Jan 10th: Premarket Report For Dow Jones, S&P500: EMMS, MSM, SVU, SNX, INFY, WFC

US is at risk of default but stock market like to squeeze in as many shorts as possible before its next big dive. Based on the chart market is expected open lower but it depends what ECB does today. If they cut the rate then expect very big squeeze and it could breaks 13500. If ECB doesnt cut rate then there is possibility of sell off but 13295 still remain key level. Overall Fed 85B  MBS is alone to keep moving this market to higher level on a low volume. 

Watch out FXE for bullish Euro and EUO for Bearish Euro. GLD, SLV, AGQ, NUGT are other stock to watch on this rate cut.

Dow jones is expected to open lower based on chart but depends what  ECB does today

Dow Jones Resistance Level:

R3	13,515.82	Fib R3	13,465.31	Brk Out Long	13,438.62
R2	13,466.18	Fib R2	13,432.94	Short	13,414.56
R1	13,428.35	Fib R1	13,411.95	HL2	13,406.55
Pivot	13,378.71	Pivot	13,378.71	HL1	13,398.53
S1	13,340.88	Fib S1	13,345.47	LL1	13,382.49
S2	13,291.24	Fib S2	13,324.48	LL2	13,374.47
S3	13,253.41	Fib S3	13,292.12	Long	13,366.46
				Brk Out Short	13,342.40

S&P500 Resistance Level

R3	1,472.36	Fib R3	1,468.47	Brk Out Long	1,465.19
R2	1,468.55	Fib R2	1,465.67	Short	1,463.10
R1	1,464.78	Fib R1	1,463.85	HL2	1,462.41
Pivot	1,460.97	Pivot	1,460.97	HL1	1,461.71
S1	1,457.20	Fib S1	1,458.09	LL1	1,460.33
S2	1,453.39	Fib S2	1,456.27	LL2	1,459.63
S3	1,449.62	Fib S3	1,453.46	Long	1,458.94
				Brk Out Short	1,456.85

AAPL Resistance Level:

R3	531.76	Fib R3	528.30	Brk Out Long	522.06
R2	528.39	Fib R2	524.96	Short	519.58
R1	522.74	Fib R1	522.79	HL2	518.75
Pivot	519.37	Pivot	519.37	HL1	517.93
S1	513.72	Fib S1	515.94	LL1	516.27
S2	510.35	Fib S2	513.77	LL2	515.45
S3	504.70	Fib S3	510.44	Long	514.62
				Brk Out Short	512.14

Goog Resistance Level:

R3	751.20	Fib R3	744.68	Brk Out Long	743.48
R2	744.77	Fib R2	741.07	Short	740.80
R1	741.45	Fib R1	738.73	HL2	739.91
Pivot	735.02	Pivot	735.02	HL1	739.01
S1	731.70	Fib S1	731.32	LL1	737.23
S2	725.27	Fib S2	728.98	LL2	736.33
S3	721.95	Fib S3	725.37	Long	735.44
				Brk Out Short	732.76

HLF Resistance Level:

R3	48.09	Fib R3	44.94	Brk Out Long	43.04
R2	45.00	Fib R2	42.86	Short	41.50
R1	42.47	Fib R1	41.51	HL2	40.98
Pivot	39.38	Pivot	39.38	HL1	40.47
S1	36.85	Fib S1	37.24	LL1	39.43
S2	33.76	Fib S2	35.89	LL2	38.92
S3	31.23	Fib S3	33.81	Long	38.40
				Brk Out Short	36.86

NUS Resistance Level

R3	48.85	Fib R3	46.59	Brk Out Long	43.69
R2	46.64	Fib R2	44.71	Short	42.30
R1	43.77	Fib R1	43.49	HL2	41.83
Pivot	41.56	Pivot	41.56	HL1	41.37
S1	38.69	Fib S1	39.63	LL1	40.43
S2	36.48	Fib S2	38.41	LL2	39.97
S3	33.61	Fib S3	36.53	Long	39.50
				Brk Out Short	38.11

UVXY Resistance Level:

R3	16.22	Fib R3	15.73	Brk Out Long	15.45
R2	15.74	Fib R2	15.41	Short	15.22
R1	15.36	Fib R1	15.21	HL2	15.14
Pivot	14.88	Pivot	14.88	HL1	15.06
S1	14.50	Fib S1	14.55	LL1	14.90
S2	14.02	Fib S2	14.35	LL2	14.82
S3	13.64	Fib S3	14.03	Long	14.74
				Brk Out Short	14.51

After Hour Gainer and Loser:

Percentage Gainers
Issue	Symbol	Volume	Last	Chg	% Chg		High	Low
NewLead Holdings	NEWL	17,271	$2.47	0.60		32.09	$2.47	$1.90
VOXX International	VOXX	94,535	9.18	1.35		17.24	9.44	6.54
PriceSmart	PSMT	41,984	82.70	4.83		6.20	83.06	74.32
EXCO Resources	XCO	20,100	6.85	0.37		5.71	6.85	6.47
Arkansas Best	ABFS	6,579	10.21	0.48		4.93	10.21	9.24
Higher One Holdings	ONE	8,042	11.79	0.51		4.53	12.11	11.28
Accuray	ARAY	33,545	5.09	0.19		3.88	5.15	4.88
First Horizon National	FHN	13,523	10.39	0.34		3.38	10.39	10.05
Solazyme	SZYM	6,302	8.07	0.26		3.33	8.86	7.75
Sarepta Therapeutics	SRPT	250,365	27.93	0.87		3.22	27.93	26.80

Percentage Decliners
Issue	Symbol	Volume	Last	Chg	% Chg		High	Low
QuickLogic	QUIK	26,399	$2.00	-0.21	-9.50		$2.42	$1.97
Ruby Tuesday	RT	68,915	7.62	-0.69	-8.30		8.31	7.50
Nektar Therapeutics	NKTR	12,633	7.71	-0.62	-7.44		8.33	6.82
Halozyme Therapeutics	HALO	12,116	6.94	-0.49	-6.59		7.43	6.51
Foot Locker	FL	10,319	31.33	-1.68	-5.09		33.01	31.33
Multimedia Games Holding	MGAM	8,321	13.89	-0.60	-4.14		15.20	13.59
CommVault Systems	CVLT	18,437	67.51	-2.58	-3.68		72.19	66.68
Rovi	ROVI	20,880	16.29	-0.58	-3.44		16.89	15.24
Cepheid	CPHD	10,989	33.96	-1.20	-3.41		35.48	32.51

Earning Calendar:

Company Name	Time	Transcript	Wall St EPS Est($)	Actual EPS($)
CERES INC  CERE	After Market Close	N/A	-0.31	N/A
EMMIS COMM CL A  EMMS	Before Open	N/A	N/A	N/A
INFOSYS LTD  INFY	After Market Close	N/A	0.72	N/A
MSC INDL DIRECT  MSM	Before Open	N/A	1.00	N/A
SUPERVALU INC  SVU	Before Open	N/A	0.07	N/A
SYNNEX CORP  SNX	After Market Close	N/A	1.04	N/A
XYRATEX LTD  XRTX	After Market Close	N/A	-0.35	N/A

January 11th Earning

NORTHERN TECH  NTIC	Before Open	N/A	0.16	N/A
WELLS FARGO-NEW  WFC	Before Open	N/A	0.89	N/A

Economic Calendar:

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				2:30	EUR	French BoF Business Sentiment	low		91	91
				2:45	EUR	French Manufacturing Production	low		-5.1	-4
				2:45	EUR	French CPI	low		1.3	1.4
				2:45	EUR	French CPI	low		0.3	-0.2
				2:45	EUR	French HICP	med		0.4	-0.2
				2:45	EUR	French HICP	med		1.5	1.6
				2:45	EUR	French Industrial Production	med		-4	-3.6
				2:45	EUR	French Manufacturing Production	low		-0.2	-0.9
				2:45	EUR	French Industrial Production	med		0.1	-0.7
				7:15	EUR	EU Commissioner Barroso and Irish PM Kenny hold press conference after meeting	med
				7:45	EUR	ECB - Interest Rate	high		0.75	0.75
				8:30	EUR	ECB press conference following Governing Council Meeting and Interest Rate Announcement	high
				8:30	USD	Initial Claims	med		365	372
				10:00	USD	Wholesale Inventories	med		0.3	0.6
				13:10	USD	Fed's George speaks on 2013 economic outlook before central exchange	low
				14:00	USD	Fed's Bullard speaks on US economy and monetary policy at Wisconsin Economic Forecast luncheon	low
				19:00	EUR	EU Commissioner Almunia participates in "Modernization of State Aid Rules" conference	low
				20:00	USD	Fed's Kocherlakota takes part in discussion on the US economy in 2013, with Marketplace Money economics editor Chris Farrell	low
				20:00	USD	Fed's Kocherlakota speaks at town hall meeting at Minneapolis Fed	low