Stock market is expected to open higher tomorrow because its Tuesday and its ECB fine tuning. In last 1 year, stock market have opened higher or rallied on Tuesday and Friday. This market will not correct itself, unless it open lows on Tuesday and closes in red by 100 point. Alcoa earning was bad, and ideally market should close in red tomorrow.
I'll be watching SHLM, AA, VHC, MG, AAPL, UVXY, TZA for day trading.
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 2:00 | EUR | German Trade Balance | med | 15 | 13.7 | |||||
| 2:00 | EUR | German Current Account (nsa) | low | 14.2 | 11.3 | |||||
| 2:30 | EUR | French BoF Business Sentiment | low | 95 | 96 | |||||
| 2:45 | EUR | French Trade Balance | low | -5.45 | -5.86 | |||||
| 9:30 | USD | Fed's Lacker speaks at the second annual meeting of the Global Society of Fellows on "Ending Too-Big-to-Fail Is Going to be Hard Work" | low | |||||||
| 9:30 | IMF releases World Economic Analytical Chapters | med | ||||||||
| 10:00 | USD | Wholesale Inventories | med | 0.5 | 1.2 | |||||
| 12:00 | EUR | ECB's Asmussen speaks in Nuertigen, Germany | low | |||||||
| 13:00 | USD | Fed's Lockhart gives welcome to the Federal Reserve Bank of Atlanta Financial Markets conference | low | |||||||
| 13:15 | USD | Fed's Kocherlakota moderates a panel before the Federal Reserve Bank of Atlanta Financial Markets conference | low | |||||||
| 20:00 | USD | President Obama sends 2014 budget to congress | med | |||||||
After Hours Movers
Premarket Earning:
Synergy Resources Corporation ( SYRG ) is reporting for the quarter ending February 28, 2013. The consensus earnings per share forecast from the 5 analysts that follow the stock is $0.06. SYRG reported earnings of $0.06 per share for the same quarter a year ago;
ZEP is reporting for the quarter ending February 28, 2013. The cleaning company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.11. This value represents a no change for the same quarter last year. ZEP missed the consensus earnings per share in the 3rd calendar quarter of 2012 by -11.43%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ZEP is 12.41 vs. an industry ratio of 18.90.
After Hour Earning:
| Company Name | Time | Transcript | Wall St EPS Est($) | Actual EPS($) |
|---|---|---|---|---|
| CHINACACHE INTL CCIH | After Market Close | N/A | N/A | N/A |
| PRICESMART INC PSMT | After Market Close | N/A | 0.80 | N/A |
| SEACHANGE INTL SEAC | After Market Close | N/A | N/A | N/A |
