April 18th Watchlist

Jobless Claims figures came out at 8:30 basically in-line with expectations only showing a slight increase. Futures have been unmoved and are holding their gains from the premarket session. Many pundits are claiming that the top of the market is in & people will look to take profits. This week has been tumultuous to say the least with futures being down one day and up the next. Leading Indicators will be hitting the street at 10 AM so make sure to watch for investor reaction.

There are some major Technology earnings coming out after the close today which may provide some influence for the markets going forward. Google GOOG, IBM IBM & Microsoft MSFT are all reporting this evening and it should make for an interesting afterhours session.

Morgan Stanley MS, one of the last major banks to report earnings, swung to a 1st quarter profit yet the stock is not really doing much off the news.

Most traders will surely be zeroing in on Apple AAPL today after yesterday’s attempt at the $400 level. The tape on that stock has been weak despite numerous attempts at rallies so the chances of it officially breaking $400 and heading lower are pretty high. There was a considerable amount of buyers though around $400 so for the stock to push through aggressively will definitely take some massaging. The best way to profit from Apple tape these days though is to just sell calls on the rallies!

Make sure to register for this evening’s webinar where we will explore the many trading rules out there and why you simply can not follow them!

GOOD MORNING YOUNG WORLD!