Welcome to October! Before going to sleep last night the futures were solid red, and when i woke up, they were solidly in the green. Markets continue to ramp higher here pre-market, and most of Europe is up 1%+. China markets are closed this week for a holiday.
Looks like commodities are getting a serious bid with SLV and AGQ finally breaking out. Those maybe some nice plays but wont buy this gap.
Barron's had a nice pump article on GS over the weekend and it is getting some nice action PM. BIDU was downgraded by Jefferies and is down 2% pre-market, i am very high on BIDU breaking out this week so may have to re-evaluate that thesis.
Ben Bernacke speaks today, but dont expect anything market moving.
Stocks I am watching today with strikes:
LNKD 130 C | SINA 67.50 & 70 C | CF 230 & 235 C | NFLX 57.50 C
Those are the ones watching for now. On a gap like today, need to be cautious as you may lose 25%+ in a flash if you buy into a gap. Lets have a great week! I will be posting a link for audio today and I will go live sometime this morning!