Morning Call: Futures Climb as Tech Leaders Looks to Rebound (RTH, XHB, QQQ)

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April 17, 2012 10:48am NASDAQ:QQQ NASDAQ:QQQQ

US stock futures point to a higher open Tuesday morning, with the Dow looking to add to yesterday’s gain and the Nasdaq looking to recover from heavy selling. It is a divergence we had not seen this year to-date, but something to keep an eye on. The

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. is an online financial media network and education platform that provides active traders and investors with market analysis, real-time access to strategies, and in-depth training from real traders, real-time.   This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.Visit the T3Live Homepage, Virtual Trading Floor, and Learn More About Us.

*DISCLOSURES: Evan Lazarus is short (NASDAQ:LULU).

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