This market has no chance of going down when any little dip presents asshat dip buyers.
DOW down 21
NASDAW down 12
S&P down 7.5
[youtube://http://www.youtube.com/watch?v=bEea624OBzM 450 300] Comments »
FLASH: Huge Intraday Buy Spike in the $SPY
Most Active Options Trades
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 2/18/12 8.0000 3187 0.0900 dn 0.0100 MET 3/17/12 31.0000 2046 3.9000 dn 2.3500 BAC 3/17/12 8.0000 1415 0.2200 dn 0.0100 NBR 2/18/12 18.0000 764 0.8000 up 0.1700 AAPL 1/27/12 450.0000 711 0.6200 dn 0.9500 BAC 2/18/12 7.0000 686 0.5100 dn 0.0100 WFC 2/18/12 30.0000 490 0.5000 dn 0.2900 BAC 2/3/12 8.0000 410 0.0200 dn 0.0200 GOOG 1/27/12 580.0000 349 0.3000 dn 0.3400 JCP 2/18/12 36.0000 341 2.7700 up 2.0700 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 2/18/12 7.0000 1134 0.1600 dn 0.0100 AAPL 1/27/12 445.0000 584 2.2200 up 0.3200 WFC 3/17/12 30.0000 421 1.4400 up 0.4300 AAPL 1/27/12 440.0000 401 0.4500 dn 0.3300 GME 7/21/12 22.0000 343 1.6300 up 0.5000 GLD 1/27/12 166.0000 238 0.2500 dn 3.0100 GLD 2/18/12 151.0000 233 0.1600 dn 0.0800 LVS 1/27/12 50.0000 230 1.0500 up 0.4000 GLD 1/27/12 165.0000 193 0.1200 dn 0.6000 HBAN 4/21/12 5.0000 166 0.1000 dn 0.0100 -VOLUME- CALLS PUTS TOTAL 76872 69399 146271
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE BAC 2/18/12 8.0000 11300 0.0900 dn 0.0100 MT 3/17/12 23.0000 10000 0.9200 up 0.2900 GLD 2/18/12 175.0000 9916 0.9700 up 0.0400 KOG 1/19/13 10.0000 7154 2.0000 dn 0.0800 AAPL 1/27/12 450.0000 7128 0.5300 dn 0.9700 KOG 1/19/13 15.0000 6982 0.6600 dn 0.0700 BAC 3/17/12 8.0000 6445 0.2200 dn 0.0200 CS 6/16/12 33.0000 6121 0.6500 up 0.2000 CSCO 2/18/12 20.0000 5398 0.6200 up 0.0200 NFLX 1/27/12 120.0000 4760 0.5500 dn 0.1500 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE WFC 7/21/12 28.0000 11187 1.9800 up 0.2400 GLD 3/17/12 144.0000 7500 0.2600 dn 0.1000 XEC 6/16/12 45.0000 5500 1.3000 dn 0.1000 GLD 3/17/12 155.0000 5497 1.0100 dn 0.2100 ESI 1/19/13 62.5000 4600 13.5000 up 0.7500 ESI 1/19/13 52.5000 4600 9.0000 up 0.4500 MMR 2/18/12 8.0000 4207 0.1600 up 0.0500 PSS 2/18/12 15.0000 4045 0.7000 up 0.0000 BAC 2/18/12 7.0000 3810 0.1700 up 0.0000 C 6/16/12 28.0000 3197 2.0500 dn 0.2700 -VOLUME- CALLS PUTS TOTAL 1499072 1348681 2847753Comments »
Money Flows, Heat Map, and the S&P A/D Line
Money Flows
ISSUE GAINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
iShs iBX $ High Yld Cp Bd HYG ARCA 91.14 +82.2 2.79
Apple AAPL NASD 444.61 +80.6 1.09
SPDR Barclays Cap Hi Yld JNK ARCA 39.62 +74.0 5.85
iShrs MSCI Brazil (Free) EWZ ARCA 66.58 +66.9 1.89
SPDR S&P MidCap 400 ETF MDY ARCA 170.97 +35.8 1.80
Rydex S&P Equal Weight RSP ARCA 49.37 +32.7 10.51
Micromet MITI NASD 10.91 +29.8 1.97
Illumina ILMN NASD 53.20 +29.6 1.46
Mkt Vectors Gold Miners GDX ARCA 56.41 +28.5 1.31
PwrShrs QQQ Tr Series 1 QQQ NASD 60.36 +26.7 1.36
Philip Morris Intl PM NYSE 76.25 +22.6 1.60
Potash Corp POT NYSE 46.11 +22.2 1.24
Google GOOG NASD 570.80 +20.2 1.07
CurrencyShares AUD Tr FXA ARCA 106.68 +19.6 2.95
Intel INTC NASD 26.78 +19.0 1.31
Barrick Gold ABX NYSE 49.24 +18.7 1.41
UnitedHealth Group UNH NYSE 50.43 +15.7 1.27
WsdmTr Emrg Mkts Eqty Inc DEM ARCA 55.72 +15.0 3.31
Broadcom BRCM NASD 35.41 +14.5 1.50
Sirius XM Radio SIRI NASD 2.08 +14.0 2.50
ISSUE DECLINERS SYMBOL EXCH LAST PRICE MONEY FLOW RATIO
(in millions)
Caterpillar CAT NYSE 112.11 -78.2 0.81
China Mobile CHL NYSE 50.09 -65.8 0.06
Pfizer PFE NYSE 21.59 -47.8 0.51
Procter & Gamble PG NYSE 65.14 -46.2 0.52
iShrs Russell 2000 IWM ARCA 79.33 -42.0 0.76
Schwab Emerg Mkts Eqty SCHE ARCA 25.37 -37.8 0.02
iShs Tr DJ U.S. Real Es IYR ARCA 60.78 -27.5 0.55
Corning Inc GLW NYSE 12.78 -26.0 0.68
SanDisk SNDK NASD 47.31 -25.4 0.86
Oracle ORCL NASD 28.36 -23.6 0.65
AT&T T NYSE 29.56 -20.9 0.85
ArcelorMittal MT NYSE 21.99 -19.7 0.29
CurrencyShs Jpn Yen Tr FXY ARCA 127.04 -19.3 0.30
Johnson & Johnson JNJ NYSE 65.76 -18.3 0.77
Netflix NFLX NASD 115.61 -17.5 0.97
CenturyLink CTL NYSE 37.39 -15.1 0.57
Delta Air DAL NYSE 10.38 -15.1 0.59
iShrNasdaqBiotch IBB NASD 115.06 -14.4 0.43
Wells Fargo WFC NYSE 29.49 -13.2 0.85
UltraPro Short S&P 500 SPXU ARCA 11.18 -13.1 0.49
Comments »
52 Week Highs and Lows
NYSE
New Highs 210 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Advance Auto Parts AAP 76.49 213,563 Ala Pwr 5.83% O pfd. ALPpO 27.78 1,500 Allergan AGN 90.00 674,439 Alliance CA Municipal AKP 15.22 6,058 Alliance Data Sys ADS 111.74 159,092 AllianceBrnstn NtlMun AFB 15.34 42,009 Amer Muni Income Ptf XAA 15.10 2,406 American Water Works Co AWK 33.37 600,770 Ametek AME 47.75 621,789 BlackRock CA Municipal Tr BFZ 15.26 34,442 BlRk Cr Alloc Inco Tr IV BTZ 12.78 120,511 BlackRock Long-Term Muni BTA 12.19 30,069 BlkRk Muni NY Inter Dur MNE 14.89 3,102 BlkRk Muni 2018 Trm Tr BPK 16.95 18,659 BlackRockMuni 2020 BKK 16.04 15,747 BlackRock Muni BBK 16.67 14,042 BlackRock Mun BAF 15.85 16,259 BlackRock Mun Inco BBF 14.87 5,859 BlackRockMuni Tr BYM 15.33 33,917 BlackRock Municipal Trust BFK 14.93 56,199 BlkRk MuniHldgs II MUH 16.21 24,729 BlkRk MuniHldgs MHD 17.62 18,875 BlkRk MuniHldgs Inv MFL 15.00 66,745 BlRk MuHldg NY Qlty MHN 15.42 39,513 BlkRk MuniYld CA Quality MCA 15.00 34,214 BlkRk MuniYld Inv MYF 15.45 28,749 BlkRd MuniYld Michigan II MYM 14.94 15,982 BlkRk MuniYld NJ Fd MYJ 15.75 14,812 BlRk Muyld NJ Qlty MJI 15.84 7,374 BlRk Muyld NY Qlty MYN 14.35 42,563 BlkRk MuniYld Quality MQY 16.06 36,376 BlkRk MuniYld Ins Qlty MFT 14.69 13,873 BlackRock NJ Municipal Tr BNJ 16.48 10,693 BlkRk NY Muni BQH 16.03 7,493 BlkrckNYMuni Qlty BSE 15.85 9,478 BlackRock NY Municipal Tr BNY 15.99 17,118 BlkRk Cr Alloc Tr I PSW 9.55 24,613 Blackrock Strategic Muni BSD 14.11 6,870 Bonanza Creek Energy BCEI 16.25 378,740 Brown Forman B BF/B 83.53 43,920 Carters CRI 42.10 126,172 Cascade Corp CASC 58.33 42,298 Chesapeake Granite Wash CHKR 24.99 404,802 Chipotle Mexican Grill CMG 370.35 307,462 Citizens Fdg Tr I 7.50% CTZpA 25.50 5,900 Clean Harbors CLH 66.14 62,712 Cleco Corp CNL 38.65 248,649 Coach COH 70.00 1,738,394 CommonWealth REIT Pfd E CWHpE 25.21 6,794 CommonWealth REIT nts CWHN 22.40 5,122 CompanhiaSBEDP SBS 64.63 323,895 ConAgra Foods CAG 27.34 1,204,582 ContinentalRes CLR 83.77 911,898 Credicorp BAP 115.99 123,254 Crown Castle Intl CCI 47.23 1,417,685 CubeSmart CUBE 11.49 570,541 Cypress Sharpridge Invs CYS 13.95 709,013 Delphi Automotive DLPH 26.64 297,377 Diageo PLC DEO 89.65 861,764 Digital Realty Trust DLR 69.85 480,177 Discover Fnl Svcs DFS 28.09 4,449,322 Dollar General DG 43.00 782,072 Douglas Emmett DEI 21.11 751,502 Dreyfus Strat Muni Bond DSM 8.91 32,066 EastGroup Properties EGP 47.96 329,778 Eaton Vance Mun Income EVN 13.75 85,245 EV National Municipal Opp EOT 21.45 30,145 Ecolab Inc ECL 61.42 875,954 Ecopetrol EC 51.11 278,029 Education Realty Trust EDR 10.80 225,285 Elan Corp ELN 14.18 2,277,061 Endurance Spec Hldgs PfB ENHpB 26.43 52,372 Enterprise Pdts Partners EPD 49.48 701,759 Equifax Inc EFX 40.10 145,415 Extra Space Storage EXR 25.94 242,453 F M C Corp FMC 93.61 102,464 FMC Tech FTI 55.00 944,222 Federal Realty Inv Trust FRT 95.11 237,223 Fed Premier Intemediate FPT 14.99 21,431 Fidelity Ntl Financial FNF 18.30 835,392 Fst Niagara Finl Pfd B FNFGpB 27.00 22,002 First Republic Bk Pfd A FRCpA 25.04 208,107 First Tr Strat High Fd II FHY 16.15 57,425 Foot Locker FL 26.82 534,664 Franklin Universal FT 6.87 44,554 HBFuller FUL 28.46 116,116 Gazit-Globe GZT 10.07 36,604 Group 1 Auto GPI 55.20 130,558 Grupo Aero Sureste ads ASR 66.32 22,615 John Hancock Pfd Income HPI 22.70 51,100 John Hancock Pfd II HPF 21.98 28,305 Health Care REIT HCN 57.48 1,384,444 Helios Multi-Sec Inco Fd HMH 5.70 12,926 Hornbeck Offshore HOS 36.61 570,262 DR Horton DHI 14.70 4,620,398 Hospitality Prop Tr Pfd D HPTpD 24.95 235,157 Hubbell B HUB/B 73.88 213,288 Inergy Midstream LP NRGM 20.88 219,575 Invesco CA Mun Secs ICS 15.21 13,302 Invesco Mun Incm Opps Tr OIA 7.04 52,954 Invesco Mun Prem Inc PIA 9.30 28,945 Invesco NY Qty IQN 15.93 3,468 Invesco Qty Inv IQT 14.38 23,824 Invesco Quality Mun Secs IQM 15.25 32,574 Invesco Value Mun Secs IMS 15.35 24,787 Invesco VnKmCAInc VCV 13.57 15,292 Invesco VK MuniOpp VMO 15.69 241,030 Invesco Van Kampen Mun Tr VKQ 14.55 55,544 Inv Vn Km Inv Grd VGM 15.37 89,042 Inv Vn Km NJ VTJ 18.10 5,631 Invesco VnKmNY VTN 15.72 19,662 James Hardie Indus ADS JHX 39.56 2,882 JHancock Pr Div PDT 13.99 94,891 Kennametal KMT 46.21 706,767 Kinder Morgan Mgmt KMR 80.82 263,961 LSI Corp LSI 7.97 27,642,621 Las Vegas Sands LVS 50.68 10,478,632 Lions Gate Entertainment LGF 11.28 693,250 MFS Hi Yld Muni CMU 4.94 44,417 MFS Invest Grade Muni CXH 10.48 28,944 MI Developments MIM 35.56 214,421 Mangd Durtn InvGr Mun Fd MZF 15.13 14,144 MarkWest MWE 58.33 299,428 Maximus MMS 45.68 51,394 Mead Johnson Nutrition MJN 77.40 2,119,651 Meritage Homes MTH 28.25 742,310 Michael Kors Holdings KORS 30.65 354,314 Molina Hlthcr MOH 29.79 525,252 Monsanto MON 81.79 1,483,684 Montpelier RE Hldgs Pfd A MRHpA 27.96 45,881 Neenah Paper NP 24.48 57,611 Noble Energy NBL 103.16 590,939 Nuveen CA Div Fnd NAC 14.73 32,536 Nuveen CA Investment NQC 15.47 7,271 Nuveen CA Muni Mkt NCO 15.21 13,427 Nuveen CA Performance NCP 15.34 8,422 Nuveen Ins CA NXC 14.38 9,499 Nuveen Connecticut Prem NTC 14.48 15,807 Nuveen Div Fnd NAD 14.92 68,386 Nuveen Enhncd Mun Val Fd NEV 15.08 81,247 Nuveen Mich Premium Inc NMP 14.58 4,198 Nuveen MI Quality Income NUM 15.07 7,871 Nuveen Muni Advantage Fd NMA 15.05 89,156
Nuveen Muni Mkt Opp NMO 14.59 48,057 Nuveen Mun Opportunity Fd NIO 15.00 114,417 Nuveen Muni Value Fund NUV 10.04 140,477 Nuveen NJ Investment Qual NQJ 14.90 10,394 Nuveen NJ Premium Income NNJ 15.67 13,303 Nuveen NY Div Fnd NAN 14.75 12,984 Nuveen NY Performnce Plus NNP 16.06 9,638 Nuveen NY Select Quality NVN 15.89 15,692 Nuveen Insured NY Select NXN 14.76 4,000 Nuveen Ohio Qual Income NUO 17.32 17,384 Nuveen Pa Premium Inc 2 NPY 14.29 22,877 Nuveen Performance Plus NPP 15.70 68,582 Nuveen Premier Muni Inc NPF 15.00 23,639 Nuveen Premium Inco Muni NPI 14.70 74,275 Nuveen Prem Inco Muni 2 NPM 15.22 127,786 NuvPremIncmMuniOpp NPX 14.07 50,774 Nuveen Prem Inco Muni 4 NPT 13.80 56,018 Nuveen Quality Income NQU 15.08 61,162 Nuveen Quality pf JTP 8.12 133,150 Nuveen Quality Pfd JHP 8.48 54,629 PS Bus Parks Pfd S PSBpS 25.10 139,132 Pall Corp PLL 60.75 228,942 Pier 1 Imports PIR 16.04 1,060,640 Pimco Calif Fund PCQ 14.69 30,130 PIMCO CA PZC 10.66 29,715 Pimco Muni Inc II PML 12.89 392,986 PIMCO Muni Inc III PMX 12.08 62,752 PIMCO NY Fd PNF 12.00 21,723 PimcoNY Fd PYN 10.15 15,230 Plains All Amer Pipeline PAA 77.45 218,214 PPLUS 6.25% GSI-1 PYK 24.93 2,855 Putnam Muni Opportunities PMO 12.48 101,828 RSC Hldgs RRR 21.30 807,765 Realty Income O 36.60 272,605 RenaissanceRe Hldgs RNR 76.37 300,684 Rentech Nitrogen Ptrs LP. RNF 22.57 131,608 Roper Indus ROP 96.00 205,956 Rose Rock Midstream RRMS 21.17 50,610 Ryland Group RYL 19.50 1,264,453 SandRidge Mississip Tr SDT 34.24 173,619 Sempra Energy SRE 58.42 954,340 Sherwin-Williams SHW 99.60 1,633,391 Simon Property Group SPG 137.29 732,919 Six Flags Entertainment SIX 44.14 115,733 Sonic Auto SAH 16.51 269,572 Sovran Self Storage SSS 45.78 35,094 SpectraEnergy SE 31.93 948,922 Sturm Ruger RGR 40.00 74,486 Sun Communities SUI 40.41 142,068 Systemax SYX 17.96 3,467 TJX Cos TJX 68.44 1,081,848 Taiwan Semi Mfg TSM 14.43 7,290,660 Taubman Ctrs TCO 66.70 173,640 TransDigm Group TDG 103.18 146,336 Tredegar TG 25.00 12,679 Tyler Tech TYL 35.31 100,362 Union Pacific UNP 115.81 1,504,375 Utd Rentals URI 38.62 4,200,753 Urstadt Biddle Properties UBP 18.94 71,076 Valspar Corp VAL 42.83 280,478 Ventas VTR 58.80 1,279,694 Wesco International WCC 66.01 1,372,603 Wstrn Asset Muni Ptnrs Fd MNP 15.80 28,448 Williams Cos WMB 29.68 2,712,856 World Fuel Svcs INT 45.68 127,333 Wyndham Worldwide WYN 41.21 713,577 Yamana Gld AUY 17.82 8,028,510 New Lows 3 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ Bill Barrett BBG 27.43 766,914 Covance Inc CVD 42.02 2,788,707 Feihe International ADY 2.22 225,566
NASDAQ
New Highs 85 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ AEP Industries AEPI 31.96 14,321 Ansys ANSS 62.45 133,381 Advisory Board ABCO 79.74 22,929 Altisource Ptfl Sol SA ASPS 54.20 99,861 Arc Wireless Solutions ARCW 3.35 1,300 Arctic Cat ACAT 30.04 745,770 Ariad Pharm ARIA 15.15 1,823,134 Atrion ATRI 244.81 500 Bank of the James Finl BOTJ 5.20 1,000 Blackbaud BLKB 31.03 68,955 C&F Fincl CFFI 31.53 1,525 Century Bancorp (Cl A) CNBKA 29.50 300 Chefs' Warehouse CHEF 20.57 25,456 Citizens & Northern CZNC 22.02 19,045 City Hldg Co CHCO 36.89 23,961 Columbia Banking System COLB 22.25 395,770 Comcast A Sp CMCSK 25.77 2,848,656 Core Mark Hldg Co CORE 41.65 27,811 Curis CRIS 5.09 347,491 Datawatch Corp DWCH 6.31 18,964 Donegal Group Inc A DGICA 15.22 1,459 Eagle Bancorp EGBN 16.07 32,607 Endologix ELGX 12.95 145,659 ePlus Inc PLUS 31.41 2,000 Equinix EQIX 121.75 1,401,629 FEI Co FEIC 45.85 87,056 First California Finl Grp FCAL 4.25 243,000 Franklin Financial FRNK 12.50 1,921 German American Bancorp GABC 19.93 4,852 Gibraltar Industries ROCK 16.10 16,640 Gilead Sciences GILD 48.73 4,343,025 Golar LNG Partners LP GMLP 34.25 13,876 Guaranty Federal Bancshrs GFED 7.77 900 JB Hunt Transport JBHT 49.41 721,403 IDEXX Laboratories IDXX 87.69 111,992 InnerWorkings INWK 10.88 96,919 Intel INTC 27.00 26,353,672 Intuit INTU 58.06 756,422 iSh MSCI Emg Mkts Lat Am EEML 55.74 1,100 iShrNasdaqBiotch IBB 116.76 695,474 Jack Henry & Associates JKHY 34.67 120,072 KLA-Tencor KLAC 52.11 1,350,667 Landstar System LSTR 51.80 206,997 Lincoln Electric Hldgs LECO 42.80 102,042 lululemon athletica LULU 64.51 1,660,812 magicJack VocalTec CALL 16.86 98,577 Marlin Business Services MRLN 13.98 20,204 Mattel Inc MAT 29.75 1,242,234 Mattress Firm Holding MFRM 29.50 156,378 Mellanox Techs MLNX 37.50 1,367,073 Micromet MITI 10.95 59,131,336 MidWestOne Fincl Group MOFG 16.40 7,189 Monro Muffler Brake MNRO 42.45 65,278 Monster Beverage MNST 108.70 245,175 Novellus Systems NVLS 49.18 2,296,597 Old Dominion Freight Line ODFL 41.99 64,066 Omega Flex OFLX 15.49 1,740 On Assignment ASGN 12.19 82,100 Papa John's Intl PZZA 39.40 53,959 Parametric Tech PMTC 26.48 4,427,139 Peoples Bancorp (Ohio) PEBO 15.49 32,887 Pool POOL 34.93 93,098 PwrShrs QQQ Tr Series 1 QQQ 60.80 20,102,109 Primoris Services PRIM 16.34 93,436 ProShs Ult Nsdq Biotech BIB 85.46 4,656 Regeneron Pharmaceuticals REGN 83.41 391,554 Rent-A-Center RCII 38.32 310,102 Retail Opp Investment ROIC 11.99 311,992 Retalix RTLX 17.95 11,183 Rockville Fincl RCKB 11.00 9,962 Ross Stores ROST 52.71 1,120,670 Rush Enterprises A RUSHA 22.38 99,000 Ryanair Hldgs PLC (ADS) RYAAY 32.96 332,443 SMF Energy FUEL 3.65 142,142 Smith & Wesson Hldg SWHC 5.10 552,684 TGC Inds TGE 8.91 99,284 Tower Bancorp Inc TOBC 31.64 31,171 Tower Fincl TOFC 10.25 10,300 US Home Systems USHS 8.30 36,207 Ulta Salon Cosmetics ULTA 79.64 348,229 US Lime & Minerals USLM 63.55 11,062 VIST Fnl Cp VIST 11.50 133,471 Virginia Commerce Bancorp VCBI 8.71 23,567 Volterra Semiconductor VLTR 31.08 262,910 Westport Innovations WPRT 40.54 1,440,726 New Lows 10 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ B Communications BCOM 11.52 1,548 Frontier Communications FTR 4.47 15,935,260 Intrnt Gold-Golden Lines IGLD 9.90 600 Logitech Intl SA LOGI 7.10 1,175,833 Magellan Pete MPET 0.87 163,195 Marchex (Cl B) MCHX 4.17 1,046,357 Motricity MOTR 0.75 654,480 Orrstown Fincl Svcs Inc ORRF 7.60 27,439 ProShr Ul Sh QQQ SQQQ 15.13 1,546,543 ProShs UlShrt Nsdq Biot BIS 26.22 6,524Comments »
2011 Turns Out to Be the Worst Year in New Home Sales in Over 50 Years
Market Update
Comments »Natural gas prices experienced a brief spike higher in the minutes that immediately followed the latest weekly inventory report, which showed a draw of 192 bcf when a draw of 180 bcf had been widely expected, but prices have since turned lower to trade with a 1.8% loss at $2.72 per MMBtu.
Oil continues to display strength, however. The energy component was last quoted at $100.60 per barrel, which makes for a 1.2% gain.
Precious metals are also in positive territory, but silver has eased back from its morning high. Silver was last quoted at $33.35 per ounce, which makes for a 0.7% gain, but it was up almost as high as $33.80 per ounce earlier this morning. Meanwhile, gold continues to trade with a strong gain of about 1.4% at $1724 per ounce.
Today’s Top Industries
Morning Update
Comments »S&P futures vs fair value: +4.80. Nasdaq futures vs fair value: +7.50. Most commodities are up this morning, building on their prior session advance. Collective strength has the CRB Index up 0.9% this morning, and up 3.0% week-to-date. Crude oil prices are up 1.6% to $101 per barrel in the opening minutes of pit trade. However, natural gas prices are under pressure after staging three consecutive climbs. The energy component was last quoted with a 1.8% loss at $2.72 per MMBtu. Weekly natural gas inventory numbers are due at 10:30 AM ET. Both gold and silver are sporting strong gains. Specifically, gold prices have gained 1.6% to trade at $1727 per ounce, while silver sports a 1.4% gain at $33.59 per ounce.
U.S. Equity Preview: ETFC, LSI, MRH, ORI, NTFLX, & URI
Upgrades and Downgrades This Morning
Automatic Data Processing, Inc. (NYSE: ADP) Cut to Neutral at Citigroup; Cut to Market Perform at Wells Fargo.
Chesapeake Energy Corporation (NYSE: CHK) Cut to Underweight at JPMorgan.
The Charles Schwab Corporation (NYSE: SCHW) Cut to Neutral at JPMorgan.
Corning Inc. (NYSE: GLW) Cut to Underweight at Morgan Stanley.
E*TRADE Financial Corporation (NASDAQ: ETFC) Cut to Neutral at Goldman Sachs.
General Dynamics Corporation (NYSE: GD) Cut to Perform at Oppenheimer.
General Electric Co. (NYSE: GE) Reiterated Buy with $22 Target at Argus.
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) Started as Perform at Williams Capital.
Inergy Midstream, L.P. (NYSE: NRGM) Started as Outperform with $26 target at Credit Suisse.
Illinois Tool Works Inc. (NYSE: ITW) Raised to Buy at BofA/ML.
Lam Research Corporation (NASDAQ: LRCX) Maintained Outperform with $56 target price at Credit Suisse.
Life Technologies Corporation (NASDAQ: LIFE) Raised To Outperform From Market Perform By Leerink Swann
Netflix, Inc. (NASDAQ: NFLX) Raised to Buy at Citigroup; Maintained Outperform and raised target to $125 at Credit Suisse.
NVIDIA Corporation (NASDAQ: NVDA) Raised to Positive at Susquehanna.
Ryanair Holdings plc (NASDAQ: RYAAY) Cut to Neutral at Nomura.
Vale S.A. (NYSE: VALE) Cut to Hold at Deutsche Bank.
In Play and On the Wires
Initial Claims: Prior 352k, Market Expect 375k, Actual 377K…Durable Goods Orders: Prior 3.7%, Market Expects 2%, Actual 3%
Continuing 3.554 million
Comments »Global Markets Rise On The Fed’s Interest Rate Policy
Europe and Asia were called higher by the clam and his commentary on interest rates. Since the dollar is weak commodities rose over night leading the rally.
Comments »Global Markets Rally As if There is No Tomorrow; U.S. Futures Up Modestly
S&P 500 Sector Percentage of Stocks Above 50-Day Moving Average
Today’s Double Digit Winners
No. Ticker % Change
1 CTC 55.00
2 ILMN 46.19
3 ENMD 32.39
4 GENE 31.82
5 SYSW 30.30
6 XFN 29.27
7 TSON 25.66
8 NYNY 19.66
9 GNOM 19.20
10 NUVA 18.61
11 OPTT 18.00
12 LCC 17.32
13 FUEL 17.00
14 PACB 15.95
15 NFLX 14.98
16 TXT 14.62
17 FBN 14.57
18 GSS 13.37
19 NBG 13.17
20 CBPO 12.76
21 GBG 12.62
22 IDI 12.45
23 UXG 12.26
24 COOL 12.09
25 VALU 12.08
26 THM 11.83
27 TAYC 11.83
28 SQNS 11.30
29 USCR 11.29
30 CLR 11.11
31 MRTN 11.09
32 LGF 10.97
33 HOV 10.92
34 RGEN 10.83
35 AVL 10.73
36 GDP 10.69
37 ECA 10.61
38 EVC 10.49
39 SYUT 10.15
40 MDR 10.13
41 ICA 10.12
US Natural Gas ETF
UNG sets record daily trading vol. @ +52.8M as the ETF gains +7% on the day (UNG) 5.93 +0.39 :
Comments »The Clam Crushes the Bears; Markets Will Never Go Down Again
The markets were weak again this morning. Greek debt talks continue to drag on. The ECB does not want to take a haircut on their Greek Bond holdings. That caused the Euro to be weak and the dollar to be strong into the open.
Then the bearded clam comes out
and says were turning Japanese with low interest rates until at least late 2014.
The dollar goes negative, the Euro goes positive, and equities respond in kind with not just the paring of losses, but a rally to dance on the graves of the bears.
Bot some TZA, ($21.04,) for a trade into the am…even though the markets will never go down ever again. It’s illegal as per the clam and every central bank on the planet.
DOW up 81
NASDAQ up 31
S&P up 11
[youtube://http://www.youtube.com/watch?v=gEmJ-VWPDM4 450 300]
now for some real music….
[youtube://http://www.youtube.com/watch?v=j5AUm_xaE9A 450 300] Comments »3PM Update
Comments »Only an hour remains in today’s trade, so many market participants are preparing for the next round of earnings results. Following the close, E*TRADE (ETFC 9.35, -0.19), Netflix (NFLX 94.47, +1.80), and SanDisk (SNDK 51.80, +0.61) are expected to report. Tomorrow morning brings 3M (MMM 86.31, +0.38), AT&T (T 30.15, +0.06), Bristol-Meyers Squibb (BMY 32.66, +0.41), Caterpillar (CAT 108.65, +2.56), and Colgate-Palmolive (CL 89.19, +0.94).DJ30 +55.17 NASDAQ +25.06 SP500 +7.85 NASDAQ Adv/Vol/Dec 1500/1.38 bln/978 NYSE Adv/Vol/Dec 2050/503 mln/905
