Jan 15th: Premarket Report for Dow jones and S&P500: AAPL, CRUS, FB, GLD, SLV, JPM, LULU,MFLX, GMAM, ITMN, EXPR

It is one of the craziest market I have ever noticed. Fear index VIX has been down even on a down day. Bear stocks are hardly moving. US dollar index are down when equity is down. Another strange thing is AAPL was down 4% and yet S&P500 was hardly in red. If AAPL had participated in the rally, S&P500 would be sitting now at 1550 easily. This craziness is likely to continue for another week till aapl earning is out but it may not be over. 85 B MBS purchase by Fed is enough to keep the stock floating higher. Play it or avoid it.

Based on Chart, Dow jones and S&P500 are expected to open low but whether it can close in bearish zone is big question. Its also ECB fine tuning operation day. Last week Market closed in red inspite of ECB fine tuning. Watchout FB, GLD, SLV, JPM for tomorrow.

Dow jones Chart again closing in bearish and expected to open lower but  whether it will close below is big queston

Dow Jones Resistance Level:

R3	13,592.06	Fib R3	13,555.52	Brk Out Long	13,540.51
R2	13,556.12	Fib R2	13,533.19	Short	13,523.91
R1	13,531.72	Fib R1	13,518.71	HL2	13,518.38
Pivot	13,495.78	Pivot	13,495.78	HL1	13,512.85
S1	13,471.38	Fib S1	13,472.85	LL1	13,501.79
S2	13,435.44	Fib S2	13,458.37	LL2	13,496.26
S3	13,411.04	Fib S3	13,436.04	Long	13,490.73
				Brk Out Short	13,474.13

S&P500 Resistance Level:

R3	1,479.62	Fib R3	1,475.77	Brk Out Long	1,474.18
R2	1,475.83	Fib R2	1,473.42	Short	1,472.43
R1	1,473.26	Fib R1	1,471.89	HL2	1,471.85
Pivot	1,469.47	Pivot	1,469.47	HL1	1,471.26
S1	1,466.90	Fib S1	1,467.06	LL1	1,470.10
S2	1,463.11	Fib S2	1,465.53	LL2	1,469.51
S3	1,460.54	Fib S3	1,463.18	Long	1,468.93
				Brk Out Short	1,467.18

UVXY Resistance Level:

R3	15.02	Fib R3	14.83	Brk Out Long	14.45
R2	14.83	Fib R2	14.64	Short	14.30
R1	14.50	Fib R1	14.51	HL2	14.26
Pivot	14.31	Pivot	14.31	HL1	14.21
S1	13.98	Fib S1	14.12	LL1	14.11
S2	13.79	Fib S2	13.99	LL2	14.06
S3	13.46	Fib S3	13.80	Long	14.02
				Brk Out Short	13.87

After hour Gainer and Loser:

Percentage Gainers
Issue	Symbol	Volume	Last	Chg	% Chg		High	Low
Express	EXPR	14,433	$15.96	1.90		13.51	$15.96	$13.78
RadioShack	RSH	126,000	2.43	0.12		5.19	2.45	2.27
Dell	DELL	1,231,518	12.73	0.44		3.58	12.79	10.82
Harry Winston Diamond	HWD	30,000	15.60	0.52		3.45	15.91	14.29
General Cable	BGC	46,300	32.54	0.84		2.65	32.54	31.66
Ruckus Wireless	RKUS	16,840	22.20	0.49		2.26	22.50	21.96
ITT Educational Services	ESI	14,884	14.70	0.32		2.23	14.70	14.27
M/I Homes	MHO	10,000	26.83	0.49		1.86	27.37	26.32
Flowers Foods	FLO	13,897	27.71	0.49		1.80	27.71	24.92

Percentage Decliners
Issue	Symbol	Volume	Last	Chg	% Chg		High	Low
Multi-Fineline Electronix	MFLX	6,560	$18.50	-2.79	-13.10		$22.88	$18.50
Gordmans Stores	GMAN	5,989	12.75	-1.23	-8.80		15.36	12.75
lululemon athletica	LULU	1,222,972	67.31	-4.99	-6.90		73.40	65.00
InterMune	ITMN	35,781	9.50	-0.49	-4.90		10.73	8.25
STMicroelectronics	STM	24,806	7.50	-0.38	-4.82		7.94	7.50
Market Vectors Vietnam ETF	VNM	50,000	19.25	-0.57	-2.88		19.67	18.87
Under Armour Cl A	UA	14,800	47.24	-1.10	-2.28		48.51	46.99
Fiserv	FISV	25,889	81.39	-1.51	-1.82		83.32	78.37

Economic Calendar:

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				2:00	EUR	German HICP (Final)	high		1	1
				2:00	EUR	German HICP (Final)	high		2.1	2.1
				2:00	EUR	German CPI (Final)	med		0.9	0.9
				2:00	EUR	German CPI (Final)	med		2.1	2.1
				3:00	EUR	German GDP (nsa) (Annual Growth Rate)	low		0.8	3
				4:30	EUR	EU President Schulz and Cypriot President Christofias brief press	low
				5:00	EUR	Trade balance (nsa)	low		10	10.2
				8:00	USD	Fed's Rosengren speaks on the economic outlook before a breakfast meeting of the Greater Providence Chamber	low
				8:30	USD	PPI (ex Food & Energy)	med		0.2	0.1
				8:30	USD	PPI	high		-0.1	-0.8
				8:30	USD	Retail Sales	high		0.2	0.3
				8:30	USD	Retail Sales (ex Auto)	high		0.2
				8:30	USD	Empire State Survey	med			-8.1
				8:50	USD	Fed's Kocherlakota speaks on "Past, Present and Future: The Macroeconomy and Federal Reserve Actions" before the Financial Planners Association of Minnesota	low
				10:00	USD	Business inventories	med		0.3	0.4
				12:30	USD	Fed's Plosser speaks on economic outlook before the 34th Annual Economic Seminar	low
				19:00	EUR	EU Commissioner De Gucht speaks at National Assembly in Paris	low

Earning Calendar:

Company Name	Time	Transcript	Wall St EPS Est($)	Actual EPS($)
COMMERCE BANCSH  CBSH	Before Open	N/A	0.72	N/A
FOREST LABS A  FRX	Before Open	N/A	-0.13	N/A
FULTON FINL  FULT	After Market Close	N/A	0.20	N/A
INTERACTIVE BRK  IBKR	After Market Close	N/A	0.21	N/A
LENNAR CORP -A  LEN	Before Open	N/A	0.43	N/A
LINEAR TEC CORP  LLTC	After Market Close	N/A	0.40	N/A
MERCANTILE BANK  MBWM	Before Open	N/A	0.31	N/A
ONSTREAM MEDIA  ONSM	After Market Close	N/A	N/A	N/A
PINNACLE FIN PT  PNFP	After Market Close	N/A	0.33	N/A
RENASANT CORP  RNST	After Market Close	N/A	0.28	N/A