8.21.2011

Aug 22 - Mon. "Breaking Rule Book"


 BCSI - looking to add to an already awful average on this one just over 13, will take the loss if this area doesn't hold around 12.5ish 12.1 or so. Panic Washout set up, mkt just unforgiving at the moment. Looks like more to come tomorrow. Japan futures where down. Also, Euro debt is mucking everything up.

ADSK - coming down from 29x30ish, panic washout set up, 25 tried to hold 23.6 put up a stronger fight. Looking for the tell tale signs that I teach in my Boomwin Lesson for a possible long .

MONDAY, Aug. 22
Extended-Hours Earnings: EFUT, NM, PWRD, MOBI, STP, TUES, ZOOG.
Economic Data: None.
TUESDAY, Aug. 23
Extended-Hours Earnings: AMWD, AZPN, ALOT, AVGO, NPD, COCO, DAKT, HNZ, KTCC, LZB, MDT, MPEL, PSUN, GAME, TSL, WSM.
Economic Data: 10 a.m. New Home Sales.
WEDNESDAY, Aug. 24
Extended-Hours Earnings: ATV, ADEP, AEO, AMAT, AVNW, PSS, EXPR, GES, HEI, SMTC, TIVO (TIVO:$7.88,00$-0.14,00-1.75%) , TOL.
Economic Data: 7 a.m. MBA Mortgage Index; 8:30 a.m. Durable Orders; 10 a.m. FHFA Housing Price Index; 10:30 a.m. Crude Inventories.
THURSDAY, Aug. 25
Extended-Hours Earnings: ARUN, BEBE (BEBE:$6.05,00$0.00,000.00%) , BRLI, CDCS, CPWM, CYBX, DLIA, DLLR, ENER, FRED, HRL, KKD, JADE, LAVA, MCRS, OVTI, OSIS, P, PDCO, RGS, SCVL, SIG.
Economic Data: 8:30 a.m. Initial Claims.
FRIDAY, Aug. 26
Extended-Hours Earnings: TIF.
Economic Data: 8:30 a.m. GDP; 9:55 a.m. Michigan Sentiment.