Thursday, February 12, 2009

LIFE is Good...

We will be posting BMO and intra-day on Friday as it is a free schedule day...so check during trading hours tomorrow! DJIA - 6.77, -0.09% SP500 + 1.45, +0.17% NASDAQ Comp. + 11.21, +0.73% Russell 2000 + 2.47, +0.55% Exchange NYSE NASD Advancing 1,680 1,370 Declining 2,001 1,318 Oil $33.98 -$1.96 Gold $948.50 +$4.70 SOX 217.90 +2.79 VIX 41.25 -3.28 The VIX moved down confirming the move up in the SPX on Thursday. Big drop in the VIX today…is this telling us look for a big SPX move? Strongest Sectors: XLB +1.67%...XLV +1.16%...XLP +0.92% Weakest Sectors: XLF -1.27%...XLI -1.12%...XLU -0.87% Sector Watch Up Trending: Sideways: XLE, XLP, XLU, XLY, XLV, XLI, XLB, XLK Down Trending: XLF If you have been paying attention to our pre-market posts on BMO earning announcements, you saw that LIFE this morning had earnings +0.83 that beat +0.54 estimates. The stock opened at 28.00 near Wednesday's close and rose $2.63 or +9.39%. Indeed LIFE is good! Stocks rallied in the final hour of trading on news that the government was developing a plan to help subsidize mortgage payments for homeowners with payment problems. AKAM formed a large white engulfing candle forming a new high close in its horizontal bull flag. AMZN formed a hammer in its bull flag pullback. Index Commentary The DJIA formed a dragon fly doji, a bullish pattern in the area of horizontal support. The SPX formed a hammer which was a confirmation of Wednesday’s bullish harami. The Nasdaq formed a bullish engulfing on Wednesday’s bullish harami. The RUT formed a bullish engulfing hammer on Wednesday’s bullish harami. Stock Commentary Check out these 22 bull flag patterns on stocks in the NDX 100 that we discussed in Thursday night's webcast: AAPL, AKAM, AMZN, BIIB, CEPH, CHKP, DISH, EXPE, GENZ, GILD, GOOG, HANS, ILNM, JAVA, LLTC, MRVL, MXIM, RYAAY, STLD, SYMC, VRTX, XLNX Earnings Thursday, Feb 12 Symbol Earnings Estimate AET +0.96 beat +0.94 CPLA +0.66 beat +0.62 KO +0.64 beat +0.61 ECA +0.60 below +0.77 FCL +0.89 beat +0.50 LIFE +0.83 beat +0.54 CLI +1.00 beat +0.87 MAR +0.34 below +0.39 MLM +0.80 below +0.83 NXY -0.35 below +0.31 NRG +0.98 beat +0.42 NWN +1.25 beat +1.21 ZEUS +0.07 below +0.18 PTEN +0.64 beat +0.55 REV +0.22 below +0.70 STRA +1.71 beat +1.70 ULBI +0.01 below +0.07 WMI +0.49 beat +0.48 ACAP +1.24 beat +1.24 AGII +0.38 below +0.73 COG +0.44 beat +0.41 CEPH +1.46 beat +1.36 CAKE +0.15 beat +0.14 ENH +0.94 below +1.00 GDI +0.74 beat +0.62 MFE +0.53 inline +0.53 NTGR -0.08 below +0.07 PNRA +0.86 beat +0.84 RNWK-0.10 below -0.03 TK +1.29 beat 1.12 VCLK +0.23 beat +0.15 Numbers exclude non-recurring items Fri Feb 13 BMO – ANF, ALE, BAM, CTSH, ENB, PEP, WYN

Stocks to Watch on Friday Leading Stocks: Holding Above 30 DMA NFLX, ESI, MYGN, MON, SYNA, BLUD, APEI, HANS, WRC, GMCR, PCP, GES, GME, MHS, SWN, MOS, TDG, AAPL, BIIB, GPRO, WCG, VAR, BIDU, VPRT, FLS, AMZN, SLGN, ATW, FSLR, PCLN, RBN, AMED, DLB, ORCL, PSYS, EBAY, CTSH, ESRX, GILD, ICE Moving Above 30 DMA = 7 CPLA, GXDX, HLF, JCOM, JW.A, MUR, RCI Moving Below 30 DMA = 4 AMX, DV, STRA, SPWRA Staying Below 30 DMA CHL, PCR, PWR, RIMM, BDX, BYI, CAM, PPD, ACN, NIHD, SNHY, JOYG, CLB, DLTR, K, BKC, JOSB, JEC, PETS, NTLS, BAP, HDB, CBST, DECK, SNA, AFAM, EZPW, WAB, ALGT, AXYS

Thursday’s Action Moving Up: CF, AFAM, PNRA, V, IPI, AGU, ANR, POT, BUT, ONXX, CLF, ESRX, GS, MOS, X, NUE, CNX, GRMN Moving Down: STRA, MA, FSLR, ZION Intermediate Term Market Trend: Neutral – DJIA, SPX, Nasdaq, RUT Short Term Market Trend: Neutral

1 comment:

Kim said...

Hi Dave,

Where can we find your Thursday night webcasts?

Thank you!
Kim