Thursday, March 14, 2013

Thursday, March 14th pre-mkt outlook

The /ES looks to open around 1554 after closing yesterday at 1549. The eMini traded at an overnight low of 1549 and a high of 1554.75 at 0830 after jobless claims came in better than expected.

$BBRY is in the news after announcing a big order for the Blackberry Z10. The stock had traded around 14.50 during the day before the news leaked around 1515hrs sending the stock up to 15.75 by close. It traded at a high of 16.30 in the extended hours and a low of 15.65 around 0845hrs. Samsung has their PR event today for the S4, which I'm guessing will be sick and kill the Z10 putting $BBRY stock under pressure.

$AMZN caught a downgrade this AM from JPM and is trading at 269 after closing at 265 yesterday. With the overall market positive, I wouldn't be surprised if it rallied past 270 today.

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