Friday, March 18, 2011

Good morning

It's Friday. Futures are green. 54% of my watch list is green. 28% red. 18% neutral. Weirdly, several are showing green but haven't traded yet, like WNR. AAPL is up to 337.54, mocking my decision late yesterday to take a pass. But it's early, odd things happen and remember, this is options expiry.

The news abroad, though, is fairly positive. Japan is seemingly gaining some control of the nuclear crisis, and Libya is now under serious watch.

Topping the list: CLNE, UCO, SLW, HGSI, SLV, USO all on low to almost zero volume.

Update, 6 am (Hawaii). DJIA is up 108 points (+0.9%). S&P 500 up 8.84 points (+0.7%) and Nasdaq (+7.87 points, +0.3%) is somewhat quiet. AAPL is teetering, down 1% to 331.29 after bouncing of a low of 330.00. AAPL had touched 338 after the opening bell, hung around 336 before barfing for a 30-minute stretch all the way down to 330. Had to be a few hedge funds unloading like drunken sailors.

Banks are giving out dividends again. Cisco (+2.2%) is paying a dividend for the first time.

Yen is down, as coordinated by the G7, while EWJ is up 1.1% to 10.21. They're still working on the nuclear reactor situation in Fukushima. The market has been merciful lately after the initial concerns about the reactors and the lack of info from authorities.

Business Insider: 10 things you need to know before the bell (Mar 18 2011)

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