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Monday, August 27, 2012

Trading Strategies for August 28th: DY, BWS, PWRD, PVH

Based on the chart, stock market is expected to open lower inspite of ECB fine tuning operation which has caused maximum rally this year. So don't be surprise if market rallies for no reason in the middle of the day.

For bullish sentiment to continue, Dow needs to break 13,155 and S&P500 1414.
For bearish sentiment to continue, Dow needs to break 13,091 and s&P500 1408.

Dow jones
Dow Jones expected to open lower.
dow jones robo computer.
Unexpected spike at the close.
UVXY finaly in bullish zone and expected to rally. But sell off at 5.18
Percentage Gainers
IssueSymbolVolumeLastChg% ChgHighLow
Brown ShoeBWS23,848$16.401.006.49$16.75$15.25
MolycorpMCP455,93710.080.56 5.8810.109.53
PVH Corp.PVH248,84493.254.76 5.3893.5088.23
NewLink GeneticsNLNK10,44113.990.65 4.8713.9913.34
Rochester MedicalROCM7,76911.640.46 4.1111.7211.18

Percentage Decliners
IssueSymbolVolumeLastChg% ChgHighLow
Perfect World ADSPWRD128,863$9.60-0.92-8.75 $11.02$9.51
VringoVRNG77,3993.24-0.17-4.99 3.383.24
STMicroelectronicsSTM6,5655.63-0.20-3.43 5.855.63
New America High Income FundHYB5,10011.30-0.19-1.65 11.4911.27
Rogers Communications Cl BRCI36,90039.87-0.63-1.57 39.8739.87

Economic Calendar
TIME (ET)REPORTPERIODACTUALFORECASTPREVIOUS
9 amCase-Shiller home price indexJune--2.2%
10 amConsumer confidence indexAug.66.065.9