Top alert for 2014: MYGN (50%), LIVE (45%), CTIC (115%), KOOL (88%), PZG (32%), GOLD (6%), IOC (6%), RSOL(18%), PLUG (70%), IMMU (26%)

Thursday, June 28, 2012

Trading Strategies for June 28th:SNTA, UVXY, VXX, TZA, OREX, ARNA

After hour earnings. ACN(0.99 EPS est, prv yr 0.93), AZZ(0.81 eps est, prv yr 0.75), camp (0.13 eps est, prv yr 0.02), nke(1.37 eps est, prv yr 1.24), tibx (0.23 eps est, prv yr 0.21), FC(0.08 eps est, prv yr 0.04), swhc(0.17 eps prv yr, prv yr 0.15)

Since March, jobless claims have been rising above the 375,000 level mark, while 3.3 million people filed for their second week of unemployment benefits indicating worsening conditions in the job market. A drop to 385,000 is predicted this time. US GDP of 1.9% is expected. Any number below 1.9% will bring back the fear of recession in stock market. I think recession was never over which began in 2008. Expect very thin volume and lots of rumor out of EU summit. Even a sneeze from Merkel (market will fall) or Monti  (market will rally) can move this market big time.

For Bullish sentiment to continue: Dow needs to break 12625, while S&P500 needs to break 1332. 

For Bearish sentiment to continue:  Dow needs to break 12570, while S&P500 needs to break 1328 followed by 1324 which is key resistance.

In the chart below Red circle and arrow represent Bearish sentiment, Blue Circle and arrow represent Bullish sentiment.

Dow is expected to open lower

SPX is expected to open lower

TVIX is expected to open higher

UVXY is expected to open higher.

After hours big gainerFLOW, HALO, HTLD. ARRY, CAMP, TNK, GFIG, SGU, ENU

After hours big loser: ETP, NYT, LCC, WFT, SNTA (22%), LOPE, GEVA

Stocks for Day trading:

Stocks for Option Trading: CAT, XOM, SPY, QQQ, IBM, PCLN, AAPl, WLT, PCX, GOOG, MT.
Upcoming FDA approval  : BMY/PFE on June 28th. 
NKE  Nike IncQ4 2012 Nike Earnings Release$ 1.37 n/a $ 1.24 28-Jun AMC
ACN  Accenture PLCQ3 2012 Accenture Earnings Release$ 0.99 n/a $ 0.93 28-Jun AMC
FDO  Family Dollar Stores IncQ3 2012 Family Dollar Earnings Release$ 1.07 n/a $ 0.91 28-Jun BMO
AM  American Greetings CorpQ1 2013 American Greetings Corporation Earnings Release$ 0.69 n/a $ 0.78 28-Jun BMO
CAMP  CalAmp CorpQ1 2013 CalAmp Earnings Release$ 0.13 n/a $ 0.02 28-Jun AMC
MOC  Command Security CorpQ4 2012 Command Security Corporation Release of Results$ 0.05 n/a $ 0.01 28-Jun

Economic calendar:

8:30 amWeekly jobless claims6-23385,000387,000
8:30 amGDP1Q1.9%1.9%
Today's Event (EST):
10 a.m.: Hearing on the appraisal industry and the regulations impacting the single-family mortgage market, at the House Financial Services subcommittee on Insurance, Housing and Community Opportunity.

10 a.m.: Hearing to review the tax treatment of capital gains in tax reform, at a joint hearing of the Senate Finance and House Ways and Means committees.

10 a.m.: Hearing to examine privacy protections, focusing on industry self-regulation, at the Senate Commerce, Science and Transportation Committee.

2 p.m.: Hearing on fractional reserve banking and its impact on monetary policy, at the House Financial Services on Domestic Monetary Policy and Technology.

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