As expected, today market rallied for no reason, no rumor or any economic data. It was ECB's fine tuning day and that's what caused the rally.We have seen similar insane rally on Tuesday in the past. Such rally is bear trap. Once, Dow jones entered 14020 range and it traded flat in 20 point range, making it difficult for swing traders. Stock market is expected to open lower tomorrow based on chart and since 9 bank are expected to pay 3790 million to ECB. (thats Ponzi scheme). 14020 will be still major resistance to watch on dow jones. I'll post resistance point for Dow jones, S&P500, VXX, UVXY, AAPL, GOOG, XIV, GLD, SLV in separate article. Its still frustrating to trade this market, don't go short as its still not a time for major correction even though chart indicates correction is coming. Its collective effort of ECB and FED thats keeping stock higher. You can't fight fed/ecb so sit on the sideline.
Watch out MM, DMD,HLF,GDOT, MNST for big movement.
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| Dow Jones is expected to open flat lower. |
After Hour Gainer and Loser:
| Percentage Gainers | |||||||||
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low | ||
| NetSpend Holdings | NTSP | 692,684 | $15.97 | 3.68 |  29.94 | $16.09 | $7.63 | ||
| Green Dot Cl A | GDOT | 76,945 | 17.50 | 2.87 | 19.62 | 17.53 | 14.59 | ||
| Demand Media | DMD | 309,207 | 8.99 | 1.15 | 14.67 | 9.75 | 7.83 | ||
| La-Z-Boy | LZB | 20,480 | 17.40 | 1.94 | 12.55 | 17.59 | 15.34 | ||
| Teekay Tankers | TNK | 6,064 | 2.85 | 0.20 | 7.55 | 2.85 | 2.65 | ||
| Pier 1 Imports | PIR | 21,149 | 24.50 | 1.71 | 7.50 | 24.50 | 22.50 | ||
| Sealed Air | SEE | 43,696 | 22.60 | 1.45 | 6.86 | 22.60 | 21.15 | ||
| Humana | HUM | 134,635 | 77.99 | 4.98 | 6.82 | 77.99 | 71.72 | ||
| Allscripts Healthcare Solutions | MDRX | 132,314 | 11.91 | 0.73 | 6.53 | 12.45 | 10.48 | ||
| Grand Canyon Education | LOPE | 51,217 | 27.00 | 1.44 | 5.63 | 27.00 | 23.81 | ||
| Sina | SINA | 283,989 | 56.18 | 2.70 | 5.05 | 57.00 | 51.20 | ||
| DRDGOLD ADS | DRD | 100,230 | 8.61 | 0.36 | 4.36 | 8.61 | 8.21 | ||
| Rambus | RMBS | 50,655 | 6.06 | 0.22 | 3.77 | 6.20 | 5.49 | ||
| Fidelity National Financial | FNF | 72,302 | 26.40 | 0.81 | 3.17 | 26.60 | 25.54 | ||
| Percentage Decliners | |||||||||
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low | ||
| Millennial Media | MM | 652,457 | $10.60 | -3.73 | -26.03 | $14.48 | $9.60 | ||
| bebe stores | BEBE | 9,924 | 3.81 | -0.18 | -4.51 | 4.04 | 3.80 | ||
| Linn Energy | LINE | 9,413 | 34.99 | -1.42 | -3.91 | 36.95 | 34.99 | ||
| Velti | VELT | 18,930 | 4.00 | -0.14 | -3.38 | 4.18 | 3.96 | ||
| Roundys | RNDY | 54,558 | 5.94 | -0.20 | -3.34 | 6.14 | 5.94 | ||
| Meru Networks | MERU | 13,500 | 3.32 | -0.10 | -3.01 | 3.32 | 3.32 | ||
| Northstar Realty Finance | NRF | 354,842 | 8.39 | -0.26 | -3.01 | 8.65 | 8.35 | ||
| Anadigics | ANAD | 6,810 | 2.72 | -0.08 | -2.86 | 2.80 | 2.24 | ||
| NII Holdings | NIHD | 26,668 | 5.85 | -0.17 | -2.83 | 6.02 | 5.77 | ||
| Five Star Quality Care | FVE | 10,545 | 6.00 | -0.17 | -2.76 | 6.17 | 5.89 | ||
| Pandora Media | P | 31,700 | 12.85 | -0.35 | -2.65 | 13.27 | 12.8 | ||
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:00 | EUR | German PPI | med | 1.2 | 1.5 | |||||
| 2:00 | EUR | German PPI | med | 0.3 | -0.3 | |||||
| 2:00 | EUR | German HICP (Final) | high | 1.9 | 1.9 | |||||
| 2:00 | EUR | German HICP (Final) | high | -0.7 | -0.7 | |||||
| 2:00 | EUR | German CPI (Final) | med | -0.5 | -0.5 | |||||
| 2:00 | EUR | German CPI (Final) | med | 1.7 | 1.7 | |||||
| 2:45 | EUR | French CPI | low | -0.2 | 0.3 | |||||
| 2:45 | EUR | French HICP | med | -0.3 | 0.4 | |||||
| 2:45 | EUR | French INSEE Business Confidence | med | 87 | 86 | |||||
| 2:45 | EUR | French HICP | med | 1.6 | 1.5 | |||||
| 2:45 | EUR | French CPI | low | 1.4 | 1.3 | |||||
| 3:00 | EUR | EU Commissioner De Gucht speaks to the EU Parliament's trade committee on EU-US trade talks | low | |||||||
| 5:30 | EUR | German Chancellor Merkel and EconMin Roesler speak at conference | med | |||||||
| 8:30 | USD | PPI (ex Food & Energy) | med | 0.2 | 0.1 | |||||
| 8:30 | USD | PPI | high | 0.4 | -0.3 | |||||
| 8:30 | USD | Housing Starts | med | 0.92 | 0.95 | |||||
| 8:30 | USD | Building Permits | med | 0.92 | 0.91 | |||||
| 10:00 | EUR | Flash Consumer Sentiment | low | -23.2 | -23.9 | |||||
| 14:00 | USD | Fed releases minutes from previous (29-30 Jan) meeting | med | |||||||
| 19:00 | EUR | ECB Governing Council Meeting hold non-rate setting meeting | med | |||||||
Earning Calendar:
Devon Energy Corporation ( DVN ) is reporting for the quarter ending December 31, 2012. The oil (us exp & production) company's consensus earnings per share forecast from the 20 analysts that follow the stock is $0.77. This value represents a -50.32% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DVN is 18.52 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Northeast Utilities ( NU ) is reporting for the quarter ending December 31, 2012. The electric power utilities company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.59. This value represents a -20.27% decrease compared to the same quarter last year. NU missed the consensus earnings per share in the 1st calendar quarter of 2012 by -17.65%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for NU is 17.96 vs. an industry ratio of 8.30, implying that they will have a higher earnings growth than their competitors in the same industry.
DTE Energy Company ( DTE ) is reporting for the quarter ending December 31, 2012. The electric power utilities company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.85. This value represents a -4.49% decrease compared to the same quarter last year. DTE missed the consensus earnings per share in the 1st calendar quarter of 2012 by -21.55%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DTE is 16.39 vs. an industry ratio of 8.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Ameren Corporation ( AEE ) is reporting for the quarter ending December 31, 2012. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.22. This value represents a 57.14% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AEE is 13.63 vs. an industry ratio of 8.30, implying that they will have a higher earnings growth than their competitors in the same industry.
DISH Network Corporation ( DISH ) is reporting for the quarter ending December 31, 2012. The cable tv company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.52. This value represents a -25.71% decrease compared to the same quarter last year. DISH missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -10.61%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DISH is 25.29 vs. an industry ratio of 14.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Garmin Ltd. ( GRMN ) is reporting for the quarter ending December 31, 2012. The electrical instrument company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.74. This value represents a -12.94% decrease compared to the same quarter last year. In the past year GRMN has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 18.03%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for GRMN is 13.36 vs. an industry ratio of 14.80.
MGM Resorts International ( MGM ) is reporting for the quarter ending December 31, 2012. The gaming company's consensus earnings per share forecast from the 18 analysts that follow the stock is $-0.23. This value represents a 9.52% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for MGM is -19.52 vs. an industry ratio of 13.80.
Toll Brothers Inc. ( TOL ) is reporting for the quarter ending January 31, 2013. The building (residential/commercial) company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.11. This value represents a -650.00% decrease compared to the same quarter last year. TOL missed the consensus earnings per share in the 1st calendar quarter of 2012 by -166.67%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TOL is 40.75 vs. an industry ratio of -9.80, implying that they will have a higher earnings growth than their competitors in the same industry.
DENTSPLY International Inc. ( XRAY ) is reporting for the quarter ending December 31, 2012. The medical/dental supplies company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.55. This value represents a 7.84% increase compared to the same quarter last year. XRAY missed the consensus earnings per share in the 4th calendar quarter of 2011 by -1.92%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for XRAY is 19.37 vs. an industry ratio of -14.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Owens Corning Inc ( OC ) is reporting for the quarter ending December 31, 2012. The building company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.16. This value represents a -60.98% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for OC is 38.21 vs. an industry ratio of 25.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Eaton Vance Corporation ( EV ) is reporting for the quarter ending January 31, 2013. The finance/investment management company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.51. This value represents a 27.50% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for EV is 19.11 vs. an industry ratio of 29.10.
Newfield Exploration Company ( NFX ) is reporting for the quarter ending December 31, 2012. The oil (us exp & production) company's consensus earnings per share forecast from the 21 analysts that follow the stock is $0.43. This value represents a -54.74% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for NFX is 11.22 vs. an industry ratio of 16.30.
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