Valentines day. Grab your coat or scarf and Everything Else is to head out this morning it is a bone chilling cold day in downtown overlooking a live view many of you waking up to temps in the teens but it feels much colder meteorologist scott tracking the bigger blast than a chance for snow tomorrow good morning i should go mornings our good morning everybody and happy valentines day thats right we are tracking chances for snow as we head into the overnight hours will talk about that in just a few minutes. Oh look at these temperatures that were starting off and that means we should be starting off in the hurry is the time of the year with seventeen right now in north its head in an emporia were reporting right now fifteen and hymns and twenty Virginia Beach as well as that are coming in at thirteen and gates felt now the winds have been breezy for the past twenty four hours or so about ten mph being reported at the airport in north at sixteen in Virginia Beach and seventeen right kno
And richland hilltown, pottstown, et cetera. That is the trend as we go through rest of the day you may fine these showers breaking out here and there and that is wider look again, temperatures in the 60s in every location from 60 degrees in the poconos to 68 degrees through Center City Philadelphia our temperatures this have afternoon will be running cool with the clouds we are expecting and these showers high temperatures of 77 degrees. That is definitely cool for the month of august. Now look at this at 2 00 this afternoon this computer model says the scattered, yes, scattered showers around some clouds, areas where clouds are not as heavy, we will move through at 5 00 we will still have scattered showers around and by the time we hit 7 00 they are starting to lesson. If you have a wedding or some other Party Tonight youll than in better shape later on you go and then later than that skies will be clearing out overnight. It does not look bad whatsoever as we watch for a cool, camp d
Is reacting to comments from fed chairman ben bernanke that economic stimulus will continue for now. Homebuilding stocks were among the sectors helping the market pound out gains. Gold bumped 37. Oil slid 1. 90. Meanwhile, at the treasury, a 117 billion dollar Budget Surplus as the government took in more than it paid. Mortrgage rates are on the rise. The 30year fixed jumped to 4. 51 , the highest in 2 years. 15year loans rose to 3. 53 . J. P. Morgan and wells fargo both report earnings today. Joining us now, scott bauer of trading advantage. On the Trading Floor, what is the trader talk today . Will the banks set the tone . Not only is it going to set the tone for today, angie, i think its going to set the tone for the rest of the earnings season, and going into the last quarter of the year, quite frankly. With the recent rise in Interest Rates that weve seen, that really may affect wells fargo more than its going to affect j. P. Morgan, that thats going to give a great insight into w
We are tapping into the trader mind of scott bauer of trading advantage. Hello scott. Hello. Good morning. You are sharing with us your top trading tips starting with, dont be a hero. Why not . Because youre going to fail more often than not. Bottom line. When you go into a trade in the marketplace and i dont care if its in commodities, stocks, equities, options whatever it is, you need to have a set plan and that set plan should not be trying to hit a home run. Because you may hit a home run one out of every ten times but strike out the other nine times. So go in with a plan. Go in with realistic profit expectations and when things dont work outdont ride it out, exit your strategy and go into the next plan, because you know what . Theres always another trade to make. You also say dont pile on. I think this is following the herd mentality. Why does that not work . Heres a great example. We saw abercrombie earnings and the stock was down 20 on real high volume. Dont get into a stock lik
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