Premarket report for May 22nd: SKS, VG, PNK, DY, SPWR, KFRC, AVID, ANV, NUGT, TZA, UVXY, FAZ, DUST, PETM, EGHT, LTD, HPQ,

Stock market is expected to open lower tomorrow. But the main event begins at 10 am EST when Fed chairman will testify infront of congress and 2 pm EST Fed fomc statement from previous month. 

I'll be watching ANV, NUGT, DY, SPWR, LTD, PETM, EGHT.

After Hours Movers

Top Gaining Stocks Price %Change SKS Saks Inc. 16.31 19.31% VG Vonage Holdings 3.25 18.18% PNK Pinnacle Entertain... 24.47 17.08% DY Dycom Industries I... 23.00 12.69% STAG Stag Industrial 26.00 10.08% SPWR Sunpower Corporati... 23.00 9.52% SVM Silvercorp Metals ... 2.88 9.09% MIG Meadowbrook Insura... 8.47 8.59% TRNS Transcat Inc. 6.96 7.08% LYV Live Nation Entert... 14.70 5.76% ARCI Appliance Recyclin... 2.23 5.69% JKS Jinkosolar Holding... 9.69 5.65% FXEN FX Energy Inc. 5.16 5.31% WLT Walter Energy Inc ... 19.91 4.99% TA Travelcenters of A... 11.44 4.95% RT Ruby Tuesday Inc. ... 9.78 4.38% DATA Tableau Software 55.49 4.20% SCMP Sucampo Pharmaceut... 9.27 3.58% TEAR Tearlab Corporatio... 9.97 3.53% UNIS Unilife Corporatio... 4.07 3.30%

Top Losing Stocks Price %Change KFRC Kforce Inc. 12.17 -15.66% ISSI Integrated Silicon... 8.75 -15.38% AVID Avid Technology In... 6.00 -12.66% ERJ Embraer S/a 34.47 -8.35% MTOR Meritor 6.59 -7.31% NXST Nexstar Broadcasti... 25.50 -7.27% LYG Lloyds Banking Gro... 3.46 -7.24% YY YY Inc. 26.93 -6.52% ESIO Electro Scientific... 10.88 -6.45% PIKE Pike Electric Corp... 12.16 -5.88% VIP Vimpelcom Ltd. Ads... 10.32 -5.41% ASR Grupo Aeroportuari... 109.36 -5.32% AMAG Amag Pharmaceutica... 23.75 -5.30% UAN Cvr Partners LP 25.00 -5.16% CUBE Cubesmart 16.51 -4.90% ISS isoftstone Holding... 4.39 -4.88% TDS Telephone & Data S... 23.87 -3.97% CATY Cathay General Ban... 20.11 -3.92% NGD New Gold 6.29 -3.82% PNX Phoenix Cos. Inc. ... 42.38 -3.51%

Economic Calendar:

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				4:00	EUR	Current account (nsa)	med			12.1
				4:00	EUR	Current account (sa)	med			16.3
				5:00	EUR	Cyprus President and EU Commissioner Schulz hold press conference	low
				10:00	USD	Fed Chairman Bernanke testifies on outlook for the U.S. economy before the Joint Economic Committee of Congress	med
				10:00	USD	Existing home sales	med		4.99	4.92
				10:00	USD	U.S. Treasury Secretary Lew testifies on FSOC before House Financial Services Committee	low
				12:00	EUR	ECB Executive Board member Praet speaks on "Monetary Policy in the Context of Balance Sheet Adjustments" in Washington	low
				13:00	USD	Fed's Fisher speaks on "Federal Reserve Operations and Update on Texas and U.S. Economy" before community forum	low
				14:00	USD	Fed release minutes of prior (30 Apr/ 01 May) FOMC meeting	med
				20:00	EUR	EU Commissioner Barroso meets Cypriot President Anastasiades in Brussels	low
				20:00	EUR	Irish CB Governor Honohan and IMF Deputy Director Chopra speak at conference on "A Banking Union for the Euro Area"	low
				20:00	EUR	ECB Governing Council member Weidmann to give speech "The crisis- opportunity or risk for European Integration" in Paris	low
				20:00	EUR	BoF hosts two day joint conference with Bundesbank about monetary policy and the financial crisis: BoF Governor Noyer, Bundesbank President Weidmann and Fed's Evans to speak (to 24th May)	low

Earning:

Company Name	Time	Transcript	Wall St EPS Est($)	Actual EPS($)
REDIFF.COM -ADR  REDF	N/A	N/A	N/A	N/A
ZALE CORP NEW  ZLC	Before Open	N/A	0.00	N/A
TOLL BROTHERS  TOL	Before Open	N/A	0.07	N/A
TARGET CORP  TGT	Before Open	N/A	0.86	N/A
SYNERON MED LTD  ELOS	Before Open	N/A	-0.11	N/A
STAPLES INC  SPLS	Before Open	N/A	0.27	N/A
REX AMERICAN RS  REX	Before Open	N/A	N/A	N/A
PARTNER COMM  PTNR	Before Open	N/A	N/A	N/A
MAKEMYTRIP LTD  MMYT	Before Open	N/A	-0.13	N/A
LTX-CREDENCE CP  LTXC	Before Open	N/A	-0.06	N/A
LOWES COS  LOW	Before Open	N/A	0.51	N/A
EATON VANCE  EV	Before Open	N/A	0.52	N/A
DIANA SHIPPING  DSX	Before Open	N/A	-0.03	N/A
CITI TRENDS INC  CTRN	Before Open	N/A	0.59	N/A
BOOZ ALLEN HMLT  BAH	Before Open	N/A	0.35	N/A
AMER EAGLE OUTF  AEO	Before Open	N/A	0.17	N/A
WORKDAY INC-A  WDAY	After Market Close	N/A	-0.23	N/A
WESTELL TECH-A  WSTL	After Market Close	N/A	-0.02	N/A
VALUEVISION CLA  VVTV	After Market Close	N/A	0.01	N/A
SYNOPSYS INC  SNPS	After Market Close	N/A	0.44	N/A
SPARTAN STORES  SPTN	After Market Close	N/A	0.37	N/A
SILVERCORP METL  SVM	After Market Close	N/A	0.04	N/A
SHANDA GAME-ADR  GAME	After Market Close	N/A	0.15	N/A
SEMTECH CORP  SMTC	After Market Close	N/A	0.38	N/A
SEAWORLD ENTERT  SEAS	After Market Close	N/A	N/A	N/A
PETSMART INC  PETM	After Market Close	N/A	0.96	N/A
PAC SUNWEAR CAL  PSUN	After Market Close	N/A	-0.19	N/A
ORION ENERGY SY  OESX	After Market Close	N/A	N/A	N/A
OCEAN RIG UDW  ORIG	After Market Close	N/A	-0.22	N/A
NOAH EDUCATION  NED	After Market Close	N/A	N/A	N/A
L BRANDS INC  LTD	After Market Close	N/A	0.46	N/A
HEWLETT PACKARD  HPQ	After Market Close	N/A	0.81	N/A
HEICO CORP  HEI	After Market Close	N/A	0.40	N/A
DRYSHIPS INC  DRYS	After Market Close	N/A	-0.10	N/A
BRISTOW GROUP  BRS	After Market Close	N/A	1.03	N/A
8X8 INC  EGHT	After Market Close	N/A	0.04	N/A