Stock market is expected to open higher tomorrow, as its ECB fine tuning day. This market is not yet ready for correction. Today' early morning rally and sell off was crazy. I see today's sell off as bear trap and market could test 13966 if it can break 13862. On the other hand, 13732 is key level on downside.
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| Dow jones expected top open higher tomorrow as its ECB fine tuning operation Day. |
Dow Jones Resistance Level:
| R3 | 14,280.07 | Fib R3 | 14,177.85 | Brk Out Long | 13,947.83 |
| R2 | 14,180.82 | Fib R2 | 14,067.75 | Short | 13,866.00 |
| R1 | 13,982.50 | Fib R1 | 13,996.33 | HL2 | 13,838.72 |
| Pivot | 13,883.25 | Pivot | 13,883.25 | HL1 | 13,811.45 |
| S1 | 13,684.93 | Fib S1 | 13,770.18 | LL1 | 13,756.89 |
| S2 | 13,585.68 | Fib S2 | 13,698.76 | LL2 | 13,729.62 |
| S3 | 13,387.36 | Fib S3 | 13,588.66 | Long | 13,702.34 |
| Brk Out Short | 13,620.51 |
S&P500:
| R3 | 1,551.17 | Fib R3 | 1,538.12 | Brk Out Long | 1,508.74 |
| R2 | 1,538.50 | Fib R2 | 1,524.07 | Short | 1,498.30 |
| R1 | 1,513.18 | Fib R1 | 1,514.95 | HL2 | 1,494.81 |
| Pivot | 1,500.51 | Pivot | 1,500.51 | HL1 | 1,491.33 |
| S1 | 1,475.19 | Fib S1 | 1,486.08 | LL1 | 1,484.37 |
| S2 | 1,462.52 | Fib S2 | 1,476.96 | LL2 | 1,480.89 |
| S3 | 1,437.20 | Fib S3 | 1,462.90 | Long | 1,477.40 |
| Brk Out Short | 1,466.96 |
AAPL
| R3 | 463.64 | Fib R3 | 459.25 | Brk Out Long | 449.70 |
| R2 | 459.38 | Fib R2 | 454.61 | Short | 446.25 |
| R1 | 451.09 | Fib R1 | 451.60 | HL2 | 445.10 |
| Pivot | 446.83 | Pivot | 446.83 | HL1 | 443.95 |
| S1 | 438.54 | Fib S1 | 442.06 | LL1 | 441.65 |
| S2 | 434.28 | Fib S2 | 439.05 | LL2 | 440.50 |
| S3 | 425.99 | Fib S3 | 434.41 | Long | 439.35 |
| Brk Out Short | 435.90 |
QQQ:
| R3 | 68.89 | Fib R3 | 68.33 | Brk Out Long | 67.17 |
| R2 | 68.35 | Fib R2 | 67.76 | Short | 66.74 |
| R1 | 67.33 | Fib R1 | 67.38 | HL2 | 66.60 |
| Pivot | 66.79 | Pivot | 66.79 | HL1 | 66.45 |
| S1 | 65.77 | Fib S1 | 66.20 | LL1 | 66.17 |
| S2 | 65.23 | Fib S2 | 65.82 | LL2 | 66.02 |
| S3 | 64.21 | Fib S3 | 65.25 | Long | 65.88 |
| Brk Out Short | 65.45 |
Economic Calendar:
| Session | Time | Currency | Event | Impact | Actual | Forecast | Prev. | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 3:30 | EUR | EU Commissioner Barnier speaks at "Future of Banking Summit" in Paris | low | |||||||
| 4:00 | EUR | EU Commissioner Rehn speaks at the Danish European Affairs Committee conference | low | |||||||
| 9:00 | USD | FHFA House Price Index | med | 0.6 | 0.6 | |||||
| 9:00 | USD | S&P Case-Shiller Home Price | med | 6.6 | 5.52 | |||||
| 10:00 | USD | Fed's Bernanke gives his semi-annual testimony on monetary policy to Senate Banking Committee | low | |||||||
| 10:00 | USD | Fed's Stein gives welcome remarks before the "Renters, Homeowners & Investors: The Changing Profile of Communities" conference | low | |||||||
| 10:00 | USD | New Home Sales | med | 380 | 369 | |||||
| 10:00 | USD | Consumer confidence | high | 62 | 58.6 | |||||
| 19:00 | EUR | ECB second set of longer-term refinancing operations repayment begins | med | |||||||
After Hour Gainer and Loser:
| Percentage Gainers | |||||||||
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low | ||
| AXT | AXTI | 21,909 | $3.11 | 0.31 |  11.07 | $5.16 | $2.75 | ||
| MediciNova | MNOV | 6,870 | 2.37 | 0.23 | 10.75 | 2.75 | 2.20 | ||
| Colony Financial | CLNY | 12,738 | 22.96 | 1.30 | 6.00 | 23.47 | 21.66 | ||
| iShares MSCI Hong Kong Index Fund | EWH | 106,832 | 20.40 | 0.81 | 4.13 | 20.40 | 19.50 | ||
| Crawford Cl B | CRDB | 9,323 | 8.33 | 0.33 | 4.12 | 8.38 | 8.00 | ||
| Headwaters | HW | 15,315 | 9.35 | 0.32 | 3.54 | 9.35 | 9.03 | ||
| Vanguard MSCI European ETF | VGK | 127,682 | 49.95 | 1.69 | 3.50 | 49.95 | 48.21 | ||
| Stone Energy | SGY | 13,921 | 21.50 | 0.72 | 3.46 | 21.50 | 20.78 | ||
| Bonanza Creek Energy | BCEI | 6,178 | 32.94 | 1.09 | 3.41 | 33.83 | 31.85 | ||
| Yingli Green Energy Holding ADS | YGE | 11,110 | 2.95 | 0.10 | 3.39 | 2.95 | 2.85 | ||
| Percentage Decliners | |||||||||
| Issue | Symbol | Volume | Last | Chg | % Chg | High | Low | ||
| Titan International | TWI | 39,149 | $21.70 | -3.26 | -13.06 | $25.81 | $21.50 | ||
| Caesars Entertainment | CZR | 91,381 | 10.83 | -0.88 | -7.51 | 12.05 | 10.36 | ||
| Genco Shipping&Trading | GNK | 15,336 | 2.49 | -0.19 | -7.09 | 2.81 | 2.49 | ||
| Royal Bank of Scotland Group ADS | RBS | 5,704 | 9.68 | -0.72 | -6.92 | 10.64 | 9.68 | ||
| General Moly | GMO | 15,695 | 2.90 | -0.21 | -6.75 | 3.23 | 2.90 | ||
| VIVUS | VVUS | 122,416 | 11.76 | -0.65 | -5.24 | 12.86 | 11.65 | ||
| Radian Group | RDN | 647,083 | 7.79 | -0.36 | -4.42 | 8.24 | 7.40 | ||
| Apollo Group Cl A | APOL | 216,782 | 17.26 | -0.57 | -3.20 | 19.64 | 16.58 | ||
| ABB ADS | ABB | 68,649 | 21.46 | -0.68 | -3.07 | 23.17 | 21.46 | ||
| Silvercorp Metals | SVM | 25,800 | 3.84 | -0.10 | -2.54 | 3.94 | 3.84 | ||
Premarket Earning:
Home Depot, Inc. ( HD ) is reporting for the quarter ending January 31, 2013. The building company's consensus earnings per share forecast from the 20 analysts that follow the stock is $0.64. This value represents a 28.00% increase compared to the same quarter last year. In the past year HD has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for HD is 21.57 vs. an industry ratio of 18.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Bank Of Montreal ( BMO ) is reporting for the quarter ending January 31, 2013. The bank (foreign) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.46. This value represents a 2.82% increase compared to the same quarter last year. In the past year BMO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 16.9%. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BMO is 10.15 vs. an industry ratio of 12.50.
American Tower Corporation (REIT) ( AMT ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.41. This value represents a -99.96% decrease compared to the same quarter last year. In the past year AMT has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.26%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AMT is 44.36 vs. an industry ratio of 15.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Ecolab Inc. ( ECL ) is reporting for the quarter ending December 31, 2012. The chemical company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.89. This value represents a 27.14% increase compared to the same quarter last year. In the past year ECL has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2012 Price to Earnings ratio for ECL is 25.07 vs. an industry ratio of 14.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Sempra Energy ( SRE ) is reporting for the quarter ending December 31, 2012. The gas distribution company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.97. This value represents a -19.83% decrease compared to the same quarter last year. In the past year SRE has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 33%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SRE is 18.59 vs. an industry ratio of 15.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Macy's Inc ( M ) is reporting for the quarter ending January 31, 2013. The retail company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.97. This value represents a 15.88% increase compared to the same quarter last year. In the past year M has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 24.14%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for M is 11.53 vs. an industry ratio of 10.00, implying that they will have a higher earnings growth than their competitors in the same industry.
AutoZone, Inc. ( AZO ) is reporting for the quarter ending February 28, 2013. The wholesale retail company's consensus earnings per share forecast from the 16 analysts that follow the stock is $4.74. This value represents a 14.22% increase compared to the same quarter last year. In the past year AZO has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AZO is 13.97 vs. an industry ratio of 11.80, implying that they will have a higher earnings growth than their competitors in the same industry.
HollyFrontier Corporation ( HFC ) is reporting for the quarter ending December 31, 2012. The oil refining company's consensus earnings per share forecast from the 14 analysts that follow the stock is $2.27. This value represents a 106.36% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HFC is 6.36 vs. an industry ratio of 18.60.
Cobalt International Energy, Inc. ( CIE ) is reporting for the quarter ending December 31, 2012. The oil (us exp & production) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.09. This value represents a -18.18% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CIE is -38.14 vs. an industry ratio of 16.90.
Expeditors International of Washington, Inc. ( EXPD ) is reporting for the quarter ending December 31, 2012. The transportation services company's consensus earnings per share forecast from the 16 analysts that follow the stock is $0.43. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for EXPD is 25.35 vs. an industry ratio of 46.50.
Tenet Healthcare Corporation ( THC ) is reporting for the quarter ending December 31, 2012. The hospital company's consensus earnings per share forecast from the 15 analysts that follow the stock is $0.69. This value represents a 72.50% increase compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for THC is 20.06 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry.
W.P. Carey Inc. ( WPC ) is reporting for the quarter ending December 31, 2012. The reit company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.96. This value represents a 9.09% increase compared to the same quarter last year. The last two quarters WPC had negative earnings surprises; the latest report they missed by -5.75%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WPC is 16.63 vs. an industry ratio of 15.80, implying that they will have a higher earnings growth than their competitors in the same industry.
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