28 April 2015

SP 500 and NDX Futures Daily Charts - Twittering Past the Graveyard


The new economy momentum darling, Twitter, accidentally leaked its numbers before the close.

The leak on their website was tweeted out by an analyst and the stock plunged for a time until trading was halted.

They missed on revenue and lowered forecast. When you are holding fat multiples and miss the results can be quite messy.

Buffalo Wild Wings announced that it missed and that stock was spanked after the bell.

Tomorrow will be a huge day for macro data with the GDP Q1 estimate and the FOMC decision.

Have a pleasant evening.