Calendar for week 4/27-5/1

Monday, April 27, 2009

Economic
1:00pm Treasury’s 2-yr note auction
Events
10:00am AXP shareholder’s meeting. Trades Ex-dividend: ATR $0.15, AZ $0.324.
Earnings
Before the Open: ACV, ARLP, BEAV, BWP, CHKP, GLW, DEP, ENR, EPD, GLF, HUM, IMA, LO, ONB, OMC, PVTB, QCOM, SII, SOHU, SYNT, TKR, TZOO, VZ, WBC, WHR. After the Close: RNT, ACTS, ALB, AUTH, AXS, BIDU, CLDN, CMP, DVA, EDR, EW, ELX, FNF, FADV, HBI, HGR, HMA, HTLF, HXL, HIMX, ININ, IVAC, LDSH, XPRT, MTW, MAS, MTH, MSPD, MRH, OLN, PRXL, PRE, PNSN, PCL, RGA, RCII, RKT, SGK, SLG, SNWL, SONO, SWN, TUES, TYL, UHS, VECO, WRB, WRE, WRI, WMGI, XL.
Tuesday, April 28, 2009

Economic
9:00am Feb S&P/CS Home Price Index (last 146.4) Composite-20 y/y (last -18.97%)
10:00am April Consumer Confidence (last 26), April Richmond Fed Manufacturing Index (last -20)
1:00pm Treasury’s 5-yr note auction
4:30pm API Crude Oil/Gasoline/Distillate Inventories
Events
Barclay’s Capital Retail & Restaurant Conference. Consumer Electronics Assn. LA Games Conference. ICSC/UBSW Chain Store Sales (7:45, last -0.4%). Redbook Retail Sales (8:55, last 0.1%). ABC Consumer Confidence (last -47). Trades Ex-dividend: AOS $0.19, LNT $0.375. 3:30pm DNDN’s Provenge Conference Call (embargo ends 2pm).
Earnings
Before the Open: CAS, ADLR, AG, AMB, AMFI, AMED, AEE, ECOL, AM, AXE, ARM, AVY, BDX, BMS, BCO, BMY, CRS, CE, CNC, CCE, CVG, CPO, CVH, DIN, ELNK, ECL, EME, EVVV, FMER, FPL, BEN, FDP, GKSR, GPI, HCP, HL, HSII, HSP, IPG, JEC, KDN, KELYA, KLIC, LDR, LAZ, LCAV, LVLT, LECO, MHP, NXY, NWPX, ODP, OXPS, ORB, GLT, PCAR, PMTC, MALL, PAG, PCZ, PFE, PCH, QLTI, RDWR, COL, RTI, SMG, SSW, SPAR, STFC, TECH, TFX, TLAB, TPP, X, UA, VLO, VSH, WDR, WAT. After the Close: ACE, ACTL, ADVS, ATAC, ANAD, AJG, BLDP, BBSI, BEC, BTUI, BKI, BWLD, COG, CRI, CBI, CERN, CTV, CCUR, CSGS, CTS, DAC, DBTK, DWA, ETFC, EGP, EHTH, EAC, ENTU, EXAC, FALC, FIS, HTZ, HTCH, JLL, KEYN, LIFE, MEE, MRCY, MMSI, MEOH, MPWR, NLC, NATI, NAL, PNRA, PEET, PFWD, PRAA, PSYS, QCOR, RSYS, RFMD, RCKY, SBX, SMTL, SSTI, SRCL, SUMT, SUNH, JAVA, SDXC, TSS, TRMB, TRMK, ULTI, USNA, USU, VFC, VIGN, VISN, WTS, WBSN, ZRAN.
Wednesday, April 29, 2009

Economic
8:30am Advance Q1 Annualized GDP q/q (last -6.3%), Q1 GDP Price Index (last 0.5%), Q1 Personal Consumption (last -4.3%), Q1 Core PCE q/q (last 0.9%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories
1:00pm Treasury’s 7-yr note auction
2:00pm FOMC rate decision
Events
BoJ rate decision. MBA Mortgage Applications (7:00, last 5.3%). Trades Ex-dividend: SGP $0.065, RX $0.03, WY $0.25.
Earnings
Before the Open: AET, AKNS, ABK, AMT, ASCA, MT, ARW, ABG, ASPM, AVA, BHI, ABX, BDC, BLT, BKC, CNP, CBR, CTCM, DPZ, ENDP, EEFT, FCN, GD, GWR, GT, HES, HEP, HST, ICLR, IACI, JNY, KEI, LEA, LCRY, LAD, MPX, MKTX, MWV, MHS, MED, MDP, MTG, MCO, MPS, NJR, NYB, OIIM, ZEUS, OSG, PTI, PAS, PNW, PX, Q, RGS, RAI, ROK, ROC, RDS.A, RES, RTIX, RBCN, SAP, SVVS, SEE, SI, SLAB, SPIL, SO, SPW, SSYS, TLM, TXT, MDCO, TSCM, TWX, TWC, TEL, UMC, USAP, WMI, WEC, WRLD, WXS, WYE, WYN. After the Close: ABAX, AEA, AFL, AEM, AKAM, AMSF, AMKR, ARRS, AIZ, ATML, AVB, AXTI, BEZ, BARE, BRY, BMR, BXP, BDN, CBT, CAI, CDNS, CWT, CAVM, CBG, CBL, CIR, CRUS, CTXS, CLF, CNQR, CVD, CRAY, CCI, DRIV, DNEX, DLLR, DRC, DSCM, DST, DTE, DRE, DNB, EFII, EQR, ESS, RE, ESRX, FSLR, FLEX, FLS, FORM, GGP, GNK, GMR, GERN, GMKT, GMCR, GSIC, HAR, HIW, INSP, IFSIA, ICO, ITRI, JDSU, KALU, KEX, KONA, LOOP, LSI, MANT, MDAS, MOH, NAVG, NBIX, NEWP, NUHC, NTRI, OII, ODSY, OKE, OKS, OPWV, ORLY, OSIP, OI, PSEM, PLXS, PLD, STR, O, RNR, RJET, RNOW, RYL, SIGI, SFLY, SKX, SAH, SFN, SBUX, STM, SPN, SRDX, SMMX, TCO, TER, TTEK, TWPG, TLGD, CLUB, TRN, URI, UNM, VARI, VAR, VIMC, VIRL, V, WLT, WCAA, WGL, WLL, WSH.

Thursday, April 30, 2009

Economic
8:30am March Personal Income (last -0.2%), March Personal Spending (last 0.2%), March PCE Deflator y/y (last 1.0%), March PCE Core (last m/m 0.2%, y/y 1.8%), Initial Jobless Claims (last 640K), Continuing Claims (last 6.137M)
9:45am April Chicago Purchasing Manager Index (last 31.4)
10:00am April NAPM-Milwaukee (last 30)
10:30am Natural Gas Inventories
Events
8:00am FDA Risk Communication Committee meeting. Trades Ex-dividend: SO $0.438.
Earnings
Before the Open: FLWS, EYE, ATG, LNT, APU, APA, AWI, ARTG, ASH, AACC, AZN, ATN, BLC, BIOS, BWA, BYD, BC, BW, BBW, CACH, CCC, CALP, CPLA, CRR, CAH, CBZ, CDI, CELG, CEDC, CTL, GTLS, CI, CINF, CMS, CL, CMCSA, CITP, COCO, COV, CRY, CMI, DLR, DXYN, D, DDE, DVD, DOW, EK, ELMG, NPO, ENTG, EQT, ETH, EXPE, XOM, FAF, FORR, RAIL, GM(unconfirmed), GLS, GTIV, GEO, GTI, HS, HTV, HPY, HP, HOS, HURN, ICON, ICTG, IFLO, IPCC, IFF, IP, ITG, IWA, IRM, KBR, KSU, K, KIM, LB, LANC, LFUS, LKQX, ERIC, LOJN, LZ, MHO, CLI, MGLN, MGA, MRO, HZO, MSO, MBFI, MFA, MDS, MSA, MOT, MWIV, MYL, NNN, BABY, TNDM, NWL, NEM, NBL, NOVA, NRG, NUS, NS, NYX, OMX, OHI, OCR, OSK, OSIS, OC, PMTI, PTEN, PCCC, PEI, PPCO, PTEC, POZN, PDE, PG, QCCO, QUIX, RYN, RGC, RRI, REV, RSTI, SWY, SRE, SEPR, SHPGY, SBNY, SLGN, SNN, SPR, HOT, STRA, TSM, TEN, TBL, TRV, TWP, TRW, TYC, UGI, ULBI, UTHR, VCI, VIA.B, VIP, VPHM, WPI, WMAR, WST, WMB, WPZ, XEL. After the Close: APKT, ACTU, ACS, AXB, AIQ, ACAP, ANEN, NLY, AMCC, ARBA, ALC, ATHN, ATO, AVNX, BGFV, BMRN, BLKB, BPL, CAB, CAP, CLMS, ELY, CALD, CPT, BEAT, CBEY, CEC, CQB, CHH, FIX, CML, SCOR, CVTI, CW, PROJ, XRAY, DEPO, DLB, BOOM, ERES, ESLR, FARO, FISV, BGC, GXDX, GPRO, GFIG, GOL, HNSN, HIG, HVT, HMN, IDEV, IM, IDTI, TEG, IN, ITMN, LQDT, LVS(unconfirmed), MXIM, MFE, MET, MTD, MCHP, MCRS, MSTR, MIPS, MORN, MRT, NANO, NFG, NETL, NTCT, N, NR, NTLS, ORH, ASGN, ORCC, PCTI, PDGI, PMC, QLGC, RADS, RSG, SONE, SGMO, SQNM, SWIR, SSD, FIRE, STNR, TLEO, TTGT, TWLL, TK, TSYS, TSRA, THOR, TGI, TTMI, UNCA, UDRL, USTR, VSEA, VPRT, VLCM, WYNN, ZIGO.

Friday, May 01, 2009

Economic
10:00am April Final U. of Michigan Confidence (last 61.9), April ISM Manufacturing (last 36.3), April ISM Prices Paid (last 31), March Factory Orders (last 1.8%)
Events
Total and Domestic vehicle sales. Trades Ex-dividend: LEN $0.0.4, CLMT $0.45, CV $0.23, ABFS $0.15.
Earnings

A long term view on GS

Will you short from here? :)

A few charts

AXP break out on huge volume on BTE earnings.  as you can see 30 is the key level to watch

XLF: hit the resistance > break down the channel  >  retest >>>>>> fall?

and SPY… the same pattern can be observed on many index ETFs.

Out of town next week

I will be out of town out of week and will spend most time traveling on the east coast.  I will try to make some posts if possible, but not for sure.

Close to fill the gap

The black line above is monday’s gap.  I hope it get filled soon ~

Note: the gap has been filled already! :) today’s high 86.95, just Last Friday’s close

A few crazy stocks

AZO, CAKE, DRI, EAT

The rally is suspicious

Penny stock is flying and leader got tank.  Look at GS and AAPL.

Financials are weak in general as well. 

What NYMO is tell us

An article about stress test

http://www.google.com/hostednews/ap/article/ALeqM5iMJTTLvant6XCZhIucGZhwR9veWwD97ODUHO0

the real test result may not affect the market at all though.

Yen is breakout out

which is not good for carry trading.

Wave count by Ken

Diamond top

Diamond top, which is mostly a top reversal pattern, is in formation.

An ugly drawing is added :)

MA is a good short

Two Charts

XLF

Selloff is about to start

Roll over the bulls

close to the short zone

the retracement should be done 50% level 85.25.  pretty much there now.

some support @ 84.1

2:17pm

Some old trader say 2:15pm is the moment of truth.  We should respect that.

2:11pm

50ema and previous low.  we may hang up there between 20ema and 50ema for a while. 

Sort of what I thought

1:22pm

either the daily market or the 5 mins chart, the wedge get broken.  A retest to the trendline, but not successful, then go south without looking back.  I believe this will be the story this week and next.

SPY

btw, this is so similiar to the daily chart!!!  Can we use it as a projection for the market? :)

12:58pm

This is my attitude.

12:40pm

If i do not point out what this is, will it remind you the SPY daily chart in the past few weeks?  This is actually the 5mins daily chart of today. interesting? :)

Oversold

The market is a bit oversold at this level. wait for rebound and short

Pivot for tomorrow

SPX

XLF

USO

Another scenario

While I take pretty bearish on today’s selloff.  There is another view on the market suggesting this is just a retest.  What I’ve learned through years of trading is that we have to open the mind to listen to different views.  Be prepared when it comes. 

Sell MA at 151.72 @ AH

My 1st target 152 met.  I am little surprised it can be here today, though i point out this possibility.

sorry bulls, I did not initiated this selloff:)

Lucky again

My call at noon   “The market is strong.  the pullback just touch the 20ema on 5min chart and bounce back.  This is a very bearish sign.  Today could be a trend day and close at day low. “…… seems to be right again~

Another lucky day for me:)

GS break out

Finally GS takes out its support.  The spike just now, GS touches its 50ema and retreat from there. 

Hope you were following me here and not shaken out at the last spike.

XLF

XLF break down the support already.  Some strong support @ 9.75.  We may be there today or tomorrow.

Some quick hand can cover your short there and wait get it back on the resistance.

A rising wedge?

Now we seem to have a little bearish rising wedge on the SPY 5min chart.

We may go higher and test the 50ema @ 84.2 from here. 

The short term is down, you can relax if you do not wanna to take this noise into your trade.

MA short

I was intended to put my real-time trade on the trading blog, but leave it here accidentally.  You can see how it behaves after my short position initiated.

ok, let me give this free trade a target: 152 at least by this weekend, could even get there today or tomorrow:)

Finance and Energy lead

This is the typical top behavior.  Finance and Energy lead the down then tech come up and lead it lower.

Look at USO, just take out another major support. 

I believe, we will continue to see more sell off in the next two weeks.

Last Friday is the intermediate top.

Short MA

@ 158.85  stop @ 159.9

Wedge has been broken

12:42pm

Watch closely on GS.  The wedge will broken sooner or later.

12:11pm

The market is strong.  the pullback just touch the 20ema on 5min chart and bounce back.  This is a very bearish sign.  Today could be a trend day and close at day low. 

11:51am

the key thing is morning is that the wedge we’ve been watching closely for quite time, has been broken and I believe more downside is coming.  I’ve initiated some new postions this morning and will add more when it’s retesting the wedge (it may not happen, but if it happens, I will add heavily).

Wedge has been broken

11:51am

the key thing is morning is that the wedge we’ve been watching closely for quite time, has been broken and I believe more downside is coming.  I’ve initiated some new postions this morning and will add more when it’s retesting the wedge (it may not happen, but if it happens, I will add heavily).

Weekly Calendar April 20-24

Monday, April 20, 2009

Economic
10:00am March Leading Indicators (last -0.4%)
11:00am Treasury’s 5-year announcement

Events
9:00am Fed’s Evans speaks in Chicago. 7:30pm Fed’s Kohn speaks on economic outlook in Delaware. American Association for Cancer Research Annual Meeting. CIBC Energy Conference. Credit Suisse Private Equity Conference. Merrill Lynch/BoA European Oils Conference. RDEA Analyst meeting. Trades Ex-dividend: CVS $0.076, APA $0.15.

Earnings
Before the Open: BAC, BOH, ETN, LLY, HAL, HAS, MMR, SXT, TNB, WFT. After the Close: BMI, BXS, BSX, BRO, CNI, CR, ELS, FWRD, HWAY, IBM, IEX, JDAS, LNCR, MLNX, NARA, OMCL, OMI, PKG, PNFP, RLI, SGK, SYK, TXN, VLTR, ZION, ZRAN.

Tuesday, April 21, 2009

Economic
10:00am TAF results
4:30pm API Crude Oil/Gasoline/Distillate Inventories

Events
10:00am Fed’s Hoenig testifies before Congressional Joint Economic Committee. Dow Jones Alternative Energy Conference. ICSC/UBSW Chain Store Sales (7:45, last +0.8%). Redbook Retail Sales (8:55, last 0.9%). ABC Consumer Confidence (last -51). Trades Ex-dividend: DLM $0.04

Earnings
Before the Open: AKS, AME, ARB, ASTE, ALV, BK, BJS, BLK, EAT, CSL, CAT, COH, KO, CNB, CMA, DAL, DD, FCFS, FRX, HBAN, IIVI, JEF, JCI, KELYA, KEY, KCI, LAB, LXK, LMT, MTB, MAN, MRK, MICC, EDU, NYT, NTRS, NVR, OMC, PNR, PTEC, BPOP, DGX, RF, SGP, STT, TASR, AMTD, TRA, UAUA, UTX, UNH, USB, USG, WBS, WU. After the Close: AMD, ALTR, AMP, BRCM, CHRW, COF, CENX, CPTS, CVTI, CREE, CBST, CYMI, DFG, FULT, GILD, HBHC, HGIC, HCBK, IBKC, ILMN, INFN, MANH, MRTN, MOLX, NBR, NSC, PPDI, SNDK, STX, SFG, TEX, TUP, VNUS, VOCS, WCN, WSII, WMS, YHOO.

Wednesday, April 22, 2009

Economic
10:00am Feb House Price Index m/m (last 1.7%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories

Events
10:00am Treasury Sec Geithner testifies before Congressional panel on TARP. 10:00am GE Annual Meeting. MBA Mortgage Applications (7:00, last -11%). Trades Ex-dividend: CL $0.44, PLL $0.145.

Earnings
Before the Open: APD, AAI, ATI, MO, ABFS, T, ATMI, BA, CHE, CAL, CFR, DOV, ELN, ECA, FCX, GNTX, GENZ, IGTE, IMN, IR, JAKK, JRN, KNSY, KMB, NITE, NOC, LII, MCD, MKSI, MS, PBG, PAS, PFCB, PDS, PFS, RYN, RIMG, R, SNA, STJ, SY, SNV, TDY, TIN, WLP, WFC, WIT, WWW. During Trading Hours: EGN, SUSQ. After the Close: AATI, AFFX, ACL, ADS, AB, DOX, AAPL, ASIA, AF, AXYS, BCR, CMG, CTXS, CNS, COHR, CLB, EXBD, CSGP, CVA, DAC, EBAY, EPIQ, EFX, EQIX, FFIV, FIC, DAVE, FR, FMC, GGG, GSIC, HUBG, ISIL, IRBT, KEX, LRCX, LHO, LEG, LOGI, MTSC, NTGR, NFX, NE, NVLS, NUVA, OPWV, PTV, PTP, PHM, QCOM, QDEL, RJF, RCRC, RHI, RUSHA, SEIC, SKX, SLM, STLD, SRDX, TER, TMK, TSCO, TQNT, TBI, WOOF, VTNC, VMW, WGOV, XLNX, YUM.

Thursday, April 23, 2009

Economic
8:30am Initial Jobless Claims (last 610K), Continuing Claims (last 6.02M)
10:00am March Existing Home Sales (last 4.72M, m/m 5.1%)
10:30am Natural Gas Inventories
1:00pm Treasury’s 5-year auction

Events
Morgan Keegan New York Economic Seminar. Trades Ex-dividend: UNM $0.075, WPO $2.15, CLX $0.46, ERIC $0.155, TRMD $0.504.

Earnings
Before the Open: AMG, ALK, ALXN, AMAG, ABC, AIT, ABG, AUO, AN, AVT, AVX, BLL, BDC, BHE, BDK, BG, CCMP, CP, CSH, CLS, CRDN, CIT, CME, CNH, CXG, CNMD, COP, CNX, CBE, CVTX, DHR, DLX, DO, DHX, DDE, DVD, ECL, EMC, EMCI, ESV, EXC, FITB, FCF, FELE, GMT, GR, GRC, HSC, HHS, HSY, HNI, HUB.B, RX, IPCC, IDC, IGT, IVC, IMA, IVZ, ESI, JNS, KBW, KVHI, FSTR, LLL, LH, LTM, LYTS, MAR, MI, MEA, MTG, NAFC, NOV, NCR, NIHD, NWPX, NCX, NVS, NUE, OXY, ODFL, ORI, PMTC, PENN, PEP, PM, PNC, POT, QUIX, RSH, RTN, RGC, RS, RCL, SCG, POOL, SHPGY, SIAL, SPAR, SPNC, SU, STI, SVU, SYNT, TCB, TNC, SNAK, TMO, TRAD, UNP, UPS, LCC, VDSI, VIP, WAB, WSO, WCC, WTNY, WRLD, ZMH, ZOLL. After the Close: AEA, AEIS, ALGN, AMZN, AFG, ACF, AMGN, AMSG, ATHR, AVID, AVCT, AXP, BJRI, EPAY, BUCY, BLDR, BNI, CPHD, CF, CHRT, CAKE, CB, CRBC, CYN, COHU, COLM, CYH, CNW, CCI, CYBI, DDUP, DECK, DDR, DV, DGII, EMN, ELX, WIRE, ETH, EXTR, EZPW, FII, FIS, GDI, HLIT, HTZ, HITT, INFA, INSU, IBKR, XXIA, JJSF, JNPR, KLAC, KNX, LCRD, LSCC, WFR, MCRL, MSCC, MSFT, MTX, MHK, MCRI, NCI, NFLX, NTRI, PKI, PXLW, PMCS, POWI, PGI, RMBS, RRC, RJET, RVBD, RCKY, ROP, RRR, RBCN, SCSC, SBCF, SMTL, SIMG, SIRF, SWKS, STMP, STAR, STSA, SPWRA, SYNA, TTGT, TRMB, VARI, VIGN, WDC, YRCW.

Friday, April 24, 2009

Economic
8:30am March Durable Goods Orders (last 3.4%, ex-transport 3.9%)
10:00am March New Home Sales (last 337K, m/m 4.7%)

Events
Treasury to disclose bank stress test assumptions. Treasury Secretary Geithner hosts G7 finance ministers in Washington, DC. Trades Ex-dividend: NOK $0.373. * Note that the IMF/World Bank biannual summit takes place in Washington, DC over the weekend.

Earnings
Before the Open: MMM, ACO, AEP, ACI, SUR, HON, IDXX, ITT, KMT, LNCE, MBFI, SAIA, SLB, TROW, WL, XRX.

OIH

CMED

a very bullish chart.

Agriculture sector is bearish

MOS: bearish rising wedge.  It seems the bottom support has been broken already on friday.

CF: the strongest one in the sector, but seems need a retest

sector overview

Tech is still lead the market.  Finances are strong also.

Bollinger Band Tutorial

Since today DRYS break out the narrowing BB band on huge volume, I upload a tutorial on the BB band trading in the trading page.  It’s interesting to know whether it’s a sell signal or a buy signal on such scenario.  How long the rally will go?  When to sell the stock?

subscribe the rollingtrades.blogspot.com and learn together :)

Past week

Drys

DRYS was added to the trading website on 4/13.  Now 50% gain in the pocket.

URS

IBD recommended stock.  a good chart from TA point of view.

URS pulled into a steep correction, a bottoming base, in the autumn (Point 1). This happened along with the severe bear market, although URS downward trend had begun in 2007.

It rallied up from the bottom and pulled into a new cup-shaped pattern (Point 2).

It now appears to be forming an awkward high handle (Point 3).

If URS rises above its current level of price resistance at about 45, you’d want to see heavier-than-normal volume, a signal institutional investors are jumping in.

A final push

11:50om

I think market is trying to get a touch to the upper trend line to finish the ending diagonal.

then elevator down

A few short ideas

CAL: layers of resistance ahead

CELG: close to new low and looks another free fall to me.  you can set the stop @ the red line

NOK:  too many unfilled gaps and a close above upper BB.

Tutorial updated to the trading website

A tutorial on “ending diagonal” was undated to the trading site.

check it out.

Target arrived

866

from 666 => 866, i think mm is trying to make the math simple.  50% retracement is ……:)

Double top in formation

 

2:23pm

higher high on all indices

1:20pm

It seems like like a double top in formation on the 5mins chart.

No trade today

A consolidation day.  I am not surprised by what is happening here.. The move up is to run the stops on shorts and suck more longs in ... I have seen this happen so many times now...

840 is the battlefield and see who take it out first..

XLF breakout and retrace

3:34pm

like many index, xlf have a reverse H&S breakout just and retrance before meeting the target.  the short term trend is down.

buy FAZ

@10.44

stop @ 10.3

One concern for bulls

VIX is down today and weak

gap fill?

12:54pm

bear flag plays out well and target reached.  is the gap to be filled today or tomorrow?  this is the 4th unfilled gaps in the past 30 trading days.

Stocks on the move today with good volume

ESRX  OTEX  CREE  LFT  ABV

Bear flag breakout

you know the target :)

Closed long positions

initiated yesterday morning, including C.  nice gain in one day.  detail in trading page

pivot for 04/14

Tech

The sector is moving toward 200EMA and the leaders AMZN and AAPL have already taken it out. 

VIX: bearish sign

3:38pm

breakout it is.  target 870.

2:40pm

Either break out the bear wedge or a C&H in formation.  breakout then target 870!

Weekly calendar

Monday, April 13, 2009

• 8:30am Earnings Before the Open: TLB.
• 10:30am Fed coupon purchase
• Note that European markets are closed for Easter Monday.
• 4:00pm Earnings After the Close: JBHT, RNOW.

Tuesday, April 14, 2009

• 8:30am Earnings Before the Open: CBSH, FAST, GSJNJ, GWW.
• 8:30am March PPI (last m/m 0.1%, y/y -1.3%, ex food & energy last m/m 0.2%, y/y 4.0%)
• 8:30am March Advance retail sales (last 0.1%, ex autos last 0.7%)
• 10:00am Feb Business Inventories (last -1.1%)
• 10:30am Fed coupon purchase
• 10:30am Fed’s Evans speaks on risk management for banks.
• ICSC/UBSW Chain Store Sales (7:45, last 0.6%).
• Redbook Retail Sales (8:55, last 0.4%).
• ABC Consumer Confidence (last -50).
• AGL Analyst Meeting.
• SY Shareholders Meeting.
• 4:00pm Earnings After the Close: ADTN, CSX, HCSG, STX, INTC.
• 4:30pm API Crude Oil/Gasoline/Distillate Inventories
• 4:45pm Fed’s Stern speaks on risk management for banks.

Wednesday, April 15, 2009

• 8:30am Earnings Before the Open: ABT, ACGY, ASML, SCHW, INFY, NITE, LUFK, MTOX, BTU, PJC, PGR, WWW.
• 8:30am March CPI (last m/m 0.4%, y/y 0.2%; ex food & energy last m/m 0.2%, y/y 1.8%), March CPI Core Index SA (last 217.670), April Empire Manufacturing (last -38.23)
• 9:00am Feb Net Long-Term TIC Flows (last -$43B), Feb Total Net TIC Flows (last -$148.9B)
• 9:15am March Industrial Production (last -1.5%), March Capacity Utilization (last 70.2%)
• 10:30am DoE Crude Oil/Gasoline/Distillate Inventories
• Infocast Advanced Battery Manufacturing Conference.
• MBA Mortgage Applications (7:00, last 4.7%).
• 1:00pm April NAHB Housing Market Index (last 9)
• 2:00pm Fed’s Beige Book
• 4:00pm Earnings After the Close: ATR, CCK, DTLK, KMP, LSTR, LLTC, PLCM, STLY, UFPI.
• 10:00pm China Q1 GDP.

Thursday, April 16, 2009

• 8:30am Earnings Before the Open: AMFI, APH, ASPM, BAX, BLK, BGG, CY, FCS, GCI, GPC, HOG, ITW, RX, IIIN, JPM, KNL, MMR, VIVO, MTG, NOK, NVR, ORB, PH, PII, SHW, SON, LUV, TITN, UTEK, UMPQ, WSO.
• 8:30am March Housing Starts (last 583K), March Building Permits (last 564K)
• 8:30am Initial Jobless Claims (last 654K), Continuing Claims (last 584M)
• 10:00am April Philadelphia Fed (last -35)
• 10:30am Natural Gas Inventories
• 1:00pm Fed’s Lockhart speaks on the economic crisis in New York.
• Earnings During Trading Hours: ASBC, PPG.
• 4:00pm Earnings After the Close: CYT, ESLR, FII, GOOG, HNI, ICUI, ISIL, ISRG, PBCT, PGI, RLRN, RUSHA, TPX, USAK, VASC, VRTX, WERN.
• 8:00pm Fed’s Yellen speaks on the economic crisis in New York.

Friday, April 17, 2009

• 8:30am Earnings Before the Open: AOS, BBT, C, FHN, GE, IGTE, MAT, MEG, OSTK, PRSP.
• 8:30am Fed’s Hoenig speaks at Fed conference in Washington, DC.
• 9:55am April prelim Univ of Michigan confidence (last 57.3)
• 12:00pm Fed Chairman Bernanke speaks at Fed conference in Washington, DC.
• Sony Ericsson JV earnings.

04/14 Intraday

1:41pm

The market is strong right now and hold for GS’s ER.  Potential double top formation, let’s see what the market is going to tell us.

pivot for 04/13/2009

Week summary

The market keeps rallying last week and now we have five weeks in green in a roll.  Now we are very close to break out the downtrend channel from last Nov.  Now RSI and STO again rise to the overbought level and triple negative divergence on both charts. Next week, we can see some pullback.  50MA ~790 is the key line to watch if pullback happens.  i will next surprise also if the market keeps moving higher, in a bull market, overbought cam be easily cleared even by a small consolidation without any pullback.  i am not calling this is bull market yet……

On the weekly chart, we already see the momentum breakout, which usually lead the price.  expect some further rally on weekly basis.