North carolina, and ohio whether we will get a clear result tonight remains to be seen the tenyear note level higher than since early june. Banks among the best performing stocks in the dow and the s p. Oil prices are gaining ground but the Energy Sector is the only in the red. Overall a broad based strong day on wall street. Following gains yesterday as well lets get straight to the big stories we are watching. Mike santoli is here watching the market rally. And ylan moi is following the all important balance of power in the senate for us mike santoli, welcome. Good twoday run in the markets. It is inhabiting the ground we were in the last half of last week and gone right to the middle 3,400 is the middle of the long threemonth range. If you think about it it has taken two days to lift the indexes back onto a balanced footing. We were pretty oversold last week challenged and tested the september lows bounced off of that today. Make sure folks are not leaning too much in one direction
Was checking in around 6 00 a. M. To squawk box but still looking up road map this morning, it starts with a potential trade boost, stocks as you saw pointing to what would be a pretty good open at least if youre long after treasury secretary mnuchin said there is a path to a deal with china. Plus, trade head winds hitting home, fedex saying the ongoing disputes are creating, quote, significant uncertainty for its business outlook. Micron surging this morning, this on strong Quarterly Results. The chipmaker also resuming some sales to huawei and forecasting demand recovery this year. Stocks are looking to rebound this morning, this after treasury secretary Steven Mnuchin expressed optimism about trade talks in a cnbc interview. Here is what he told hadley gamble in bahrain. Im hopeful we see a deal there needs to be the right efforts in place this isnt a deal for having the sake of a deal we were about 90 of the way there. There is a path to complete this but well see where we get. Quo
It is all setting up for the perfect options trade. Well tell you what that is. It is time to risk less and make more the action begins now. Lets get to it next week is the busiest week for earnings season and megacap tech will be center stage, facebook, amazon, microsoft, apple, all set to report representing more than 40 of the nasdaq 100 check out their implied moves. Nasdaq could see a swing enter either direction the Options Market expect the a 5 move for facebook and microsoft and 4. 5 for alphabet and 4 for apple it could represent a more than 180 billion shift in market cap. How should you play the space and which names do you buy lets get to carter, the master. I thought we would look at all as an aggregate and drill down on one, google. Just names you have heard, as big and important as it gets all on deck. Lets look at a few scharts here and t and try to figure it out i want to talk about how important. The top five stops, buy plamarkt cap plus netflix you are talking about