Wednesday, November 14, 2012

Wednesday 11.14 Outlook

The /ES closed yesterday at 1370 and looks to open around 1375

The /NQ closed yesterday at 2560 and looks to open around 2574

$CSCO is up in the pre-mkt, after closing yesterday at 16.84 and is trading at 18.05. That 18 level looks to be recent support for the stock.

$ANF is up from closing at 31.11 to 40.87 after coming out with earnings. The 40 level will be key on whether the stock holds it or legs above it.

$MOS is trading down in the pre-mkt after revising down its estimates. After closing at 50.75, it's trading down at 48.10, lows not  seen since mid June.

$FB will also be one watch with a huge share lock-up expiring today. It closed at 19.80 yesterday and shares look to be trading slightly higher around 20 today. There is talk that the lockup has been priced into the stock, but we'll see what happens.

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