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09
Jan
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Monday, January 12, 2009
8:30am Earnings Before the Open: INFY, WGNR.
10:00am Treasury’s TAF auction
12:40pm Fed’s Lockhart speaks on US economic outlook in Atlanta.
Deutsche Bank Global Markets Outlook Conference.
JP Morgan Healthcare Conference.
4:00pm: Earnings After the Close: ADTN, AA.
Tuesday, January 13, 2009
8:00am Fed Chairman Bernanke speaks at London School of Economics.
8:00am November Trade Balance (last -$57.2B)
8:30am Earnings Before the Open: MITK, IIIN.
10:00am January IBD/TIPP Economic Optimism (last 45.0)
Treasury’s TAF results
Credit Suisse Homebuilding Conference. ICSC/UBSW Chain Store Sales (7:45, last %).
Redbook Retail Sales (8:55, last %).
ABC Consumer Confidence (last -49).
HRB Investor Conference Webcast.
2:00pm December Monthly Budget Statement (last $48.3B)
4:00pm Earnings After the Close: EXFO, LLTC.
5:00pm Fed’s Lacker speaks on economic outlook in South Carolina.
Wednesday, January 14, 2009
8:30am Earnings Before the Open: CRRC, NITE, LCRY.
8:30am Fed’s Plosser discusses economic outlook in Newark, Delaware.
8:30am December Import Price Index (last m/m -6.7%, y/y -4.4%)
8:30am December Advanced Retail Sales (last -1.8%, ex auto -1.6%)
10:00am November Business Inventories (last -0.6%)
10:35am Crude Oil/Gasoline/Distillate Inventories
Goldman Sachs Energy Conference.
MBA Mortgage Applications (7:00, last -8.2%).
1:00pm Fed’s Stern speaks on policy in Cedar Rapids, Iowa.
2:00pm Fed’s Beige Book
4:00pm Earnings After the Close: CLC, XLNX.
Thursday, January 15, 2009
7:45am ECB rate decision
8:30am Earnings Before the Open: APH, ASML, BLK, BGG, CRAI, MI.
8:30am December PPI (last m/m -2.2%, y/y 0.4%, ex food & energy last m/m 0.1%, y/y 4.2%), Initial Jobless Claims (last 467K), Continuing Claims (last 4.611M), January Empire Manufacturing (last -25.76)
10:00am January Philadelphia Fed (last -36.1)
10:00am Fed Nominee Tarullo testifies at Senate confirmation hearing.
10:35am Natural Gas Inventories
Fed’s Yellen speaks on US economic outlook in San Francisco (time to be annouced).
BNP Leveraged Finance Conference.
1:40pm Fed’s Evans speaks to bankers in Madison, WI.
1:40pm Fed’s Lockhart speaks on US economic outlook in Mississippi.
4:00pm Earnings After the Close: AEPI, DNA, INTC, LCRD, SHFL, SWKS, ZZ.
Friday, January 16, 2009
8:30am Earnings Before the Open: FHN, LAB, PPG, SCHW.
8:30am December CPI (last m/m -1.7%, y/y 1.1%; ex food & energy last m/m 0.0%, y/y 2.0%)
9:00am November Net Long-Term TIC Flows (last $1.5B), November Total Net TIC Flows (last $286.3B)
9:15am December Industrial Production (last -0.6%), December Capacity Utilization (last 75.4%)
9:55am January Preliminary U. of Michigan Confidence (last 60.1)
12:15pm Fed’s Lacker speaks on US economic outlook in Richmond.
4:00pm Earnings After the Close: None seen.
thanks for all the posts…i have enjoyed the site immensly…only wish you had more time to enjoy it too.
there’s the extended drop. i had a feeling this drop would continue a bit lower…
January 12th, 2009 at 9:46 am
there should be a bounce around this 879-880 area…i have a fib retrace there.
hmmm….intraday commentary here perhaps?
The S&P traded into a tight trading range and it was unable to breakout in any main direction. There where several negatives for the bulls since prices traded into the close near the 50dma and there are several bearish key reversals in multiple timeframes that occurred on Friday.
Today:
Bulls: Prices need to strengthen here at the 50dma and begin its advance with some momentum. There are several negatives that are playing out that could make this less likely. Prices could break below the 50dma and trade into the 850 area and still be in a uptrend, but prices must hold that for the bulls and would be a negative if broken.
Bears: Prices sold off into the 50dma and a break there will be a negative for the marketplace. We are seeing some key reversals in multiple timeframes and since prices went through a corrective move or retracement the bears need to watch for strength to set in and careful near the important 850 range. A break of the 850 range would be a positive thing for the bears.
We could see a move into the 850 range as prices continue the corrective move and of course the 50dma should play and an important confirmation. It also appears that the financial sector should experience some weakness and could create some market weakness.
Support / Resistance:
918-920 2nd resistance
900-902 1st resistance
880-882 1st support
850-852 2nd support
Traders need to watch the 850 range for a potential bounce and it may not have the momentum to sustain a rally. It does appear that prices have lacked the upside momentum that you would need or expect in a healthy up trend. We are getting closer to confirming that fact and we could see prices resume the primary trend soon.
Gannfann
Hey Folks, where are the regulars? We are expecting a bounce today/tomorrow. A higher likelihood of a bounce tomorrow. As of now, we believe this correction is close to being done. Our “index to watch” is the $RUT. Nothing suggests anything this is anything other than a normal pullback, as of now.
January 12th, 2009 at 10:36 am
The volume on the downside has been terrible., these past few days too.
January 12th, 2009 at 10:44 am
Looking at GM, looking quite bullish.
hey guys check this site out – he gives a pretty good comprehensive end of day analysis for all the major indicies, if you have the time to watch the videos:
http://thechartpatterntrader.blogspot.com/