report obviously comes tomorrow with the non-farm payrolls number, and we could see more sideways trading ahead of that event.
Across the pond the ECB just concluded meeting after a dismal run of recent economic data from the continent. Decent auctions this morning from France and Spain have at least stopped the bleeding, but many feel Europe’s Central Bank may need to take action in the not-too-distant future. Still, ECB President Mario Draghi did not announce a rate cut as the decision was revealed at 7:45 am ET, keeping the key lending rate steady at 1%. European stocks held onto gains after the announcement. Gold (NYSEARCA:GLD) dropped this morning around the ECB rate decision, adding to losses after jobless claims.
General Motors (NYSE:GM) headlined this morning’s earnings, and is basically flat after an initial post-report price spike.
Green Mountain Coffee Roasters (NASDAQ:GMCR) is down almost 40% this morning after lowering 2012 guidance in it earnings report last night. The company’s revenue model is irreparably damaged by the expiration of its K-Cup patents, and investors are flooding out of the stock in droves.
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.
*DISCLOSURES: Evan Lazarus is short (NASDAQ:AMZN)