Thursday, December 19, 2013

Thursday Dec 19 pre-mkt outlook

The /ES looks to open around 1797 after rallying yesterday to close at 1804.25. The 830am jobs report can shoulder some of the blame for the morning ES sell off, it was trading at 1802 going into the number. The 10yr closed at 2.885 and looks to open around 2.940. The Vix sustained a serious case of vol crush yesterday and finished at 13.85.

$FB is being added to the S&P 500 tomorrow which means all kinds of funds will have to buy it. To take advantage of this, Zuck just announced he's unloading his stake and their also dumping a secondary offering on all the fund clowns who have to buy. Great move by management. The stock closed at 55.56 and is currently trading around 54.25. It hit a low of 52.75 and a high of 54.50 after that news was announced.

$TSLA is getting knocked this AM after a fire department blamed a garage fire on the Tesla battery charger. It closed at 147.88 and is currently trading down near the ETH lows of 144.56.

$ORCL is trading higher after posting earnings. It closed at 34.72 and is currently trading around 35.22. It traded at an ETH low of 33.78 and a high of 35.26.

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