Monday, April 6, 2015

Being Prepared

Good morning folks
Hope you all had a nice relaxing weekend. 
It looks like we are going to have a down open. Let's see if that continues throughout the day. 

With the jobs report coming in weak there will likely be some fear mongering going on by the talking heads on the financial news networks. This was one months report and one month does not make a trend so I am not hitting the panic button.

Buy the dippers have continued to rush in every time we have a pull back. There is no way to know for certain if this time will be the same until after that fact. Caution is advised and developing a plan for whatever scenario may develop is key. Those plans can include sitting on the sidelines if you aren't feeling comfortable with the market action. You don not have to trade! Sometimes the best trade is the one you don't take.

Keep an eye on Gold and the gold miners as well as the oil sector. 

This weeks videos 

Long Live version

Short and to the point version

Stocks on my Radar premarket
CYTX pr gapper, QURE pr big gapper, AXN nice looking daily potential 2 dolla holla, , ARIA pr active premarket can pop and flop be careful, ADXS pr worth keeping an eye on,  CRIS pr active premarket decent looking daily, CAPN gapper off pr 8 dolla holla,  

CNBC in the News

U.S. stock futures were lower in early trading, with investors getting their first chance to react to Friday's much-weaker-than-expected March jobs reports. The stock market is set to resume normal hours this morning after the long holiday weekend. (CNBC)
The dollar was under some pressure early Monday, after the weak jobs datapersuaded many market watchers that the Fed may wait until the second half of 2015 before raising interest rates. (Reuters)

Oil was higher Mondayafter Saudi Arabia raised prices for crude sales to Asia for a second month, signaling stronger demand in the region. (Reuters)

Israeli Prime Minister Benjamin Netanyahu urged the U.S. to seek a better deal to curb Iran's nuclear program, saying he'd press American lawmakers not to give Tehran "a free path to the bomb." (Reuters)

Greece's finance minister said Athens "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment that's due to the International Monetary Fund later this week. (Reuters)

Federal law enforcement agencies recently contacted several Herbalife (HLF) members for information about their own business practices, CNBC reports. Sources said the company has offered to help members get legal counsel.

In the walkup to the debut of the Apple Watch, the tech giant released the first in a new series of videos on how the device works. Just don't expect to be able to walk off the street and buy one on April 24. (USA Today)

The new Dish Network (DISH) online video service Sling TV appologized to March Madness fans for choppy or nonexistent streaming of Saturday'sFinal Four games. (Re/code)

Walt Disney (DIS) is investing $250 million in DraftKings, putting the value of the online fantasy sports business at roughly $900 million. (WSJ)

The new week begins with one notable economic release, as the Institute for Supply Management is out with its March non-manufacturing index, a measure of the U.S. services economy. Economists predict a reading of 56.0, compared to 56.9 in February. A reading above 50 indicates expansion in the sector. Meanwhile, earnings season is about to kick off in earnest, but no major companies are scheduled to report Monday.
Tesla (TSLA) delivered 10,030 vehicles during the first quarter, its highest quarterly total ever and a 55 percent increase over last year. The electric automaker said it plans from now on to report new deliveries within three days of the end of each quarter.
Toyota (TM) has ended a plant expansion freeze, with the automaker reportedly planning to spend $1.3 billion to build two new plants in Mexico and China.

Actavis (ACT) filed an application with the FDA for a generic version of Letairis, a hypertension treatment made by Gilead Sciences (GILD). Actavis also said Gilead had sued it to prevent it from bringing the generic version to market prior to the expiration of its patent.

An antitrust lawsuit brought by consumers against Google (GOOG) over smartphone software requirements has been withdrawn. A judge had dismissed the original suit in February and told the plaintiffs to amend their claims.

IBM (IBM) has hired advisors to help it deal with possible attacks from activist investors, according to Reuters, after top shareholders reportedly sought help from such investors following 11 straight quarters of declining revenue.

Seeking Alpha
Monday's economic calendar:
8:30 Gallup US Consumer Spending Measure
9:45 PMI Services Index
10:00 Labor market condition index
10:00 ISM Non-Manufacturing Index
12:30 PM TD Ameritrade IMX