the news. While stocks are heading lower in the pre-market, the damage is minimal.
Stocks were very strong last week, but that momentum petered out this week and yesterday’s action suggested investors did not have high expectations for today’s report. The number was worse than expected, not a complete disaster, and it will likely do nothing to incite further supportive action for the economy by policy makers. Gold (NYSEARCA:GLD) pared overnight losses after the report, climbing back to the flat levels from the close of yesterday’s session.
LinkedIn (NASDAQ:LNKD) held onto gains from last night post earnings report, and is set to open 10% higher near the highs from its IPO day. First Solar (NASDAQ:FSLR), after a big top line miss, is actually headed for a slightly higher open. Given how much the stock has been beaten down, investors didn’t seem to have high expectations for the company’s report. It will be interesting to see whether it is bought up during the session on this report.
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 has no positions.