gains this morning follow the bullish action in the European equity markets, and come despite a lackluster earnings report from Goldman Sachs (NYSEArca:GS). The closely-monitored ZEW index of German investor sentiment surprisingly rose for the fifth straight month, perhaps indicating fears about the Eurozone debt crisis are not yet returning to panic levels.
Goldman (NYSEArca:GS) is down 1.5% in the pre-market after reporting lower revenue vs. the year ago period. The revenue drop was enough to outweigh growth in net earnings and a 31% increase in the dividend to 46 cents.
Yesterday tech leaders Apple (NASDAQ:AAPL) and Priceline (NASDAQ:PCLN) accelerated their recent troubles, and are now both around 10% off highs. The stocks had been in a steady uptrend all year until the past week, when it seems droves of investors decided to take profits. The market would get a big lift if these stocks can steady the ship and bounce back. AAPl had retreated as low as $570 overnight, but now is set for a higher open.
There are a number of data points in tap for this morning, beginning with Housing Starts at 8:30 EDT and followed by Industrial Production and Capacity Utilization at 9:15.
Evan Lazarus has been in the equity trading business for 12 years. 9 years ago, he took a managing director position at Sperling Enterprises, LLC. At Sperling Enterprises, Mr. Lazarus, along with Scott Redler, managed the firm’s traders and developed its highly successful training program. His core competency lies in understanding the difficult psychological aspect of trading, and his ability to mentor other traders. Mr. Lazarus became a partner in Sperling Enterprises in 2006 and in 2007, he helped facilitate the merger between Nexis Capital and Sperling Enterprises creating the entities known today as T3 Live, LLC and T3 Trading Group, LLC, a Registered SEC Broker-dealer and Member of the CBOE Stock Exchange (“CBSX”). T3 Live, LLC is well known Trading education firm and T3 Trading Group, LLC is a Proprietary Trading firm.
Mr. Lazurus is the Chief Knowledge Officer of T3 Live, LLC and is a currently a registered T3 Trading Group, LLC Associated Person and T3 Live Contributor.
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