Good morning folks, I have another video on candlesticks that was sent to me this weekend. Its an interesting concept and more geared towards a swing trader. You may want to skip ahead about 10 minutes into the video and skip all the disclaimer stuff.
Stocks on My radar this morning CYTR nice daily pr this morning, NTLS pr possible continuation of bounce on Friday, GLDD contract news nice daily, PKT pr possible continuation, VJET pr decent looking daily, USO IWM NDAQ USO SPY NUGT IBB JDST TVIX TZA for market sentiment
Seeking Alpha
Today's Markets: In Asia, Japan +2.1% to 17366. Hong Kong +0.9% to 23951. China +1.8% to 3173. India +1.9% to 28784. In Europe, at midday, London +0.7%. Paris +1%. Frankfurt +0.1%. Futures at 6:20: Dow +0.2%. S&P +0.3%. Nasdaq +0.4%. Crude -2.6% to $47.41. Gold +1.2% to $1291.70. Ten-year Treasury Yield +4 bps to 1.82%
Earnings season ramps up this week. Morgan Stanley (MS) was under pressure in premarket trading after disappointing results. Dow stock Johnson & Johnson (JNJ) is also out before today’s opening bell, while Dow stockIBM (IBM) and Netflix (NFLX) are scheduled after the bell. (CNBC)
China's economy grew at its slowest pace in 24 years in 2014, official data revealed today. Chinese stocks rebounded slightly overnight, after falling nearly 8 percent on Monday. (CNBC)
Oil prices could hit $30 a barrel this year, with the bond markets outperforming, according to a closely-watched strategist from Nomura Securities. Meanwhile, U.S. crude dropped sharply again this morning. (CNBC)
Oilfield services giant Schlumberger (SLB) has agreed to buy a 45.65 percent stake in Russia’s Eurasia Drilling for $1.7 billion, with an option to buy the rest three years after the deal closes. (WSJ)
President Barack Obama plans to use tonight’s State of the Union address to call on the GOP-led Congress to raise taxes on the wealthiest Americans and corporations to finance tax cuts for the middle class. (NY Times)
Jason Furman, chairman of the president’s Council of Economic Advisors, joins CNBC’s “Squawk Box” at 8 a.m. ET to preview the State of the Union speech.
While the president and lawmakers on Capitol Hill have enjoyed a bump in their approval ratings, according to a new NBC News-Wall Street Journal poll,Americans are also feeling better financially. (CNBC)
Google (GOOG) is close to investing about $1 billion in Elon Musk’s SpaceX. Separately, the search giant has reportedly offered to buy mobile payments service Softcard, but so has eBay’s (EBAY) PayPal. (WSJ & NY Times)
Microsoft (MSFT) tomorrow hopes to drum up excitement over Windows 10, the new version of the operating system, which comes out later this year. (Re/code)
Amazon (AMZN) plans to produce about a dozen movies a year for theatrical release, and then make those movies available to Amazon Prime customers within two months. (Reuters)
J.C. Penney (JCP) is bringing back its “Big Book” catalog after five years because data showed many online sales were driven by what shoppers saw in print. (WSJ)
Shake Shack, a burger chain that grew out of a hot dog stand in New York, expects its initial public offering to be priced at $14 to $16 a share, valuing the company at up to $568 million. (Reuters)
BY THE NUMBERS
Despite concerns over falling oil prices and global growth, the Fed is still on track to start raising short-term interest rates later this year, according to theWall Street Journal, even as the European Central Bank is poised to add more economic stimulus.
The International Monetary Fund has trimmed its global growth forecast for this year and next, cautioning a boost from lower crude oil prices would be offset by dimmer economic prospects for China, Japan, and euro zone nations.
The lone U.S. economic report for today’s session comes at 10 a.m. ET, when the National Association of Home Builders issues its monthly builder sentiment index for January.
Britain’s Serious Fraud Office has ended its probe of Hewlett-Packard’s (HPQ) purchase of Autonomy in 2011. The office said there’s insufficient evidenceto bring a case against Autonomy’s former executives for alleged accounting fraud.
PepsiCo (PEP) named former Heinz CEO William Johnson to its board of directors. Johnson is an advisory partner to Nelson Peltz’s Trian Fund, which has been pushing for change at the beverage and snacks company.
AT&T (T) expects to record about $10 billion dollars in non-cash chargesrelated to its pension plans and to asset abandonment. The company did saythe charges would not affect its operating results.
Jason Furman, chairman of the president’s Council of Economic Advisors, joins CNBC’s “
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