Wednesday, November 21, 2012

Wednesday 11.21 Outlook

It's the day before Thanksgiving and the /ES looks to open around 1387 after closing yesterday at 1386.

$DE is out with earnings which came in below estimates. It closed at 86 yesterday and is currently trading around 83.35 in the pre-mkt.

$CRM is out with earnings as well which beat, but they reduced their guidance. The stock is currently trading higher at 149.85. The 150 level serves as resistance. I would be interested to see if it sells off on the open after cutting guidance.

No real news for my favorite derivative trades, $AAPL and $GOOG. Both are trading slightly higher in the pre-mkt.

The $NQFUT are trading around 2597 currently and haven't seen the 2600 mark since 11/9.

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