Thursday, December 5, 2013

Thursday Dec 5 pre-mkt outlook

The /ES closed yesterday at 1792 and hit an overnight high of 1794 and a low of 1787.25. The 10yr is trading around 2.861 after finishing yesterday at  2.842. The VIX is around 14.71 after hitting a high yesterday at 15.71 to finish around 14.5.

$AAPL is trading higher on a report of a deal with China Mobile. However, it doesn't seem like AAPL or China Mobile is confirming this news. The stock closed at 565 and traded at an ETH low of 572 and a high of 577. It's currently trading around 573.

$FB ripped yesterday from 46.50 to close at 48.60 on a rumor that it was being added to the S&P 500 that night. It wasn't added to the S&P though. The stock took a knock in the ETH hitting a low of 47.70 and is currently trading around 48.05.

$JOSB reports after the bell today. The stock is sitting up at 2yr highs based on the offer of a takeover bid from $MW. I think you have to play puts on this deal. Any bad news which would be described as "typical" I think will have exaggerated effects on the stock price. I will consider that at the end of the day.

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