Good morning Folks,
The Fed meetings over the last couple of days were basically a non event. The market continues to consolidate. The NASDAQ is approaching that magic 5000 the IWM is still holding over 122 level. Oil and Gold seem to be stabilizing.
One report that caught my eye yesterday were the amount of insider sells as opposed to insider buys http://video.cnbc.com/gallery/?video=3000357368 it doesn't mean that we should be bracing for a crash but I do think it suggests that it is difficult to find value out there and people are locking in some gains. That is probably not a bad idea if you are sitting on some gains> It never hurts to book some profit.
Stocks on my Radar
RIG earnings gettin some play this morning, WAVX has earnings next week but announced a new contract after the close possible 1 dolla holla, STXS earnings already run a bit into earnings looking for a possible 3 dolla holla, PTK earnings after the close but nice daily,ATOS pr gapper 2 dolla roll wait for a setup, NXTD gapper off pr wait for a setup, SALT BALT and SBLK shippers have decent looking charts FRO active premarket, GOGO earnings beat and raise gapper, EDAP pr nice daily
USO IBB IWM NUGT JDST UWTI TVIX TZA NDAQ SPY UUP for Sentiment
CNBC in the News
IN THE NEWS TODAY | |
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Seeking Alpha
Today's Markets:
In Asia, Japan +1.1% to 18786. Hong Kong +0.5% to 24902. China +2.2% to 3298. India -0.9% to 28747.
In Europe, at midday, London flat. Paris +0.3%. Frankfurt +0.2%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -1.6% to $50.20. Gold +1.4% to $1217.90.
Ten-year Treasury Yield -1 bps to 1.96%
In Asia, Japan +1.1% to 18786. Hong Kong +0.5% to 24902. China +2.2% to 3298. India -0.9% to 28747.
In Europe, at midday, London flat. Paris +0.3%. Frankfurt +0.2%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -1.6% to $50.20. Gold +1.4% to $1217.90.
Ten-year Treasury Yield -1 bps to 1.96%
Today's economic calendar:
8:30 Consumer Price Index
8:30 Initial Jobless Claims
8:30 Durable Goods
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
8:30 Consumer Price Index
8:30 Initial Jobless Claims
8:30 Durable Goods
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Notable earnings before today's open: ACIW, ACTA, AES, AKRX, AMCX, AMWD, ANSS, ARCC, BDBD, BIN,BUD, CCG, CHS, CNP, CNSL, CRI, CWEI, CYBX, DDD, EME, EXH, EXLP, FCH, FIG, FRO, GCAP, GOGO,HAWK, HEES, HSC, HSNI, ICON, IQNT, IRDM, ITC, KOP, KSS, LKQ, LPI, LTM, MBLY, MDXG, MGLN, MITL,MRGE, NTI, NTLS, NXST, NXTM, OGE, ONE, RHP, SDRL, SEAS, SFY, SHLD, SNAK, SNH, SNMX, SRE, SRPT,TASR, TD, TICC, TWI, VAC, VC, VICL, WAC, WNR, XCRA, ZEUS
Notable earnings after today's close: ABTL, ADSK, AEGR, AHT, AIRM, AL, APEI, ARUN, AVD, BCEI, BIO,BLOX, CERS, CLNE, CROX, CSU, CUBE, DGI, ECOL, ECPG, ENOC, ENV, EVC, EVHC, GPS, HLF, HPTX, IM,IMMR, JCP, KBR, KND, LYV, MAIN, MDRX, MENT, MITT, MNST, MTZ, MVNR, NMBL, NOG, NVAX, OLED, OUT,OVTI, PE, PEGA, PFMT, PKT, PODD, PSIX, RBA, RMTI, ROST, RP, RPTP, RRMS, SB, SBAC, SEMG, SGM,SPLK, SRC, SREV, SWN, SZYM, TPC, TUBE, TUMI, TWOU, UHS, UIL, UNXL, VGR, WIFI, WTR, WTW
Best of Success!
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