Monday Market Update
Here is a little taste of what is in store from our site. In addition to making investors aware of some individual equity plays, we are trying to put retail traders and investors on the same playing field with the pro’s. In addition to making our members aware of potentially high return investments. Our site is also dedicated to giving you a summary of what’s going on in the broader market. We know that your time is valuable and reading various news sources can be time consuming. So let us do the work.
Here is a summary of what you need to know for Monday’s session:
50/200 Day Moving Averages
SPY- 50DMA 110.90,,,200DMA 102.30
QQQQ- 50DMA 44.77,,,,200DMA 40.74
DIA- 50 DMA 103.68,,,,200DMA 94.96
Some of Monday’s Earnings w/ expectations
COG .45
CPB .74
GNK 1.04
IRM .24
JRCC .44
JWN .79
SHLD 3.54
RSH .59
Both Sears Holdings and Nordstrom’s could create some opportunity from either the long or short side. Both are incredibly volatile, especially after they report earnings.
Economic Calendar w/ Expectation
2/23 9AM Case Shiller -3.1%
2/23 10AM Consumer Confidence 55.0
2/24 New Home Sales 355k
2/24 Crude Inventories N/A
2/25 Initial Claims 460k
2/25 Durable Orders 1.5%
2/25 FHFA Housing Price Index NA
2/26 GDP 2nd Estimate 5.7%
2/26 GDP Defaltor 0.6%
2/26 Chicago PMI 59.0
2/26 Michigan Consumer Sentiment 74.0
2/26 Existing Home Sales 5.50m
News/Events to trade on:
1) Health Care Summit on Thursday
2) China taking steps to slow lending,
3) Schlumberger buys Smith Int. for 11 billion (Watch SGY,ATPG and GST)
Cramer Recap (FridayPM):
1) Cramer is bullish on DVN
2) He inteviewed CEO of FRT who was bullish on Simon’s takover of GG
3) Cramer spoke with David Crane who is the CEO of NRG. Crane was cautious on coal and optimistic on renewable energy, nuclear power and natural gas.
Fast Money Recap (Friday PM):
Guy Adami- Long LVS
John Najarian likes MRO
Joe Terranova is bearish on CAL
Friday’s Most Stocks Active After Hours
1) QQQQ
2) MU
3) FITB
4) NWSA
5) CY
Friday’s Most Active Bulletin Board/Pink Sheets Stocks
1) BZCN
2) OPGX
3) KKUR
4) FMNJ
5) GERS
We hope this gives you an edge. More content and trading ideas will be added to future reports.
Remember to always make your own investment decisions and do your own due diligence.
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
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