Monday, April 27, 2015

Know yourself


Good morning folks, 
 If you haven't already I strongly recommend you take the time to read the article from Forbes I am a firm believer that this is one on the most essential keys to success as a trader. 
http://www.forbes.com/sites/brettsteenbarger/2015/04/26/the-ultimate-edge-in-financial-markets/2/

This week is a very busy week in terms of economic data as well as continuing earnings from big some big names like AAPL which reports after the close.

Bloomberg economic calendar
Monday Apr 27


PMI Services Flash
[Report][Bullet
9:45 AM ET



 


Redbook
[Bullet
8:55 AM ET


Consumer Confidence
[Report][djStar]
10:00 AM ET



4-Week Bill Auction11:30 AM ET


5-Yr Note Auction1:00 PM ET
 



GDP
[Report][Star]
8:30 AM ET




7-Yr Note Auction1:00 PM ET

 

Weekly Bill Settlement

52-Week Bill Settlement

2-Yr Note Settlement

5-Yr Note Settlement

5-Yr TIPS Settlement

7-Yr Note Settlement

Jobless Claims
[Report][Star]
8:30 AM ET



Daniel Tarullo Speaks8:30 AM ET

Chicago PMI
[Report][djStar]
9:45 AM ET






Farm Prices
[Bullet
3:00 PM ET

Fed Balance Sheet
[Bullet
4:30 PM ET

Money Supply
[Bullet
4:30 PM ET
 


Loretta Mester Speaks8:30 AM ET


ISM Mfg Index
[Report][Star]
10:00 AM ET

Consumer Sentiment
[Report][djStar]
10:00 AM ET


John Williams Speaks3:25 PM ET
 
The markets look like they want to continue this climb at least in the very near term. 


Screencast stocks to watch

http://www.screencast.com/t/wzSePEUHN

In addition to this weeks video 
Stocks on the radar Premarket
CANF catching a bounce off trial results big gap to fill on the daily already gapping wait for a setup, CLDN crushed premarket off trial results possible bounce play CC scheduled this morning, CBLI possible continuation off grant news could test the 4 dolla holla, SALT pr possible continuation , NBS possible 3 roll off pr, NAVB pr possible bounce spot, TSL pr possible 13 dolla roll,  TTPH positive pr gapper , OXFD thin one pr looking for 14 dolla roll, PDS earnings looking for 7 dolla roll, ACHN pr 10 dolla roll wait for a setup, TBPH dilay is hot news this morning thin so don't chase it could test 19 if it takes that out with conviction likely going for 20

CNBC in the NEWS
IN THE NEWS TODAY
Now that the Apple Watch finally has launched, investors can pay attention toApple (AAPL) earnings, which arrive after the bell. Expectations call for profit of $2.16 per share on revenue of $56.1 billion. (CNBC)
U.S. stock futures were higher in early trading, after the Nasdaq closed atanother all-time high on Friday. The S&P 500 also finished at a new high, while the Dow came within 1 percent of a record. (CNBC)

Fitch Ratings downgraded Japan's credit rating by one notch after thegovernment failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase. (Reuters)

The economic costs of Nepal's powerful earthquake, which has claimed the lives of more than 3,000 people so far and injured thousands more, could exceed $5 billion. | Photos of the devastation (CNBC)

Some of President Barack Obama's email correspondence was swept up by Russian hackers last year in a breach of the White House's unclassified computer system, which was worse than first thought. (NY Times)

Former President George W. Bush said the U.S. must show it can follow through on promises-arguing against the lifting of sanctions against Iran during rare remarks about foreign policy this weekend. (NY Times)

Oil prices were under some pressure this morning, after U.S. crude turned in its sixth-straight positive week for the first time since February 2014. Brent was up three weeks in row. (Reuters)

Gasoline prices rose 13 cents over the past two weeks to $2.58 per gallon, according to the latest Lundberg survey, the highest level so far this year but substantially lower than one year ago. (Reuters)

In what's believed to be the biggest shutdown in the history of higher education in the U.S., Corinthian Colleges is closing its remaining 28 for-profit schools effective immediately. (NBC News)

In a first for a major restaurant chainChipotle Mexican Grill (CMG) will begin, starting today, to serve food that is free of genetically engineered ingredients. (NY Times)

Tidal founder Jay Z blasted what he called a shadowy "smear campaign" being waged against the nascent music streaming service of the rapper, producer, and entrepreneur-in an attempt to bury it before it even takes off. (CNBC)



BY THE NUMBERS
Tomorrow, Fed policymakers kick off their two-day monetary meeting as the guessing-game on when they might increase interest rates continues.
But today, two more pieces of the economic puzzle are released: the flash services purchasing managers index for April at 9:45 a.m. ET and theDallas Fed survey of regional business activity at 10:30 a.m. ET.

After reporting earnings that handily beat estimates last week, Boeing (BA) holds its annual shareholders meeting in Chicago today.

Katie Couric will be one of the stars at Yahoo's (YHOO) NewFront event for advertisers in New York today, according to the Wall Street Journal.

STOCKS TO WATCH
Applied Materials (AMAT) and Tokyo Electron have given up plans to mergein a deal that would have been worth more than $10 billion, citing problems getting approval from U.S. antitrust regulators.
Cap Gemini plans to buy U.S.-based Igate (IGTE) for $4 billion cash to make North America its biggest market. The French IT services firm also raised its sales outlook for 2015.

Deutsche Bank (DB) announced today an overhaul of its banking operations, after being hit with a fine totaling $2.5 billion over alleged interest rate manipulation last week.
Seeking Alpha
Today's Markets:
In Asia, Japan -0.2% to 19983. Hong Kong +1.3% to 28433. China +3.1% to 4528. India -1% to 27177.
In Europe, at midday, London -0.1%. Paris +0.4%. Frankfurt +0.3%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -0.7% to $56.76. Gold +0.6% to $1182.30.
Ten-year Treasury Yield -3 bps to 1.92%
Notable earnings before today's open: ACWBPOPCYOUHAELHMCYONBOSISPDSPLTQSRROPSILCSOHUSTNGTEN
Notable earnings after today's close: AAPLABXACCAFGAGNCALSNAMKRAREAVBBRXBXPCDNSCHDNCHRWCMPCRCUDADACGGP,GIGHIGHMSTHTIPHSJJSFJLLMSAOLNOMIOSTKPCLPMCSPRERCIIRERTECSIMOSSNCSSWSWFTTCSUDRUHSWCNWNCWRB