Abby Joseph Cohen- Market In Denial?
The markets are fighting with the flatline today, with Abby Joseph Cohen, Goldman Sachs.
Stocks Consolidate Recent Move Near 50 DMA Line
Thursday marked Day 4 of the current rally attempt which means that as long as Monday’s lows are not breached the window is now open for a proper follow-through-day (FTD) to emerge. In order for a proper FTD to emerge one would have to see at least one of the major averages rally at least +1.7% on higher volume than the prior session as a new batch of high ranked leaders trigger fresh technical buy signals. Once that occurs, then the current rally attempt will be confirmed and the ideal window for accumulating high-ranked stocks will be open again. However, if Monday’s lows are breached, then the day count will be reset. Trade accordingly.
American Titan: McDonald's
CNBC’s Carl Quintailla is at the Rock N’ Roll McDonald’s in Chicago with a closer look at this fast food chain and American titan.
The Politics of Gold
Discussing the politics driving the gold wave, with Robert Reich, UC Berkeley and Sen. Judd Gregg, (R-NH).
Nissan CEO: Scale & Collaboration Crucial for Automakers
Carlos Ghosn, president & CEO of Nissan-Renault, tells CNBC’s Kaori Enjoji that the way the car industry is going, “scale and collaboration” between different auto manufacturers is becoming increasingly important.
Cisco CEO: More Optimistic Now on Outlook
Cisco Systems reported sales of $10.4 billion for the third quarter. John Chambers, CEO of Cisco Systems, tells CNBC that Cisco gained market share in every product category in the last quarter.
Dow & Nasdaq Jump Above 50 DMA Line; Where's The Volume?
Wednesday marked Day 3 of the current rally attempt which means that as long as Monday’s lows are not breached the earliest a proper follow-through-day (FTD) could emerge will be this Thursday. In order for a proper FTD to emerge one would have to see at least one of the major averages rally at least +1.7% on higher volume than the prior session as a new batch of high ranked leaders trigger fresh technical buy signals. Once that occurs, then the current rally attempt will be confirmed and the ideal window for accumulating high ranked stocks will be open. However, if Monday’s lows are breached, then the day count will be reset. Trade accordingly.
The Black Swan Returns
Insight on the bearish options bets that initially sparked the thousand point decline on the Dow, with Nassim Taleb, “The Black Swan” author.
March US Trade Deficit $40.42B
The March trade gap is at its highest since December 2008. CNBC’s Rick Santelli and Steve Liesman parse the data.
SEC's Schapiro on Trading
SEC Chairman Mary Schapiro discusses actions the agency is considering to prevent market drops like the one that happened last week.