Thursday, October 24, 2013

Thursday Oct 24 pre-mkt outlook

The /ES looks to open around 1745 after finishing the day at 1742 yesterday. It traded at an overnight high of 1752 and a low of 1741. The 10yr finally closed below 2.5 yesterday to finish at 2.485 and is currently trading higher at 2.496.

$F is out with earnings this morning and posted record revenues, however earnings are down due to employee and pension costs. The stock closed at 17.50 and is trading at 18.11. It traded at an ETH high of 18.24 and a low of around 17.60. It's trading at 5yr highs, the 18.50 level could act as near term resistance.

$FFIV is out with earnings and is trading higher in the pre. It closed at 86.30 and is trading around 88.50 now. It traded at a high of 99 and a low of 86.

$SWY lots of talk about an acquisition and the calls yesterday were flying off the hook. The stock rallied on the rumor from a close of 32.75 on Tuesday to a high of 36.75 on Wednesday only to finish the day at 35.50.

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