Good morning folks looks like we have a flat open.
MEIP which was on this weeks video is being cut in half after missing expectation results in a phase 2 study. This is a great example of the kind of pain you can experience from playing in the small biotech sector and why holding them overnight is not for the can be more like holding a lottery ticket. Hopefully none of you were in MEIP. Biotechs in general appear to be under pressude, BIIB caught a downgrade, VRTX news falling premarket, GILD falling on news, be careful out there in the Biotech sector.
Premarket stocks on my radar
IMGN popping pretty hard off pr nice looking daily has been on my radar for weeks wait for a setup don't chase it, PENN daily kinda hot more of a swing pr this morning 15 could be a good entry , PACB pr could be nearing a bounce spot on the daily testing trendline as support, SOPW pr thin solar decent looking daily don't chase it, CANF pr continuation already had a nice run into this news so be careful, DERM thin one gappin off pr nice daily, DGLY poppin off patent award pr be careful it has a tendency to pop and flop, IMMR pr settlement news could be a decent bounce spot on the daily,
Screencast stocks to watch condensed version
http://www.screencast.com/t/VJAuJs7av
CNBC in The NEWS
 | IN THE NEWS TODAY |
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| U.S. stocks were lower in early trading, after the Dow and S&P 500 logged their first weekly gains in the past four weeks. Meanwhile, the Nasdaq standsabout 22 points away from its all-time high ahead of the open on Wall Street. (CNBC) |
| The Fed's statement last week, which took an unexpectedly dovish tone, could have further misplaced market expectations about the first interest rate hike, St. Louis Fed President James Bullard told CNBC. |
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| Oil prices were lower early Monday, after Saudi Arabia's oil minister said OPEC won't take sole responsibility for propping up crude-signalling continued determination to ride out the slump. (Reuters) |
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| Prices at the gas pumps resumed their decline, falling 4 cents in the past two weeks. Gasoline bottomed on Jan. 23, but had been rising along with a recent respite in crude's drop. (Reuters) |
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 Peter Fisher, senior director at the BlackRock Investment Institute, joins CNBC's "Squawk Box" at 8 a.m. ET to help us make sense of the wild market moves and whether investors are reading the Fed correctly. |
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| Sen. Ted Cruz from Texas announced his Republican candidacy for president, just after midnight, on Twitter-hours before the official launch at the college founded by the late Rev. Jerry Falwell. (AP) |
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| Lee Kuan Yew-the first prime minister of Singapore who governed there for decades-died Monday at the age of 91. He's responsible for transforming the sleepy port city into a thriving global hub. (CNBC) |
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| Starbucks (SBUX) chief Howard Schultz told employees Sunday they will no longer be encouraged to write "Race Together" on drinks cups, but the company's effort to promote discussion of racial issues "is far from over." (Reuters) |
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| Apple (AAPL) executives are throwing their weight behind the unauthorized biography of Steve Jobs, which goes on sale Tuesday, while criticizing the authorized biography published shortly after his 2011 death. (NY Times) |
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| RadioShack's fate hangs in the balance today, when a bankruptcy auction kicks off-pitting companies that want to liquidate against a hedge fund that's pledged to keep about half the electronic chain's stores open. (WSJ) |
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| The median amount in 401(k) accounts is $18,433, according to a recent report by the Employee Benefit Research Institute. And almost 40 percent of employees have less than $10,000, even as the proportion of companies offering alternatives drops. (CNBC) |
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| BY THE NUMBERS |
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| In addition to the Fed's Mester, there are a numbers of central bank speeches scheduled throughout the week, including Fed Vice Chairman Stanley Fischer this afternoon and Fed Chair Janet Yellen on Friday. |
| There's one key economic report today for Fed-watchers to consider:Existing homes sales for February. A rebound of 1.7 percent to 4.9 million units is expected after last month's 4.9 percent decline to 4.82 million. Watch out for any bad weather impact. |
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| The consumer price index tomorrow is one of the most important data points of the week, with the Fed hoping for a pickup in inflation. For the first time in five months, it's expected to be positive, but barely. On Wednesday, durable goods for February are out. Then Friday brings a look at the final estimate on fourth-quarter gross domestic product. |
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| STOCKS TO WATCH |
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| Ocwen Financial (OCN) has rebutted allegations that it's responsible for poor mortgage-servicing practices, and argued it should not be removed as a servicer of mortgage pools, the Wall Street Journal reported. |
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| Recently retired Dallas Fed President Richard Fisher has been elected to the PepsiCo (PEP) board of directors, effective today. |
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| Wal-Mart (WMT) shareholders will vote in June at the company's annual meeting on electing an independent board chairman, after U.S. regulators rejected a request by the retailer to block the proposal. |
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Seeking Alpha
Today's Markets:
In Asia, Japan +1% to 19754. Hong Kong +0.5% to 24495. China +2% to 3688. India -0.2% to 28192.
In Europe, at midday, London -0.4%. Paris -1.3%. Frankfurt -0.9%.
Futures at 6:20: Dow -0.2%. S&P -0.2%. Nasdaq -0.1%. Crude -2.5% to $45.41. Gold -0.2% to $1182.
Ten-year Treasury Yield -5 bps to 1.93%
Best of Success !
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