10/20 U.S. stocks gain; Nasdaq rallies

Administrator - Monday, 20 October 2014 07:16

Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 10/20 close:

Nasdaq Scans 10/20:

Active Options 10/20

After-hours buzz: Apple, Texas Instruments & more

Apple – The consumer-technology titan reported earnings per share of $1.42 on $42.12 billion in revenue, versus expected EPS of $1.31 on $39.88 billion in sales. It also offered better-than-expected guidance. Its shares rose in after-hours trading.

Chipotle Mexican Grill – The restaurant chain reported earnings per share of $4.15 on $1.08 billion in revenue, versus expectations of EPS of $3.84 on $1.06 billion in sales. However, shares fell in after-hours trading as it forecast a drop in comparable restaurant sales.

Illumina – The provider of genetic-testing tools surged in after-hours trading after its third-quarter results easily beat Wall Street estimates.

Texas Instruments – The maker of semiconductors reported third-quarter earnings per share of 76 cents on $3.5 billion in revenue, compared to EPS of 71 cents on $3.46 billion in sales. Its shares rose in after-hours trading.

Zions Bancorp – The regional bank gained in after-hours trading after reporting third-quarter results.


ScreenHunter_25 Oct. 20 16.37

U.S. stocks gain; Nasdaq rallies
IBM skids on results, hobbles Dow industrials

NEW YORK (MarketWatch) — U.S. equity investors began the week on an optimistic, albeit cautious, note on Monday, with gains in broader markets led by defensive sectors such as consumer staples and utilities.

Monday’s positive movement in the Dow industrial comes even as one of its major components, IBM, posted disappointing quarterly results, pushing shares of the tech giant lower and dragging down the broader index.

The Dow Jones Industrial Average DJIA, +0.12%  closed 19.26 points, or 0.1%, higher at 16,399.67. The blue-chip index is down 1.1% since the start of the year.

The S&P 500 SPX, +0.91%  gained 17.25 points, or 0.9% to 1,904.01. The benchmark index fell below its 200-day moving average last Monday and still remains a few points below that key level.

The Nasdaq Composite COMP, +1.35%  rose 57.64 points, or 1.4%, to 4,316.07, led by gains in biotech and internet stocks.

After choppy trading periods in the early part of last week, the major indices now have registered consecutive days of gains. That’s two straight positive trading days for the Dow industrials and three for the S&P 500 and the Nasdaq.


4:00pm SRNA nice close .52 w/ .55 printed right at 4PM +20.6%

1:49pm  most volume since 3/31 when we were trading over $3.00+


ScreenHunter_07 Oct. 20 13.46

BREAKING: Gold gains $5.70 to settle at $1,244.70 per ounce


ScreenHunter_06 Oct. 20 13.13

US stocks mostly rise; IBM weighs on Dow industrials
U.S. stocks mostly climbed on Monday with the S&P 500 snapping back after its longest weekly loss streak since 2011, as the Dow slid after International Business Machines cut its earnings forecast.
“Aside from IBM, we’ve got a pretty good move so far. It seems investors have their bravado back on,” said Jack Ablin, chief investment officer at BMO Private Bank.
“The more investors can focus on fundamentals, or economic improvement and earnings, the more likely they will feel embolden to invest,” Ablin added.


11:30am  .51 back up +18% & bottom play  .001 +25%

10:48am  11 million ask hit could finally be ready to bounce.

10:06am  .59 hod +36.9% been accumulating for $1.00+ break which should get SURNA moving

10:02am  doesnt take much to move this  stock  .58 +34%

9:38am  .42 x .431 watching to come off bottom this week


Gold nears one-month high as economic fears remain

[Most Recent Quotes from]
Gold edged up on Monday towards a one-month high, recovering from earlier losses, as concerns about a slowdown in the global economy persisted despite strong U.S. data.
Spot gold edged up 0.2 percent to $1,240.40 an ounce by 0701 GMT after earlier falling 0.3 percent. The metal has gained nearly 4 percent in the past two weeks and hit a one-month high of $1,249.30 on Wednesday.


U.S. stocks: Futures fall as IBM slides

MADRID (MarketWatch) — U.S. stock futures fell into the red on Monday, as Dow industrials heavyweight IBM dropped sharply in premarket trading on downbeat results.
European stocks fell after major software maker SAP cut its earnings outlook.
Swinging from a thin lead to a loss, futures for the S&P 500 index SPZ4, -0.15% fell 5.6 points, or 0.3%, to 1,875140, while those for the Dow Jones Industrial Average DJZ4, -0.56% slid 81 points, or 0.5%, to 16,353. Futures for the Nasdaq-100 index NDZ4, +0.00%  was wavering between losses and gains in premarket trading.

Stocks rallied on Friday, but Wall Street still closed out the week with losses, with both the Dow industrials DJIA, +1.63% and the S&P 500 index SPX, +1.29%   dropping 1%. The Nasdaq Composite Index COMP, +0.97%  lost 0.4%.

IBM disappoints: IBM IBM, -6.85% ’s earnings missed analysts’ expectations, and shares skidded more than 8% in premarket trading. IBM is the second-biggest component in the Dow industrials.


Economic Calendar:

Early Movers: IBM, VFC, HAL, VRX, HAS, YHOO & more:

Apple, IBM, Chipotle earnings in focus:


U.S. stocks: Futures inch up big earnings week kicks off
MADRID (MarketWatch) — U.S. stock futures inched higher on Monday as investors geared up for earnings from more than a third of Dow components this week, but Europe stocks were dropping on bad news from a major German software maker.

Futures for the S&P 500 index SPZ4, -0.22%  rose 4.6 points to 1,885.40, while those for the Dow Jones Industrial Average DJZ4, -0.14%  add 45 points to 16,353. Futures for the Nasdaq-100 index NDZ4, +0.03%  added 13.25 points to 3,817.50.

Stocks rallied on Friday, but Wall Street still closed out the week with losses, with both the Dow industrials DJIA, +1.63% and the S&P 500 index SPX, +1.29%   dropping 1%. The Nasdaq Composite Index COMP, +0.97%  lost 0.4%.

What investors want: What will it take to get market’s confidence back after a tumultuous week of trading? For one, an earnings season that confirms the U.S. economy is still improving, said Société Générale analysts Patrick Legland and Daniel Fermon in a note on Monday.

But they said markets also need to see these two catalysts: More dovish central-bank talk and a stronger signal from European leaders. “Otherwise, the lack of coordinated policies and ECB (European Central Bank) constraints could continue to deter investors,” said the analysts. Europe stocks were pitching south on Monday.

Economic calendar: Dallas Federal Reserve President Richard Fisher will be interviewed on CNBC at 8 a.m. Eastern on Monday, and Fed Governor Jerome Powell will give a speech on community banking to a St. Louis Fed webinar at 10 a.m. Eastern Time.

10/19 More than 1/3 of Dow stocks to report this week

Administrator - Sunday, 19 October 2014 10:07

Economic Calendar:

Apple, IBM, Chipotle earnings in focus:


Stocks get a seasonal tailwind this time of year
The past week’s market gyrations left investors shook up, but bulls are finding some encouragement in a historical tendency for stocks to rally from around mid-autumn into spring.
Looking back to the end of World War II, the Oct. 31 to April 30 period is typically the strongest period for stocks, with an average 7.1% gain for the S&P 500 SPX, +1.29% says Brian Belski, chief investment strategist at Bank of Montreal, in a note. A big midweek selloff was followed by a big rally on Friday that left the S&P 500 down 1% on the week and still more than 6% off its all-time high of 2011.36 set on September 18.

The fact that this is a midterm election year offers another layer of seasonal favorability, he says. Midterm years, on average, have seen performance more than double to an average 16.3% return over the same stretch.


More than 1/3 of Dow stocks to report this week
Apple, Microsoft, P&G earnings this week

ScreenHunter_04 Oct. 19 10.08

SAN FRANCISCO (MarketWatch) — Weakness in Europe and a stronger dollar are the major concerns for corporate America going into this earnings season but that may apply more to outlooks than results for the third quarter.

Stocks are coming off a roller coaster week going into the heart of earnings season. Reports from heavyweights like Apple Inc. AAPL, +1.46%  and 12 Dow components representing the telecom, industrials, tech, and consumer staples sectors are due.

ScreenHunter_05 Oct. 19 10.09

ScreenHunter_06 Oct. 19 10.10


The return of the ‘fear trade’
Investors fear the eurozone is falling back into recession, with Germany leading the way. That has the potential to undercut U.S. earnings.

Halloween came early this October. A vicious midweek selloff shows that investors can be still be scared out of their wits, at least for a few hours. And while the monster is now back in its cage, it is unlikely the “fear trade” has completely run its course.

But first, what triggered the carnage? For once, few pundits were offering a pat, one-size-fits-all answer. That’s because there wasn’t one.

Instead, it came down to a combination of nagging but interrelated worries surrounding Europe, collapsing oil prices, the threat of global deflation, and the Fed’s rate path. Throw in a steady drumbeat of Ebola headlines and suddenly folks were streaming toward the exits.

But the most attention-grabbing moment occurred in the bond market. The rally in Treasurys that accompanied the stock-market selloff, temporarily dropped the yield on the 10-year note 10_YEAR, +0.00%  below 2%. While a flight to quality would be expected, the sharp one-third of a point drop in the yield had market veterans scratching their heads.

ScreenHunter_03 Oct. 19 10.06

Yields have since rebounded as Treasurys gave back most of the Wednesday rally. Wall Street is enjoying a sharp Friday rebound as oil prices bounce from multiyear lows. But that still leaves traders to make sense of the mayhem.

In a note, Eric Green, head of U.S. rates at TD Securities, succinctly summarized the midweek market turmoil as the extension of two competing forces:

One was the continuation of a post-quantitative-easing correction in stocks “that should be viewed as healthy.”

The other “is a fear trade that has been gathering momentum over the past several weeks, one that has its roots in a global recovery that looks to be weakening outside of the U.S., especially in Europe.”

Indeed, Europe is still a primary source of anxiety. And for a good reason.

Investors fear the eurozone is falling back into recession, with Germany leading the way, That has the potential to undercut U.S. earnings.

A surge in Greek bond yields serves as a reminder that the eurozone’s periphery remains a powder keg of struggling member nations. This point further underlines the need to restore growth to head off the market and political turmoil that could still threaten the survival of the euro.

Then there is oil. Collapsing prices are a boon to consumers but, obviously, a problem for the energy sector. The downside is that the oil price is also seen as a bellwether for global growth and that the sharp drop also serves to underline concerns about deflation.

All that aside, investors appear to have put the fright behind them for now. St. Louis Federal Reserve President James Bullard’s suggestion on Thursday that the central bank could continue a little longer with quantitative easing seemed to soothe market participants like a parent comforting a child waking from a nightmare (never mind that the odds of such an action seem quite long).

Bulls are confident this week’s selling has exorcised the market’s demons. Shares considered overvalued have been cut down to size, setting the stage for a climb back to new highs. Next week’s economic calendar is relatively light, but the next negative headline — whether it comes from a central banker, earnings or some fresh eurozone disaster — might be all it takes to test investors’ courage once again.

10/17 One bright spot in this tough week: Small caps turn around

Administrator - Friday, 17 October 2014 07:35

Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 10/17 close:

Nasdaq Scans 10/17:

Active Options 10/17


ScreenHunter_252 Oct. 17 19.23

U.S. stocks rally; Dow snaps 6-day losing streak
NEW YORK (MarketWatch) — Following steep losses and massive intraday swings over the past five days, the U.S. stock market wrapped up the week on a relative high note, with the key benchmarks registering more than 1% gains on Friday.

Earlier in the week, investors exhibited panicky selling behavior as concerns over global growth, volatility in oil and the dollar, as well as fear of the spread of Ebola, converged.

On Friday, stocks got a boost from upbeat earnings reports from heavyweights, such as General Electric, Honeywell and Morgan Stanley. Those cheery earnings reports may be just what the markets need.

The S&P 500 SPX, +1.29%   gained 24 points, or 1.3%, to 1,886.76, led by gains in industrials and health care sectors. The Dow Jones Industrial Average DJIA, +1.63%  jumped 263.17 points, or 1.6%, to 16,380.41.

The Nasdaq Composite COMP, +0.97%  rose 41.05 points, or 1%, to 4,258.44.

The main benchmarks were still left nursing modest weekly losses after brutal selloffs earlier in the week. Weekly losses were fourth in a row.

The Russell 2000 RUT, -0.35%   dipped 4 points, or 0.4% to 1,082.33, underperforming its large-cap counterpart on Friday after relative strength over the week. Indeed, the small-cap index ended the week with a gain of 2.8%.

J.C. Parets, founder and president of Eagle Bay Capital, warns not to be fooled by the snapback, asserting that carnage the equity markets experienced isn’t nearly over. “We get the most vicious rallies during market declines,” he cautions in an interview.

Thursday’s sharp gains came after a choppy session on Wall Street on Thursday, when the benchmarks fell around 1% at the open. However, they recovered throughout the day, helped by comments from President of the St. Louis Federal Reserve James Bullard, who raised the possibility of extending bond purchases. Bullard isn’t a voting member this year of the rate-setting Federal Open Market Committee.

Boston Fed President Eric Rosengren told CNBC on Friday he does not expect the U.S. economy to need another round of quantitative easing, but added that he would not rule out that possibility.


One bright spot in this tough week: Small caps turn around
Russell 2000 outperforms in October, but still lags for year

ScreenHunter_02 Oct. 17 15.19

NEW YORK (MarketWatch) — Small-cap stocks could be turning a corner after a rough year, as the Russell 2000 outperforms the S&P 500 this week and so far this month.

Some strategists have grown upbeat about buying the little guys, and others have said the small-cap rebound — the Russell is up 3% for the week at last check — might be one sign of U.S. investors becoming less fearful as this punishing week ends.

“From a tactical standpoint, I definitely think we get a bounce here with small [caps], and we’ve started to see relative performance turn around,” said Steven DeSanctis, head of small-cap strategy at Bank of America Merrill Lynch Global Research. He said his team made “a big call for being aggressive for the fourth quarter” with small caps.

DeSanctis, who warned against betting on small caps at the start of this year, gives several reasons why he’s become more optimistic.

“The valuations were one concern. That’s a little less of an issue today,” he told MarketWatch. As small caps tumbled, this slice of the U.S. stock market changed from being “extremely overvalued more toward what I would consider middle of the road” for valuations, DeSanctis said.

He also points to small-cap stocks’ fundamentals. “Earnings and sales growth are actually really good, and if the U.S. economy really grows somewhere between 2.7% and 3%, you should have a pretty good third-quarter reporting season,” DeSanctis said.

Small-cap stocks, as tracked by the Russell 2000 RUT, -0.36% are down 1.5% in October to date, while the S&P 500 SPX, +1.33% is down 4.4% for the month. The Russell also helped the lead the way up from session lows during Wednesday’s harrowing session.

But the small-cap index is still down 6.8% in the year to date versus the S&P’s 2.1% gain, and it was back to underperforming intraday Friday. The Russell 2000 could go back to those losing ways that had everyone fretting about divergence, and TrimTabs is among those warning that the stock market hasn’t hit a bottom yet.

For now though, small caps are cheering up some analysts.

“Despite extreme volatility we are now seeing some tentative signs that US financial markets are becoming relatively more comfortable — or relatively less uncomfortable — with global economic weakness,” said analysts on Bank of America Merrill Lynch’s credit strategy team in a note Thursday. They point to small caps “now finally outperforming large caps in the stock market” as one of those tentative signs.


OTC Markets says Finra has halted trading in OTC equity securities

OTC Markets said Friday morning that the Financial Industry Regulatory Authority (Finra) has halted trading in equity securities through its markets.

“FINRA has imposed a quoting and trading halt in all OTC equity securities as of 11:05:06 a.m. ET due to a lack of current quotation information currently available in the marketplace for OTC equity securities. FINRA will notify the market when quoting and trading in all OTC equity securities may resume,” the agency wrote in a media release.

The company, which facilitates trading of penny stocks and other equities, told CNBC that its subscribers were experiencing delays in updating quotes. OTC Markets said it is working with Finra on plans to reopen trading.


10:37am  .1285 +52%,  .41 -14%,  .0037 +12% &  .0009 u/c  


ScreenHunter_01 Oct. 17 10.34

U.S. stocks rally; GE rises on earnings beat NEW YORK (MarketWatch) — U.S. stocks rallied on Friday, recovering some of the deep losses of the roller-coaster week, which had been colored by concerns about global growth and the spread of Ebola. The main benchmarks were boosted by upbeat earnings reports from heavyweights, such as General Electric, Honeywell and Morgan Stanley.


10:22am  .1299 +54% hod touched .141

9:11am  gaping a bit .092 x .0935 so far

8:17am Play .084 may be in play again on News:

MIAMI, Oct. 17, 2014 (GLOBE NEWSWIRE) — Sanomedics International Holdings, Inc. (SIMH), announced today that demand is soaring for its Caregiver(R) TouchFree(TM) Clinical Thermometers, primed by the growing concern for spread of EBOLA and MERS infections. The Company is gearing up for heavy inventory requirements to support this global effort at all healthcare facilities and ports-of-entry.


U.S. stocks: Futures rally ahead of Yellen, earnings
LONDON (MarketWatch) — U.S. stock futures rallied on Friday, with investors waiting for a speech by Federal Reserve Chairwoman Janet Yellen and digesting another set of prominent corporate earnings, after a volatile week when concerns about global growth sent financial markets on a roller-coaster ride.

Futures for the S&P 500 index SPZ4, +1.36%  jumped 24.60 points, or 1.3%, to 1,875.20, while those for the Dow Jones Industrial Average DJZ4, +0.96% DJZ4, +0.96%  gained 176 points, or 1.1%, to 16,191. Futures for the Nasdaq-100 index NDZ4, +1.43%  picked up 53.25 points, or 1.4%, to 3,794.75

The sharp gains came after a choppy session on Wall Street on Thursday, when the benchmarks fell around 1% at the open. However, they recovered throughout the day, helped by comments from James Bullard, president of the St. Louis Federal Reserve, who raised the possibility of extending bond purchases. Bullard isn’t a voting member this year of the rate-setting Federal Open Market Committee.

Earnings: Several heavyweights reported results ahead of the opening bell. General Electric Co. GE, +4.66%  shares rose 3.5% in premarket action after third-quarter earnings topped market expectations.

Defense contractor Honeywell International Inc. HON, +0.71%  lifted its low end of its 2014 per-share outlook, after third-quarter earnings beat expectations, sending the shares 1.3% higher.

Morgan Stanley MS, +5.81%  gained 3.4% ahead of the open after the bank reported third-quarter earnings that topped forecasts.

Another bank, Bank of New York Mellon Corp. BK, +0.58%  said third-quarter profit climbed 11%.

Movers and shakers: Urban Outfitters Inc. URBN, -14.06%  slid 14% in premarket trade after the retailer late Thursday warned weaker sales trends first reported in September are continuing.

Google Inc. GOOGL, -0.89%  slipped 1% premarket after the Internet giant late Thursday reported third-quarter below forecasts. Revenue rose to $16.52 billion from $13.75 billion.

SanDisk Corp. SNDK, -2.47%  slumped 2.1% ahead of the bell on Friday, after the memory-chip maker on Thursday reported a drop in profit.

Advanced Micro Devices Inc. AMD, -3.35% fell 1.5% in Friday’s premarket trade. The chip maker on Thursday reported third-quarter adjusted earnings of 3 cents a share, below the 4 cents a share forecast by analysts. AMD also announced it will cut 7% of its global workforce by the end of the fourth quarter.

Fed speakers: Federal Reserve Chairwoman Janet Yellen will speak on income inequality at the Boston Fed conference in Boston at 8:30 a.m. Eastern Time.

Boston Fed President Eric Rosengren also speaks at the conference at 8:30 a.m. Rosengren is not a voting member of the Fed policy committee this year.

Data: Housing-starts figures for September come out at 8:30 a.m. and it’s likely that the pace of home construction picked up last month following a surprisingly large drop in August.

Also Friday, markets will get a fresh reading on consumer sentiment, which will be released at 9:55 a.m.

10/16 U.S. stocks end marginally higher; small caps rally

Administrator - Thursday, 16 October 2014 07:06

Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 10/16 close:


Opinion: There’s no reason for stocks to fall any further
After some steep declines, the equity market is now fairly valued
The stock market, charitably put, is at an inflection point.

The S&P 500 Index has fallen 8% from its September highs, when it topped 2,000 points. We’re now back to where we started at the beginning of the year.

The drop has been fast and furious, with the benchmark index recently posting its worst three-day run since the dark days of 2011 amid the European debt crisis. It recorded its worst session of the year Wednesday. The S&P 500 rose 1 point Thursday.

Those previous declines proved to be buying opportunities. Since August 2011, the S&P 500 is up almost 80%.

So where are we at now? Should you buy or wait?


Google, AMD shares drop as earnings miss
AMD shares fall on third-quarter miss, announced layoffs

SAN FRANCISCO (MarketWatch) — Google Inc. and Advanced Micro Devices Inc. shares declined in the extended session Thursday after both the companies fell short of Wall Street expectations for the third quarter.

Google GOOG, -2.19% GOOGL, -2.40%  shares fell about 3%, with Class A shares down to $522, and Class C shares down to $510.25 on moderate volume.

The tech giant reported adjusted third-quarter earnings of $6.35 a share on revenue of $16.52 billion. Analysts polled by FactSet expected $6.54 a share.

AMD AMD, -4.92%  shares fell 5.3% to $2.50 on heavy volume after the chip maker posted adjusted third-quarter earnings of 3 cents a share on revenue of $1.43 billion, and said it would lay off 7% of its work force.

Analysts expected third-quarter earnings of 4 cents a share on revenue of $1.47 billion.

SanDisk Corp. SNDK, -4.75%  shares declined 5% to $81 on moderate volume after better-than-expected third-quarter earnings failed to trump a miss on revenue.

Xilinx Inc. XLNX, +3.14%  shares rose 3.1% to $39.70 on moderate volume after the company reported fiscal second-quarter earnings of 62 cents a share on revenue of $604.3 million. Analysts were looking for 55 cents a share on revenue of $601.3 million.

In the biotech space, Shares of Sarepta Therapeutics Inc. SRPT, +11.52%  rose 12% to $25 on heavy volume after the company said an early-stage clinical study showed its treatments for the Ebola and Marburg viruses were safe for use in humans. Sarepta is one of the many once-obscure stocks rallying on the spread of the Ebola virus.

On that note, shares of iBio Inc. IBIO, +11.64%  rose 22% to $2.31 on heavy volume, adding to big gains from the regular session, after it said Thursday it had the means to mass produce large quantities of Ebola treatments.

In financials, Capitol One Financial Corp. COF, -0.86%  shares slipped 2.5% to $76.60 on moderate volume after earnings and revenue for the third quarter declined.

Among retailers, Urban Outfitters Inc., URBN, -0.37%  saw its shares fall 13% to $30 on heavy volume after the specialty retailer said the trend of negative third-quarter same-store sales has continued into the current quarter.

On the energy front, Schlumberger Ltd. SLB, +1.60%  shares rose 1.5% to $91.99 on moderate volume after the oilfield-services company’s third-quarter results topped Wall Street expectations.


ScreenHunter_250 Oct. 16 18.49

U.S. stocks end marginally higher; small caps rally
Netflix plummets after subscriber numbers disappoint
NEW YORK (MarketWatch)—An attempted rebound by the U.S. stock market Thursday fizzled out by the end of the session, as the main benchmarks wrapped up another rocky trading day essentially flat.

The start of Thursday’s trading looked like the market was in store for another bludgeoning with the main benchmark falling 1% at the open. Nervousness after Wednesday’s brutal ride marked much of the day’s general demeanor.

That’s until James Bullard, president of the St. Louis Federal Reserve, raised the possibility of extending bond purchases. The bond purchases, which is a vestige a 2008 crisis-era plan intended to stimulate the economy, is expected to end this month.

Bullard said the Federal Reserve should consider extending its bond-buying program beyond October to see how the U.S. economic outlook evolves. Bullard isn’t a voting member this year of the rate-setting FOMC, but investors appeared to take his comments to heart, lifting markets higher.

While broader markets struggled to hold onto gains, small and mid-cap companies rallied. The Russell 2000 rose 13 points, or 1.3%, to 1,085.83 and the small-cap index outperformed the S&P 500 this month. Recent strength has been attributed to buyers getting attracted to relative cheapness of small stocks, after the Russell 2000 recorded a 13% decline from peak to trough.

The S&P 500 SPX, +0.01%  closed flat at 1,862.76, with energy sector leading the gains.

The Dow Jones Industrial Average DJIA, -0.15%  slipped 24.5 points, or 0.2%, to 16,116.24, closing low for the sixth straight session.

The Nasdaq Composite COMP, +0.05%  ticked up 2 points to 4,217.39.

Jeffrey D. Saut, chief investment strategist at Raymond James wrote in a note that Wednesday’s roller-coaster session was due to market participants’ inability to manage their risk in July, when he prematurely predicted that the market would see a 10% correction.

“The time to raise cash was in the June—August time frame, when the dollar took off and negative divergences mounted, not now,” he wrote.

In economic news, initial weekly jobless claims dropped to their lowest level in more than 14 years, while industrial production climbed 1% in September. Manufacturers in the Philadelphia region expanded a bit more slowly in October but growth was still strong, according to the Philadelphia Federal Reserve. A gauge of confidence among home builders pulled back this month from a nine-year high in September, falling five points to 54, according to National Association of Home Builders/Wells Fargo data released Thursday


11:56am Watching  again on shake .0045 x .005 this ran .018+ a few days ago and was over .007 before that. Oversold imo


ScreenHunter_02 Oct. 16 11.13

US stocks moderate losses; materials lead comeback
U.S. stocks cut Thursday losses, recovering after the Nasdaq Composite visited correction territory, as investors worried about a soft global economy and its possible effect on the U.S. economy.
“Volatility has reared its ugly head again, but we had nothing for the better part of 16 to 18 months. When you have nothing and go to something, its seems magnified, it’s much more pronounced,” said Chip Cobb, portfolio manager at BMT Asset Management.

The CBOE Volatility Index, a measure of investor uncertainty, rose 6 percent to 27.82, and crude-oil futures were back above $80 a barrel after dipping below that level ahead of Wall Street’s open.

“We do all have short-term memories and really have never gotten away from 2008 and 2009. Even though the market was up double digits last year, and started off well this year, there hasn’t been a time in the last six years where people have had really strong convictions about this bull market,” said Cobb.

Upbeat data on the U.S. labor market did little to nothing to curb selling, with the same true of earnings from companies including Netflix and Goldman Sachs Group. Apple shares dropped more than 2 percent.

The government said its count of Americans filing claims for jobless benefits dropped to a 14-year low last week, falling by 23,000 to 264,000, its lowest since 2000.

Separately, U.S. industrial production rose 1.0 percent in September, versus expectations of 0.4 percent.

Less positive was a u-turn in confidence among home builders in October, falling sharply after rising to a nine-year high the prior month.


Early Movers: GS, DAL, MAT, AXP, NFLX & more:

Apple event, earnings from Goldman Sachs, Delta, Mattel in focus:


U.S. stocks: Futures slide more than 1%
Netflix falls 25% premarket
LONDON (MarketWatch) — U.S. stocks futures slumped on Thursday, with investors worried the carnage from the previous day’s roller-coaster session will continue. A hefty lineup of Federal Reserve speakers, and earnings from prominent companies such as Goldman Sachs Group Inc., could steer the market.

Futures for the S&P 500 index SPZ4, -1.29%  dropped 25 points, or 1.4%, to 1,821.70, while those for the Dow Jones Industrial Average DJZ4, -1.26%  lost 161 points, or 1%, to 15,846. Futures for the Nasdaq-100 index NDZ4, -1.67%  fell 52.75 points, or 1.4%, to 3,699.25.

The weakness came after U.S. stock benchmarks flirted with their worst daily decline in more than three years on Wednesday, although they trimmed losses before the final bell.

Earnings: The results season continues at full speed on Thursday, with a heavy lineup ahead of the opening bell. Goldman Sachs GS, -0.82%  is expected to report earnings of $3.21 a share on sales of $7.8 billion in the third quarter, based on a FactSet survey of analysts.

Delta Air Lines DAL, -1.25%  is forecast to report earnings of $1.18 a share on sales of $11.1 billion in the third quarter.

Tobacco maker Philip Morris PM, -0.13% is expected to report earnings of $1.34 a share on sales of $7.63 billion in the third quarter.

Toy maker Mattel Inc. MAT, -0.39%  posted earnings and sales that fell short of expectations as gross sales of its flagship Barbie doll fell 21% world-wide. Shares were flat ahead of the open.

UnitedHealth Group Inc. UNH, -0.80%  reported third-quarter profit of $1.63 a share, beating estimates of EPS of $1.53. Shares, however, slipped 0.5% in premarket trade.

Baker Hughes Inc. BHI, +2.21%  shares dropped 4% ahead of the open after the oil-field-services company reported earnings per share that fell short of forecasts.

Movers and shakers: Netflix Inc. NFLX, -25.89%  shares sank 25% in premarket trade, after the video-streaming company on Wednesday said its new-subscriber count fell short of its forecast of 3.69 million. It added 3.02 million new members during the quarter.

Ebay Inc. EBAY, -0.69%  lost 2.8% move in Thursday’s premarket trade after the online retailer late Wednesday reported third-quarter earnings fell to $673 million, or 54 cents a share, from $837 million, or 53 cents a share, in the year-earlier period.

Apple Inc. AAPL, -2.71%  was also in the spotlight, ahead of a scheduled event where the tech giant is expected to launch new iPads and the latest in the iMac line.

Data: Weekly jobless claims are due at 8:30 a.m. Eastern Time, followed by industrial production and capacity utilization data at 9:15 a.m. Eastern. At 10 a.m. Eastern, the home builders’ index and Philly Fed report for October are due.

Fed speakers: Philadelphia Fed President Charles Plosser will speak on the economic outlook in Allentown, Pa. at 8 a.m. Eastern. He’s a voting member of the Fed’s policy committee this year.

Atlanta Fed President Dennis Lockhart will talk about on U.S. workforce development at Rutgers University in New Brunswick, NJ at 9 a.m. Eastern. Lockhart will be a voting member of the Fed’s policy committee in 2015.

Also a voting member, Minneapolis Fed President Narayana Kocherlakota will speak on the objectives of monetary policy in Billings, Mont. at 10 a.m. Eastern.

Finally, St. Louis President James Bullard will hold a Q&A with Vox blogger Matthew Yglesias at 12:45 p.m. Eastern. Bullard isn’t a voting member this year.

10/15 U.S. stocks cut losses in harrowing, volatile session

Administrator - Wednesday, 15 October 2014 09:05

Marijuana Stock Gainers thanks to: 


Medical Movers: +50.00% +40.48% +28.57% +13.24% +10.71% +10.00%


Biggest OTC % Gainers/OTC % Losers /Top OTC Volume Movers 10/15 close:

Nasdaq Scans 10/15:

Active Options 10/15

After hours buzz: Martha Stewart, Netflix & more

Martha Stewart Omnimedia surged more than 25 percent in extended-hours trade on news that the media entity has entered into a 10-year partnership with marketing firm Meredith, which will take over ad sales, circulation and production of Martha Stewart Living and Martha Stewart Weddings magazines. Shares of Meredith were unchanged in after-hours trade.

Apple lost about 1 percent in after-hours trade on reported leaks of its new iPads ahead of an expected launch event on Thursday.

Wal-Mart fell 0.7 percent in extended-hours trade after the world’s largest retailer cut its full-year sales growth forecast.

Netflix slid nearly 26 percent in after-hours trade after the video-streaming service reported subscriber growth figures were lower than expected, despite posting earnings in line with estimates.

EBay lost 3 percent in extended-hours trade after the e-commerce firm missed revenue expectations and reported disappointing guidance.

American Express declined 1 percent in extended-hours trade after the world’s largest credit card issuer posted earnings that beat estimates and revenue that slightly missed expectations.

Las Vegas Sands gained nearly 2 percent in after-hours trade as the casino operator posted third-quarter earnings that matched expectations.

Hit by Netflix and market losses, the Nasdaq 100 ETF, the PowerShares QQQ Trust, lost nearly 1 percent in extended-hours trading.

The S&P 500 ETF, SPY, also declined more than 0.7 percent in after-hours trade.


ScreenHunter_18 Oct. 15 16.59

U.S. stocks cut losses in harrowing, volatile session
NEW YORK (MarketWatch) — Wall Street flirted with its worst decline in more than 3 years in a roller -coaster day of trading that culminated with shares recovering from the depths of what began as a bona fide market rout Wednesday.
U.S. stocks sold off amid the largest volume in nearly three years, as investors jettisoned risky securities and scrambled for the safety of government bonds as 10-year Treasurys surged and yields briefly dipped below 2%, until settling at a 52-week low.

Implied volatility on the S&P 500, as measured by the CBOE Vix index jumped to levels not seen in more than 2 years. Vix rose 15% to 26.

The S&P 500 SPX, -0.81%  briefly turned negative for the year before rebounding and on intraday basis recorded a 9.8% decline from peak to trough. The benchmark index closed down 15.21 points, or 0.8%, to 1,862.49.

The Dow Jones Industrial Average DJIA, -1.06%  fell as much as 460 points, but finished down 173.45 points, or 1.1%, to 16,141.74.

The Nasdaq Composite COMP, -0.28%  at one point entered correction territory, falling more than 10% from its previous peak, but regained its footing, finishing with modest losses. The tech-heavy index closed down 11.85 points, or 0.3%, to 4,215.32.

Meanwhile, the Russell 2000 RUT, +1.02%  defied selling pressure and finished the day up 7 points, or 0.7%, at 1,069.

Strategists at Voya Investment Management blamed a “perfect storm” on the selloff. That storm includes: “The surging dollar, plummeting oil prices and recessionary bond yields are creating havoc in the markets because they are signaling deflation. No, not just in Europe but globally as well,” they wrote in a note.

Disappointing economic reports added to already jittery sentiment on Wall Street. Reports on manufacturing in the state of New York and U.S. wholesale prices missed expectations, and a reading on retail sales showed a decline for the first time in eight months.


Tumultuous stock market plagued by ‘mini flash crashes’
WASHINGTON (MarketWatch) — In a session Wednesday marked by heavy, whipsaw trading, there were instances of what some are calling “mini flash crashes,” again showing the fragility of heavily automated stock markets.
In the first hour of trading, numerous companies saw a dramatic drop in their stock prices before recovering.


ScreenHunter_11 Oct. 15 14.35

Investors are scared. The CBOE Volatility Index, or VIX VIX, +25.58% which measures implied volatility on the S&P 500 jumped to as high as 31.06, the highest level since December 2011 during the worst of the eurozone debt crisis. The index traded recently at 29.47.

That is a huge jump when measured versus the persistently and extraordinarily low levels that investors grew accustomed to over the past two years, but it is only slightly above historical average of 20. As the Federal Reserve withdraws its liquidity support, these levels may again become the norm. Also read: Strap in! Wall Street’s roller coaster here to stay.


Here’s what’s driving the market meltdown
Weak U.S. data, Europe, Ebola fears play role in selloff
NEW YORK (MarketWatch) — Interconnected worries over deflation, a potential rerun of the eurozone debt crisis and some surprisingly rotten U.S. economic data are shocking investors on Wednesday.

Here’s a rundown of the carnage:

ScreenHunter_09 Oct. 15 14.31

It was panic mode in the early going, as the Dow DJIA, -2.04%  plunged as much as 370 points as the S&P 500 SPX, -2.08% erased its gain for the year. Losses reaccelerated in early afternoon.

The S&P 500 has recorded a decline of 9% from its intraday peak reached on Sept. 19 to its trough on Wednesday. Financials and consumer discretionary stocks are leading the way lower.

While stock prices climbed the wall of worry for the first nine month of the year, strategists were at a loss to point to a single catalyst for this selloff. It appears a confluence of bad news spooked investors this time.

A trio of disappointing U.S. economic reports — retail sales, the Empire State Index and the producer price index — ahead of the opening bell, problems in Europe and mounting concerns over the threat posed by Ebola were all been cited as reasons for the drop.

ScreenHunter_10 Oct. 15 14.32

The 10-year Treasury note yield 10_YEAR, -6.46% which serves as a benchmark for all sorts of borrowing costs, from mortgages to students loans, took a sharp tumble on Wednesday as investors sought the safety on bonds. At one point Wednesday morning, the yield, which moves in the opposite direction as prices, dropped as much as a third of a percentage point, with the yield pushing below 2% for the first time since June 2013. It rebounded higher to trade at 2.050%, according to Tradeweb

Nonetheless, the 10-year yield is down nearly a full percentage point since the end of last year, defying the expectations of most investors, who were bracing for rising rates. The most recent drop comes as investors found particular reason to fear global economic weakness. Signs of lagging inflation in Europe and slowing growth in Asia combined with weak U.S. numbers to suggest that a slow-growth global economy could delay plans for the Federal Reserve to hike its key lending rates.


S&P 500 on track for biggest percentage drop in 3 years
NEW YORK (MarketWatch) — The S&P 500 has plunged 48 points, or 2.6%, to 1,829.62 on Wednesday. If it closes at this level, it will be its biggest one-day percentage drop in 3 years. The benchmark index is more than 9% below its record close, reached on Sept 18.


ScreenHunter_08 Oct. 15 13.47

Dow plunges 450 points, S&P drops 3%: Worst day in nearly 3 years


10:10am Great to see  getting a much deserved bounce .015 +94%

9:41am  getting a much due bounce .0015 x .0016 +23%


[Most Recent Quotes from]
Gold turns higher after disappointing US economic data
Gold prices turned higher Wednesday, shrugging off early-morning losses, after a trio of weak U.S. economic reports boosted hopes of a prolonged period of low interest rates from the Federal Reserve.


U.S. stock futures fall after weak data
NEW YORK (MarketWatch) — U.S. stock futures headed lower after a trio of economic releases came in weaker than expected, pointing to another day of selling on Wall Street. Investors reacted to weak reports on consumer health and manufacturing in the New York region. Retail sales fell in September for the first time in eight months, showing a continued reluctance among Americans to splurge on consumer goods. Wholesale prices fell slightly in September as inflationary pressure in the nation’s economic pipeline continued to recede. Meanwhile the Empire State manufacturing survey retreated sharply in October, the New York Fed said Wednesday. Futures for the S&P 500 fell 22 points, or 1.2%, to 1,852. Dow Jones Industrial Average futures fell 142 points, or 0.9%, to 16,112. The Nasdaq 100 futures fell 38 points, or 1%, to 3,773.


Retail sales fall for first time since January
A 0.3% drop in September would have been worse if not for iPhone
WASHINGTON (MarketWatch) — Sales at U.S. retailers fell in September for the first time in eight months and only the release of Apple’s new iPhone 6 prevented an even steeper decline.
Sales at retail outlets dropped a seasonally adjusted 0.3% last month, showing a continued reluctance among Americans to splurge on consumer goods. Economists polled by MarketWatch expected a 0.2% reduction.

ScreenHunter_01 Oct. 15 09.02

Although the decrease stemmed mainly from lower purchases of cars, trucks and gasoline, sales were soft in most categories. Internet retailers, clothing outlets and home-improvement stores all saw outright declines, the Commerce Department reported Wednesday.

The one bright spot: electronics stores, whose sales jumped 3.4% to mark the biggest gain in a year and a half. They benefited from Apple’s launch of the iPhone 6.

Retail sales account for about one-fourth of consumer spending, the main engine of U.S. economic activity. Lackluster consumer spending is a chief reason why the recovery that began five years ago is the weakest in post-war history. Sales have risen 4.3% in the past 12 months, about two-thirds the historic growth rate.

Still, there’s a good chance sales will snap back in October. Auto purchases tapered off last month after a big surge in August, but they are still on track to post the biggest annual increase in 2014 in at least eight years. And Internet retailers rarely suffer consecutive declines.

The decline in spending at gasoline stations, meanwhile, is good news for consumers.

Economists at Deutsche Bank, for example, estimate Americans could collectively pocket an extra $40 billion in cash if prices hold steady at $3.30, the equivalent of three-tenths of annual gross domestic product.

Put another way, households that fill up two cars twice a month would spend about $25 less. They could pocket the savings or use the cash to pay for other goods and services.

In August, the increase in retail sales was unchanged at 0.6%.

Stock futures SPZ4, -1.31%  extended their losses after the retail sales report, as well as separate data showing a big slowdown in New York-state manufacturing sentiment and the first drop in producer prices in more than a year.


U.S. retail sales fall 0.3% in September amid broad weakness
WASHINGTON (MarketWatch) – U.S. retail sales fell in September for the first time in eight months and the decline would have been even sharper if not for the release of the new iPhones, showing a continued reluctance among Americans to splurge on consumer goods. Sales at retail outlets fell a seasonally adjusted 0.3% last month, chiefly because of lower purchases of cars, trucks and gasoline, the Commerce Department said Wednesday. Economists polled by MarketWatch had forecast a 0.3% decline. Yet even if autos and gas are excluded, retail purchases fell 0.1% last month. Internet retailers, apparel outlets and home-improvement stores all saw a decline in sales. The one bright spot: electronics stores, whose sales jumped 3.4% to mark the biggest gain in a year and a half. They benefited from Apple’s launch of the iPhone 6. Retail sales account for about one-fourth of consumer spending, the main engine of U.S. economic activity. Sales have risen 4.3% in the past 12 months, about two-thirds the historic growth rate.



Empire State manufacturing index slows sharply in October
Index drops to 6.2 from hitting 27.5 in September
WASHINGTON (MarketWatch) — Manufacturing in the New York region slowed sharply in October, according to data released Wednesday, in a worrying signal for the U.S. economy.
The New York Fed’s Empire State general business conditions index plunged to 6.2 in October after hitting a near five-year high of 27.5 in the prior month.

The drop was much larger than expected. A MarketWatch survey of economists called for a reading of 21.0 in October. Readings greater than zero signal expansion.
October’s reading is the lowest level of the index since April.

ScreenHunter_02 Oct. 15 09.07

Stock futures SPZ4, -1.32%  extended their losses after the data was released, as well as separate data showing a decline in retail sales and producer prices.

The Empire State index is of interest to traders primarily because it’s seen as an early forecast of the national Institute for Supply Management factory survey due out in two weeks. In September, the ISM manufacturing gauge fell to 56.6% from 59.0% in August, in readings where over 50% indicates improving sentiment.

The new orders index of the Empire State index dropped to negative 1.7 in October from 16.9 in the prior month. The shipments index fell 26 points to 1.1,

Unfilled orders remained negative. Both price indexes retreated in October.

The employment indexes were mixed. The number of employes index rose to 10.2 in October from 3.3 in the prior month while the average workweek slipped to negative 1.1 from 3.3 in the prior month.

The index of future general business conditions fell 5 points to 41.7 in October.

Accumulation Play SRNA

ScreenHunter_01 Oct. 20 07.50

24 hour GOLD Spot Price

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GLD119.80  chart+0.81  chart +0.68%

^VIX18.57  chart-3.42  chart -15.55%

ITEN0.0031  chart-0.0008  chart -20.51%

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VOIS0.0035  chart-0.0002  chart -5.41%

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