Thursday, November 6, 2014

Nice consolidation


Good morning folks, 
We have had some decent consolidation this week allowing the indexes to work off the overbought conditions we have had after the big bounce back. 

Energy is still under pressure but the sector remains on my radar. Earnings remain mostly positive, the elections are behind us and the market appeared to like the results, Commodities, especially precious metals, continue to get crushed and at some point will likely have a nice bounce. I have not done a lot in terms of day trades except for a few scalps here and there.  

(Reuters) - The European Central Bank kept interest rates at record lows at it policy meeting on Thursday, waiting to see how stimulus measures laid out over the summer unfold.

Focus now shifts to the after-meeting news conference where market participants seek clues from ECB President Mario Draghi on how close the ECB is to launching more aggressive easing steps, such as quantitative easing (QE) - or printing money to buy large amounts of government bonds.
The next big data point will be the jobs number tomorrow we could continue with some choppy action but there are likely to be some decent plays out there..

Stocks on my Radar this morning 

PLNR earnings beat gapper, SWIR earnings beat gapper, ISDR thin one earnings beat, RDNT earnings beat thin one 10 dolla cross, SCMP hot daily decent earnings, GSAT ROX WLT on radar all consolidating yesterday, ONE pr possible 3 dolla holla, MRGE pr extended on the daily possible continuation on a 3 dolla break, RVLT pr active premarket careful can be a pop and flopper LEDS could be a good sympathy play,      

Seeking Alpha
Today's Markets:
In Asia, Japan -0.9% to 16792. Hong Kong -0.2% to 23649. China +0.3% to 2426. India closed.
In Europe, at midday, London -0.2%. Paris -0.1%. Frankfurt flat.
Futures at 6:20: Dow flat. S&P -0.1%. Nasdaq flat. Crude -0.2% to $78.49. Gold -0.1% to $1144.60.
Ten-year Treasury Yield -1 bps 2.34%
Notable earnings before today's open: AAONAAPAAWWAEEAESAINVAKRXAMCXAMRCAMSCAOLAPAAZNBBGBCEBCRXBDBD,BKCCBRCDWCECECECOCNKCNQCOTYCPNCRZOCVCCYNIDNOWDTVERJFSYSFUNFURGEOGLPGNRCGOLDHAINHIIHNR,HSCHSICHSPHZNPITKATEKERXKLICLINLMIALPIMITLMPELMWIVNAVBNRFNTWKNXTMONEOWWPBHPDCEPERIPHMD,PKDPMCPNKPOZNPRFTPRGOPRIMPTCTRDNTRGENSATSSCMPSFUNSFYSGMSLHSNISNMXSRPTTAPTCPCTDCTEDUTHS,TKTNDMTPHTUVCVIVOWACWDWENWINZEUS
Notable earnings after today's close: ABCOACETAELAGOAIRMALALIMAMRNANACANETAPEIARCAUQBBRGBCEIBEBEBNFTBPZ,BRKRBRSCFNCLVSCPSTCSCCVTDARDIODDISDVADXCMEACEBSECOMECPGEDEGOVELONENOCENVEVCEZPWFFFI,FICOFIVNFNGNFSLRFTEKFWMFXCMGSTGXPHCIHGRHNSNHPTXHTGCIGTINFIJJSFKINGKOGKTOSLGFLNTLOCOMATX,MDRXMDVNMITKMMMNSTMNTXMRCMSCCMTDNESNFGNKTR,

Best of Success! 

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