12.19.2011

Dec 20 - Tues. "Penitent Path"

LRN - I'm accumulating on dips here, with a stop at or around 18.5ish, 19.5+ we see a run.

BIDU - Long bias as soon as she starts flattening out, we are close, 110 maybe, 109.

ZNGA - lotta targets on this one at 13, 8.75 had buyers roll in, 9 has held, I'm looking long on weakness. Prolly perks off 9 early.

FSLR - she's barely hanging on, I think we see sub 30's, although a long bias.

RHT - buyers came in just off 41, if it weak opens then long bias off similar area, if not short from 43.25+ or close to.


TUESDAY, Dec. 20
Extended-Hours Earnings: CCL, CTAS, CAG, FSII, GIS, JBL, JEF, NAV, NKE, ORCL, PAYX, SAFM, SHFL, STND, WH.
Economic Data: 8:30 a.m. Housing Starts; Building Permits.
WEDNESDAY, Dec. 21
Extended-Hours Earnings: ATU, BBBY, KMX, FINL, MLHR, KBH, LNN, LUB, MU, SCS, TIBX, WAG.
Economic Data: 7 a.m. MBA Mortgage Index; 10 a.m. Existing Home Sales; 10:30 a.m. Crude Inventories.
THURSDAY, Dec. 22
Extended-Hours Earnings: AM, CAMP, CBK, NEOG.
Economic Data: 8:30 a.m. Initial Claims; GDP; 9:55 a.m. Michigan Sentiment; 10 a.m. Leading Indicators; FHFA Housing Price Index.
FRIDAY, Dec. 23
Extended-Hours Earnings: None.
Economic Data: 8:30 a.m. Durable Orders; Personal Income/Spending; PCE Prices; 10 a.m. New Home Sales