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Live
Morning Squawk Call
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Meeting archived daily at 8:45 am est:
Today's Meeting
URL:http://www.instantpresenter.com/JuggernautRoom/E057DF8388
Overnight Markets:
SP Futures up 9 at the 1087 level, looking for a test of 1082 pre
market res level and 1075 lows in the e minis yesterday. We may
just drift on out into the holiday around these levels
Watching the 1172 level in the SP futures, last weeks lows to see
if we have continued recent weakness to follow
through.
Stocks to watch:
IRE Making Year Lows down .41c at $1,29 pre market
BKIR.IRAccording to FT, Ireland govt to buy
majority stake in Bank of Ireland as part of €85B bailout
package; To raise stake from 36% to over 50% more... related
DE Trading lower with good volume pre
market, testingthe 50 day ma here at 75.26 down
$1.00
Deere and Co Reports Q4 $1.07 v $0.95e, R$7.2B v $6.2Be- Guides Q1
equipment sales +37% y/y
BAC swing shorts
are working well as the stock is hovering over year
lows of 11.03. Trading up 1/16 in the pre market at the 11.15
level. Guarding for a possible plus to minus play and a test of
those lows. Conversely if these levels hold we may build a
temporary base for a day trade scalp to the upside.
Headlines:
INITIAL JOBLESS CLAIMS: 407K V 435KE; CONTINUING CLAIMS: 4.182M V
4.275ME - Prior Initial Jobless Claims revised higher from 439K to
441K - Prior Con...more...
Thanks for checking,
have a great day Thanksgiving holiday all!...Tim.
Note: BEN ERICHSEN: Will
be featured in the AM at 8:45 for a recap meeting daily. Hear him
talk about relevant fundamental news trades in the Juggernaut
Virtual Trading Room Daily at 8:45 AM. Also, in the post market at
4:00 pm daily for live trading.
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Today's Calender:
Economic
08:30 USOct Personal Income, Personal Spending, PCE Deflator, PCE
Core, Oct Durable Goods Orders, Initial Jobless Claims, Continuing
Claims
09:55 US Nov University of Michigan Confidence
10:00 US Oct New Home Sales, Q3 House Price Index
10:30 DoE Crude Oil/Gasoline/Distillate Inventories
11:00 US Nov Kansas City Fed Manufacturing
12:00 DoE Natural Gas Inventories13:00 US Treasury's 7-yr note
auction
Earnings Before the Open: AMWD, DE, FRO, TIF.
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