S&P futures flat…a little better on the NASDAQ/NDX.
Keep in mind, the strong NASDAQ/NDX will be swayed by FB,AMZN,AAPL,GOOGL and a few others in the next couple of weeks but so far, it is the real strength. The Semis reasserting back above the 50 day is important.
Visa (V) mini-gap. Last quarter’s gap kept the stock in good stead and now another one. Seeing a few other small gaps in SWK, HA and PFPT. On the downside, EFII, MANH, MAT, MXIM.
Next week…A TON OF IMPORTANT EARNINGS.
Tuesday- MCD, SAP, DD, GLW, MMM, BIIB, CAT, JBLU, TWTR, TROW, PCAR…after the close…COF, CREE, TXN, KLAC, CMG, BWLD, PNRA and AAPL!
Wednesday- PG, BA, STT, STM, UTX, BEN, WHR, GT, WM…after the close… CTXS, FFIV, TER, XLNX, AMGN, MAR and FB!
Thursday- UNP, CELG, CMCSA, F, LUV, RCL, MA, UPS, MO, CME, CHTR, CAH, DPZ…after the close…SWKS, WDC, GOOG, INTC, MSFT, PYPL, SBUX, GILD, EXPE and AMZN.
Friday- CVX, XOM
Keep in mind, dates are subject to change and while we take every effort to insure accuracy of dates, dates are moved around. Please do your own checking on dates.
Gappers of note:
SHW gapping to the upside off of tight action.
Others: CSX, SCSS, AXP, BX, FL.
To the downside…URI,WR,PLXS, PM….TRV and VZ small gaps to the downside for 2 Dow stocks.
Futures remain up nicely. One of the se days, the strong open will hold but leave no doubt, we are in the midst of range-bound action. Nothing wrong with range-bound action after a move to the upside but as stated, there has been a few areas going bye-bye technically. The good news is there are still a good amount of growth names that are doing nothing more than sitting tight. Sitting tight is a good thing after a move up. We just await to see if another move to the upside is in the offing.
Futures are up again.
Forgot to mention yesterday gold stocks look like they are turning down again and energy goes deeper into the abyss. Bad day for energy prices…real bad day for energy stocks.
Will have pre market movers before open.
Markets continue to have stronger opens and stronger days only to sell off into the close.
The good news is the NASDAQ/NDX remains above the 50 day average and seems to continue to have the bid. Earnings on AMZN, FB, AAPL, GOOGL and others will be important.
IBM, GS and JNJ good for about 150 Dow points to the downside off of earnings.