Thursday, December 11, 2014

Determination




Good morning Folks
Warning signs continue to develop as the markets had a bit of a pull back yesterday. 

 Remember that the Santa Clause rally typically happens the last trading week of December and the first two days of the New Year. Volatility really spiked yesterday and many of the momo names continue to be under pressure, but they remain in long term up trends. The sharp and rapid decline in oil has been unsettling to many and now there is concern that lower oil prices for an extended period of time could impact the banks that have provided all the financing for exploration and asset purchases. 

Lower gas prices are undeniably good for our economy and the  money saved at the pump will show up elsewhere, with people either paying down debt, going out to dinner, taking a trip, or buying more junk that they don't need. Airlines, trucking companies and manufacturers will also benefit with lower input costs. 

 However the market has had a very powerful bounce since mid October and it is due for a bit of a pullback. We had some gaps on the daily of a few indexes that could be filled. If we get a strong pull back it could be an ideal time to load up on some wish list stocks that you would like to own for the long haul. Like BABA AAPL YHOO F  

 It looks like we may be getting a bounce in oil and the indexes. Lets see if it can hold throughout the day. I am not inclined to get involved in the markets unless their is something so sweet I just can't pass it by. My entry would have to be nearly perfect. If I am too late then I will be sitting  on my hands.

 Stocks on my Radar

 SPLS ODP both gappers activist investor divulges the size of their stake, RH nice daily earnings beat gapper, ABIO possible continuation and dolla roll, RGDX penny play with some pr bottom bounce, GPT pr 6 dollar roll ?, 

 USO TVIX TZA IBB IWM JNUG JDST SPY NDAQ on radar for market sentiment 

 CNBC in the news
 
IN THE NEWS TODAY
U.S. stock futures were higher in early trading, following the Dow's 268 point drop Wednesday—its worst day since Oct. 9—on a 3 percent decline in energy stocks. (CNBC)
Oil prices steadying somewhat today, after falling 4.5 percent Wednesdayand settling in New York below $61 a barrel for the first time since July 2009. (CNBC)
Treasury Secretary Jack Lew will be interviewed by "Squawk Box" co-host Andrew Ross Sorkin at the New York Times DealBook conference around8:35 a.m. ET. Among the other power players at the conference this morning are Lloyd Blankfein of Goldman Sachs and Bridgewater's Ray Dalio. Watch those newsmakers live on CNBC and streaming on cnbc.com.
Online retailer eBay (EBAY) is said to be considering a plan to cut thousands of jobs—perhaps as much as 10 percent of its workforce—early next year, as it readies to spin off its PayPal unit. (WSJ)
Activist investor Starboard Value has built a 5.1 percent stake in Staples(SPLS), while upping its Office Depot (ODP) investment, in a move that could set up a potential merger of the struggling office-supply retailers. (Reuters)
Wal-Mart (WMT) today said it discovered discrepancies in pricing and inventory at its China operations in 2011, and has since reinforced its compliance policies in the country. (Reuters)
LendingClub (LC) priced its IPO last night above the expected range at $15 a share. The online marketplace that matches loan seekers with individual and institutional investors is set to start trading today. (CNBC)
Insider trading cases may get much tougher to prosecute after a U.S. appeals court overturned the convictions of two former hedge fund managers, effectively establishing a tougher standard. (Reuters)
U.K. bank Investec has apologized for publishing a research note about the U.S. regulatory difficulties of Standard Chartered headlined "I can't breathe"—in the wake of the Eric Garner case. (FT)
Hong Kong police today cleared demonstrators who refused to leave the main pro-democracy protest camp and tore down their tents in a final push to retake streets occupied by activists for two and a half months. (AP)
As outgoing Texas Gov. Rick Perry prepares to make another run at the GOP presidential nomination, he said his CNBC debate "Oops" in 2012 did not throttle his campaign as much as his "arrogance" and unpreparedness. (CNBC)
Gov. Andrew Cuomo, D-New York, is warning state insurance companies that they won't be able to deny coverage for gender reassignment surgery or other treatment if a doctor deems them medically necessary. (NY Times)
Both coasts are dealing with the effects of powerful storms that brought heavy and snow in to the Northeast and soaked parts of California. (NBC News)

BY THE NUMBERS
It’s a busy morning for economic numbers. Initial jobless claims, out at 8:30 a.m. ET, are expected to rise to 300,000 for the latest week. At the same time,November retail sales are seen posting a 0.4 percent increase, compared to a 0.3 percent rise in October. November import and export prices are also out at 8:30 a.m. ET.
At 10 a.m. ET, October business inventories are likely to have risen 0.2 percent, according to consensus forecasts, after a September increase of 0.3 percent. The Energy Department, at 10:30 a.m. ET, releases its weekly look at natural gas inventories.
Software maker Adobe Systems (ADBE) is out with its quarterly numbersafter the closing bell.
STOCKS TO WATCH
Lululemon (LULU) today reported quarterly profit above estimates, while revenue missed. But the yoga wear maker’s comparable sales came in better than expected, helped by a surge in online business.
Restoration Hardware (RH) late Wednesday beat estimates on earnings and revenue. The home goods retailer raised its profit forecast for the full year, following a surge in sales growth in the third quarter.
With a new plaintiff all but certain, Apple (AAPL) is expected to call its second witness today in the ongoing iPod antitrust, class action trial in Federal Court in Oakland, California.
Google (GOOG) will close its Google News service in Spain, ahead of a new law there allowing publishers to charge search engines for displaying their content.
Seeking Alpha 
Notable earnings before today's open: CIEN, LULU, MEI, MNR, RSH
Notable earnings after today's close: ADBE, DDC, ESL, NDSN, ZQK

Best of Success! 
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