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Wednesday, November 28, 2012

Stocks for Nov 29th: TIVO, BLOX, LZB, EXEL, THRX, GES

Stock market is expected to open lower after hopium rally as if fiscal cliff was fixed. There is lot of differences between Democrats and Republican and nothing is solved. Check the tweet from Boehner  But, Algos go by headline and not reality. WSJ Hilsenrath article caused additional rally in last hour with its headline, "Fed likely to continue QE in 2013" Algos only read key word and it got everything needed for rally.

Tomorrow, US GDP will be out at 8.30 am and the expectation is 2.8% which is jump from 2% previous month and its way to high. Since election is over expect GDP will come to reality. A GDP of 2.8% removes hope of easing which will cause sell off but a GDP of 2% would mean stock will be flat or higher on the hope of easing. Between 2 to 2.8% stock market will be flat. Jobless claim is expected to show 390k. Since election is over, expect it to also rise above 400k. Every week jobless claim is revised higher. For bullish sentiment to continue, Dow jones need to break 13042 resistance and S&P500 needs to break 1414. For bearish sentiment to continue, Dow jones need to break 12944 and S&P500 need to break 1395. 

Tip of the day - Don't try to chase a stock you'll lose money. Make you plan of entry and exit point and stick to it.

S&P500 is expected to open lower tomorrow
Dow jones expected to open lower tomorrow.
Long term downtrend still intact.
DateTime Currency Importance EventActual Forecast Previous  
Nov. 2903:00 DKK Medium Danish Unemployment Rate     4.80%  
 03:30 SEK Medium Swedish GDP (QoQ)   0.2%  0.7%  
 03:30 SEK Medium Swedish Retail Sales (MoM)   -0.50%  1.70%  
 03:55 EUR Medium German Unemployment Rate   6.9%  6.9%  
 03:55 EUR Medium German Unemployment Change   15K  20K  
 Tentative EUR Medium Italian 10-Year BTP Auction     4.92%  
 06:00 USD Medium FOMC Member Fisher Speaks       
 08:30 USD High Initial Jobless Claims   390K  410K  
 08:30 USD High GDP (QoQ)   2.8%  2.0%  
 08:30 USD Medium Continuing Jobless Claims   3323K  3337K  
 10:00 USD Medium Pending Home Sales (MoM)   0.8%  0.3%  

After Hours Movers

Top Gaining Stocks

BVBazaarvoice Inc.11.6116.45%
SMTCSemtech Corporatio...26.948.11%
KTCCKey Tronic Corpora...10.606.32%
AHPIAllied Healthcare ...2.656.00%
GESGuess? Inc.26.705.74%
VGZVista Gold Corp.3.065.15%
ASBIAmeriana Bancorp7.854.95%
BIOFBiofuel Energy Cor...4.704.91%
PTNTInternet Patents C...3.754.75%
TRLATrulia Inc.17.814.67%
UVEUniversal Insuranc...4.454.46%
CWTRColdwater Creek In...5.053.70%
FBCFlagstar Bancorp I...18.103.49%
XPOXpo Logistics16.923.42%
WALWestern Alliance B...10.453.36%
PPandora Media8.443.18%
PLLPall Corp.62.003.06%

Top Losing Stocks

LZBLa-z-boy Inc.14.01-13.36%
TKRTimken Co.41.41-10.43%
ACHAluminum Corporati...9.63-9.24%
IPXLImpax Laboratories...18.40-8.91%
GMLPGolar Lng Partners...26.09-8.90%
SHSSauer-danfoss Inc....48.10-8.77%
RBARitchie Bros. Auct...20.56-8.21%
FMBIFirst Midwest Banc...11.40-8.06%
GWREGuidewire Software...28.99-7.33%
AROAeropostale Inc.13.10-7.22%
CPECallon Petroleum4.19-6.68%
WFRMemc Electronic Ma...2.80-6.04%
AKSAK Steel Holding3.79-5.25%
LFLeapfrog Enterpris...8.77-4.47%
HTZHertz Global Holdi...14.88-4.43%
GNRCGenerac Holdings32.94-4.41%
TVLLin TV6.04-4.04%
NVMINova Measuring Ins...7.49-3.97%
CVICvr Energy43.59-3.90%

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