Miles J. Stoner, @StockHollywood

Dallas, Texas

8.14.2011

Aug 15 - Mon. "Short Term Top"

Alot of talk about is this a short term run for the past 4 days.  Is this little 4 day bull run over? Are we going to head lower? The key is to keep track of what commodities are doing, more specifically gold, if gold continues to sell off then stocks will surge. Pay attention to the value of USD as well. If it gains and stays above .77 to .80 then we are good, a fall below would be sketchy and could send us lower.

PMI - #1 on my swing long list right now, stock is over sold, hasn't bounced yet, combined with sideways price action and higher lows, should get a move from here to .50, some resistance there, but short term target.

FOE - just popped up as a watch for now, might get to 10, where I'd be looking to short, stock is oversold though, keep an eye on it.

MAKO - I have been trying to nail this short for 2 days now, with no avail. Finally hitting some resistance here at 32x34 ish area so its still a wide gap for the short, but I will be trying to start into it, sticking to stops.

CBOU - 2 months and almost a double at 18, in this mkt that is very nice, specially from a legit co. Still has alot of upside I think, maybe goes 20's, until then I'm long biased.

MONDAY, Aug. 15
Extended-Hours Earnings: ASTM, AEN, API, A, ARTX, ATEA, ATRN, BIDZ, BITS, CDII, CHGS, CLNT, EFOI, EPCT, EL, FFN, WILC, GSI, MAIL, LWAY, LOW, NLST, ONSM, PRKR, PEDH, APTS, PRVT, RLOG, SORL, TWER, TIV, URRE, URBN, WWON, ZAGG.
Economic Data: 8:30 a.m. Empire Manufacturing; 9 a.m. Net Long-Term TIC Flows; 10 a.m. NAHB Housing Market Index.
TUESDAY, Aug. 16
Extended-Hours Earnings: ADI, BOBE, CMED, CNTF, DELL (DELL:$14.87,00$0.15,001.02%) , DSCI, DKS, DANG, FLXS, HD, JCDA, JKHY, JMBA, JKS, LCRY, PTX, PRGO, PLAB, SKS, TSTF, FMD, NCTY, TJX, VVTV, WMT.
Economic Data: 8:30 a.m. Housing Starts; Import/Export Prices; 9:15 a.m. Industrial Production/Capacity Utilization.
WEDNESDAY, Aug. 17
Extended-Hours Earnings: ANF, AFCE, BJ, CACI, CSIQ, CHS, CTRN, CRWS, DE, EV, EJ, FLO, HOTT, IRF, ISS, JDSU (NVDA sold off last time so if this pops maybe same play), LTD, NTAP, NTES, PETM, SINA (SINA:$103.23,00$0.23,000.22%) , SPLS, TGT.
Economic Data: 7 a.m. MBA Mortgage Index; 8:30 a.m. PPI; 10:30 a.m Crude Inventories.
THURSDAY, Aug. 18
Extended-Hours Earnings: ARX, ARO, CRMT, ADSK, BONT, BRCD, BKE, CIS, CMRG, CATO, PLCE, IMOS, DLTR, FL, GME, GPS, GSOL, HPQ, INTU, SJM, JASO, KNSY, LYTS, MRVL, MENT, NDSN, OPLK, PERY, ROST, CRM, SHLD, SGI, SMRT, TECD, TTC, WTSLA, ZIGO.
Economic Data: 8:30 a.m Initial Claims; CPI; 10 a.m. Existing Home Sales; Philadelphia Fed; Leading Indicators.
FRIDAY, Aug. 19
Extended-Hours Earnings: ANN, CSUN, HIBB, KIRK, YGE.
Economic Data: None.