Good morning folks,
we had a nice little bounce yesterday as it appears the buy the dippers are still out in full force. We had our third retail sales report that failed to impress or even meet expectations. Normally this could be considered bad news but that market is looking at bad news as good news. If we have weak retail sales we will have a smaller GDP number and that puts less pressure on the FED to raise interest rates even though we have been experiencing better than expected job numbers.
Oil is continuing its descent and the charts appear to indicate we may be headed for a test of the recent lows.
We have a bit of red flashing this morning and that should be expected after the nice bounce we had yesterday. What is important to me is where we close out the week and weather or not we erase this years gains in the indexes.
Stocks on my radar
KTOS already a swing looking to add on weakness listened to earnings call liked what I heard more aof a swing play than day trade, FXCM better than expected earnings gapper I would let it settle , GERN potential continuation, LOCO earnings winner gapper I would wait for a setup PLAY could be a decent sympathy play, EBIX hot daily active premarket, ICLD can be a pop and flopper new contract announcement, TWTR daily looking kinda hot, FEYE another hot daily, LOJN upgrade 3 dolla holla, NBS hot daily possible 4 dolla holla,
CNBC in the News
 | IN THE NEWS TODAY |
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| U.S. stock futures were searching for direction in early trading, after theDow, S&P 500, and Nasdaq managed to erase a good chunk ofTuesday's sizable losses with a Thursday rally. (CNBC) |
| The euro was back on the defensive this morning, after a rebound the day before that had lifted the currency above this week's 12-year lows against the dollar. (Reuters) |
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| Bill Ackman's comments about nutritional supplement company Herbalifedo not appear to add up to market manipulation, former federal prosecutor Jacob Frenkel told CNBC. |
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 Pershing Square Capital Management's Bill Ackman joins CNBC's "Squawk Box" at 8 a.m. ET to address this latest twist in the Herbalife saga. |
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| Excerpts from a new book on Steve Jobs reveal that current Apple(AAPL) CEO Tim Cook discovered he could help improve the health of his then-boss by donating part of his liver. Jobs refused. (USA Today) |
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| Walt Disney (DIS) has started work on a sequel to "Frozen," the biggest animated movie of all time, and a global merchandising phenomenon that helped push the media giant to record profits. (Reuters) |
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| Russia's central bank today cut its main interest rate again-by 1 percentage point to 14 percent-in a further effort to stimulate the country's sanctions-hit economy. (CNBC) |
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| Japanese stocks tracked a positive lead from Wall Street, with the Nikkei average breaching the 19,000 level, the highest level since June 2000. (CNBC) |
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| Celebrated architect Michael Graves, who created whimsical postmodern structures and became well known for his product designs later in life, has died. He was 80. (USA Today) |
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| BY THE NUMBERS |
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| Today is the second of three Friday thirteenths in 2015. So what's in store for superstitious traders? Kensho data suggests March Fridaythirteenths have not been good for the Dow and S&P 500. But overall,Friday thirteenths have been pretty good for the markets. |
| Marc Faber is well-known for his persistently bearish take on U.S. stocks-as his nickname, Dr. Doom, implies. But now he's arguing large-cap American companies could actually be attractive. |
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| The week concludes with the February producer price index, set for release at 8:30 a.m. ET. Forecasts call for a 0.3 percent increase, following a 0.8 percent drop in January-with the ex-food and energy rate up 0.1 percent, after falling 0.1 percent the prior month. |
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| The preliminary March University of Michigan consumer sentiment index, out at 10 a.m. ET, is seen coming in at 95.3, compared to the final February 95.4 reading. |
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| Retailers Ann Inc. (ANN) and The Buckle (BKE) are on a short list ofearnings reports set to be issued this morning, with no major companies set for post-closing bell releases. |
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| The leaders of the technology world-and those who would like to be someday-descend on Austin today for the start of the SXSW Interactive Festival exhibition and schmoozefest. The USA Today takes a look. |
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| STOCKS TO WATCH |
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| El Pollo Loco (LOCO) reported better-than-expected earnings and revenue. The chain's 2015 forecasts were also largely above estimates, with projections of a same-restaurant sales increase by 3 percent to 5 percent this year. |
| Aeropostale (ARO) beat estimates on earnings and revenue. But the apparel retailer is forecasting a wider-than-expected loss in the current quarter, due to weak mall traffic. |
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| Beauty supplies retailer Ulta Salon (ULTA) releases earnings and revenueahead of forecasts, with comparable store sales up 11.1 percent, well above estimates of 7.5 percent. |
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| Ulta CEO Mary Dillon joins us at 7:45 a.m. ET to break down the numbers and talk about what to expect down the road in her business. |
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| Google (GOOG) is not planning to compete aggressively with soon-to-be-public GoDaddy (GDDY) in the internet domain space, according to a report in today's New York Post. |
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| Pfizer's (PFE) pain drug Lyrica did not meet goals in a study that examined its effectiveness in treating adolescents with fibromyalgia. |
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Seeking Alpha
Today's Markets:
In Asia, Japan +1.4% to 19254. Hong Kong +0.1% to 23823. China +0.7% to 3373. India -1.5% to 28503.
In Europe, at midday, London -0.1%. Paris -0.2%. Frankfurt -0.4%.
Futures at 6:20: Dow flat. S&P flat. Nasdaq +0.1%. Crude -1% to $46.59. Gold +0.3% to $1155.80.
Ten-year Treasury Yield -1 bps to 2.1%
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