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Thursday 10.29.2009
All that matters is 3.2% or greater for the shorts squirm. Expect volatility in the first
GDP number. The street is conscious that half hour; the second move may be a smoother
unemployment may be rising, yet a less than ride.
stellar number will reinforce that the market is
far ahead of itself; consequently, the long
awaiting correction might come fast and
furious. A greater number might make the
PRISM CALL
GDP to the upside. Market has been down 4 days in a row, I think its time to buy this market.
Buy strong stocks on dips, look at stocks that have been weak lately. Commodity stocks and
financial should all be in play.
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FOREIGN MARKETS
NEWS
MARKET PRICE %
German unemployment dips
FTSE 5105.23 24.81 0.49 again in October -
Reuters.com
DAX 5556.9 60.63 1.1
STOCKS DOWNGRADED
BROKERAGE
COMPANY RATINGS CHANGE PRICE TARGET
FIRM
Goodyear (GT) BofA Buy >> Underpeform 13.46
First Solar (FSLR) BofA Overweight >>
151.58 180 >> 135
Neutral
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EARNINGS
CLI Mack-Cali Realty beats by $0.05, beats on revs; guides FY09 FFO above consensus; guides FY10 FFO in-
line (30.27)
REV Revlon beats single est by $0.61, beats single est on revs (5.75
PPL PPL Corp beats by $0.07; reaffirms FY09 EPS guidance; reaffirms FY10 EPS guidance (29.48 )
WM Waste Mgt reports Q3 EPS of $0.54 vs $0.53 consensus; revs declined 14% YoY to $3.0 bln vs. $3.0 bln
consensus (30.62 )
AN AutoNation beats by $0.01, misses on revs; announces $250 mln buyback (18.09 )
WMB Williams Cos beats by $0.06; guides FY09 EPS above consensus (18.25 )
WEC Wisconsin Energy misses by $0.02, misses on revs; guides FY09 EPS in-line (44.02 )
CL Colgate-Palmolive beats by $0.01, beats on revs; expresses comfort with Q4 and FY09 external
expectations (77.68 )
MCO Moody's beats by $0.05, beats on revs; guides FY09 EPS above consensus, expects FY09 revenue flat vs
FY08 (24.62 )
PG Procter & Gamble beats by $0.07, reports revs in-line; guides Q2 EPS in-line; guides FY10 EPS in-line
(57.23 )
AEP American Electric beats by $0.08, misses on revs; guides FY09 EPS above consensus (29.66 )
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TECHNICAL ANALYSIS
Symbol S7 S6 S5 S4 S3 S2 S1 PIVOT R1 R2 R3 R4 R5 R6 R7
Sectors
SPX 1007.22 1015.27 1020.24 1028.29 1036.34 1038.83 1041.30 1049.36 1057.42 1059.90 1062.38 1070.43 1078.48 1083.45 1091.50
INDU 9519.05 9574.19 9608.25 9663.39 9718.53 9735.56 9752.52 9807.73 9862.94 9879.90 9896.93 9952.07 10007.21 10041.27 10096.41
NDX 1612.80 1628.26 1637.81 1653.27 1668.73 1673.51 1678.26 1693.74 1709.22 1713.98 1718.75 1734.21 1749.67 1759.22 1774.68
XBD 106.02 107.41 108.27 109.65 111.04 111.47 111.89 113.28 114.67 115.10 115.53 116.91 118.30 119.16 120.54
BKX 40.07 40.65 41.02 41.61 42.19 42.38 42.56 43.15 43.74 43.92 44.10 44.69 45.27 45.64 46.23
TRAN 3427.58 3475.53 3505.15 3553.10 3601.05 3615.86 3630.61 3678.62 3726.63 3741.38 3756.19 3804.14 3852.09 3881.71 3929.66
OIX 636.58 644.50 649.39 657.32 665.24 667.69 670.12 678.06 685.99 688.43 690.87 698.80 706.72 711.61 719.54
OSX 175.26 178.60 180.66 184.01 187.35 188.38 189.41 192.76 196.10 197.13 198.16 201.51 204.85 206.91 210.26
XNG 463.88 471.21 475.73 483.06 490.39 492.65 494.90 502.24 509.58 511.83 514.09 521.42 528.75 533.27 540.60
CYC 648.47 662.53 671.21 685.27 699.33 703.67 707.99 722.07 736.15 740.47 744.81 758.87 772.93 781.61 795.67
UTY 376.35 378.57 379.95 382.17 384.39 385.08 385.76 387.99 390.22 390.90 391.59 393.81 396.03 397.41 399.63
DRG 283.53 284.81 285.61 286.89 288.17 288.57 288.96 290.25 291.54 291.93 292.33 293.61 294.89 295.69 296.97
RLX 362.22 366.58 369.27 373.64 378.00 379.35 380.69 385.06 389.42 390.77 392.11 396.48 400.84 403.53 407.90
Tradeables
SPY 100.82 101.64 102.14 102.95 103.76 104.02 104.27 105.08 105.89 106.14 106.39 107.21 108.02 108.52 109.34
DIA 95.22 95.78 96.12 96.67 97.23 97.40 97.57 98.12 98.68 98.85 99.02 99.57 100.13 100.47 101.02
QQQQ 39.63 40.02 40.26 40.65 41.04 41.16 41.28 41.67 42.06 42.18 42.30 42.69 43.08 43.32 43.71
QLD 44.61 45.53 46.10 47.03 47.95 48.24 48.52 49.45 50.37 50.66 50.94 51.87 52.79 53.36 54.29
IWM 52.99 53.83 54.35 55.20 56.04 56.30 56.56 57.41 58.25 58.51 58.77 59.62 60.46 60.98 61.83
OIH 109.80 111.70 112.87 114.77 116.67 117.26 117.84 119.74 121.64 122.23 122.81 124.71 126.61 127.78 129.68
XLE 52.95 53.62 54.03 54.69 55.36 55.56 55.77 56.43 57.10 57.30 57.51 58.17 58.84 59.25 59.91
FAZ 18.42 19.17 19.64 20.40 21.15 21.39 21.62 22.38 23.13 23.37 23.60 24.36 25.11 25.58 26.34
FAS 57.24 59.98 61.68 64.42 67.16 68.01 68.85 71.60 74.35 75.19 76.04 78.78 81.52 83.22 85.96
SRS 8.45 8.85 9.10 9.50 9.90 10.03 10.15 10.55 10.95 11.08 11.20 11.60 12.00 12.25 12.65
SDS 37.30 37.91 38.29 38.89 39.50 39.69 39.88 40.48 41.09 41.28 41.47 42.07 42.68 43.06 43.66
USO 37.72 38.12 38.36 38.75 39.15 39.27 39.39 39.78 40.18 40.30 40.42 40.81 41.21 41.45 41.84
SKF 23.33 23.94 24.32 24.93 25.54 25.73 25.92 26.53 27.14 27.33 27.52 28.13 28.74 29.12 29.73
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