Tech Warnings & Strong Retail Sales

Good morning. Profit warnings from Advanced Micro Devices (AMD) and SAP (SAP) are in focus along with a stronger than expected retail sales report. December retail sales rose +0.9% (consensus 0.7%) while sales, ex-autos, rose 1.0% (consensus 0.5%). Import prices also rose +1.1% in December. Premarket futures have been mixed.

Meanwhile my premarket scans show that buyers are concentrated in NAPS, ASIA, ANTP, SYNT, TOMO, GIGA, PEIX, GRRF, GNTA, INFA, INTU, LVLT, INFY, BRLC, and MOBE. Sellers look in control of STEM, CAMP, AMD, INWK, POOL, MAMA, ATVI, MRVL, KRY, JDAS, and ONSM.

Some interesting rotations were reported in the weekly report from AMG Data (money flows to the S&P, energy and international funds (except Latin America) while outflows were reported in the Russell 2000 and Nasdaq 100). Today traders will most definitely be looking for confirmation of yesterday's rally and the positive momentum created in its wake. Let's make the most of the day!