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Monday, July 23, 2012

Market expected to open flat on July 24th inspite of ECB's fine tuning operation.

As expected stock market crashed at the open. Dow was down 240 point in morning, but it recovered 140 point from its lows to close at 12,721. S&P500 recovered 12 point from its bottom to close at 1251. Both S&P500 and Dow managed to closed above resistance of 1248 and 12689. 

Tomorrow, stock market is expected to open flat or lower inspite of ECB's fine tuning operation. This year we saw maximum rally or higher opening in stock market on Tuesday because of ECB's fine tuning operation. If tomorrow market falls by 100 points, then we should see short term rally in VIX. But don't expect VIX to sky rocket, as its still in Contango, which means any rally in VIX will sell off by the end of the day and that's the reason, we saw sell off in UVXY, TVIX, VXX after initial rally. Once VIX moves into backwardation, then any rally in VIX is sustainable. Till then, play with volatility related stocks on daily basis.
S&P500 similarity in pattern
S&P500 similarity with March - April Crash.
For bullish sentiment to continue, Dow needs to break 12,745 and S&P500 needs to break 1352 followed by 1358.

For bearish sentiment to continue, Dow needs to break 12,680 and S&P500 needs to break 1348 followed by 1342.

Dow expected to open flat inspite of ECB's fine tuning operation.
Economic Calendar
TIME (ET)REPORTPERIODACTUALFORECASTPREVIOUS
8:58 amMarkit flash PMIJuly--52.5
10 amFHFA home pricesMay--0.8%

Global Economic Calendar
TIME (ET)REPORTPERIODACTUALFORECASTPREVIOUS
8:58 amMarkit flash PMIJuly--52.5
10 amFHFA home pricesMay--0.8%

Other Stock market moving events:
10 a.m.: Nuclear Regulatory Commission Chairman Allison Macfarlane testifies at a hearing on NRC policy and governance oversight, at a joint meeting of the House Energy and Commerce subcommittees on Environment and the Economy and on Energy and Power.

10 a.m.: Oversight hearing on the impact of the Consumer Financial Protection Bureau on credit availability, at the House Oversight & Government Reform subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs.

2 p.m.: Hearing on the impact of Dodd-Frank’s insurance regulations on consumers, jobs and the economy, at the House Financial Services subcommittee on Insurance, Housing and Community Opportunity.

2:30 p.m.: Consumer Financial Protection Bureau Student Loan Ombudsman Rohit Chopra testifies at hearing on private student loans and providing flexibility for borrowers, at the Senate Banking subcommittee on Financial Institutions and Consumer Protection.

After Hours Percentage Gainer and Loser:
Percentage Gainers
IssueSymbolVolumeLastChg% ChgHighLow
HealthStreamHSTM8,954$26.002.73 11.73$26.00$23.27
Sanmina-SCISANM62,0618.010.83 11.568.147.10
UltratechUTEK14,10432.832.71 9.0032.8330.11
Wet Seal Cl AWTSLA42,4622.870.21 7.892.872.49
Stamps.comSTMP9,20125.471.47 6.1325.4724.00
Westmoreland CoalWLB5,3779.190.53 6.129.198.66
Republic Airways HoldingsRJET43,0244.960.28 5.984.964.68
Merge HealthcareMRGE38,6923.140.17 5.723.142.95
BPZ ResourcesBPZ35,9972.170.11 5.342.172.00
QuidelQDEL12,92017.040.86 5.3217.0416.18
Baidu ADSBIDU1,370,735112.775.67 5.29117.24105.60

Percentage Decliners
IssueSymbolVolumeLastChg% ChgHighLow
DeVryDV422,099$21.40-6.16-22.35 $27.56$21.10
Elan ADSELN304,68711.10-2.41-17.84 13.539.65
Volterra SemiconductorVLTR27,62922.00-3.22-12.77 25.6621.70
Bon-Ton StoresBONT5,9617.10-0.93-11.58 8.047.10
Transcept PharmaceuticalsTSPT6,0506.06-0.57-8.60 6.636.06
Pacific Sunwear of CaliforniaPSUN7,9582.06-0.19-8.44 2.132.06
Grand Canyon EducationLOPE22,98717.50-1.47-7.75 19.2717.50
BlackRock Corporate High Yield Fund IIICYE11,6947.15-0.59-7.62 7.207.05
Apollo Group Cl AAPOL53,70426.78-2.14-7.40 29.4026.53

Earning Calendar
CompanySymbolPeriodEstimated EPSYear Ago EPSActual EPSTimeDetails
Radian Group IncRDN2Q12$ 0.10$ 0.01$Before Market Open-
InvenSense, Inc.INVNQ1 13$ 0.09$ N/A$After Market Close-
Harmonic IncHLITQ2 12$ 0.07$ 0.09$After Market Close-
Aaron's, Inc.AANQ2 12$ 0.47$ 0.41$Time Not Supplied,
Cybex International Inc.CYBIQ2 12$ N/A$ N/A$After Market Close-
Sterling BancorpSTLQ2 12$ 0.15$ 0.08$Before Market Open-
SignatureBankSBNYQ2 12$ 0.89$ 0.87$Before market open-
First Financial BancorpFFBCQ2 12$ 0.30$ 0.27$After Market Close-
Boyd Gaming Corp.BYDQ2 12$ 0.10$ 0.01$Before Market Open-
NEOGEN CPNEOGQ4 12$ 0.26$ 0.25$Time not Supplied-
ROCKY BRANDS INCRCKYQ2 12$ 0.12$ 0.30$After market close-
Spirit Airlines Inc.SAVEQ2 12$ 0.47$ 0.37$Before Market Open-
Astec IndustriesASTE2Q12$ 0.67$ 0.68$Before market open-
MITEK SYSTEMS INCMITK3Q12$ -0.03$ 0.01$After Market Close-
Domino`s Pizza Inc.DPZQ2 12$ 0.46$ 0.40$Before Market Open-
Ecopetrol S.A.ECQ2 12$ N/A$ N/A$After Market Close-
Suncor Energy Inc.SU.TOQ2 12$ N/A$ N/A$Time Not Supplied,
Suncor Energy Inc.SUQ2 12$ N/A$ N/A$Time Not Supplied,
Robert Half InternationalRHIQ2 12$ 0.35$ 0.25$After Market Close,
PulaskiFinancialCorp.PULBQ3 12$ 0.22$ 0.11$After Market Close-
AFLAC IncAFLQ2 12$ 1.61$ 1.56$After Market Close-
Annie's, IncBNNYQ1 13$ 0.12$ N/A$After Market Close,
Lockheed Martin Corp.LMTQ2 12$ 1.91$ 2.14$Time not Supplied-
Sify LimitedSIFY1Q13$ N/A$ N/A$Before Market Open-
Costamare Inc.CMREQ2 12$ 0.29$ 0.45$After Market Close-
Edwards Lifesciences Corp.EW2Q12$ 0.65$ 0.49$After market close-
Ceradyne Inc.CRDNQ2 12$ 0.36$ 0.76$Before Market Open-
A&W Revenue Royalties Income FundAW_UN.TOQ2 12$ N/A$ N/A$Time Not Supplied,
Sevcon, IncSEV3Q12$ N/A$ N/A$After market close-
Unisys Corp.UIS2Q12$ 0.48$ -0.27$After Market Close-
Duff & Phelps CorporationDUFQ2 12$ 0.23$ 0.15$After Market Close-
Wabtec CorpWAB2Q12$ 1.23$ 0.94$Before Market Open-
Tempur Pedic International Inc.TPXQ2 12$ 0.38$ 0.76$After Market Close-
Illumina Inc.ILMNQ2 12$ 0.36$ 0.38$After market close-
Lexmark International Inc.LXKQ2 12$ 1.00$ 1.36$Before Market Open-
Avery Dennison Corp.AVYQ2 12$ 0.54$ 0.78$Before Market Open-
Community Bank System Inc.CBUQ2 12$ 0.50$ 0.56$After Market Close,
Supertex Inc.SUPXQ1 12$ 0.08$ 0.13$After Market Close-
Range Resources Corp.RRCQ2 12$ 0.13$ 0.27$After market close-
Courier Corp.CRRCQ3 12$ 0.19$ 0.03$Before market open-
Peabody Energy CorpBTUQ2 12$ 0.53$ 1.11$Time not supplied-
Buffalo Wild Wings Inc.BWLDQ2 12$ 0.68$ 0.58$After market close-
Proto Labs IncPRLBQ2 12$ 0.20$ N/A$Before Market Open,
Sigma-Aldrich CorporationSIALQ2 12$ 0.98$ 0.93$Time Not Supplied,
Ctrip.comCTRPQ2 12$ 0.11$ 0.27$After Market Close,
EZCORP INCEZPWQ3 12$ 0.61$ 0.53$After Market Close-
Tessco Technologies IncTESSQ1 13$ 0.50$ 0.57$After market close-
NORTHWESTERN CORPNWEQ2 12$ 0.29$ 0.30$Before Market Open-
Husky Energy Inc.HSE.TOQ2 12$ N/A$ N/A$Before Market Open-
Anixter International IncAXEQ2 12$ 1.51$ 1.33$Before market open-
Whirlpool Corp.WHRQ2 12$ 1.64$ 2.76$Before Market Open-
Acadia Realty TrustAKRQ2 12$ 0.24$ 0.17$After Market Close-
Waters Corp.WATQ2 12$ 1.17$ 1.08$Before Market Open-
BE Aerospace Inc.BEAVQ2 12$ 0.68$ 0.54$Before market open-
Penn National Gaming IncPENNQ2 12$ 0.65$ 0.55$Before Market Open-
FirstMerit Corp.FMER2Q12$ 0.28$ 0.27$Before Market Open--
Altria Group Inc.MOQ2 12$ 0.57$ 0.54$Before Market Open,
Virgin Media, Inc.VMEDQ2 12$ 20.13$ 30.06$Before Market Open.
Virgin Media, Inc.VMED.LQ2 12$ 20.13$ 30.06$Before Market Open.
Panera Bread Co.PNRAQ2 12$ 1.43$ 1.18$After Market Close,
Reynolds American IncRAIQ2 12$ 0.77$ 0.71$Before Market Open,
International Game TechnologyIGTQ3 12$ 0.29$ 0.26$After Market Close.
CYNOSURE INCCYNOQ2 12$ 0.10$ -0.10$Before Market Open-
Ramtron International CorpRMTR2Q12$ 0.04$ N/A$After market close-
Metals USA Holdings Corp.MUSAQ2 12$ 0.51$ 0.57$Time Not Supplied,
Ridgeline Energy Services IncRLE.VQ4 12$ N/A$ N/A$After Market Close,
RF Micro Devices Inc.RFMDQ1 13$ 0.01$ 0.08$After Market Close-
Chicago Bridge & Iron Company N.V.CBI2Q12$ 0.72$ 0.62$Time not supplied-
QUESTCOR PHARMACEUTICALS INCQCORQ2 12$ 0.59$ 0.23$After Market Close,
Juniper NetworksJNPRQ2 12$ 0.17$ 0.31$After Market Close-
Liberty Property TrustLRYQ2 12$ 0.63$ 0.65$Time Not Supplied-
USANA Health SciencesUSNAQ2 12$ 0.92$ 0.88$After Market Close-
Infinera Corp.INFNQ2 12$ -0.16$ -0.11$After markst close-
TRUSTMARK CORPTRMKQ2 12$ 0.44$ 0.42$After Market Close-
Pervasive Software IncPVSWQ4 12$ 0.04$ 0.08$After market close-
Wesbanco Inc.WSBC2Q12$ 0.44$ 0.45$After Market Close-
Hawaiian Holdings Inc.HAQ2 12$ 0.17$ 0.00$After Market Close-
NXP Semiconductors N.V.NXPIQ2 12$ 0.40$ 0.51$Before Market Open-
TAL Education GroupXRS1Q13$ 0.04$ 0.09$Before Market Open-
Biogen IdecBIIBQ2 12$ 1.56$ 1.36$Before Market Open-
KAYNE ANDERSON ENERGYKEDQ2 12$ 0.07$ 1.29$After Market Close-
TripAdvisor, Inc.TRIPQ2 12$ 0.41$ N/A$After market close-
BERKSHIRE HILLS BANCORPBHLBQ2 12$ 0.47$ 0.35$After Market Close,
WR Berkley Corp.WRBQ2 12$ 0.62$ 0.46$After Market Close,
Manhattan AssociatesMANHQ2 12$ 0.64$ 0.65$After Market Close,
Websense Inc.WBSN2Q12$ 0.36$ 0.35$After Market Close-
Illinois Tool Works IncITWQ2 12$ 1.11$ 0.96$Before market open-
Netflix Inc.NFLXQ2 12$ 0.05$ 1.26$After Market Close-
orchids paper products co.TISQ2 12$ 0.29$ 0.16$After Market Close-
Norfolk Southern CorpNSCQ2 12$ 1.52$ 1.38$After Market Close-
Cymer Inc.CYMIQ2 12$ 0.06$ 0.89$After Market Close-
Broadcom CorporationBRCMQ2 12$ 0.67$ 0.72$After market close-
UNDER ARMOUR INCUAQ2 12$ 0.10$ 0.12$Before Market Open-
RADCOM LTDRDCM2Q12$ N/A$ N/A$Before Market Open-
Pentair IncPNRQ2 12$ 0.81$ 0.75$Before Market Open-
Alliance Fiber Optic Products Inc.AFOPQ2 12$ 0.15$ 0.16$Time Not Supplied,
Zix CorporationZIXIQ2 12$ 0.04$ 0.04$After Market Close,
Rock Tenn CoRKTQ3 12$ 1.04$ 1.29$After market close-
Century Aluminum CoCENXQ2 12$ -0.05$ 0.26$Before Market Open-
Rogers Communications Inc.RCI.TO2Q12$ 0.86$ 0.85$Before market open-
Rogers Communications Inc.RCI2Q12$ 0.86$ 0.85$Before market open-
Associated Estates Realty Corp.AECQ2 12$ 0.33$ 0.27$After Market Close,
American Campus Communities IncACCQ2 12$ 0.48$ 0.43$After Market Close,
Nabors Industries Ltd.NBRQ2 12$ 0.45$ 0.24$After Market Close-
Total System ServicesTSSQ2 12$ 0.32$ 0.28$After Market Close-
AmSurg Corp.AMSGQ2 12$ 0.50$ 0.41$Time Not Supplied,
Polaris IndustriesPIIQ2 12$ 0.91$ 0.69$Before market open-
Simon Property Group IncSPGQ2 12$ 1.81$ 1.65$Before Market Open-
ASBURY AUTOMOTIVE GROUPABG2Q12$ 0.64$ 0.51$Before market open-
VASCULAR SOLUTIONSVASCQ2 12$ 0.13$ 0.13$After Market Close,
Potlatch Corp.PCHQ2 12$ 0.09$ 0.21$Before Market Open-
ACE LimitedACEQ2 12$ 1.90$ 2.01$After Market Close-
RegionsFinancial Corp.RFQ2 12$ 0.14$ 0.04$Before Market Open-
Ametek Inc.AMEQ2 12$ 0.68$ 0.59$Before Market Open-
PrivateBancorp Inc.PVTBQ2 12$ 0.16$ 0.08$ $Before Market Open,
Rockwell CollinsCOLQ3 12$ 1.16$ 1.01$Before Market Open,
Six Flags, Inc.SIX2Q12$ 0.54$ 0.62$Before Market Open-
Bell Aliant Inc.BA.TOQ2 12$ N/A$ N/A$After Market Close-
AT&T Inc.TQ2 12$ 0.63$ 0.60$Before Market Open-
Western Union CoWUQ2 12$ 0.43$ 0.42$Time not supplied-
United Parcel ServiceUPSQ2 12$ 1.17$ 1.07$Time not supplied-
UMB FinancialCorpUMBFQ2 12$ 0.69$ 0.65$After market close-
Ryder System Inc.RQ2 12$ 1.10$ 0.92$Before market open-
Qiagen NVQGENQ2 12$ 0.23$ 0.21$Time not supplied-
Qiagen NVQGENFQ2 12$ 0.23$ 0.21$Time not supplied-
Pzena Investment Management, IncPZNQ2 12$ 0.08$ 0.10$After market close-
Polycom IncPLCMQ2 12$ 0.20$ 0.26$Time not supplied-
Lennox International IncLIIQ2 12$ 0.95$ 0.84$Before market open-
IROBOT CORPIRBTQ2 12$ 0.09$ 0.29$ $After Market Close-
Hutchinson Technology IncHTCHQ3 12$ -0.39$ -0.31$Time not supplied-
Gentex Corp.GNTXQ2 12$ 0.29$ 0.27$Before market open-
EMC CorpEMCQ2 12$ 0.40$ 0.35$Time not supplied-
EI DuPont De Nemours & Co.DDQ2 12$ 1.47$ 1.37$Time not supplied-
DHT Holdings Inc.DHTQ2 12$ 0.05$ 0.07$Time not supplied-
Compuware Corp.CPWRQ1 13$ 0.04$ 0.08$Time not supplied-
C.H. Robinson Worldwide Inc.CHRWQ2 12$ 0.72$ 0.67$Time not supplied-
Centene Corp.CNCQ2 12$ -0.09$ 0.64$Before market open-
Carlisle Companies Inc.CSLQ2 12$ 1.27$ 0.87$Before market open-
Cabot Oil & Gas Corp.COGQ2 12$ 0.07$ 0.21$Time not supplied-
AMERIS BANCORPABCBQ2 12$ 0.04$ 0.06$Time not supplied-
Air Products And Chemicals Inc.APDQ3 12$ 1.42$ 1.46$Before Market Open-
Jarden CorpJAHQ2 12$ 1.10$ 0.89$Before Market Open-
Riverbed Technology, Inc.RVBDQ2 12$ 0.21$ 0.21$After Market Close,
Synovus FinancialSNVQ2 12$ 0.02$ -0.07$Before market open-
AK Steel Holding Corp.AKSQ2 12$ 0.11$ 0.32$Before Market Open,
Capella Education Co.CPLAQ2 12$ 0.64$ 0.99$Before Market Open,
Healthways Inc.HWAYQ2 12$ 0.07$ 0.17$After Market Close-
Altera Corp.ALTRQ2 12$ 0.39$ 0.65$After Market Close,
FMC Technologies Inc.FTIQ2 12$ 0.49$ 0.39$ $After Market Close-
Weatherford International Ltd.WFTQ2 12$ 0.27$ 0.17$After Market Close-