52 Week Highs and Lows

NYSE

New Highs 18 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Alexandria RE Eqs Pfd E       AREpE       25.39                1,985 
BlkRk MuniHldgs CA Qlty       MUC         15.93               12,556 
Cohen & Strs Sel Prf Inco     PSF         25.25                2,416 
Dean Foods                    DF          14.09            1,232,413 
Disney                        DIS         45.75            5,279,587 
Hels Str tInco Fd             HSA         6.20                 6,777 
Hershey                       HSY         67.94              130,011 
Invesco MIO II                OIB         7.85                46,450 
Legg Mason BW Glbl Incm       BWG         20.46               36,707 
McCormick & Co                MKC         56.64               46,354 
Nuveen NJ Investment Qual     NQJ         15.35                7,514 
Nuveen Ohio Qual Income       NUO         18.17                2,633 
Nuveen Quality Income         NQU         15.49                9,683 
Pionr Muni HI Tr              MHI         15.84               10,852 
Regency Ctrs Pfd              REGpF       26.53                1,671 
Textainer Group Hldg          TGH         37.15               17,134 
Wstrn Asset Muni Ptnrs Fd     MNP         16.44                3,030 
White Mountains Insur         WTM         544.01               1,446 

New Lows 62 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
AAR Corp                      AIR         14.47               20,289 
ASA Gold & Prec Metals        ASA         21.96                6,619 
AbitibiBowater                ABH         11.89               10,103 
Alpha Natural Res             ANR         13.00            1,601,659 
Alumina ADS                   AWC         3.85                76,020 
AngloGold Ashanti             AU          31.84              235,380 
AngloGold Ashanti Pfd A       AUpA        38.94                  300 
Arch Coal                     ACI         7.29               899,465 
Banco Bilbao Argentaria       BBVA        6.34               443,690 
Banco Santander               STD         5.93             2,507,525 
Barrick Gold                  ABX         35.61            1,262,632 
Best Buy                      BBY         19.79              458,696 
Centrais Eletricas Brasil     EBR         8.11                23,250 
Cent Ele Brasil pfd. ADS      EBR/B       11.12               15,327 
Cenveo                        CVO         2.50                25,028 
Chesapeake Energy             CHK         16.40            2,312,717 
ChinaTele                     CHA         50.08               10,502 
Chiquita Brands               CQB         5.00               603,152 
Christopher & Banks           CBK         1.56                32,300 
Credit Suisse Group AG        CS          20.73              555,381 
Cushing Royalty & Incm Fd     SRF         23.07                1,500 
Ducommun                      DCO         9.00                12,712 
EldoradoGold                  EGO         11.29              597,376 
Enerplus                      ERF         16.61              212,949 
FTI Consulting                FCN         32.56              415,937 
Fortuna Silver Mines          FSM         3.10                89,388 
Goldcorp                      GG          33.55              737,651 
Green Dot Cl A                GDOT        24.21               38,660 
Harmony Gold Mining           HMY         8.92               170,550 
Harvest Ntrl Res              HNR         5.66                19,997 
Heckmann                      HEK         3.42               180,550 
Herbalife                     HLF         43.37            1,047,060 
IamGold                       IAG         10.62              303,649 
Indosat ADS                   IIT         25.74                  400 
Infoblox Inc                  BLOX        18.77                7,780 
ING Risk Mngd Nat Res         IRR         11.02               20,469 
Investment Tech Grp           ITG         8.93                68,193 
Ivanhoe Mines                 IVN         9.22               388,400 
Kinross Gold                  KGC         7.26             2,968,331 
LRR Energy                    LRE         16.50               17,844 
Memc Elec Materials           WFR         3.20               271,554 
Mechel OAO                    MTL         6.92               219,533 
Miller Indus                  MLR         14.37               41,469 
Modine Mfg                    MOD         6.58                19,135 
Moneygram Intl Inc            MGI         14.98                6,143 
Newmont Mining                NEM         44.01              759,860 
Nuveen Glbl Val Opp Fd        JGV         14.86                8,380 
Omega Protein                 OME         6.34                 5,422 
PNC Finl Svs Dep. Pfd. P      PNCpP       25.18               27,228 
RadioShack                    RSH         4.88               148,167 
Resolute Energy Cp            REN         9.50                52,151 
Resolute Energy wt            REN/WS      0.67                   800 
Retail Prop of America        RPAI        8.50                38,938 
SAIC Inc                      SAI         11.05               72,015 
Seabridge Gold                SA          13.98               42,284 
Silver Wheaton                SLW         25.57              715,567 
STMicroelec                   STM         5.12               256,511 
Transalta Corp                TAC         16.18               11,567 
U.S. Silica Holdings          SLCA        14.76               48,503 
Vale Cap II 6.75%             CJS         55.58                5,000 
Vale S.A.                     VALE        20.26            1,441,384 
Xerium Tech                   XRM         3.60                54,956

NASDAQ

New Highs 15 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Amer Cap Agency Pfd A         AGNCP       25.69                8,750 
Arena Pharmaceuticals         ARNA        3.89             7,452,304 
Bridgeline Digital            BLIN        1.40                11,470 
First California Finl Grp     FCAL        6.80               233,653 
Flexsteel Industries          FLXS        21.32                3,856 
Homeownrs Choice              HCII        16.10               33,650 
Homeownrs Choice wt           HCIIW       3.60                 3,101 
Interval Leisure Gp           IILG        20.24              102,883 
NASB Fincl                    NASB        18.71                1,378 
Peoples Bancorp  (Ohio)       PEBO        19.84                5,000 
PhotoMedex                    PHMD        17.84               12,646 
Quest Software                QSFT        25.19            1,672,904 
Reading Intl A                RDI         5.47                 7,697 
Vangrd Intermed-Trm Cp Bd     VCIT        85.25               19,584 
Waterstone Fincl              WSBF        3.49                 6,500 

New Lows 46 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
APCO Oil and Gas              APAGF       28.40                7,244 
ARCA biopharma Inc            ABIO        0.37                45,930 
AEterna Zentaris              AEZS        0.54               172,781 
Amyris                        AMRS        2.01               124,268 
Apollo Grp  (Cl A)            APOL        33.11               85,924 
Arkansas Best                 ABFS        14.11               31,039 
Cambium Learning Gr           ABCD        1.92                   256 
Cardiome Pharma               CRME        0.46                 5,100 
China Valves Technology       CVVT        1.60                22,746 
Complete Genomics             GNOM        2.20                48,418 
Compressco Partners           GSJK        11.94                  550 
Daegis                        DAEG        1.25                   780 
Daktronics                    DAKT        7.60                 8,203 
Deer Consumr Prdcts           DEER        2.83                15,620 
Ecology&Environment           EEI         14.22                  552 
Erickson Air-Crane            EAC         7.25                   400 
Euroseas                      ESEA        1.53                 4,755 
First Solar                   FSLR        16.05              625,243 
First Tr ISE Glbl Platinm     PLTM        17.10                  851 
GT Advanced Technologies      GTAT        6.01                96,623 
iSh All Cntry exJap SmCp      AXJS        55.00                  309 
iSh MSCI Emg Mkts EMEA        EEME        50.81                  600 
iSh MSCI Emg Mkts Lat Am      EEML        50.00                  500 
iShs S&P Glbl Cln Enrgy       ICLN        7.86                 4,784 
LJ Intl                       JADE        1.64                 7,199 
Lake Shore Bancorp            LSBK        8.29                 1,221 
M/A-COM Tech Solutions        MTSI        17.51               16,356 
ManTech Intl  (Cl A)          MANT        24.22               19,594 
Maxwell Techs                 MXWL        8.69                60,895 
NCI                           NCIT        4.50                 2,623 
Pan American Silver           PAAS        16.28              264,416 
Power-One                     PWER        3.58               113,019 
PwrShs Gbl Gld & Prec Mtl     PSAU        32.25                  300 
PwrShrs Glbl Wind Energy      PWND        5.95                 3,725 
Renewable Energy Group        REGI        8.37                 1,400 
Riverbed Tech                 RVBD        17.40              399,246 
SMART Technologies            SMT         2.35                 3,997 
STEC                          STEC        6.53               793,025 
Scientific Learning           SCIL        1.55                10,750 
Sify Techs  (ADS)             SIFY        2.45                23,227 
Silver Standard Resources     SSRI        11.99               93,939 
Sycamore Networks             SCMR        15.03                  668 
TeleComm Systems  (Cl A)      TSYS        1.60                45,246 
Twin Disc                     TWIN        18.98               44,206 
Global Investors              GROW        4.65                36,003 
Virtusa                       VRTU        11.41               14,542

3D heat map

S&P A/D Line 

NASDAQ A/D Line

-CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
AAPL       5/11/12         565.0000         187            6.9500      dn 0.5500 
AAPL       5/11/12         585.0000         156            1.2500      up 0.1200 
MRO        7/21/12          27.0000         140            0.8800      dn 0.6800 
AAPL       5/19/12         585.0000         130            4.0500      dn 0.8500 
AAPL       5/11/12         570.0000         127            4.4000      dn 0.8000 
C          6/16/12          31.0000         100            1.4200      dn 0.2300 
PHM        5/19/12          10.0000          91            0.1400      dn 0.0500 
JPM        5/11/12          41.0000          81            0.2200      dn 0.4300 
AAPL       5/11/12         580.0000          75            1.4300      dn 0.5200 
DIS        5/19/12          47.0000          74            0.2000      up 0.0500 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
MS         7/21/12          14.0000         199            0.7200      up 0.0900 
AAPL       5/11/12         560.0000          97            3.7400      up 1.1400 
GLD        5/11/12         154.0000          95            1.0100      up 0.6100 
AAPL       5/11/12         555.0000          90            2.6400      up 0.8800 
X          6/16/12          25.0000          88            1.4400      up 0.3100 
DD         6/16/12          52.5000          86            2.0400      up 0.0700 
SIRI       6/16/12           2.5000          83            0.4000      up 0.0300 
DIS        6/16/12          45.0000          67            1.1300      dn 0.9900 
PFE        1/19/13          15.0000          67            0.1900      up 0.0200 
BP         5/19/12          38.0000          66            0.4300      up 0.2300 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
13141    25201        38342

-CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
TEVA       6/16/12          45.0000        3639            0.4700      dn 0.6100 
TEVA       5/19/12          45.0000        3140            0.1400      dn 0.5700 
XOM        7/21/12          85.0000        2789            1.4900      dn 0.1900 
HLF        5/19/12          50.0000        2531            1.7000      up 0.3500 
SPY        5/19/12         135.0000        2298            1.8100      dn 0.7200 
SPY        5/19/12         137.0000        1854            0.8500      dn 0.4200 
SPY        5/19/12         134.0000        1744            2.3300      dn 0.9300 
UTX        1/19/13          80.0000        1719            4.2500      dn 0.8500 
SPY        5/11/12         137.0000        1717            0.2500      dn 0.4200 
SPY        5/11/12         135.0000        1662            1.0700      dn 0.8300 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
SPY        6/16/12         134.0000       13738            3.1300      up 0.7800 
SPY        6/16/12         130.0000       10202            1.8300      up 0.4900 
SPY        6/16/12         136.0000        7444            3.9600      up 0.8700 
SPY        6/16/12         129.0000        7056            1.6500      up 0.4800 
SPY        6/16/12         140.0000        6769            6.5000      up 1.2600 
SPY        5/19/12         135.0000        6314            1.6400      up 0.5900 
SPY        5/19/12         136.0000        6150            2.1800      up 0.7600 
SPY        5/19/12         132.0000        5721            0.7200      up 0.2900 
T          5/19/12          33.0000        3049            0.3600      up 0.0600 
SPY        7/21/12         132.0000        3000            3.5300      up 0.5100 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
256965    345272        602237

“Remember the NDAA? Yeah, for a variety of reasons that bill got a lot of attention last year — mostly focused on the question of detainment of terrorists. But there are some other nuggets in the bill, including one tidbit about “military activities in cyberspace.” The existing version of the NDAA does grant the Defense Department the ability to conduct such military activities, but only “upon direction by the President” and if the purpose is to “defend our Nation, Allies and interests,” subject to existing laws. ”

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Pay the fine and do the crime is today’s motto in business.

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Already awash in natty gas, we are now discovering how to produce a steady stream of gas from methane hydrates. This will have serious implications for the oil markets as the technology develops.

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Hilarious

$CPWM gets bot for $22 per share…

Full report

SWARTHMORE, Penn. (MarketWatch) — In a very modern version of ancient Rome’s bread-and-circuses formula, Facebook is staging its roadshow for major institutional investors this week.

The company will toss some bits to the masses — or, at least, to the individual investors among the masses who want to get in on its initial public offering when it hits the market next week.

However, it won’t be easy picking up those crumbs. Companies going public routinely distribute most of their available shares to the big-bank underwriters, who resell most of them to their biggest institutional clients. According to the New York Times, when the Facebook IPO launches on May 17 “as much as” 20% to 25% of the 337 million available shares will be distributed through brokerage firms that cater to individual investors. The usual cut to retailers is about 15%.”

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Apartment rents in Manhattan have roared to an historic high.

The average apartment now costs $3,429 a month.

Full Article

If your trying to piece it all together then this is a must read for those who are trying to understand what the hell is going on.

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“Federal Reserve Bank of Dallas President Richard Fisher said that a recent drop in equity prices is no reason for the central bank to intervene to boost the economy.

“Markets are manic depressive, they come and go,” Fisher told reporters Tuesday in Dallas when asked if slumping markets and slower-than-expected employment gains had changed his outlook for Fed policy. “The key to success here is not further monetary accommodation.”

The U.S. central bank last month said the recovery will “pick up gradually,” and upgraded its forecasts for inflation, growth and unemployment for this year. Reports released since then have suggested a more tempered outlook for the economy, with employers adding the fewest number of workers in six months in April.

Fisher said that business owners want clarity on health care costs and taxes, and that trillions of dollars are sitting on sidelines until then. He spoke to reporters following an appearance at an economic forum put on by the Dallas Convention and Visitors Bureau.”

Full article

“The European economy resembles a “slow motion train wreck” that will end with Greece leaving the eurozone, says New York University economist Nouriel Roubini.

In recent elections, Greece’s leading political parties failed to muster enough votes to form a coalition government that would favor staying the course with austerity measures in exchange for bailout money.

Calls to scrap austerity are growing, even if such policies mean shut off the flow of bailout money, which is roiling currency and stock markets worldwide.”

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“The U.S. economy is at risk of slipping back into recession in 2013 because of likely impasses in Washington over taxes and mandatory spending cuts, said Wilbur Ross, the billionaire investor.

“That’s too big a hit for the economy to take,” Ross said during a discussion at Bloomberg Markets’ Global Financial Elite lunch in New York.

“We’re going to have another freak show at the end of the year.”
Full article

“In 2010 the U.S. stock market peaked at the end of April and then sold off until the Fed announced QE2 several months later. In 2011 the stock market peaked at the end of April and sold off until the Fed announced Operation Twist several months later.

This will be the third year in a row that stocks have started selling off in May. I predict the drop will continue until the Fed announces the next version of stock market stimulus; probably in August at the Fed’s Yellowstone confab.

Why stock prices did not peak at the end of this April was that in April 2010 and April 2011 there were decent inflows into U.S. equity mutual funds and U.S. ETFs. This April there were outflows not inflows from both U.S. equity mutual and exchange-traded funds…”

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Homeowners looking to refinance have been told to wait 60-90 days. Hundreds of thousands of would be borrowers  trying to take advantage of low rates  have not received any service after bailing out the nations largest banks.

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“Go away, American millionaires.

That’s what some of the world’s largest wealth-management firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all say they have turned away business.”

Full article

Gapping up

DMD +22.3%, VTSS +17.4%, HIMX +15%, EVOL +11.9%, TAST +4.7%, MCEP +3.8%,

NILE +3.7%, TNGO +3.6%, MDVN +3.2%, JIVE +2.8%, AMTG +2.4%, DIS +1.6%, EA +1.2%,

Gapping down

STEC -11.7%, DVAX -9%, SGEN -8.6%, GCA -7.8%, GPOR -6.4%, KTOS -4.2%, STD -4.2%, MELI -4.2%,

MWE -3.8%, BBVA -3.8%, MT -2.9%, GMCR -2.8%, RDS.A -2.4%, BP -2%, TOT -1.8%, SLV -1.6%,

BHP -1.5%, BBL -1.5%, GLD -1.3%, TEVA -1.3%, BAC -1.2%, NLY -1%