Hello Everyone,
Amazon is helping to contribute to lower futures prices this morning after posting disappointing results in it's latest quarter. Amazon is down over 10% this morning in pre-market trading after sales projections for the holiday quarter was not what Wall Street expected. The company reported an overall net income loss of $437 million or 95 cents a share for the quarter. Analysts expected a loss of only 76 cents. Stock is currently trading at $282.50. down from the $313.18 close yesterday.
VIX 13% BELOW 10 ma RSI 35.65 NEUTRAL
MARKET Trend: NEUTRAL MODE
Put/Call ratio .61 Above 1.20 Bullish, Below .40 bearish.
Earnings out today: F,PG,CL,BMY
U.S. new home sales due out today.
Dow Futures: -8 points Oil 81.02 -1.07
Have a great trading day.