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Friday 10.30.2009
Will the revised Michigan Sentiment follow the however, all other sectors are too far to
Consumer Confidence Index? Last week an contribute to a greater up move. Consequently,
unexpected fall of 47.7 spooked the market. The the market should be range bound prior to the
street is relieved from the GDP and is hoping FOMC meeting next week.
that the consumer is feeling the same. The Dow
is within the range of the weekly pivot 10002;
PRISM CALL
Market is trading down a little following yesterday’s extreme run. The market seems to be waiting for the
results of the Michigan Sentiment report to decide on a direction today. A bad number will bring about a
sharp decline and a retracement of some of yesterdays gains (maybe most). A positive reading will continue
the march towards 10,200. Watch casinos, transportation and healthcare on the upside, but if the market
falls due to a bad number, nothing will be immune to the sell-off.
MARKET PRICE %
Bank of Japan holds rates
FTSE 5142.04 4.32 0.08
steady – WSJ
STOCKS DOWNGRADED
European market
summary; banks and
BROKERAGE miners higher: FTSE
COMPANY RATINGS CHANGE PRICE TARGET
FIRM
+0.10%, CAC -0.44%,
99 Cents Stores Only Neutral >>
BofA 12.00 16 to 10 DAX -0.61%
(NDN) Underperform
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EARNINGS
AEE Ameren beats by $0.13; lowers top end of previous guidance (25.33 )
DCM NTT DoCoMo net drops 20% on call revenue decline - WSJ (14.60 )
PGN Progress Energy beats by $0.03, beats on revs; guides FY09 EPS in-line (37.74 )
FBR Capital notes MET last night reported 3Q09 operating EPS of $0.87, in line with consensus.
After adjusting for non-recurring items (mainly market impacts and lower variable income), the core
result was closer to $0.95.
CMS CMS Energy misses by $0.02; guides FY09 EPS in-line (13.74 )
EL Estee Lauder beats by $0.51, reports revs in-line; guides Q2 EPS in-line; guides FY10 EPS above
consensus (41.14 )
D Dominion beats by $0.09, misses on revs; guides Q4 EPS below consensus; reaffirms FY10 EPS
guidance (34.63 )
CMI Cummins beats by $0.19, beats on revs; raises FY09 sales guidance (45.92 )
DUK Duke Energy beats by $0.02, misses on revs; reaffirms FY09 EPS guidance (16.11 )
CVH Coventry Health Care beats by $0.14, reports revs in-line; raises FY09 EPS guidance (20.91 )
CEG Constellation Energy beats by $0.16; guides FY09 EPS above consensus; reaffirms FY10 EPS
guidance (31.13 )
GXP Great Plains Engy misses by $0.10; guides FY09 EPS in-line (17.65 )
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CW Curtiss-Wright misses by $0.11, misses on revs; guides FY09 EPS below consensus, revs below
consensus (33.76 )
UHS Universal Health beats by $0.15, beats on revs; raises FY09 EPS range to above consensus
(60.72 +2.97)
DTE DTE Energy misses by $0.04, misses on revs; reaffirms FY09 EPS guidance (38.48 )
ELY Callaway Golf reports EPS in-line, revs in-line; guides FY09 EPS below consensus (7.40 +0.23)
CPT Camden Property beats by $0.01; raises FY09 FFO above consensus (36.35 +1.11
CLF Cliffs Natural Resources beats by $0.52, beats on revs (34.87 +1.70)
BMC BMC Software beats by $0.08, reports revs in-line; guides FY10 EPS above consensus
(37.22 +0.80)
MHK Mohawk beats by $0.08, misses on revs; guides Q4 EPS below consensus (46.48 +2.48)
MET MetLife prelim $0.87 vs $0.87 First Call consensus; revs $12.41 bln vs $12.25 bln First Call
consensus
LVS Las Vegas Sands beats by $0.04, misses on revs (14.75 +1.59)
ACI Arch Coal beats by $0.12, beats on revs; guides FY09 EPS above consensus (23.10 )
AEM Agnico-Eagle Mines upgraded to Buy from Neutral at UBS; tgt $68 (57.18 )
WY Weyerhaeuser Q3 prelim $0.00 vs ($0.45) First Call consensus; revs $1.41 bln vs $1.42 bln First Call
consensus
SPG Simon Properties beats by $0.06, beats on revs; guides FY09 FFO in-line (68.17 )
LVS Las Vegas Sands gets HK listing OK for $2 bln Macau IPO. sources say - DJ (14.76 )
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TECHNICAL ANALYSIS
Symbol S7 S6 S5 S4 S3 S2 S1 PIVOT R1 R2 R3 R4 R5 R6 R7
Sectors
SPX 1012.60 1021.44 1026.90 1035.74 1044.58 1047.31 1050.03 1058.88 1067.73 1070.45 1073.18 1082.02 1090.86 1096.32 1105.16
INDU 9475.65 9556.16 9605.91 9686.43 9766.94 9791.82 9816.58 9897.21 9977.83 10002.60 10027.47 10107.99 10188.50 10238.25 10318.77
NDX 1653.41 1663.22 1669.28 1679.09 1688.90 1691.93 1694.95 1704.77 1714.59 1717.61 1720.64 1730.45 1740.26 1746.32 1756.13
XBD 107.45 108.79 109.62 110.96 112.30 112.72 113.13 114.47 115.81 116.23 116.64 117.98 119.32 120.15 121.49
BKX 40.32 41.00 41.41 42.09 42.77 42.98 43.18 43.86 44.54 44.75 44.95 45.63 46.31 46.72 47.40
TRAN 3538.74 3566.79 3584.12 3612.17 3640.22 3648.89 3657.51 3685.60 3713.69 3722.32 3730.98 3759.03 3787.08 3804.41 3832.46
OIX 649.24 655.69 659.68 666.12 672.57 674.56 676.55 683.00 689.46 691.44 693.44 699.88 706.33 710.32 716.76
OSX 181.55 183.98 185.48 187.91 190.34 191.09 191.83 194.27 196.70 197.45 198.20 200.63 203.06 204.56 206.99
XNG 470.76 478.01 482.49 489.74 496.99 499.23 501.46 508.72 515.98 518.21 520.45 527.70 534.95 539.43 546.68
CYC 670.98 682.18 689.09 700.28 711.48 714.93 718.38 729.58 740.79 744.23 747.69 758.88 770.08 776.99 788.18
UTY 378.92 380.61 381.65 383.34 385.03 385.55 386.07 387.76 389.45 389.97 390.49 392.18 393.87 394.91 396.60
DRG 284.84 285.93 286.60 287.70 288.79 289.13 289.46 290.56 291.65 291.99 292.32 293.42 294.51 295.18 296.28
RLX 367.36 371.35 373.81 377.79 381.78 383.01 384.23 388.22 392.21 393.44 394.67 398.65 402.64 405.10 409.08
Tradeables
SPY 102.31 103.04 103.50 104.23 104.96 105.19 105.42 106.15 106.88 107.11 107.34 108.07 108.80 109.26 109.99
DIA 95.73 96.38 96.77 97.42 98.07 98.27 98.46 99.11 99.76 99.96 100.15 100.80 101.45 101.84 102.49
QQQQ 40.64 40.89 41.04 41.29 41.54 41.62 41.69 41.94 42.19 42.27 42.34 42.59 42.84 42.99 43.24
QLD 47.04 47.61 47.97 48.54 49.12 49.30 49.48 50.05 50.63 50.81 50.98 51.56 52.14 52.49 53.07
IWM 55.52 55.94 56.21 56.64 57.06 57.20 57.33 57.76 58.19 58.32 58.45 58.88 59.30 59.57 60.00
OIH 114.89 116.14 116.91 118.16 119.41 119.79 120.18 121.43 122.68 123.06 123.45 124.70 125.95 126.72 127.97
XLE 54.13 54.68 55.02 55.58 56.13 56.30 56.47 57.03 57.58 57.75 57.92 58.48 59.03 59.37 59.93
FAZ 17.09 17.83 18.29 19.04 19.78 20.01 20.24 20.99 21.73 21.96 22.19 22.94 23.68 24.14 24.89
FAS 63.69 65.94 67.33 69.58 71.83 72.53 73.22 75.47 77.73 78.42 79.11 81.36 83.61 85.00 87.25
SRS 8.63 8.92 9.10 9.38 9.67 9.76 9.85 10.13 10.42 10.51 10.60 10.88 11.17 11.35 11.63
SDS 36.68 37.24 37.59 38.15 38.72 38.89 39.07 39.63 40.20 40.37 40.55 41.11 41.68 42.02 42.59
USO 38.56 38.97 39.22 39.63 40.04 40.16 40.29 40.70 41.11 41.23 41.36 41.77 42.18 42.43 42.84
SKF 22.37 22.95 23.31 23.90 24.48 24.66 24.84 25.43 26.01 26.19 26.37 26.96 27.54 27.90 28.49
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