we have the platinum partners and alan knuckman from the pits of the cme. alan, how is it ending up there. we have another 15 minutes before end of trading there. what is happening? what do they see happening next week? >> well it is not a good day, that's for sure. you always come to me pause i'm optimistic. david: you are. >> it is just one day. we were 10 points from the all-time forever highs in the s&p. nasdaq is not market. we like to focus on it and need to focus on s&p being down 1% is not catastrophic. that is just a bit of a blip after the run we've had the last couple weeks. liz: after all the companies that have reported, 68 to 70% of them actually beat estimates. are you comfortable with that level? >> yeah. it is a little lower than we've seen in the past quarters but continued pattern. set a very low bar. what i'm most encouraging by we're not seeing lower guidance like we've seen the last quarters. they came out with numbers that beat but next quarter they may not. we haven't seen that much this quarter. i think we're getting past that, where

>>alan knuckman with one stop optionsthanks. >>thank you. and that's first business for a wednesday morn'. tomorrow -- movies and money.they're calling it johnny depp's worst flop ever.why the star is taking a big box office hit with "transcedence."that's on thursday show. i'm bill moller. from all of us here, we thank you for watching. >> announcer: the following is a paid program for the clear tv digital antenna, brought to you by tristar products, inc. >> hi. i'm brian hyder. let me ask you a question. how much money are you paying your cable or satellite company to watch tv right now? >> 75 bucks a month. >> over $80. >> $73 a month. $90. >> on today's show, we're gonna let you in on a little secret -- one that cable and satellite companies don't want you to know about. you can watch your favorite broadcast television shows for free. that's right, free. all you need is the clear tv hd digital antenna. clear tv gives you free over-the-air access to hundreds of broadca

alan knuckman, jo ling kent of the we appreciate it on very touch-and-go day. david: have a great weekend. liz: man versus machine when it comes to trading these days. lately, you know what happened down at the cme. a glitch shut down commodity trading in certain pits for hours. how dominant should computers really be? what happens when they break down? traders came running down their offices to use old hand signal open outcry trading. up next we're going to trade school to look what all those signs mean and is it a dying art? david: that's fun. in a surprise move overstock.com ceo patrick byrne, one of our favorites is stepping down as chairman of the board. he will still be ceo. he stepping down as chairman. why is he giving up this spot at the head of the table and what will it mean for this company. in a fox business exclusive, mr. patrick byrne, mr. overstock.com. liz: he is joining us. you heard jo ling articulate but is now the time to start scooping up some cheaper names? we love to hear your thoughts on this, @fbnatb. is there really anything fundament

what a way to start a monday.joining us from the floor of cme group--- alan knuckman and scott shellady here to rock it out in traders unplugged. happy monday guys. topic number 1--ipo pigs - the 5 billion dollar hog ipo by wh group -- smells badly to some investors -- what will that mean? alan: the first thing i want to say is it's all about timing. they're putting this out there with the all time highs in hogs. 5 billion is a lot of money but what is most egregious is these guys get a 600 million dollar bonus in stock shares, not options. so they are getting paid out right now. scott: the crime of the century is the fact that it's a smash and grab because we have had more ipo's in the last quarter than we've had since 2000. so they're coming for the money. the other problem is they are going to get away with it and they will get paid and life goes on. it was a big merger and it probably should have happened and it was probably good for both companies but at the end of the day it is egregious and should not happen. angie: topic number 2--salad spinner - produce prices are on the rise w

scott shellady and alan knuckman - primed and pumped for their no holds barred brawl we call traders unplugged. ready? okay number 1-- soda pop - starbucks is rumored to buy a stake in sodastream, so which stock is a buy? alan: as you know i'm a recovering soda addict and i got through because of sodastream and the fizzy water. i like starbucks as a chart a lot better. it's been trading between 70-80, the breakout target is 90 which is 30% above. i'm not so certain on sodastream's long term prospects. scott: for the kids out there, look what drinking soda does to you. if you look at both of the charts year to date starbucks is down 9.8%, sodastream 15%. we haven't been waiting to see how they are doing selling beer. let's see what happens with the beer and then we'll start making a judgement call. bill: round 2--russian in- prognosticate the politics - what does this mean for making money? alan: i think it all comes back to the money. i think eventually the army's not going to win. that's not going to be an arms battle, i think it's going to be an economic battle. their stock market

alan knuckman of one stop options joins us now. good morning alan and will this trend continue? i'm hearing its $5.28 per pound right now at the store. > > i think so. the only cure for high prices are higher prices and that will stop the consumer demand and the wholesalers will get caught. so eventually that will come into play. but how much higher i don't know. you're seeing record prices not only with beef, but pork as well so it doesn't give consumers that much choice. > > and what about the charts-- what's going on with cattle futures? > > cattle futures have gone absolutely nothing but straight up. we've seen a little bit of profit-taking pullback-- a couple of cents, but every time the market sold off, you take that distance of the sell-off add it on to the highs, that's the upper target here. so i still think there's more upside in the market and like i said, when you're dealing something like cattle, it really takes a long time for the system to come back into the play after the calling of the herd that we had in 2011 because of the drought in 2012. it takes a long time

alan knuckman and scott shellady are you ready to rumble? alan: let's do it. angie: here's topic number 1-- history lesson. now is considered by some the best time in history to invest in the market. what reasons do you see for buying stocks? alan: i like that we both agree on this. it's absolutely true. we have a level playing field. the combination of technology, tight spreads, and low commissions make it the best time ever for the retail investor. they can execute their trading plan and control their risk. that's what you need in these markets. scott: it's about availability, scalability, and how you enter and exit the market and yes i totally agree with you. whether or not the market is too high or not is a different story.i think that now the at home trader or retail trader has the best spreads they've ever had. alan: and they don't have to pay the million dollars that you did for your seats. they have access to the markets anytime, any direction, any market. this internet is going to work for everybody i think. scott: i agree. angie: topic number 2--mone

joining us now alan knuckman of one stop options. i know traders were buzzing about this. so what are people saying? >>there's a lot of shock value to what he said. obviously he's trying to sell books. he's a great writer but i think he's trying to get a lot of attention. investors have never had the tools that they have now to be successful so i think it's a misnomer to say that things are in one person's favor versus another. >>it could be true. michael lewis contends that high frequency traders have a fraction of a second to jump ahead of other traders and investorsalso known as front running. isn't that completely possible? >>no. the answer is no. the spreads now are tighter than they have ever been. we're talking about parts of a penny. so if you're an investor and you're trading for weeks, months, years part of a penny's not going to matter. the markets now are more efficient than they've ever been. spreads are tighter, your commission costs are lower. your overall trading costs are the lowest they've ever been in history. also there's more participancyyou can execut

let's get down to it now with trader alan knuckman of one stop option. good morning to you. >>good morning angie. >>you're watching the market for us today as well as the ukraine crisis. what do you think here alan? >>you always have to pay attention to geopolitical concerns but that adds volitilityit doesn't change the fundamentals. so unless something serious happens i think it's just hiccups in the marketplace and i have an old theme we want to stick toit's called show me the money. eventually with what we're seeing with the stock market in russia, that's going to put some serious pressure. they are 25% off their highs from october and they're down near 5 year lows. that's going to cause a change over there more so than any military issues that we may come across. >>we begin the back half of the earnings season today. what's on your list? >>i'm happy and i'm more happy with the market reaction than anything else. that's how we measure things. the markets have reacted very well. just a couple days ago we were within 10 points of the all time highs in the s&p. keeping that k

the wild week in the stock market just became wilder as alan knuckman and scott shellady join us from the floor of cme group for traders unplugged. good morning guys. let's start with topic number 1- bearly sell? darling tech stocks facebook and tesla fell into bear market territory? what's your play on these momentum stocks? alan: they're coming back down to their support pointstheir breakouts from last fall. that could be leaned on from risk reward. but you've gotta be careful with any of these momentum stocks. they can go a lot higher than you think and they can go a lot lower than what you think for sure. scott: i think a lot of the work has been done now. what was going to take a momentum stock even higher from here is more momentum. i think globally and as far as the u.s. economy goes, we're kind of running out of steam here . we're at the top of that mountain, we're running out of oxygen. if they fall back again take another look. alan: tesla is still up 400% over the last year. scott: so get long at 400%? alan: but from a risk reward it's hard to be a buyer when it's up that m

let's turn to trader alan knuckman at cme. what is driving the trade today because we are doing a lot better than we were on friday. >> we're not going up that much. we're getting a little bit of a bounce. looking market reaction, not so much actions. we had to sell off after the all-time highs. melissa: alan, let me stop you, everyone hear on the set growned we're not doing that well. well all rolled our eyes and growned. think about where we were on friday. we were major selloff. give me a break. >> if you're betting market this is best ink that can happen. market is correlated to financials. we worried about jpmorgan and citigroup comes out with a surprise on the upside. that is good. >> that is, citigroup at a support point. it had very limited downside. it is really sideways lowest level but i'm looking to see how the market reacts. if you look at midpoint numbers, at that is what i focus on the big picture, s&p midpoint from the 1897 to 1738 low on february 5th. we closed just below that on friday. it is important we're

alan knuckman down at cme with more on that. alan, energy leading the way. how come? >> i don't know exactly why but i know it is leading the way and nice shift out of the technology driving the bus in the stock market. i think it's a very healthy sign having energy stocks lead because it shows the ability to pay. the fact that crude oil is holding up $100 a barrel. we're trading between 95 and 105 for 2 1/2 months. so i look at that as a very positive sign. melissa: alan, let me ask youings about we're in a tight trading range, not at love volatility or volume as well because people are still on holiday. what do you expect for the rest of the week? >> right. we're seeing a lost earnings. this is very important earnings. a third of s&p stocks report. keep an eye on apple. i mentioned about this couple monthed ago and got poo pooed. apple is in position to make a big move, not necessarily up maybe but i think it could make a big move. you could see 580 in apple that could really reflect well in the nasdaq and get it out of the doledrum and get it back to the 3600 in th

david: on friday cme contributor alan knuckman made a point about the fed that rather firmly contestedook. >> fed has been in this business for a long time. not recently they supported market when they thought -- david: hold on, alan. not like this. no, no. no, no. there has been, this is historic. >> they will do what they can do. >> alan, $4 trillion portfolio. we've never had anything close to that, come on. so with the fed meeting this week to talk among other things about how to unwind that $4.1 trillions portfolio we decided to bring alan back along with another cm e-trader with slightly different view of things, our old buddy todd horowitz. you guys are together. don't get violent with each other. you promise me that before we begin this, right? >> absolutely. david: it is after all good television. todd, first to you. we heard from alan, i say that unwinding an historic $4.1 trillion portfolio is a big deal. alan, doesn't see it as such a big deal. what do you think? >> hi, david. you know i think this is a huge deal. i think this will cause a tremendous ripple effect. if we ha