Schlumberger (SLB)

Pre-market update: Asian markets traded 0.3% higher.  European markets are trading 0.4% higher.  US futures are trading flat.  Economic reports due out (all times are eastern): MBA Purchase Applications (7), Housing Starts (8:30), EIA Petroleum Status Report (10:30), FOMC Meeting Announcement (2), FOMC Forecasts (2), Bernanke Press Conference (2) Technical Outlook (SPX): Yesterday was a

Pre-market update: Asian markets traded 0.3% lower.  European markets are trading 0.2% lower.  US futures are trading 0.2% higher.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45), Consumer Price Index (8:30), Redbook (8:30), Treasury International Capital (9), Housing Market Index (10) Technical Outlook (SPX): Huge open yesterday lost nearly all of

Pre-market update: Asian markets traded 0.7% higher.  European markets are trading 1.0% higher.  US futures are trading flat ahead of the bell.   Economic reports due out (all times are eastern): Empire State Manufacturing Survey (8:30), Industrial Production (9:15) Technical Outlook (SPX): A huge gap up to occur at the open of 1% and will

Pre-market update: Asian markets traded 0.2% lower.  European markets are trading flat.   US futures are trading flat ahead of the bell.   Economic reports due out (all times are eastern): Producer Price INdex (8:30), Retail Sales (8:30), Consumer Sentiment (9:55), Business Inventories Technical Outlook (SPX): SPX experienced its first sell-off in eight days

Pre-market update: Asian markets traded 0.2% higher.  European markets are trading 0.2% higher.   US futures are trading 0.1% lower ahead of the bell.   Economic reports due out (all times are eastern): MBA Purchase Applications (7), Wholesale Trade (10), EIA Petroleum Status Report (10:30) Technical Outlook (SPX): SPX has closed higher for six

Pre-market update: Asian markets traded 1.0% higher.  European markets are trading 1.1% higher.   US futures are trading 0.6% higher ahead of the bell.  Economic reports due out (all times are eastern): ICSC-Goldman Store Sales (7:45), Redbook (8:55), JOLTS (10) Technical Outlook (SPX): Huge rally yesterday to push the market firmly higher and officially destroying

Pre-market update: Asian markets traded 0.6% higher.  European markets are trading 0.4% lower.   US futures are trading 0.3% higher ahead of the bell.  Economic reports due out (all times are eastern): Consumer Credit (3) Technical Outlook (SPX): A severe whipsaw day in the market on Friday, seeing large 20+ point moves in each

Pre-market update: Asian markets traded 0.4% lower.  European markets are trading 0.1% higher.   US futures are trading 0.4% higher ahead of the bell.  Economic reports due out (all times are eastern): Employment (8:30), Treasury STRIPS (3) Technical Outlook (SPX): An extremely dull market yesterday with little range and little movement in general.  20-day

Pre-market update: Asian markets traded 0.3% higher.  European markets are trading 0.3% higher.   US futures are trading 0.1% higher ahead of the bell.  Economic reports due out (all times are eastern): Challenger Job Report (7:30), ADP Employment Report (8:15), Jobless Claims (8:30), Productivity and Costs (8:30), Factory Orders (10), ISM Non-Manufacturing Index (10), EIA

Schlumbueger (SLB) is the best trade to the long side that I can find out there right now. Starbucks (SBUX) doesn’t look to shabby either. However, the oil plays are the ones that are setting up with the best setups at the moment. SLB is a real possibility for me today. I may