On Friday $DJI came 10 points close to the 18000 psychological area. This morning the US equity futures (/YM, /NQ, /ES are trading a bit lower ahead of the opening bell. No major economic release scheduled today.
MRK (MERCK) is aquiring Cubist Pharma (CBST) for $102 a shares, about $9.5 billion. CBST shares are up and trading at $101.07 ahead of the opening bell, while MRK trading at $61.40
QQQ's are trading lower this morning at $105.00, support area, SPY at $207.45 also in support area. So what can we expect for today? If these indices remain weak we can expect a revisit of $207.00 and $207.70 area in the SPY and $104.40 for the QQQ
My Bull and Bear list for today:
Bullish stocks: PEP, CAT, PG, AGN, CELG, CAT, ETN, JOY, CMI, INTC, MU, EMC, PVH CSCO, GPRO, TWTR, FB, SPLS, WMT, VOD, TGT, AAPL, YHOO, HPQ, TGT, M, DAL, V, MA, IBM, TJX, GE, JASO, SUNE, LNKD, NVS, GMCR, BBY, IL
Bearish stocks: JCP, NSM, FSLR
What are you watching today? Message me
Good trading everyone,
Anka Metcalf