i am extremely nervous being long. however, system has said LONG. this trade will be closed out by EOD. will not hold overnight. surf
The Surf Report
- Thread starter marketsurfer
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stopped out, then reentered near close when signaled fired for a few points. out and flat
PepsiCo pulled off a corporate coup de tat purchasing both the Pepsi Bottling Co and Pepsi America for a cool $7.8 billion dollars. This acquisition gives PepsiCo control over 80% of its North American beverage market. The National Association of Realtors had good news that pending homes sales have increased for the fifth month in a row spurring the stock rally onto another day of gains. Stocks traded mixed for most of the day, with the lagging DJIA rocketing positive in the final minutes. The DJIA ended up 33.63, the Nasdaq added 2.70 and the S&P 500 advanced 3.02.
Here are 7 stocks you need to know for Wednesday.
Owens Corning (OC | Quote | Chart | News | PowerRating) is forecasting a second quarter EPS of 11 cents on Wednesday before the bell.
GPS maker, Garmin (GRMN | Quote | Chart | News | PowerRating), expects to see an EPS of 51 cents Wednesday before the open.
One time Michael Jackson financier, Fortress Investment Group (FIG | Quote | Chart | News | PowerRating), has investors looking for second quarter earnings of 7 cents prior to trading on Wednesday.
A fat loss of $2.57/share is the expected second quarter number for quasi government mortgage giant, Freddie Mac (FRE | Quote | Chart | News | PowerRating).
Dean Foods Co (DF | Quote | Chart | News | PowerRating) is forecast to reveal an EPS of 42 cents Wednesday before the bell for the second quarter.
Fashion work horse, Polo Ralph Lauren (RL | Quote | Chart | News | PowerRating), finished its fiscal 1st quarter of 2010 expecting an EPS of 49 cents.
Insurance giant Allstate (ALL | Quote | Chart | News | PowerRating) reports Wednesday after the bell for the second quarter with a forecast EPS of $1.12.
INDEPENDENT RESEARCH
PepsiCo pulled off a corporate coup de tat purchasing both the Pepsi Bottling Co and Pepsi America for a cool $7.8 billion dollars. This acquisition gives PepsiCo control over 80% of its North American beverage market. The National Association of Realtors had good news that pending homes sales have increased for the fifth month in a row spurring the stock rally onto another day of gains. Stocks traded mixed for most of the day, with the lagging DJIA rocketing positive in the final minutes. The DJIA ended up 33.63, the Nasdaq added 2.70 and the S&P 500 advanced 3.02.
Here are 7 stocks you need to know for Wednesday.
Owens Corning (OC | Quote | Chart | News | PowerRating) is forecasting a second quarter EPS of 11 cents on Wednesday before the bell.
GPS maker, Garmin (GRMN | Quote | Chart | News | PowerRating), expects to see an EPS of 51 cents Wednesday before the open.
One time Michael Jackson financier, Fortress Investment Group (FIG | Quote | Chart | News | PowerRating), has investors looking for second quarter earnings of 7 cents prior to trading on Wednesday.
A fat loss of $2.57/share is the expected second quarter number for quasi government mortgage giant, Freddie Mac (FRE | Quote | Chart | News | PowerRating).
Dean Foods Co (DF | Quote | Chart | News | PowerRating) is forecast to reveal an EPS of 42 cents Wednesday before the bell for the second quarter.
Fashion work horse, Polo Ralph Lauren (RL | Quote | Chart | News | PowerRating), finished its fiscal 1st quarter of 2010 expecting an EPS of 49 cents.
Insurance giant Allstate (ALL | Quote | Chart | News | PowerRating) reports Wednesday after the bell for the second quarter with a forecast EPS of $1.12.
INDEPENDENT RESEARCH
Stocks are resting on this first day of the new trading week. Lack luster earnings news and absent economic reports have shares trading slightly negative midway through the session. The market has experienced a huge run up in price therefore a bit of a pull back is to be expected. However, it may be a substantial drop. If you look at the VIX futures, they are indicating a 68% chance that the S&P 500 will move as much as 7.2% over the next 30 days, per the analysts at Bloomberg. This is determined by the spread between the futures and the index which is the widest since August 2008, right before the big drop in September/October 2008. Fundamentally things look positive, but these underlying technical signs can be interpreted as grim. Will the positive fundamental changes counteract the traditional signs of an impending drop?
The respected head of Templeton Asset Management, Mark Mobius, made the dire prediction of an imminent 30% decline in global stocks today. This highly negative sentiment combined with the VIX future spread signaling a sharp increase by the historically bearish September/October time frame sent shares lower on the session. The DJIA ended down 32.12 after trading lower on the day, the Nasdaq fell 8.01 and the broad based S&P 500 gave back 3.38.
Related Quotes
Symbol Price Change
AMAT 13.53 +0.01
BOBE 28.27 0.00
CRTX 9.79 +0.81
FOSL 27.72 +0.58
RICK 8.16 +0.15
{"s" : "amat,bobe,crtx,fosl,rick,sap,tibx","k" : "c10,l10,p20,t10","o" : "","j" : ""} Here are 7 stocks you need to know for Tuesday.
Tibco Software (NasdaqGS:TIBX - News) is rumored to be acquired by SAP AG (NYSE:SAP - News). TIBX and SAP both have Short Term PowerRatings of 7.
Fashion brand, Fossil (NasdaqGS:FOSL - News), is expecting a second quarter EPS of 20 cents before the bell on Tuesday morning. The Short Term PowerRating for FOSL is 5.
An EPS of 33 cents is the forecast number prior to trading Tuesday morning for the 2nd quarter of Critical Therapeutics (NasdaqCM:CRTX - News).
Down on the farm, Bob Evans (NasdaqGS:BOBE - News), announces its fiscal first quarter 2010 results after trading Tuesday with an expected EPS of 50 cents. The Short Term PowerRating for BOBE is 6.
Strip club purveyor, Rick's Cabaret (NasdaqGM:RICK - News), has traders expecting to see fiscal third quarter earnings of 19 cents after on Tuesday the close.
A loss of 9 cents is the projected fiscal third quarter results for Applied Materials (NasdaqGS:AMAT - News), announcing after the bell on Tuesday. The Short Term PowerRating for AMAT is 8.
Related Quotes
Symbol Price Change
AMAT 13.53 +0.01
BOBE 28.27 0.00
CRTX 9.79 +0.81
FOSL 27.72 +0.58
RICK 8.16 +0.15
{"s" : "amat,bobe,crtx,fosl,rick,sap,tibx","k" : "c10,l10,p20,t10","o" : "","j" : ""} Here are 7 stocks you need to know for Tuesday.
Tibco Software (NasdaqGS:TIBX - News) is rumored to be acquired by SAP AG (NYSE:SAP - News). TIBX and SAP both have Short Term PowerRatings of 7.
Fashion brand, Fossil (NasdaqGS:FOSL - News), is expecting a second quarter EPS of 20 cents before the bell on Tuesday morning. The Short Term PowerRating for FOSL is 5.
An EPS of 33 cents is the forecast number prior to trading Tuesday morning for the 2nd quarter of Critical Therapeutics (NasdaqCM:CRTX - News).
Down on the farm, Bob Evans (NasdaqGS:BOBE - News), announces its fiscal first quarter 2010 results after trading Tuesday with an expected EPS of 50 cents. The Short Term PowerRating for BOBE is 6.
Strip club purveyor, Rick's Cabaret (NasdaqGM:RICK - News), has traders expecting to see fiscal third quarter earnings of 19 cents after on Tuesday the close.
A loss of 9 cents is the projected fiscal third quarter results for Applied Materials (NasdaqGS:AMAT - News), announcing after the bell on Tuesday. The Short Term PowerRating for AMAT is 8.
9217 remains the go short level in the YM...approaching fast...
remember, need to see red 3 minute break prior to entry.
this very easily could act as support---- trade as you see fit, the figure is a highly magnetic monkey number.
if support is found at 9217 range, LONG at 9230 YM
best wishes,
surf
remember, need to see red 3 minute break prior to entry.
this very easily could act as support---- trade as you see fit, the figure is a highly magnetic monkey number.
if support is found at 9217 range, LONG at 9230 YM
best wishes,
surf
We are short at 9212---- stop at 9230, this will remain fluid as profits accumulate...
hang on, the magnetic monkey support has SNAPPED!
best wishes, surf
hang on, the magnetic monkey support has SNAPPED!
best wishes, surf
what monkey??
Quote from MohdSalleh:
what monkey??
a very smart little monkey:
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