Thursday, February 12, 2015

Perfect Harmony



Good morning folks,
Break out the bubbly! Lets all gather round hold hands and sing Kumbaya!!!!

 Chatter of a conceptual deal with Greece, a cease fire announced between Russia and Ukraine, CSCO back with a vengeance, FEYE better than expected earnings, low oil prices, a huge amount of liquidity out in the world, indexes attempting to hit all time highs and unable to have a 10 percent correction. Dogs and Cats living together >> LETS PARTY! 

 Please understand I am being a bit sarcastic.  Bull markets do not die of old age. It takes a recession or some sort of black swan event. It has been so long since we have had some consistent downward pressure on the market I have almost forgotten what it is like to feel a true correction.

 The markets appear to be on the cusp of taking out some key levels of resistance and we may be about to break out of the trading range we have been in for the last couple months. We are still overbought and personally I feel a correction would be healthy.  However, the market doesn't really care what I think and reality is you can't fight the tape. The markets can stay overbought for quite some time and I remain cautious but I will be looking for the path of least resistance.   

 Stocks on the Radar
FEYE CYBR WYY sector is hot CYBR reports after the close, FXCM reported some performance metrics that gave it a pop after the close, YNDX already a swing like the daily, VIP MTL two more Russia names with decent looking charts, TSL pr consolidating just below 200 Ma, WWE pr overbought but over 200 day, PRSS possible red to green thin one so be cautios, NTWK earnings beat very thin nice daily, MRVL continues to consolidate,   

 IPO's today INOV NVTA

 IWM IBB SPY SMH USO NUGT DUST JDST TVIX TZA for Sentiment 

 CNBC in the NEWS

IN THE NEWS TODAY
U.S. stock futures were higher in early trading, following gains in European shares on news of a ceasefire between Russia and Ukraine starting Sunday. Meanwhile, oil prices were sharply higher this morning. (CNBC)
As part of the peace deal, Russian President Vladimir Putin today saidboth sides have agreed on the withdrawal of heavy weapons from the battle-torn east Ukraine region. (CNBC)
Despite cautious optimism, Greece Wednesday failed to reach a dealto stay in an EU bailout program, but talks are expected to continueon Monday. (CNBC)
Former Clinton Deputy Treasury Secretary Roger Altman joins CNBC's "Squawk Box" at 8 a.m. ET to talk Ukraine and Greece.
The Swedish krona fell to a six-year low and local stocks hit record highs after Sweden's central bank unexpectedly launched a quantitative easing program and cut a key interest rate into negative territory. (Reuters)
Activist investor and major Apple (AAPL) shareholder Carl Icahnfigures the iPhone maker's stock should be trading nearly 75 percent higher, a move that would give the company a $1.3 trillion market value. (Reuters)
Tesla (TSLA) reported quarterly results and revenue well below expectations, blaming weather and shipping problems. Meanwhile, the electric automaker said it would begin shipping its Model X SUV in six months. (CNBC)
Departing Sony Pictures co-chair Amy Pascal broke her silenceWednesday about her firing in the wake of the November hacking and leaked emails at the studio. (Re/code)
Netflix (NFLX) said Wednesday's premature release of the new season of "House of Cards" was accidental. The episodes, which were set for release Feb. 27, were quickly taken down. (CNBC)
Meteorologists are tracking two potential snowmakers and bitter cold headed for the Northeast region of the United States through thecoming Valentine's Day weekend. (Weather Channel)
Major seaports on the West Coast, which handle some $1 trillion in trade per year, will be closing today, Saturday, Sunday, and Monday-in the latest disruption in a bitter labor dispute. (CNBC)
The GOP-led Congress has given final passage to the long-pendingKeystone XL oil pipeline. The bill now goes to President Barack Obama who's vowed to veto it. (Reuters)
After asking Congress for new war powers, President Obama saidWednesday the U.S. and its allies must "degrade and ultimately destroy" the Islamic State terrorist group. (CNBC)
Longtime "60 Minutes" correspondent Bob Simon, who had covered most major overseas conflicts and news stories since the late 1960s during a five-decade career in journalism, died in a New York City car crash. He was 73. (AP)
BY THE NUMBERS
The week has been a slow one for economic reports, but the pace picks up this morning at 8:30 a.m. ET, when the government issues both initial jobless claims and retail sales. Economists are looking for 290,000 new filings for unemployment benefits for the week ending Feb. 7, up from 278,000 the prior week, and a 0.5 percent decline inJanuary retail sales following December's 0.9 percent drop.
December business inventories, out at 10 a.m. ET, are expected to show a 0.2 percent increase, matching November's performance. The Energy Department releases its weekly look at natural gas inventories at 10:30 a.m. ET.
The number of U.S. properties in foreclosure rose 5 percent in January, driven by a jump in bank repossessions, according to real estate data firm RealtyTrac.
It's also another busy morning for corporate earnings, featuring the latest numbers from Avon Products (AVP), Coca-Cola Enterprises (CCE), Dr Pepper Snapple (DPS), Kellogg (K), and Time Inc. (TIME).After-the-bell reports today include AIG (AIG), CBS (CBS), Kraft Foods (KRFT), and Zynga (ZNGA).
Best Buy (BBY) has launched its first wedding registry, catering to couples interested in accessorizing themselves and their homes with the latest gadgets. (AP)
STOCKS TO WATCH
Dow stock Cisco Systems (CSCO) last Wednesday reported earnings and revenue that beat expectations. The networking equipment maker also raised its dividend by 2 cents to 21 cents per share.
Whole Foods (WFM) beat estimates with profits, while revenue matched forecasts. The natural foods grocer also said same-store sales were increasing, with customers responded positively to price cuts.
Twitter (TWTR) CEO Dick Costolo talked about plans for bringing in new revenue-from showing more ads in the user feeds to helping brands hire popular users to create sponsored video content.
Facebook (FB) today announced it'll allow users to designate a friend or family member to be their Facebook estate executor and manage their account after they die, according to the USA Today.
Seeking Alpha
Notable earnings before today's open: AAP, AAWW, AB, ACOR, ANR, APA, AVP, BG,BWA, CAB, CCE, COR, CPLA, CS, CVE, DBD, DPS, FAF, FLO, GNC, HE, HERO, HIMX,HSP, IFF, INCY, JAH, K, LMNS, LNCE, LPNT, MANU, MDWD, MFA, MFC, MHFI, MINI,MPEL, MPW, NCI, NLSN, NNN, NRP, NWE, PDS, PNK, Q, RDN, RTIX, RWLK, RYN, SCOR,SHPG, SKYW, SNI, SON, SPW, STC, THS, TIME, TU, VG, VNTV, WD, WSO, WWAV, WWE
Notable earnings after today's close: AEL, AIG, AIZ, ALNY, BCOR, BYD, CBS, CGNX,COLM, CUZ, CYBR, DLR, DVA, EGN, ELLI, GRPN, INT, INWK, IRWD, JCOM, KING, KN,KRFT, LBTYA, LOGM, MGI, MOBL, MTSN, NR, OTC:PFIE, PRO, QLIK, RBCN, RGC, RSG,SFLY, SSNC, SSTK, TCO, TNGO, VCRA, WAGE, WWWW, ZNGA
Best of Success! 

   
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