Last night we had an earnings palooza with Starbucks, Amazon, and Apple reporting. SBUX missed and is currently down 11% pre-market, AMZN warned about future earnings and they are down 5%, and Apple didn't beat by a wide margin and they are down 1%. So it looks like we are going to be seeing a rough patch over the next couple of trading days. FFIV did beat and they are currently trading up over 8% so it is not all gloom and doom. The volatility and earnings fund will continue with Microsoft reporting after the market closes today.
I'm still holding my puts on the Q's and I'm currently at break even. I should see some green today on this position at the open.
I still feel the general overall trend of the current market is UP and we will see the Q's at or above $50 by the middle of May.
Premarket the futures are pointing to a lower open and the Q's are currently trading down 0.85% in pre-market.
S&P 500 (JUN) -7.25
| Nasdaq (JUN) -12.50 | Dow (JUN) -61
The pivots for the Q's today are as follows and it looks like we will open up today right at S1 and I wouldn't be surprised if we see S2 sometime today filling the gap from Monday.
I'm still holding my puts on the Q's and I'm currently at break even. I should see some green today on this position at the open.
I still feel the general overall trend of the current market is UP and we will see the Q's at or above $50 by the middle of May.
Premarket the futures are pointing to a lower open and the Q's are currently trading down 0.85% in pre-market.
S&P 500 (JUN) -7.25
| Nasdaq (JUN) -12.50 | Dow (JUN) -61 The pivots for the Q's today are as follows and it looks like we will open up today right at S1 and I wouldn't be surprised if we see S2 sometime today filling the gap from Monday.
| R2 | R1 | Pivot | S1 | S2 |
| 47.52 | 47.19 | 46.73 | 46.40 | 45.94 |
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