Monday, November 19, 2012

Monday 11.19 Outlook

The /ES closed at 1360 and looks to open around 1372. The market sentiment for the day appears bullish after the super bearishness of last week. Another day where nothing really jumps out at me for a trade.

$LOW is out with earnings this morning and shares are trading up at 33.80 from 32. I would expect the results to fade as it sits near 52wk highs. However, $LOW only has monthlys so there's all kinds of theta to contend with.

$CSCO is trading slightly higher from 18.00 to 18.25 after agreeing to buy a cloud computing company for $1.8B.

$AAPL and $GOOG are both trading higher after being in recent downtrend. $GOOG has been in a downtrend for about 2 weeks while $AAPL has been in a downtrend since the end of September.

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