Time: 2:26 AM Hawaii
Premarket Update:
Stocks Showing Weakness
- JBL– (best bid @ 26.5 x 2,100) / down 14% to $27.51 on lowered outlook / ugly chart
- GLG – down on gold commodity, GG is down 3%, SLW down 4.47%
- TIE– down 2.86% to $30.30/ Buy-to-sell ratio is 10:100!! / huge sell order 14,650 @ 30.50 = $446,825
- KRY – was up a few minutes ago, but now falling. 23:126 buy-to-sell ratio!
- DIGE- down 4.13% to $35.73 on Cramer’s bearish comments
Stocks Showing Strength
- NVAX– up 16.15% on no news, very unusual
- BBY– up 4.7% ahead of earnings conference call at 10 am ET.
- FRG– up 7% to $4.43
Gold
– fell hard in London to $587.00, but so far showing small signs of reversal in New York exchange. If trend moves upward, go long GG.
PPI
– “Core producer prices up more than expected… 12-month gain held steady at 1.5% increase, which could help temper inflation concerns.” Expect a small rally, but do not trust it. The CPI announcement is more important.
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