Citizens of Earth,
3) The leading sectors today are commodity inspired. Energy, and Materials are the early winners, while Health Care is your laggard. Small Caps are significantly out-performing the general marketplace today. Treasuries are flat to slightly lower… The VIX has held it’s ground above 14. WTI Crude has rallied, and Gold is flat to slightly higher on the day.
4) There are plenty of earnings to be released tonight, that might have a sever impact on anyone’s P/L. AAPL will be the media darling, but that one’s only pricing in about $2.25 to $2.50 worth of volatility, with the put side being valued slightly higher than the call side. The one that will leave day traders in a sea of joy and anguish tonight will be CMG. That one seems to be pricing in about $16 worth of volatility without a directional bias. Other volatile plays tonight include PNRA, and BWLD. if you play either of those names, just be cognizant that you are looking at 20 May expirations. Neither one of those trades in weekly expirations.