NewsWare’s Trade Talk: Monday, October 14

S&P Futures are positive this morning ahead of a relatively quite day in the markets today. Bond Markets are closed as today is a federal holiday. China's finance minister highlighted the countries stimulus plans without giving specific numbers, addition meetings scheduled for later this month. U.S. to send missile defense system to Israel ahead of the expected Israeli strike on Iran. Shares of Caterpillar are falling after a major broker downgraded the stock. BA is also weak as striking workers continue to hold out. No earnings announcements today due to the holiday. Buffet takes position in Sirius XM. In Europe, markets are mixed to lower with Middle East tensions, this week's ECB announcement in focus. Oil prices are displaying significant weakness this morning as oil prices fall more than -2% in the pre market.