A great comeback for the markets today. Down as much as 200 on the day with the DOW closing down a mere 76 pirnts (sic.)
NASDAQ down 11
S&P down 6
Oil down $0.50
Gold down $32ish
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Market Update
Markets are trying desperately to pare losses. While off the lows of the day the S&P remains below 1360; which some traders say is a crucial level to have hope for upside. 1354 is a support level with 1345 below that.
Oil has pare half its losses while gold is getting smashed. Gold bugs are targeting $1,581 as a good place to buy.
Comments »Europe Closes on the Lows
These 50 Stocks Are Receiving a Severe ‘FACEPUNCH’
52 Week Highs and Lows
NYSE
New Highs 18 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ BlackRock NY Municipal Tr BNY 16.54 951 Church & Dwight CHD 52.49 51,772 Everest Re RE 101.45 14,485 Fedl Ag Mtge Corp Cl B AGM 25.60 3,800 First Republic Bk Pfd A FRCpA 26.53 1,847 Hercules Tech Nts 2019 HTGZ 25.25 1,500 Invesco VK PAValMun VPV 15.19 4,407 NV Engy NVE 17.38 1,230,755 National Grid NGG 54.52 20,377 Nuveen NJ Premium Income NNJ 15.98 8,753 PionrMuniAdv Tr MAV 15.55 6,161 Post Properties PPS 49.56 38,522 Prudentl Sh Dur Hi Yd Fd ISD 20.14 6,230 Putnam Muni Opportunities PMO 12.90 3,440 TX Pacific Land Tr TPL 61.51 3,741 Textainer Group Hldg TGH 36.20 13,797 TransDigm Group TDG 132.69 71,868 Vitamin Shoppe VSI 50.64 292,604 New Lows 43 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ ASA Gold & Prec Metals ASA 22.36 14,460 Alumina ADS AWC 4.02 88,554 Barrick Gold ABX 36.69 1,268,887 Best Buy BBY 20.09 402,773 CARBO Ceramics CRR 80.43 10,004 Checkpoint Sys CKP 8.40 23,611 Christopher & Banks CBK 1.65 23,755 Coeur D'Alene CDE 18.33 226,229 Dolan DM 6.49 18,878 Ducommun DCO 9.83 14,300 Edgen Group Cl A EDG 8.16 3,230 EldoradoGold EGO 12.26 620,678 Enerplus ERF 17.10 216,977 GFI Group GFIG 2.98 24,579 Genco Shipping Trading GNK 4.03 72,318 Goldcorp GG 34.75 786,967 Hecla Mining HL 3.82 623,740 Hill Intl HIL 3.10 11,941 IamGold IAG 10.76 300,177 Ivanhoe Mines IVN 9.90 441,737 Jaguar Mining JAG 2.17 58,580 Kinross Gold KGC 8.01 919,791 Memc Elec Materials WFR 3.26 313,333 Mechel OAO MTL 7.26 195,980 Moneygram Intl Inc MGI 15.23 1,925 Newmont Mining NEM 44.50 1,047,627 No Amer Engy Ptnrs NOA 3.54 8,080 Nuveen Glbl Val Opp Fd JGV 15.04 8,028 Pacific Coast Oil Trust ROYT 19.55 45,900 Panasonic Cp PC 7.11 40,625 Petrobras Argentina ADS PZE 10.41 6,863 Phillips 66 PSX 28.75 1,311,914 Pitney Bowes PBI 15.11 1,231,938 RadioShack RSH 4.91 195,431 Resolute Energy wt REN/WS 0.87 5,200 Seabridge Gold SA 14.59 72,868 Sony Corp ADS SNE 15.04 117,113 STMicroelec STM 5.33 266,341 Telecom Argentina TEO 13.11 28,449 Thompson Creek Metals TC 4.30 1,780,251 Vale Cap II 6.75% CJS 56.70 5,780 Vanguard Health Systems VHS 8.45 11,210 Xerium Tech XRM 4.14 3,750
NASDAQ
New Highs 21 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Ada-es ADES 28.99 22,090 Amer Cap Agency Pfd A AGNCP 25.60 470 Arena Pharmaceuticals ARNA 3.49 12,079,411 Aware AWRE 7.50 50,824 BofI Hldg BOFI 18.94 2,950 CaesarStone SdotYam CSTE 13.88 73,950 Carmike Cinemas CKEC 15.41 86,724 Carrols Restaurant Group TAST 5.28 60,879 China Growth Eqty Inv Wt CGEIW 0.60 2,100 Churchill Downs CHDN 61.47 13,676 CommVault Systems CVLT 55.49 273,055 Homeownrs Choice HCII 15.48 6,737 Kingold Jewelry KGJI 2.84 550,998 MidWestOne Fincl Group MOFG 22.20 5,525 MutualFirst Fincl MFSF 11.42 8,691 NASB Fincl NASB 18.46 600 PDI PDII 8.87 700 PhotoMedex PHMD 17.25 10,255 Reading Intl A RDI 5.42 1,024 Span-America Medical Sys SPAN 18.00 3,019 Vertex Pharm VRTX 61.73 2,999,816 New Lows 42 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ APCO Oil and Gas APAGF 28.88 100 Amyris AMRS 2.30 39,961 Atmel ATML 7.23 602,821 Blue Nile NILE 27.69 26,445 Carbonite CARB 7.03 9,067 China Valves Technology CVVT 1.76 53,170 Compressco Partners GSJK 12.17 1,100 Cypress Semi CY 13.50 411,591 Daktronics DAKT 7.70 740 RR Donnelley RRD 11.01 266,369 Electronic Arts EA 14.25 2,502,265 Ezcorp (Cl A) EZPW 25.18 8,910 Fiesta Restaurant Group FRGI 10.95 21,343 Flir Systems FLIR 21.32 42,449 GT Advanced Technologies GTAT 6.18 88,635 Home Inns & Hotels Mngmt HMIN 22.00 85,068 iRobot IRBT 21.51 36,220 iSh MSCI Emg Mkts Value EVAL 48.40 100 James River Coal Co JRCC 3.87 117,262 Knightsbridge Tankers VLCCF 11.66 10,116 Lincoln Educational Svcs LINC 6.30 9,452 ManTech Intl (Cl A) MANT 24.43 75,845 Merge Healthcare MRGE 2.73 548,984 Oclaro Inc OCLR 2.51 33,503 Peerless Manufacturing Co PMFG 11.94 4,908 Pan American Silver PAAS 16.81 196,371 Planar Systems PLNR 1.69 24,608 Polycom PLCM 12.01 94,154 PwrShs Gbl Gld & Prec Mtl PSAU 33.90 100 Quality Systems QSII 32.38 141,762 QuinStreet QNST 7.91 10,108 Research in Motion RIMM 11.67 2,280,314 Rimage RIMG 8.58 500 STEC STEC 7.90 35,163 ShoreTel SHOR 4.20 26,348 Sify Techs (ADS) SIFY 2.58 19,179 Synchronoss Techs SNCR 20.74 601,890 Tecumseh Products A TECUA 3.22 29,387 Telestone Techs TSTC 2.76 1,406 Tellabs TLAB 3.63 110,085 Global Investors GROW 5.66 10,050 Wet Seal (Cl A) WTSLA 2.94 182,726Comments »
Today’s Heat Map and A/D Lines
Most Active Options Trades
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE ARNA 5/19/12 4.0000 4343 0.8400 up 0.2500 BAC 5/11/12 8.0000 2414 0.0800 dn 0.0400 SPY 5/19/12 135.0000 1832 2.4400 dn 0.6200 SPY 5/19/12 139.0000 1734 0.4900 dn 0.2700 SPY 5/19/12 140.0000 1639 0.2900 dn 0.1500 SPY 5/11/12 137.0000 1631 0.6200 dn 0.4300 ARNA 7/21/12 7.0000 1576 0.4800 up 0.1200 SPY 5/11/12 136.0000 1518 1.1700 dn 0.5300 SPY 5/19/12 138.0000 1497 0.8400 dn 0.3200 SPY 5/19/12 137.0000 1443 1.2400 dn 0.4600 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE SPY 5/19/12 136.0000 5443 1.5200 up 0.3100 SPY 5/19/12 137.0000 5382 2.0000 up 0.4100 ARNA 5/19/12 4.0000 4310 1.6400 dn 0.2500 SPY 5/11/12 133.0000 3520 0.2100 up 0.0500 SPY 5/19/12 139.0000 2615 3.2700 up 0.6100 SPY 6/16/12 138.0000 2581 4.3200 up 0.5800 SPY 5/11/12 136.0000 2571 0.8800 up 0.2500 SPY 5/11/12 134.0000 2274 0.3700 up 0.1400 MAKO 11/17/12 30.0000 2037 6.9000 up 4.1500 SPY 6/16/12 135.0000 1654 2.9000 up 0.3900 -VOLUME- CALLS PUTS TOTAL 270189 255910 526099
-CALLS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE ARNA 7/21/12 7.0000 491 0.4500 up 0.0900 ARNA 5/19/12 4.5000 392 0.6800 up 0.3000 GLD 5/19/12 158.0000 373 0.8700 dn 1.3000 AMZN 5/19/12 205.0000 315 19.1000 dn 1.7900 X 5/11/12 31.0000 200 0.0200 dn 0.0300 GM 5/11/12 25.0000 200 0.0100 dn 0.0100 HPQ 6/16/12 24.0000 146 0.7000 dn 0.2100 HPQ 5/19/12 24.0000 146 0.2300 dn 0.1800 EA 5/19/12 15.0000 142 0.2200 dn 0.6500 DNDN 5/19/12 14.0000 126 0.0900 dn 0.4200 -PUTS- OPTION EXP.DATE STRIKE PRC. VOLUME LAST S/PRC. NET CHANGE EA 5/19/12 13.0000 349 0.1200 dn 0.0400 X 5/11/12 22.0000 200 0.0200 dn 0.0200 GM 5/11/12 19.0000 200 0.0100 dn 0.0200 ARNA 5/19/12 1.5000 173 0.2200 dn 0.0700 DNDN 5/11/12 9.0000 138 0.3300 up 0.0100 ARNA 5/19/12 3.0000 132 0.9800 dn 0.2100 AAPL 5/11/12 530.0000 128 0.3900 up 0.1900 AAPL 5/11/12 535.0000 127 0.5100 up 0.0500 PCX 6/16/12 4.0000 123 0.1200 dn 0.0700 X 6/16/12 28.0000 104 2.6000 up 0.1900 -VOLUME- CALLS PUTS TOTAL 20165 33219 53384Comments »
Gapping Up and Down This Morning
Gapping up
NLS +9.9%, CHDN +5.5%, IVR +3.5%, SNHY +2.7%, ULTA +2.3%, AIG +1.1%, GNRC +16.3%, GTXI +9%,
HBC +1%, PT +4.1%, TEF +2.8%, TI +2.3%, CTSH +1.2%, CCL +1%,
Gapping down
MAKO -25.1%, SNCR -18%, RAX -11.7%, DNDN -10.2%, KKD -6.3%, CLMT -6.2%, WWWW -4.7%,
CLNE -4.4%, PMT -3.3%, MT -3%, SBH -2.3%, RDS.A -2%, BP -1.9%, WYNN -1.5%, VVUS -1.2%,
ATVI -1.1%, EA -0.8%, FOSL -23.7%, MCD -2.6%, PCX -1.9%, ING -3.3%, DB -2.3%, CS -1.6%,
BHP -1.9%, RIO -1.4%, SLV -1.4%, GFI -1.4%, GLD -0.7%, SO -3.9%, TOT -2.2%, SDRL -1.5%, E -0.5%,
KKD -6.3% , CLMT -6.2%, KORS -4.8% , ATVI -1.1%, SYNC -7.3%
Comments »FLASH: U.S. Futures Double Down on Losses Suddenly
No news as to why. Europe seems to be recovering on bailout news and that one of Spain’s worst banks would be nationalized…developing
Comments »Dividend Stocks Get Sold as Taxes are Expected to Rise
Asia Bounces, Europe Falls, and U.S. Futures are Weak
March Consumer Credit: Prior $8.7 Billion, Market Expects $11 Billion, Actual Expansion of $21.4 Billion
Market Update: America Decouples
The markets could have ripped tits off investors today given the uncertainty in Europe. Italy and Spain managed to buck the downtrend in Europe. Even France had a good day despite Sarkozy losing in the presidential election.
Today’s market action has all the makings of full decoupling from Europe. The only thing that could hold us back is a derivative bubble bursting or perhaps a bank failure in Europe. For now it seems like it is safe to play in the markets of Eden.
DOW down 6.6, NASDAQ up 9.4, S&P up 3.2
Comments »FLASH: MATTRESS STOCKS ARE BEING TROUNCED ON TODAY $TPX, $MFRM, $SCSS
WAKE UP AMERICA: Spain and Italy Closed Up Nearly 3% Today
Today’s Early Losers, So Far
These Grandpa Stocks are Moving Higher This Morning
Today’s Biggest Winners, So Far
European Markets Are in Full Rally Mode
FLASH: THE SPANISH STOCK MARKET IS SOARING
+1.4% as we speak. Full reversal is underway in Europe. Gains are to be had.
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