, EEP, GVA, HAE, HNT, INN, ITG, KRG,L, MCY, MNKD, NSP, S, SNH, SOHU, SYY, USAK
Notable earnings after today's close: ACXM, AEIS, AGU, AIG, AMTG, ANV, APL, BDE, BKH, CHGG, CKP, CRK, CUTR, CVD, CXW, CYH, DXPE, EGAN,ELNK, ENH, EOX, EPAM, EQC, FN, FTR, GALE, GRT, GTY, HLF, IART, ININ, KAMN, KBR, LCI, MCEP, MDU, MR, MRO, NBIX, NLS, NOR, NTRI, OGS,OTTR, PKT, PL, PLOW, PQ, QLYS, RBC, REG, RKT, RKUS, RLD, RTEC, SALE, SBRA, SGY, SKH, SNHY, SRC, SSW, SUP, TDW, THC, TXRH, VNO, VNR,WTR, Y
Best of Success!
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