Premarket Report for July 29th: EXPE, URRE, SOHU, INFA, EBAY, USU, PETM, ALXA, UVXY, VXX, AAPL

Stock market is expected to open higher tomorrow. This week is expected to be very volatile because of the Fed FOMC announcement on July 31st at 2 pm EST. FOMC policy meeting is expected to leave policy rates unchanged with the fed funds target at a range of zero to 0.25 percent. Attention will be focused on guidance and the characterization of the economy. Traders still worry about potential tapering of asset purchases this year. Outright commentary on asset purchases is a possibility. Also, comments on the economy likely will affect traders' views on probabilities of early tapering.  

Any decision of tapering will lead to big sell off otherwise. But at the same time, S&P500 is now lagging behind US federal Total Reserve Assets which shows S&P500 fair value at 1734 as shown in the chart below.

S&P500 vs US Federal Reserve Total Asset shows S&P500 is lagging behind  when compared to US federal Reserve Total Asset.

I'll be watching EXPE, URRE, SOHU, INFA, EBAY, USU, AAPL. Also, watchout UVXY, VXX though i don't like this stock anymore.

Economic Calendar:

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				10:00	USD	Pending home sales	med		-1.2	6.7
				20:00	USD	CFTC rules become effective on Swaps and Block Trades	low

After Hours Movers

Top Gaining Stocks Price %Change GMLP Golar Lng Partners... 34.91 8.38% ABMD Abiomed Inc. 26.08 6.75% IPG Interpublic Group ... 16.75 5.55% UGLD Velocitysharestm 3... 18.66 5.36% ENJ Entergy New Orlean... 23.89 5.35% MOH Molina Healthcare ... 41.37 4.87% CECO Career Education C... 3.75 4.46% USU Usec Inc. 20.00 4.11% MMP Magellan Midstream... 57.89 3.89% SPEX Spherix Incorporat... 7.10 3.65% ALDW Alon Usa Partners ... 22.18 3.65% URRE Uranium Resources ... 4.30 3.61% JONE Jones Energy 14.50 3.57% LAS Lentuo Internation... 5.79 3.55% ISIL Intersil Corporati... 9.12 3.52% ARCI Appliance Recyclin... 2.77 3.36% ONNN ON Semiconductor C... 8.23 3.13% OMC Omnicom Group Inc.... 67.15 3.13% ALXA Alexza Pharmaceuti... 4.62 3.12% INVN Invensense Inc 15.97 3.03%

Top Losing Stocks Price %Change HXM Desarrolladora Hom... 2.10 -5.41% PETM Petsmart Inc. 68.52 -4.78% SFUN Soufun Holdings 34.78 -4.17% TEAR Tearlab Corporatio... 14.06 -3.68% JE Just Energy Group ... 7.22 -3.48% LITB Lightinthebox Hold... 17.22 -3.31% LBIX Leading Brands Inc... 5.26 -3.13% RALY Rally Software Dev... 25.71 -3.07% NEM Newmont Mining Cor... 29.51 -2.85% CIMT Cimatron Limited 6.15 -2.84% GENT Gentium Spa 14.20 -2.81% RGR Sturm Ruger & Co. ... 48.01 -2.68% N Netsuite 93.25 -2.63% BZM Blackrock Maryland... 13.08 -2.61% NWSA News Corporation 15.48 -2.60% ACMP Access Midstream P... 46.56 -2.58% AXR Amrep 10.24 -2.48% VVI Viad Corp 25.60 -2.34% FRS Frischs Restaurant... 21.25 -2.29% AHC A. H. Belo 7.45 -2.28%

Earning Play:

Company Name	Time	Transcript	Wall St EPS Est($)	Actual EPS($)
TGC INDUSTRIES  TGE	Before Open	N/A	-0.08	N/A
TENNECO INC  TEN	Before Open	N/A	1.09	N/A
SOHU.COM INC  SOHU	Before Open	N/A	0.49	N/A
SIMON PROPERTY  SPG	Before Open	N/A	2.07	N/A
SEACOAST BKNG A  SBCF	Before Open	N/A	0.01	N/A
SCORPIO TANKERS  STNG	Before Open	N/A	0.05	N/A
ROPER INDS INC  ROP	Before Open	N/A	1.30	N/A
OLD NATL BCP  ONB	Before Open	N/A	0.25	N/A
NORWEGIAN CRUIS  NCLH	Before Open	N/A	0.27	N/A
NEVADA GOLD&CAS  UWN	Before Open	N/A	0.03	N/A
MWI VET SUPPLY  MWIV	Before Open	N/A	1.24	N/A
MERCURY GENL CP  MCY	Before Open	N/A	0.61	N/A
LOEWS CORP  L	Before Open	N/A	0.73	N/A
LINCOLN ELECTRC  LECO	Before Open	N/A	0.90	N/A
HOMESTREET INC  HMST	Before Open	N/A	0.86	N/A
HERTZ GLBL HLDG  HTZ	Before Open	N/A	0.46	N/A
HAEMONETICS CP  HAE	Before Open	N/A	0.47	N/A
FRANKLIN RESOUR  BEN	Before Open	N/A	2.56	N/A
FLAMEL TECH  FLML	Before Open	N/A	N/A	N/A
EDUCATION RLTY  EDR	Before Open	N/A	0.13	N/A
DSP GROUP INC  DSPG	Before Open	N/A	N/A	N/A
DIANA CONTAINER  DCIX	Before Open	N/A	-0.02	N/A
CNO FINL GRP  CNO	Before Open	N/A	0.26	N/A
CNA FINL CORP  CNA	Before Open	N/A	0.64	N/A
CHANGYOU.COM  CYOU	Before Open	N/A	1.36	N/A
CBIZ INC  CBZ	Before Open	N/A	0.15	N/A
CAL-MAINE FOODS  CALM	Before Open	N/A	N/A	N/A
BOARDWALK PIPLN  BWP	Before Open	N/A	0.30	N/A
ARMSTRONG WORLD  AWI	Before Open	N/A	0.63	N/A
AH BELO CORP  AHC	Before Open	N/A	N/A	N/A
XL GROUP PLC  XL	After Market Close	N/A	0.66	N/A
WPCS INTL INC  WPCS	After Market Close	N/A	N/A	N/A
WAUSAU PAPER CP  WPP	After Market Close	N/A	0.03	N/A
VERTEX PHARM  VRTX	After Market Close	N/A	-0.20	N/A
US ECOLOGY INC  ECOL	After Market Close	N/A	0.40	N/A
TEXAS ROADHOUSE  TXRH	After Market Close	N/A	0.29	N/A
SUPERIOR ENERGY  SPN	After Market Close	N/A	0.43	N/A
SOURCEFIRE INC  FIRE	After Market Close	N/A	0.01	N/A
SONUS NETWORKS  SONS	After Market Close	N/A	-0.01	N/A
SILICON MOTION  SIMO	After Market Close	N/A	0.20	N/A
SEASPAN CORP  SSW	After Market Close	N/A	0.24	N/A
QUAKER CHEMICAL  KWR	After Market Close	N/A	0.89	N/A
PS BUSINESS PKS  PSB	After Market Close	N/A	1.21	N/A
POST PPTYS INC  PPS	After Market Close	N/A	0.73	N/A
PMC-SIERRA INC  PMCS	After Market Close	N/A	0.05	N/A
PLUM CREEK TMBR  PCL	After Market Close	N/A	0.23	N/A
PEREGRINE SEMI  PSMI	After Market Close	N/A	-0.07	N/A
PARTNERRE LTD  PRE	After Market Close	N/A	0.94	N/A
OWENS & MINOR  OMI	After Market Close	N/A	0.46	N/A
NUTRI/SYSTEM  NTRI	After Market Close	N/A	0.20	N/A
NORTHEAST BANCP  NBN	After Market Close	N/A	N/A	N/A
NATL INTERST CP  NATL	After Market Close	N/A	0.41	N/A
NATL INSTRS CP  NATI	After Market Close	N/A	0.19	N/A
MASCO  MAS	After Market Close	N/A	0.19	N/A
MANITOWOC INC  MTW	After Market Close	N/A	0.36	N/A
LUMINEX CORP  LMNX	After Market Close	N/A	0.09	N/A
KEATING CAPITAL  KIPO	After Market Close	N/A	N/A	N/A
KAMAN CORP A  KAMN	After Market Close	N/A	0.59	N/A
KADANT INC  KAI	After Market Close	N/A	0.50	N/A
JACOBS ENGIN GR  JEC	After Market Close	N/A	0.84	N/A
J&J SNACK FOODS  JJSF	After Market Close	N/A	1.11	N/A
INTEVAC INC  IVAC	After Market Close	N/A	-0.33	N/A
INNOPHOS HLDGS  IPHS	After Market Close	N/A	0.75	N/A
INDEP BK MICH  IBCP	After Market Close	N/A	0.29	N/A
ICAD INC  ICAD	After Market Close	N/A	-0.17	N/A
HERITAGE OAKS  HEOP	After Market Close	N/A	0.09	N/A
HERBALIFE LTD  HLF	After Market Close	N/A	1.19	N/A
HEARTLAND FINCL  HTLF	After Market Close	N/A	0.58	N/A
HARTFORD FIN SV  HIG	After Market Close	N/A	0.71	N/A
GREENLIGHT CAP  GLRE	After Market Close	N/A	0.72	N/A
GLADSTONE INVES  GAIN	After Market Close	N/A	0.15	N/A
GIGAMON INC  GIMO	After Market Close	N/A	0.04	N/A
GENL GRWTH PPTY  GGP	After Market Close	N/A	0.25	N/A
FMC CORP  FMC	After Market Close	N/A	0.94	N/A
FIVE STAR QLTY  FVE	After Market Close	N/A	0.07	N/A
EXPRESS SCRIPTS  ESRX	After Market Close	N/A	1.10	N/A
ERICKSON AIR-CR  EAC	After Market Close	N/A	0.28	N/A
EASTMAN CHEM CO  EMN	After Market Close	N/A	1.64	N/A
DENNY'S CORP  DENN	After Market Close	N/A	0.08	N/A
DANAOS CORP  DAC	After Market Close	N/A	0.10	N/A
CORP EXEC BRD  CEB	After Market Close	N/A	0.63	N/A
COMSTOCK RESOUR  CRK	After Market Close	N/A	-0.30	N/A
COMPASS MINERLS  CMP	After Market Close	N/A	0.40	N/A
COMMNTY HLTH SY  CYH	After Market Close	N/A	0.57	N/A
COGNEX CORP  CGNX	After Market Close	N/A	0.38	N/A
CELADON GROUP  CGI	After Market Close	N/A	0.30	N/A
CAESARS ENTERTN  CZR	After Market Close	N/A	-1.67	N/A
BANKRATE INC  RATE	After Market Close	N/A	0.10	N/A
ARLINGTON ASSET  AI	After Market Close	N/A	1.25	N/A
ANADARKO PETROL  APC	After Market Close	N/A	0.89	N/A
AMKOR TECH INC  AMKR	After Market Close	N/A	0.13	N/A
AMER FINL GROUP  AFG	After Market Close	N/A	0.83	N/A
AMER CAP AGENCY  AGNC	After Market Close	N/A	0.90	N/A
ALLISON TRANSMN  ALSN	After Market Close	N/A	0.26	N/A
ALEXANDRIA REAL  ARE	After Market Close	N/A	1.07	N/A
AGREE RLTY CORP  ADC	After Market Close	N/A	0.51	N/A
ADVENT SOFTWARE  ADVS	After Market Close	N/A	-0.02	N/A
ADV ENERGY INDS  AEIS	After Market Close	N/A	0.17	N/A
ACADIA RLTY TR  AKR	After Market Close	N/A	0.30	N/A