Tuesday, December 23, 2014

Random thoughts



Good Morning folks, 
I did not take any trades yesterday, there were trades that could have been made and several of them were off my watch-list from the weekend (FOMX WLDN TGTX ADXS XNET) unfortunately my timing was off yesterday and I missed my ideal entries. The action in the indexes, in my opinion, was not all that impressive and after completing my scans I remain cautious. I did not like the action in the IBB or the decline in oil.

The markets are showing some green premarket we have some economic data coming out shortly that could impact the direction after the open.

BREAKING: Final 3Q US GDP at 5% vs. 4.3% estimate. cnb.cx/1vjEG5A
Strong number DOW 18 thousand here we come! 

 Stocks on my Radar
JRJC earnings beat gapping up wait for a setup, CNET possible continuation play, VNDA pr last night gapper wait for a setup, ICLD pr careful can be a pop and flopper, FOLD testing 52 week highs hot daily. WIN insider buying lately worth watching may be more of a swing, TASR continues to grind higher, KTOS for swing entry like the sector its a grinder, XNET possible continuation, WAG hot daily earnings beat, ARIA pr pop and flopper but the pr seems decent could have legs this time, BBRY continuation,  

 JNUG JDST RUSL RUSS USO UUP SPY NDAQ IWM IBB TVIX SPY for sentiment 

 Seeking Alpha
Today's Markets: 
In Asia, Japan closed. Hong Kong -0.3% to 23334. China -3% to 3035. India -0.7% to 27506.
In Europe, at midday, London +0.3%. Paris +0.6%. Frankfurt +0.1%.
Futures at 6:20: Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +1.5% to $56.10. Gold flat at $1179.40.
Ten-year Treasury Yield flat at 2.16%
Notable earnings before today's open: WAG
Notable earnings after today's close: CAMP, CALM
CNBC in the News

IN THE NEWS TODAY
Only a week or so ago, December looked like a lost month on Wall Street. But after the Dow and S&P 500 posted their biggest four-session winning streakssince July 2010, both stand at record highs, with the Dow only about 40 points from 18,000 for the first time ever. (CNBC)
OPEC talked down the oil market, sending crude sharply lower Monday, whilewarm weather and growing supply battered natural gas prices. Both oil and nat gas prices were higher this morning. (CNBC)
Some major U.S. airlines, including Delta (DAL) and Southwest (LUV), arerushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses. (Reuters)
Continental Resources (CLR), run by billionaire Harold Hamm, is decreasing its capital budget from earlier projections to $4.6 billion. The oil and nat gas producer also plans drilling rig cuts. (PRNewswire)
Energy entrepreneur T. Boone Pickens joins CNBC's "Squawk Box" at8 a.m. ET with his outlook for oil and nat gas prices, and on how U.S. producers can compete against OPEC countries.
North Korea—at the center of a confrontation with the U.S. over the hacking of Sony Pictures—experienced a complete Internet outage for hours before links were restored. (Reuters)
Sony Pictures Entertainment has threatened Twitter (TWTR) with legal action over users who tweeted the contents of the emails that hackers stole and released on the Internet. (Re/code)
JPMorgan Chase (JPM) could have avoided this year’s security breach thatexposed data from some 83 million accounts with a simple fix: a double authentication scheme, according to the New York Times.
A decision by Facebook (FB) to block a page used to rally Russian opponents of President Vladimir Putin has thrust the social network in controversy and raised accusations of censorship. (NY Times)
The Obama administration plans to investigate whether health insurance companies providing prescription drug coverage discriminated against people with costly chronic conditions. (NY Times)
Senate Republican leader Mitch McConnell said he’s opposed to President Barack Obama's plans to normalize relations with Cuba, and spoke of steps lawmakers might take to rein in the new policy. (Reuters)
A huge weather system packing gusting winds, thunderstorms, snow and even the odd twister is threatening to put a damper on the holiday travel plans of millions of Americans. (NBC News)


BY THE NUMBERS
The pre-Christmas rush is most definitely on where economic reports are concerned: the flood begins at 8:30 a.m. ET, with the latest reports on durable goods orders and GDP.
The University of Michigan’s final December consumer sentiment index is out at 9:55 a.m. ET.
November new home sales are released at 10 a.m. ET, and so is the November report on personal income, consumer spending, and core PCE prices, the Fed’s favorite inflation gauge.
Walgreen (WAG) is one of the few major earnings reports due out this morning, while egg producer Cal-Maine Foods (CALM) is on a very short list of after-the-bell quarterly results.
STOCKS TO WATCH
Energy producer Chesapeake Energy (CHK) has announced a $1 billion stock buyback. The repurchase plan followed the completion of a $5 billion sale of its Southern Marcellus and Utica Shale assets to Southwestern Energy (SWN).
The Federal Communications Commission has once again paused its reviewof the proposed $45 billion merger of Comcast (CMCSA), parent company of CNBC, and Time Warner Cable (TWC), citing delays in getting certain documents from TWC.
Omnicare (OCR) has been accused by the Justice Department of receiving kickbacks from Abbott Labs (ABT), for recommending use of Abbott’s epilepsy drug Depakote in nursing homes serviced by Omnicare.
Chinese e-commerce giant Alibaba (BABA) has spent nearly $161 millionfrom the beginning of 2013 to the end of November to combat fake goods and improve customer protection.
Best of Success! 
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)