NewsWare's Trade Talk: Wednesday, November 6

S&P Futures are higher this morning with the election outcome in focus. A Republican sweep of the house and senate means less gridlock. Bond yields are on the rise and the dollar is strengthening. Markets are likely to show strong momentum this morning. On the earnings front CVS, IRM, JKHY & PRGO are higher after announcements. After the bell today ARM, QCOM, GILD, MCK and LYFT are scheduled to release. The FOMC meeting begins today with an announcement scheduled for Thursday. In Europe, markets are higher and economic releases were positive. Oil prices are falling as the API's stockpile estimates indicated weakness ahead of today EIA report.