Friday, October 24, 2014

Headlines Rule !

Good morning Folks, 
It has been a wild ride in the markets this week.

Between earnings which have been extremely strong by some and huge misses by others. (IE. MSFT and AMZN) 
Throw in some Oil, ISIS, Canada and New York Lone Wolf Terror, Russia and Ebola. There is no shortage of headlines to absorb and then decipher how much it will impact the market. 

I looked at the charts of the indexes and one thing came to mind > What a mess!

They certainly reflect the volatility we have been experiencing. The charts look sloppy and there are gaps the will likely need to be filled. I suspect that we are going to see a lot more of this wild action for the near future. 

The good news is if you are quick you can use this volatility to your advantage for day trades. 

Stocks on my Radar

VTAE Phase 1 pr, LAKE APT IBIO VSR AHPI TKMR CMRX Ebola plays, GSAT still like the daily, SWFT earnings YRCW sympathy, ARIA pr looking for 6 dolla holla, TUBE continuation?,  GIMO gapper off earnings, RUBI gapper off earnings, VSTM pr 9 dolla roll, MNOV pr 4 dolla roll,   

TVIX And TZA always on the radar 
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Today's Markets:
In Asia, Japan +1% to 15292. Hong Kong -0.1% to 23302. China flat at 2302. India closed.
In Europe, at midday, London -0.4%. Paris -0.6%. Frankfurt -0.5%.
Futures at 6:20: Dow -0.1%. S&P -0.3%. Nasdaq -0.3%. Crude -1% to $81.30. Gold +0.3% to $1232.40.
Ten-year Treasury Yield -3 bps to 2.25%
Today's economic calendar:
10:00 New Home Sales

Best of Success!