Friday, November 8, 2013

Friday Nov 8 pre-mkt outlook

The /ES looks to open around 1746 after finishing yesterday at about the same level. It hit an overnight high of 1751 and a low of 1736 (when jobs #s came out at 0830). The 10yr is trading around 2.716 after ripping higher on the jobs report #s as well. It finished yesterday around 2.610.

$PCLN is my stock to watch this am after coming out with earnings yesterday. The stock closed at 1025 and is currently trading around 1060 in the pre-mkt. It hit an ETH low of 950 at 1615hrs and a high of 1060 both at 1630 and 0915. It hit a more recent low of 1010. It has traded with a regular range of 50points and the extreme range has been 100 points. The average daily swing for the stock after posting the last 7 earnings has been 23.5. I will look to strangle this if liquidity allows.

There are a couple of other minor stock stories but I will be focusing on PCLN.

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