Thursday, December 15th, 2016

Nasdaq Composite Premarket Trade Management Set Ups Long Short Entry


www.StockMarketFunding.com Nasdaq Composite Premarket Trade Management Set Ups Long Short Entry Day #7 in the Premarket trading series going into the close of the year. We have a “triple witching” options expiration and we expect to see increased “stock market volatility” throughout the trading day. S&P futures vs fair value +3.10. Nasdaq futures vs fair value: +6.50. Stock futures are slightly higher despite an earnings miss from Best Buy (BBY) where the company reported earnings of $0.54 per share versus the Thomson Reuters consensus of $0.61. Revenues declined 1.1% year/year to $11.89 billion versus the Thomson Reuters consensus of $12.45 billion. The company also lowered guidance for full year 2011 to $3.20-3.40 versus their previous $3.55-3.70. A mixed batch of economic data did little to move the markets as PPI and core PPI came in hotter-than-expected at 0.8% and 0.3%. Retail sales and retail sales ex-auto topped expectations at 0.8% and 1.2% respectively. Treasury yields are off their best levels of the session, but are ticking towards session highs with the 10-yr yield up 5.4 basis points to 3.329%. The dollar has firmed up, but is still lower by $0.10 on the session at $79.27.

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