April 19th Watchlist

While most people sit glued to CNN watching for updates on the Boston bombing suspects, the market is moving into the thick of the earnings season. Many high profile companies have reported last night and this morning. Subsequently, they've influence the broad indexes quite significantly during the premarkets. Google

beat on profits yet fell short on revenue. The stock ripped almost to $800 once the numbers came out and then they revised the EPS which dumped the stock back down. She's still trading 10 points above her closing price yesterday. IBM missed on both profit and sales, the stock is taking a beating down almost 10 points from her close around $207. Microsoft

, Chipotle

, McDonalds

& General Electric

also reported earnings and we basically saw a mixed bag among them all. Futures were up 10 handles earlier this morning and have since cut half of those gains heading into the market open. There is no economic data coming out today and with the earnings already out, it's very likely the indexes chop around without providing too much information as far as future short-term direction. With it being Friday, the ideal strategy may be to write credit spreads to capitalize on the lack of movement & time decay. GOOD MORNING YOUNG WORLD!