4.24.2012

April 25 - Wed. "Mixed Market"

AAPL - thank you apple for bringing the whole market up ah's. blew past Q2 estimates but set its Q3 outlook below the Street view. I'd be looking to short the stock off this run, I think many who were stuck are looking to unload here. So strong pops towards 605 I'd be looking to short for drops back below 600, possibly to 590 area.

BIDU - meeting Q1 revenue estimates, beating on EPS, and setting its Q2 revenue view in a range that straddles the Street view. I like the long off of weakness, patience prolly pays on this one, 121 level stood as floor ah's, look for solid drops below to get long. Could possibly look to short early on until it works all of its sellers out.
ANR - put a tweet out today, detailing the reverse head and shoulders pattern forming on this stock, we are now in the right shoulder, which should form and then gear through 17.5 and 18 to push the neckline and breakout towards 20. I recommend swing trading and accumulating over the next week+ at <16.
 
KBH - stock is beat down after last e/r they had. This is a pure technical set up because no new news has resurfaced entailing why the stock should be bot up other than they put out some yearly Sustainability Report. I like the long off 7.5 - 7.75 for push back towards 9x9.5.

WEDNESDAY, April 25
Extended-Hours Earnings: AKAM, ATI, ALGT, EPAX, ARRS, ACGL, ATMI, AN, BA, BVSN, CAT, CBZ, CRUS, CTXS, CLF, COHU, CVGI, GLW, CSGP, CROX, CCI, CYBE, DTLK, DAL, DBD, DPS, LLY, ELX, EFX, EQIX, EEFT, FICO, DAVE, GD, HOG, HES, HGSI, HURN, INFN, ISSC, ISSI, ININ, IDCC, ISIL, ITRI, JAH, JMP, KBR, LVS, LEAP, LCRY, LOGM, LO, LSI, LL, MTSN, MNI, MWV, MDCO, MDP, MSCC, MKSI, MOLX, MORN, NDAQ, NOC, OII, OC, QGEN, QDEL, RA, ROK, ROL, SLAB, SIX, SJW, SKX, S, STMP, STNR, SRCL, TER, CAKE, JNY, TSCO, TQNT, TUP, LCC, VMED, GRA, WLP, WLL, WMB, WPZ, XLNX.
Economic Data: 7 a.m. MBA Mortgage Index; 8:30 a.m. Durable Orders; 10:30 a.m. Crude Inventories; 12:30 p.m. FOMC Rate Decision.
THURSDAY, April 26
Extended-Hours Earnings: DDD, ABAX, AET, MO, AMZN, AM, APU, ABC, AMKR, AMLN, ANGI, AMCC, ASIA, AVID, BYI, CELL, BMY, BG, CAB, CCMP, CAMP, CELG, CERN, CLWR, CME, CCE, COHR, CSTR, CL, COLM, CPTS, CRAI, CRY, DECK, DLA, PROJ, D, DOW, ELNK, EMN, EHTH, EXPE, XOM, GR, GB, HW, HITT, HERO, INCY, INFA, IM, ITMN, IPG, JBLU, JRN, K, KLAC, LLL, BOOT, LMT, MXIM, MXWL, PCS, MCRL, MIPS, MWW, BABY, NTCT, N, OXY, OIS, ODFL, ASGN, OSK, PEP, PHM, SFE, SWY, SCSC, SIMO, SWKS, SWI, SOFO, SONS, CODE, SBUX, HOT, SYNA, TLAB, TSRA, TYC, UAL, UPS, UTHR, VRSN, VRTX, WM, WDC, WHR, ZMH, ZNGA.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. Pending Home Sales.
FRIDAY, April 27
Extended-Hours Earnings: AAN, AXL, ABFS, B, CPN, CVX, CVH, COV, DTE, HELE, IMGN, IP, KKR, LPNT, MRK, NWL, PG, GT, WY, VFC, ZBRA.
Economic Data: 8:30 a.m. GDP; Employment Cost Index; 9:55 a.m. Michigan Sentiment.