-CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
BAC        4/21/12           9.0000        3981            0.1500      up 0.0000 
C          4/21/12          35.0000        3684            0.3100      up 0.0400 
NVDA       6/16/12          17.0000        3608            0.2000      dn 0.0400 
AAPL       4/21/12         610.0000        2920            4.2100      dn 4.7900 
AAPL       4/21/12         600.0000        2498            7.2000      dn 7.0000 
T          4/21/12          31.0000        1949            0.0600      dn 0.0200 
AAPL       4/21/12         620.0000        1821            2.3600      dn 2.7400 
INTC       4/21/12          28.0000        1722            0.7300      up 0.1300 
RENN       4/21/12           7.0000        1229            0.5000      dn 0.0500 
AAPL       4/21/12         615.0000        1192            2.9800      dn 3.8500 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
AAPL       4/21/12         600.0000        2570           20.0000     up 11.2000 
AAPL       4/21/12         590.0000        2297           13.3500      up 7.8800 
AAPL       4/21/12         575.0000        2246            7.7500      up 5.1600 
AAPL       4/21/12         570.0000        1913            6.1000      up 4.0500 
BIDU       4/21/12         145.0000        1826            1.4300      up 0.6500 
AAPL       4/21/12         585.0000        1541           10.6100      up 6.3100 
AAPL       4/21/12         580.0000        1429            9.6500      up 6.3000 
AAPL       4/21/12         595.0000        1418           16.6000      up 9.6000 
JPM        4/21/12          45.0000        1311            1.5000      dn 0.4500 
JPM        4/21/12          43.0000        1220            0.3400      dn 0.2900 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
320210    342342        662552

-CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
BBY        6/16/12          26.0000         504            0.2800      dn 0.0400 
BBY        6/16/12          23.0000         504            0.9700      dn 0.1000 
BAC        4/21/12           9.0000         237            0.1500      up 0.0000 
AAPL       4/21/12         600.0000         181            7.4000      dn 6.7700 
USB        4/21/12          32.0000         153            0.1900      dn 0.0600 
EP         4/21/12          30.0000         150            0.2200      dn 0.0300 
GLD        4/21/12         162.0000         148            0.7900      dn 0.1900 
AAPL       4/21/12         610.0000         133            4.1500      dn 4.7800 
AAPL       4/21/12         595.0000         104            9.5500      dn 7.9100 
C          4/21/12          34.0000         101            0.7400      up 0.1500 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
AAPL       4/21/12         590.0000         183           13.2900      up 7.9900 
AAPL       4/21/12         595.0000         148           19.1000     up 12.0600 
NFLX       5/19/12         100.0000         103            7.5900      up 0.7400 
NFLX       5/19/12          80.0000         102            1.5500      dn 0.2700 
AAPL       4/21/12         550.0000          99            2.1000      up 1.3100 
POT        4/21/12          45.0000          86            2.5900      up 0.3100 
GLD        4/21/12         158.0000          86            0.3600      dn 0.1400 
AAPL       4/21/12         535.0000          85            1.0000      up 0.4500 
AAPL       5/19/12         555.0000          79           18.7200      up 6.2200 
GLD        4/21/12         157.0000          78            0.2800      up 0.0200 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
20353    18944        39297

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3D heat map

S&P A/D Line

NASDAQ A/D Line 

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Gapping up 

CSIQ +8.6%, YGE +7.6%, BP +1.3%, TOT +1.3%, ANR +2.5%, FCX +1.9%,  CAT +1.8% , WDR+0.7%,

FTK +2.2%, C +0.5%, DRJ +14.9% , CSIQ +18.5%, YGE +7.6%, JASO +6.7%, LDK +5%, STP +3.3%, FSLR +1.1%,

SDRL +1.4%, BP +1.3%, TOT +1.3%, ECYT +110.5%,  LVLT +2.9%, TXN +1%, GTLS +0.3%,  VRNG +23%,

Gapping down 

NOK -2.5%, SAP -2.2%, SLW -2.1%, RBS -2%, STD -1.6%, MAT -6.2%,  PCO -33.2%, FUEL -67.9%, DANG -4.6%

LYG -4.2%, RBS -2.5%, ING -2.1%, RBS -2%, STD -1.6%, BBVA -1.5%, HAS -2.8%, SCG -2.2%, INFY -1.3%,  CHK -1%,

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Source

 

“Caterpillar Inc. (CAT US) gained 1.4 percent to $107.40. The world’s largest construction and mining-equipment maker was raised to buy from neutral at Bank of America Corp., which cited attractive valuation and solid fundamentals.

Comcast Corp. (CMCSA US): A 2003 consumers’ antitrust lawsuit against the cable-service operator is headed for trial after a federal judge in Philadelphia upheld some of the claims.

DuPont Co. (DD US): Five private equity firms have formed three teams to bid for DuPont’s car paint business, Reuters reported on April 13.

KKR & Co. (KKR US): The private-equity firm run by Henry Kravis and George Roberts may sell as many as 1.5 million shares, according to a filing with the Securities and Exchange Commission.

Level 3 Communications Inc. (LVLT US) increased 2.9 percent to $26. The broadband-services provider said it more than doubled the capacity of its content delivery network since late 2010.

Mattel Inc. (MAT US) fell 5.5 percent to $32.24. The maker of Barbie dolls reported first-quarter sales of $928.4 million, missing the average analyst estimate of $984.7 million.

Pendrell Corp. (PCO US) plunged 27 percent to $1.59. Boeing Co. (BA US) won reversal of a $604 million verdict to the intellectual property company formerly known as ICO Global Communications Holdings Ltd. over claims that the aerospace company breached a contract to build a satellite communications network.

Procter & Gamble Co. (PG US): The world’s largest consumer- products company lifted its quarterly dividend to 56.2 cents a share from 52.5 cents.

Texas Instruments Inc. (TXN US) rose 1 percent to $32.49. The world’s largest maker of analog semiconductors will replace First Solar Inc. (FSLR US) in the Nasdaq-100 Index before the start of trading on April 23, Nasdaq OMX Group Inc. said in a statement.

Vringo Inc. (VRNG US) surged 22 percent to $3.71. Mark Cuban, owner of the Dallas Mavericks, reported a 7.4 percent stake in the New York-based provider of video ringtones.”

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In Play

On the Wires

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Empire Manufacturing – Prior 20.2, Market Expects 17.5, Actual 6.56

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“The euro region’s trade surplus narrowed more than economists estimated in February as increased demand for imported goods outpaced exports.

The surplus shrank to a seasonally adjusted 3.7 billion euros ($4.8 billion) from a revised 5.3 billion euros in January, the European Union’s statistics office in Luxembourg said today. Economists had forecast a drop to 5 billion euros, the median of eight projections in a Bloomberg News survey showed. Imports increased 3.5 percent in the month, while exports were up 2.4 percent….”

Full report

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Asia

Europe

Futures

Currencies

Commodities

LIBOR, EURIBOR, 10 year yields for Italy, Spain, France, and Germany

 

 

Comments »

Comments »

In Play

On the Wires 

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Delinquencies continue to fall. This is certainly a good thing….source.

From JPMorgan’s quarterly slide presentation, the latest on consumer credit delinquencies.

 

Read more: http://www.businessinsider.com/the-state-of-consumer-credit-in-one-huge-slide-2012-4#ixzz1rv5twuCk

 

Comments »

A funny expression coined for Fear of Friday the 13th.

As a side bar, i am long with no real hedge and have to be out of the office today. Typically on days like this the market goes against me pretty bad.

Source

“Friggatriskaidekaphobia is the title to Nomura’s Americas Morning Comment this morning. That’s perfect.

 

The word, of course, means fear of Friday the 13th.

It’s perfect since today is Friday the 13th, and there’s all kinds of bad stuff going on.

• China’s GDP report registered a big miss.
• North Korea fired off a rocket last night.
• European markets are getting smashed.
• Italian industrial production fell 0.7%.
• UK PPI increased more than expected.
• US futures are down,
• Spanish CDS are at new highs.
• The Spanish stock market is getting creamed.”

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0.3% is enough to make the world worry, but not so much in Asia. Perhaps Europe and our futures will be a head fake.

Comments »

Asia

Europe

Futures

Currencies

Commodities

LIBOR, EURIBOR, 10 year yields for Italy, Spain, France, and Germany

 

Comments »

Asian boards

The story

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The markets got a lift from speculation that China will not have a hard landing as they report Q1 GDP tonight.

Of course we did reach a technical area, (1360 S&P,) where we could have a nice bounce from this years worse sell off of 4.4%. We are approaching the 50 day so there is question about follow through tomorrow; but why worry when the clam has your back.

DOW UP 180

NASDAQ UP 39

S&P UP 18

[youtube://http://www.youtube.com/watch?v=uwXjnVICb3I 450 300]

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Source

DOW up 161

NASDAQ up 38

S&P up 16

Gold up $16

WTI up $0.96

“12:30 pm : Stocks continue to drift near session highs with all three of the major averages holding gains of 1.1%.

Wabtec (WAB 76.00, +4.70) is trading up 6.6% after issuing upside guidance for the first quarter. The company projects earnings per share of $1.20 which is well above the Capital IQ Consensus Estimate of $1.03. Wabtec also boosted its guidance for fiscal year 2012, saying it now expected to earn $4.80 per share versus its previous estimate of $4.30. Strength in the global freight rail market, including demand for new freight cars and locomotives, was cited for the positive guidance.DJ30 147.09 NASDAQ +34.89 SP500 +15.23 NASDAQ Adv/Vol/Dec 1818/650.3 mln/604 NYSE Adv/Vol/Dec 2405/301.9 mln/589

12:00 pm : Stocks have slipped off their best levels, but all three of the major averages still hold gains of 1.0% or more. The Nasdaq continues to lead the advance, trading up 1.2%.

Tractor Supply (TSCO 98.00, +5.70) is trading up 6.2% after issuing upside guidance for the first quarter. The company projects earnings per share of $0.53-$0.55 which is well above the Capital IQ Consensus Estimate of $0.31 per share. The company also sees revenues of $1.02 billion which is better than the consensus of $937.0 million. Strong same store sales figures are credited for the boost in guidance as the early start to spring pulled sales forward and will provide an estimated benefit of $0.09 to $0.11 per share.  DJ30 +138.09 NASDAQ +36.10 SP500 +14.19 NASDAQ Adv/Vol/Dec 1796/575.7 mln/600 NYSE Adv/Vol/Dec 2377/271.1 mln/595

11:30 am : The major indices are trading at their best levels of the session with all three seeing gains in excess of 1.0%. The Nasdaq leads the advance with a gain of 1.3%, but the Dow and S&P lag just behind with 1.1% gains.

Gold miners are seeing a strong bid this morning as the precious metal trades up 0.8% at $1674.50 per ounce. Today’s buying comes on renewed prospects of more quantitative easing following this morning’s weaker than expected claims data. Barrick Gold (ABX 42.13, +1.09) andNewmont Mining (NEM 49.14, +1.14) are among the top performers in the space. DJ30 +144.18 NASDAQ +37.81 SP500 +14.58 NASDAQ Adv/Vol/Dec 1811/503.6 mln/564 NYSE Adv/Vol/Dec 2393/239.1 mln/567

11:00 am : All three of the major market averages hold gains in excess of 1.0% despite today’s disappointing initial claims data.

Avid Technology (AVID 8.79, -1.49) is down 14.5% after issuing downside guidance for first quarter revenues. The company is now calling for revenues of $152 million ($161.1 million Capital IQ Consensus Estimate), saying the shortfall is due to weaker demand in the creative enthusiast portion of its business. That number would represent a 30% decline in revenues on a year over year basis.   DJ30 +120.41 NASDAQ +33.31 SP500 +13.05 NASDAQ Adv/Vol/Dec 1726/401.0 mln/606 NYSE Adv/Vol/Dec 2303/200.0 mln/617

10:35 am : Crude oil and precious metals surged in recent trade as the dollar index extends losses to a new session low. However, the dollar index was declining at just a modest rate.

In the energy space, ahead of the sharp rally a short while ago, May crude oil was barely in the red before surging into positive territory. Since surging earlier, crude continues to hit new session highs. Most recently, crude ran as high as $103.88/barrel and is now +1.1% at $103.83.

May natural gas has been in positive territory all session, excluding a couple of brief moments where the energy component dipped into the red. Following inventory data, which showed a build of 8 bcf vs consensus of a build of 20 bcf, nat gas spiked to a new session high of $2.07 and is now +2.9% at $2.04/MMbtu.

In metals, Apr gold and May silver surged sharply along with crude and are both just extended gains to new session highs again a few minutes ago. Gold ran as high as $1674.90/oz, while silver hit a new session high of $32.26. Currently, gold is +0.8% at $1673.90 and silver is +2.4% at $32.27/oz.DJ30 75.23 NASDAQ 20.69 SP500 8.08 NASDAQ Adv/Vol/Dec 1462/286 mln/811 NYSE Adv/Vol/Dec 1967/154 mln/858

10:00 am : The major averages hold near session highs with all three trading up 0.7%.

Shares of Google (GOOG 642.38, +6.42) trade up 1.0% as traders bid the stock up ahead of the company’s earnings which are due out after the close. The Capital IQ Consensus Estimate is calling for earnings of $9.64 per share and revenues of $10.58 bln.DJ30 +78.37 NASDAQ +19.78 SP500 +8.55 NASDAQ Adv/Vol/Dec 1487/162.7 mln/688 NYSE Adv/Vol/Dec 2062/103.0 mln/698

09:45 am : The major market averages all hold gains of close to 0.4% in the opening minutes of trade. The stronger bias comes despite this morning’s disappointing initial claims data. Materials (+1.0%), industrials (+0.8%), and telecom (+0.6%) are the top performers while consumer staples (-0.3%) and utilities (-0.3%) lag.  DJ30 +44.43 NASDAQ +14.94 SP500 +5.05 NASDAQ Vol 93.1 mln NYSE Vol 70.2 mln”

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NYSE

New Highs 17 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Annie's Inc.                  BNNY        40.50              115,062 
BRT Realty Trust              BRT         7.26                   401 
BlkRk MuniYld Inv             MYF         16.39               12,556 
Bluegreen Corp                BXG         4.89                 3,934 
Church & Dwight               CHD         50.00               47,612 
Copa Hldgs Cl A               CPA         82.67               11,608 
Cytec Indus                   CYT         64.90              273,235 
Embraer ADS                   ERJ         34.92              100,789 
FX Alliance                   FX          16.24                1,940 
Grupo Aero Sureste ads        ASR         73.73                3,828 
KKR Finl 7.5% Notes 2042      KFI         25.33                8,858 
Las Vegas Sands               LVS         61.61            1,702,273 
McKesson Corp                 MCK         92.69            1,709,655 
Rexnord Corp                  RXN         22.57                3,000 
Sherwin-Williams              SHW         115.29              79,187 
Taro Pharmaceutical Indus     TARO        49.90                9,232 
Wstrn Asset Worldwide Inc     SBW         14.73               10,258 

New Lows 9 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
Cenveo                        CVO         2.63                54,154 
DelhaizeGrp                   DEG         48.19                7,133 
France Telecom                FTE         13.55              326,614 
GasLog Ltd                    GLOG        10.70                7,750 
Natl Fuel Gas                 NFG         44.18               15,171 
Newfield Exploration          NFX         32.25              115,019 
Nokia                         NOK         4.08            11,368,750 
Oi SA ADS Ord                 OIBR/C      5.73                 9,440 
Quicksilver Resources         KWK         4.12               320,996

NASDAQ

New Highs 16 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Auburn National               AUBN        22.50                  600 
BioClinica                    BIOC        6.16                   400 
Citizens Republic Bancorp     CRBC        16.19               12,295 
Consumer Ptf Services         CPSS        2.24                39,198 
Fresh Market                  TFM         50.98               62,383 
HealthStream                  HSTM        24.34                8,468 
Hingham Institution Savs      HIFS        58.00                1,200 
IntegraMed America            INMD        13.19                6,850 
Medtox Scientific             MTOX        19.81               13,690 
Nathan's Famous               NATH        22.31                  964 
Pozen                         POZN        7.00                83,088 
Starbucks                     SBUX        59.98            1,253,045 
Taylor Devices                TAYD        11.85                5,691 
Tractor Supply Co             TSCO        95.20              571,542 
Ubiquiti Networks             UBNT        34.60               59,791 
VeriSign                      VRSN        39.74              105,104 

New Lows 5 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
CafePress                     PRSS        17.08                2,925 
Double Eagle Petroleum        DBLE        5.32                 1,450 
Education Management          EDMC        13.06               14,901 
Primo Water                   PRMW        1.55                43,919 
Swisher Hygiene               SWSH        1.85               241,628

Comments »

3D heat map

S&P A/D Line 

NASDAQ A/D Line 

Comments »

 -CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
ILMN       4/21/12          55.0000        2722            0.5000      dn 0.3600 
BAC        4/21/12           9.0000        2361            0.3000      up 0.0600 
AIG        4/13/12          33.0000        2052            0.2000      up 0.1100 
AAPL       4/13/12         630.0000        1989            4.1500      up 0.1500 
FCX        5/19/12          34.0000        1786            4.0000      up 1.0900 
AIG        4/21/12          33.0000        1574            0.5000      up 0.2100 
X          5/19/12          25.0000        1541            4.0000      up 0.8000 
VOD        10/20/12         28.0000        1487            0.7500      dn 0.0500 
AAPL       4/13/12         640.0000        1481            1.0300      dn 0.2200 
AAPL       4/13/12         625.0000        1440            6.8500      up 0.3500 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
FCX        5/19/12          34.0000       10391            0.7700      dn 0.2900 
FCX        4/21/12          38.0000       10113            1.4100      dn 1.0600 
INFY       4/21/12          52.5000        2531            0.5000      dn 0.2000 
FSLR       4/13/12          21.0000        1893            0.3200      up 0.1200 
AAPL       4/13/12         620.0000        1422            2.3500      dn 0.9700 
GLD        5/19/12         160.0000        1390            2.5200      dn 0.6700 
AAPL       4/13/12         625.0000        1347            3.8500      dn 1.3500 
BMY        4/21/12          33.0000        1150            0.7100      up 0.0900 
NOK        7/21/12           4.0000        1083            0.5700      up 0.1000 
CSCO       4/13/12          20.0000        1000            0.0900      dn 0.0600 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
255099    268268        523367

-CALLS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
VZ         7/21/12          39.0000         525            0.5000      dn 0.0200 
VZ         10/20/12         39.0000         525            0.8400      dn 0.0400 
VZ         10/20/12         38.0000         520            1.2400      dn 0.0400 
VZ         7/21/12          38.0000         520            0.8800      up 0.0000 
FCX        5/19/12          37.0000         305            1.9800      up 0.7000 
MSFT       4/21/12          30.0000         293            0.8300      up 0.0600 
HPQ        8/18/12          26.0000         199            1.0500      up 0.4500 
HPQ        8/18/12          30.0000         199            0.2000      up 0.0900 
C          5/19/12          37.0000         169            0.4000      dn 0.0300 
AAPL       4/13/12         630.0000         154            3.6000      dn 0.3000 

 -PUTS- 
OPTION    EXP.DATE       STRIKE PRC.     VOLUME        LAST S/PRC.    NET CHANGE 
SWN        4/21/12          36.0000         179            7.5500      up 0.4500 
HPQ        8/18/12          25.0000         128            2.0400      dn 0.6000 
AAPL       4/13/12         625.0000         119            3.8500      dn 1.5900 
LVS        4/21/12          60.0000         115            0.7000      dn 0.4600 
C          4/13/12          33.0000         109            0.1600      dn 0.1400 
GOOG       4/13/12         600.0000         100            3.7100      dn 2.6100 
SD         4/21/12           8.0000          99            0.7500      dn 0.1200 
SWN        4/21/12          37.0000          98            8.5000      up 0.2000 
AAPL       4/21/12         625.0000          94           11.7800      dn 1.1700 
JPM        4/13/12          43.0000          91            0.2100      dn 0.2000 

 -VOLUME- 
 CALLS      PUTS           TOTAL 
20230    19653        39883

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