It was Tuesday and It was ECB fine tuning operation day. This year market have opened higher and rallied on most of the Tuesday because of this operation. Based on the chart Dow is expected to open lower tomorrow. Another common scenario has stocks have managed to move above 200 ma everytime it dropped below it. As shown in the chart, Dow closed again below 13,330 and its expected to drop 50-80 point easily if future can open even 10 point low.
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| Dow jones expected to open lower tomorrow unless German court favors ESM |
For bullish sentiment to continue, Dow needs to break 13,335 and S&P500 needs to break 1435.50
For Bearish sentiment to continue, Dow needs to break 13,280 and s&P500 needs to break 1429.
Earning to watch out:
TRC Companies, Inc. ( TRR ) is reporting for the quarter ending June 30, 2012. The pollution control company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.11. This value represents a 83.33% increase compared to the same quarter last year. In the past year TRR has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 176.47%. The "days to cover" for this stock exceeds 29 days.
PMFG, Inc. ( PMFG ) is reporting for the quarter ending June 30, 2012. The pollution control company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.05. This value represents a -58.33% decrease compared to the same quarter last year. PMFG missed the consensus earnings per share in the 3rd calendar quarter by -800%. The "days to cover" for this stock exceeds 13 days.
Streamline Health Solutions, Inc. ( STRM ) is reporting for the quarter ending July 31, 2012. The medical information systems company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.03. This value represents a no change for the same quarter last year. In the past year STRM has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 999%.
Events that will move this market:
For Bearish sentiment to continue, Dow needs to break 13,280 and s&P500 needs to break 1429.
Earning to watch out:
TRC Companies, Inc. ( TRR ) is reporting for the quarter ending June 30, 2012. The pollution control company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.11. This value represents a 83.33% increase compared to the same quarter last year. In the past year TRR has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 176.47%. The "days to cover" for this stock exceeds 29 days.
PMFG, Inc. ( PMFG ) is reporting for the quarter ending June 30, 2012. The pollution control company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.05. This value represents a -58.33% decrease compared to the same quarter last year. PMFG missed the consensus earnings per share in the 3rd calendar quarter by -800%. The "days to cover" for this stock exceeds 13 days.
Streamline Health Solutions, Inc. ( STRM ) is reporting for the quarter ending July 31, 2012. The medical information systems company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.03. This value represents a no change for the same quarter last year. In the past year STRM has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 999%.
| Company Symbol: Market | Expected Report Date | Fiscal Quarter | Consensus EPS* Forecast | # Ests | Previous Report Date | EPS* 1 Year Ago |
|---|---|---|---|---|---|---|
| Champion Iron Mines Limited (CPMNF) | 09/12/2012 | Jun 2012 | -0.01 | 4 | n/a | -0.01 |
| Dollarama, Inc. (DLMAF) | 09/12/2012 | Jul 2012 | 0.64 | 6 | n/a | 0.5 |
| Dollarama, Inc. (DLMAF) | 09/12/2012 | Jul 2012 | 0.64 | 6 | 09/14/2011 | 0.5 |
| Empire Ltd (EMLAF) | 09/12/2012 | Jul 2012 | 1.39 | 4 | n/a | 1.33 |
| Empire Ltd (EMLAF) | 09/12/2012 | Jul 2012 | 1.39 | 4 | 09/14/2011 | 1.33 |
| Pall Corporation (PLL) | 09/12/2012 | Jul 2012 | 0.77 | 7 | 09/07/2011 | 0.76 |
| PMFG, Inc. (PMFG) | 09/12/2012 | Jun 2012 | 0.05 | 5 | 09/13/2011 | 0.12 |
| Spartech Corporation (SEH) | 09/12/2012 | Jul 2012 | 0.12 | 3 | 09/07/2011 | 0.1 |
| Streamline Health Solutions, Inc. (STRM) | 09/12/2012 | Jul 2012 | -0.03 | 1 | 09/12/2011 | 0 |
| TRC Companies, Inc. (TRR) | 09/12/2012 | Jun 2012 | 0.11 | 1 | 09/08/2011 | 0.06 |
| Virco Manufacturing Corporation (VIRC) | 09/12/2012 | Jul 2012 | 0.29 | 1 | 09/14/2011 | 0.19 |
Events that will move this market:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 1:30 | EUR | French CPI | low | 2 | 1.9 | |||||
| 1:30 | EUR | French HICP | med | 0.6 | -0.5 | |||||
| 1:30 | EUR | French CPI | low | 0.6 | -0.4 | |||||
| 1:30 | EUR | French HICP | med | 2.3 | 2.2 | |||||
| 2:00 | EUR | German CPI (Final) | med | 2 | 2 | |||||
| 2:00 | EUR | German HICP (Final) | high | 2.2 | 2.2 | |||||
| 2:00 | EUR | German CPI (Final) | med | 0.3 | 0.3 | |||||
| 2:00 | EUR | German HICP (Final) | high | 0.3 | 0.3 | |||||
| 2:45 | EUR | French Current Account | low | -4.9 | ||||||
| 3:00 | EUR | EU to set out banking union plans | low | |||||||
| 3:00 | EUR | EU's Barroso gives state of union address to European Parliament | low | |||||||
| 4:00 | EUR | German Federal Constitutional Court Issues Ruling on Eurozone Bailout and Fiscal Pact for Budget Discipline | med | |||||||
| 4:30 | GBP | Claimant Count Change | med | -5.9 | ||||||
| 4:30 | GBP | Claimant Count Rate | high | 4.9 | 4.9 | |||||
| 4:30 | GBP | ILO Unemployment Rate | high | 8 | 8 | |||||
| 4:30 | GBP | Average Earnings (incl. bonus) | med | 1.6 | 1.6 | |||||
| 5:00 | EUR | Industrial production | med | -3.3 | -2.2 | |||||
| 5:00 | EUR | Industrial production | med | 0.1 | -0.6 | |||||
| 7:00 | GBP | Speech by BoE MPC's Ben Broadbent at Durham Business School | low | |||||||
| 8:00 | EUR | Banking Union press conference by EU's Barnier | med | |||||||
| 8:30 | USD | Import Price Index | low | 1.5 | -0.6 | |||||
| 10:00 | USD | Wholesale Inventories | med | 0.3 | -0.2 | |||||
| 17:00 | NZD | Press Conference following Monetary Policy Statement and OCR Announcement | high | |||||||
| 17:00 | NZD | RBNZ - Cash Rate | high | 2.5 | 2.5 | |||||
| 18:30 | NZD | BNZ-Business NZ PMI | med | 49.4 | ||||||
| 19:01 | GBP | BoE publishes quarterly bulletin | med | |||||||
| 20:00 | G24 Technical Group Meeting (to Sep 14) | low | ||||||||
| 20:00 | IMF holds scheduled news briefing | med | ||||||||
| 21:10 | NZD | RBNZ's Bollard at Finance select committee | low | |||||||
| 21:30 | AUD | Quarterly Bulletin released | high | |||||||
