Pre-Market Report for March 8, 2013 : P, FNSR, SMTC, MXWL, CMTL, MED, FL, ARCO, GCO, ANN, FSYS, ISS, FRM, MEA, MEMS, HYGS

Student Loan Bubble

Based on chart, Market is expected to open higher. Non farm payroll will be out at 8.30 am EST. Does it matter to this market the answer is NO. As long as Fed and ECB printing press in ON, market will move higher whether its 14k or 20k. Federal Reserve Total Assets is at a current level of 3.110T, up from 3.092T last week and up from 2.928T one year ago. This is a change of 0.59% from last week and 6.23% from one year ago. Watch FAZ, C, BAC, P, FNSR for tomorrow. 

Dow Jones Resistance Level:

R3	14,533.02	Fib R3	14,463.65	Brk Out Long	14,404.16
R2	14,465.01	Fib R2	14,413.42	Short	14,366.83
R1	14,397.25	Fib R1	14,380.83	HL2	14,354.38
Pivot	14,329.24	Pivot	14,329.24	HL1	14,341.94
S1	14,261.48	Fib S1	14,277.65	LL1	14,317.04
S2	14,193.47	Fib S2	14,245.06	LL2	14,304.60
S3	14,125.71	Fib S3	14,194.83	Long	14,292.15
				Brk Out Short	14,254.82

S&P500:

R3	1,550.53	Fib R3	1,548.11	Brk Out Long	1,546.64
R2	1,548.15	Fib R2	1,546.51	Short	1,545.45
R1	1,546.21	Fib R1	1,545.47	HL2	1,545.05
Pivot	1,543.83	Pivot	1,543.83	HL1	1,544.66
S1	1,541.89	Fib S1	1,542.19	LL1	1,543.86
S2	1,539.51	Fib S2	1,541.15	LL2	1,543.47
S3	1,537.57	Fib S3	1,539.56	Long	1,543.07
				Brk Out Short	1,541.88

DIA:

R3	143.69	Fib R3	143.37	Brk Out Long	143.16
R2	143.38	Fib R2	143.16	Short	143.00
R1	143.11	Fib R1	143.02	HL2	142.95
Pivot	142.80	Pivot	142.80	HL1	142.89
S1	142.53	Fib S1	142.58	LL1	142.79
S2	142.22	Fib S2	142.44	LL2	142.73
S3	141.95	Fib S3	142.23	Long	142.68
				Brk Out Short	142.52

SPY:

R3	155.46	Fib R3	155.22	Brk Out Long	155.03
R2	155.22	Fib R2	155.05	Short	154.91
R1	155.00	Fib R1	154.93	HL2	154.86
Pivot	154.76	Pivot	154.76	HL1	154.82
S1	154.54	Fib S1	154.59	LL1	154.74
S2	154.30	Fib S2	154.47	LL2	154.70
S3	154.08	Fib S3	154.30	Long	154.65
				Brk Out Short	154.53

AAPL:

R3	445.66	Fib R3	438.72	Brk Out Long	436.60
R2	438.83	Fib R2	434.67	Short	433.59
R1	434.71	Fib R1	432.04	HL2	432.59
Pivot	427.88	Pivot	427.88	HL1	431.58
S1	423.76	Fib S1	423.72	LL1	429.58
S2	416.93	Fib S2	421.09	LL2	428.57
S3	412.81	Fib S3	417.04	Long	427.57
				Brk Out Short	424.56

GOOG:

R3	843.33	Fib R3	839.90	Brk Out Long	836.47
R2	839.97	Fib R2	837.30	Short	834.54
R1	836.29	Fib R1	835.61	HL2	833.89
Pivot	832.93	Pivot	832.93	HL1	833.25
S1	829.25	Fib S1	830.26	LL1	831.95
S2	825.89	Fib S2	828.57	LL2	831.31
S3	822.21	Fib S3	825.96	Long	830.66
				Brk Out Short	828.73

UVXY:

R3	9.90	Fib R3	9.74	Brk Out Long	9.36
R2	9.74	Fib R2	9.56	Short	9.23
R1	9.42	Fib R1	9.44	HL2	9.19
Pivot	9.26	Pivot	9.26	HL1	9.14
S1	8.94	Fib S1	9.08	LL1	9.06
S2	8.78	Fib S2	8.96	LL2	9.01
S3	8.46	Fib S3	8.78	Long	8.97
				Brk Out Short	8.84

VXX:

R3	22.89	Fib R3	22.68	Brk Out Long	22.25
R2	22.69	Fib R2	22.47	Short	22.09
R1	22.31	Fib R1	22.33	HL2	22.04
Pivot	22.11	Pivot	22.11	HL1	21.98
S1	21.73	Fib S1	21.89	LL1	21.88
S2	21.53	Fib S2	21.75	LL2	21.82
S3	21.15	Fib S3	21.54	Long	21.77
				Brk Out Short	21.61

TVIX:

R3	4.56	Fib R3	4.49	Brk Out Long	4.34
R2	4.49	Fib R2	4.41	Short	4.29
R1	4.36	Fib R1	4.37	HL2	4.27
Pivot	4.29	Pivot	4.29	HL1	4.25
S1	4.16	Fib S1	4.21	LL1	4.21
S2	4.09	Fib S2	4.17	LL2	4.19
S3	3.96	Fib S3	4.09	Long	4.18
				Brk Out Short	4.12

XIV:

R3	22.59	Fib R3	22.21	Brk Out Long	22.15
R2	22.21	Fib R2	22.00	Short	21.99
R1	22.03	Fib R1	21.87	HL2	21.94
Pivot	21.65	Pivot	21.65	HL1	21.89
S1	21.47	Fib S1	21.44	LL1	21.79
S2	21.09	Fib S2	21.31	LL2	21.74
S3	20.91	Fib S3	21.10	Long	21.69
				Brk Out Short	21.53

GLD:

R3	153.94	Fib R3	153.57	Brk Out Long	153.14
R2	153.58	Fib R2	153.27	Short	152.91
R1	153.13	Fib R1	153.07	HL2	152.84
Pivot	152.77	Pivot	152.77	HL1	152.76
S1	152.32	Fib S1	152.46	LL1	152.62
S2	151.96	Fib S2	152.26	LL2	152.54
S3	151.51	Fib S3	151.96	Long	152.47
				Brk Out Short	152.24

SLV:

R3	28.34	Fib R3	28.21	Brk Out Long	28.06
R2	28.22	Fib R2	28.11	Short	27.99
R1	28.06	Fib R1	28.04	HL2	27.96
Pivot	27.94	Pivot	27.94	HL1	27.94
S1	27.78	Fib S1	27.83	LL1	27.88
S2	27.66	Fib S2	27.76	LL2	27.86
S3	27.50	Fib S3	27.66	Long	27.83
				Brk Out Short	27.76

TZA:

R3	10.14	Fib R3	10.07	Brk Out Long	9.92
R2	10.07	Fib R2	9.99	Short	9.87
R1	9.94	Fib R1	9.95	HL2	9.85
Pivot	9.87	Pivot	9.87	HL1	9.83
S1	9.74	Fib S1	9.79	LL1	9.79
S2	9.67	Fib S2	9.75	LL2	9.77
S3	9.54	Fib S3	9.67	Long	9.76
				Brk Out Short	9.70

TNA:

R3	86.78	Fib R3	85.70	Brk Out Long	85.46
R2	85.71	Fib R2	85.09	Short	85.01
R1	85.14	Fib R1	84.70	HL2	84.86
Pivot	84.07	Pivot	84.07	HL1	84.71
S1	83.50	Fib S1	83.45	LL1	84.41
S2	82.43	Fib S2	83.06	LL2	84.26
S3	81.86	Fib S3	82.45	Long	84.11
				Brk Out Short	83.66

FAZ:

R3	11.11	Fib R3	11.04	Brk Out Long	10.92
R2	11.04	Fib R2	10.98	Short	10.88
R1	10.94	Fib R1	10.94	HL2	10.86
Pivot	10.87	Pivot	10.87	HL1	10.85
S1	10.77	Fib S1	10.81	LL1	10.81
S2	10.70	Fib S2	10.77	LL2	10.80
S3	10.60	Fib S3	10.71	Long	10.78
				Brk Out Short	10.74

FAS:

R3	164.66	Fib R3	163.09	Brk Out Long	162.62
R2	163.11	Fib R2	162.17	Short	161.94
R1	162.19	Fib R1	161.58	HL2	161.71
Pivot	160.64	Pivot	160.64	HL1	161.49
S1	159.72	Fib S1	159.70	LL1	161.03
S2	158.17	Fib S2	159.11	LL2	160.81
S3	157.25	Fib S3	158.20	Long	160.58
				Brk Out Short	159.90

After Hours Movers

Top Gaining Stocks Price %Change GUA Gulf Power Co. 5.7... 69.90 156.04% NQ NQ Mobile 10.74 22.46% UCD Proshares Ultra DJ... 27.89 22.32% P Pandora Media 14.15 20.63% SMTC Semtech Corporatio... 34.00 10.68% XIN Xinyuan Real Estat... 5.42 9.94% MEET Meetme 2.45 9.87% CNOB Connectone Bancorp... 32.30 9.64% CTC Ifm Investments Ad... 2.71 8.26% EPV Proshares Ultrasho... 26.07 8.26% FANG Diamondback Energy... 26.51 8.16% AMBA Ambarella Inc. 12.93 8.02% GTIM Good Times Restaur... 3.22 7.69% TGD Timmins Gold Corp ... 2.72 7.51% MITT AG Mortgage Invest... 28.12 7.29% BITA Bitauto Holdings 9.69 6.94% VVTV Valuevision Media ... 2.91 6.59% CCIX Coleman Cable Inc ... 10.50 6.49% IMUC Immunocellular The... 2.79 6.08% AEZS Aeterna Zentaris I... 2.69 5.91%

Top Losing Stocks Price %Change MXWL Maxwell Technologi... 7.95 -12.73% CMTL Comtech Telecommun... 24.00 -11.96% LAYN Layne Christensen ... 19.52 -10.87% MED Medifast Inc. 21.95 -10.04% CARV Carver Bancorp Inc... 4.55 -9.54% ICA Empresas Ica S.a. ... 11.36 -9.12% ZQK Quiksilver Inc. 5.74 -8.74% RLH Red Lion Hotels 6.41 -8.65% SKUL Skullcandy Inc. 6.14 -8.63% ACUR Acura Pharmaceutic... 2.45 -8.24% CE Celanese Corp. Ser... 42.67 -8.08% SCTY Solarcity Corporat... 17.89 -7.16% PETM Petsmart Inc. 62.01 -6.82% MAKO Mako Surgical Corp... 11.63 -6.81% AVG Avg Technologies 14.69 -6.37% HMG Hmg/courtland Prop... 15.10 -5.62% SCVL Shoe Carnival Inc.... 18.47 -5.28% KYN Kayne Anderson Mlp... 33.31 -5.13% SOFO Sonic Foundry Inc.... 6.50 -4.83% CHK Chesapeake Energy ... 19.92 -4.47%

Economic Calendar:

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				2:30	EUR	French BoF Business Sentiment	low		96	95
				3:05	EUR	EU Commissioner Almunia speaks on "Banking Crises, Financial Stability and State Aid: The Experience So Far" in Brussels	low
				3:20	EUR	ECB Executive Board member Praet participates in panel discussion on "Banking Crises, Financial Stability and State Aid: The Experience So Far" in Brussels	low
				6:00	EUR	ECB Executive Board member Praet speaks at the Belgian Financial Forum on "Central Banking in Times of Crisis"	low
				6:00	EUR	German Industrial Production	med		-1.2	-1.1
				6:00	EUR	German Industrial Production	med		0.4	0.3
				8:30	USD	Private Payrolls	med		170	166
				8:30	USD	Unemployment	high		7.9	7.9
				8:30	USD	Non-farm Payrolls	high		163	157
				10:00	USD	Wholesale Inventories	med		0.3	-0.1
				20:00	USD	Fed's Duke speaks on "Housing and Mortgage Markets" in Colorado	low

Premarket Earning:

Foot Locker, Inc. ( FL ) is reporting for the quarter ending January 31, 2013. The retail (shoe) company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.72. This value represents a 30.91% increase compared to the same quarter last year. In the past year FL has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 16.67%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for FL is 13.74 vs. an industry ratio of -6.80, implying that they will have a higher earnings growth than their competitors in the same industry. 

Arcos Dorados Holdings Inc. ( ARCO ) is reporting for the quarter ending December 31, 2012. The restaurant company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.21. This value represents a -4.55% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ARCO is 21.77 vs. an industry ratio of 18.00, implying that they will have a higher earnings growth than their competitors in the same industry. 

Genesco Inc. ( GCO ) is reporting for the quarter ending January 31, 2013. The retail (shoe) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.13. This value represents a 8.12% increase compared to the same quarter last year. In the past year GCO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.46%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for GCO is 11.94 vs. an industry ratio of -6.80, implying that they will have a higher earnings growth than their competitors in the same industry. 

ANN INC. ( ANN ) is reporting for the quarter ending January 31, 2013. The retail (shoe) company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.05. This value represents a -50.00% decrease compared to the same quarter last year. In the past year ANN has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.7%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ANN is 14.21 vs. an industry ratio of -6.80, implying that they will have a higher earnings growth than their competitors in the same industry. 

Fuel Systems Solutions, Inc. ( FSYS ) is reporting for the quarter ending December 31, 2012. The auto (truck) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.03. This value represents a -142.86% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FSYS is 63.82 vs. an industry ratio of 11.50, implying that they will have a higher earnings growth than their competitors in the same industry. 

iSoftStone Holdings Limited ( ISS ) is reporting for the quarter ending December 31, 2012. The information technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.13. This value represents a -7.14% decrease compared to the same quarter last year. ISS missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -22.22%. The days to cover, as reported in the 2/15/2013 12:00:00 AM short interest update, increased325.7602 from previous report on1/31/2013 12:00:00 AM Zacks Investment Research reports that the 2012 Price to Earnings ratio for ISS is 13.92 vs. an industry ratio of 3.00, implying that they will have a higher earnings growth than their competitors in the same industry. 

Furmanite Corporation ( FRM ) is reporting for the quarter ending December 31, 2012. The business services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.03. This value represents a -75.00% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FRM is 201.67 vs. an industry ratio of 36.70, implying that they will have a higher earnings growth than their competitors in the same industry. 

Metalico Inc ( MEA ) is reporting for the quarter ending December 31, 2012. The consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.02. MEA reported earnings of $0.06 per share for the same quarter a year ago; representing a a decrease of -133.33%. MEMSIC, Inc. ( MEMS ) is reporting for the quarter ending December 31, 2012. The electric company company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.04. This value represents a -180.00% decrease compared to the same quarter last year. In the past year MEMS has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 75%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for MEMS is -169.50 vs. an industry ratio of 2.30. 

Hydrogenics Corporation ( HYGS ) is reporting for the quarter ending December 31, 2012. The alternative energy company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.28. This value represents a 55.56% increase compared to the same quarter last year. In the past year HYGS has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 999%. The "days to cover" for this stock exceeds 19 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HYGS is -5.41 vs. an industry ratio of 13.30. 

After Hour Earning: None