4.15.2012

April 16 - Mon. "Community Decision"

CSTR - long bias on this one, good e/r report and it just sold off friday in a weak market, thinking at some point we'll see it get supported and reverse to head back into uptrend. 66 and 65 were solid levels.

TITN - short bias on any strenght 36 looks to be the spot where it will crack back down to 35 test so I'd look to short or fade any pops back up to 36.5-37 area.

IGTE - this 20 spot has been resistance for a long time now, maybe this will be the time it pulls and gears through. Short term the long set up looks good, but on the long term scale no play, imo.

NQ - I'm watching for a short on this one. Everyone thinking it blows through this 12+ area, I think it maybe sets an extended double top and fades.

We are back in earnings season as you can see so if you miss a set up another one will be right around the corner.

MONDAY, April 16
Extended-Hours Earnings: BRO, SCHW, JRJC, CNET, C, GCI, ICUI, LNCR, JADE, MAT, PNFP.
Economic Data: 8:30 a.m Retail Sales; Empire Manufacturing; 9 a.m. Net Long-Term TIC Flows; 10 a.m. Business Inventories; NAHB Housing Market Index.
TUESDAY, April 17
Extended-Hours Earnings: CATY, CMA, CREE, CSX, FRX, FULT, GS, INTC, IBM (IBM:$202.80,00$-2.52,00-1.23%) , ISRG, JNJ, LEE, LLTC, MRTN, MMR, EDU, NTRS, OMC, PKG, STX, STT, SYK, AMTD, KO, USB, URI, USG, WBS, YHOO.
Economic Data: 8:30 a.m. Housing Starts; Building Permits; 9:15 a.m. Industrial Production/Capacity Utilization.
WEDNESDAY, April 18
Extended-Hours Earnings: ABT, ALB, AXP, APH, AF, BMI, BK, BLK, CVA, CCK, CBST, DOV, EBAY (EBAY:$36.12,00$-0.34,00-0.93%) , EXPO, FFIV, HAL, HNI, HBAN, IBKC, JAKK, KCG, LRCX, MAR, MEG, MLNX, NE, PJC, PLXS, PNC, PLCM, QCOM, DGX, RLI, SLM, SCSS, STJ, SWK, STLY, TXT, UFPI, VMW, YUM.
Economic Data: 7 a.m. MBA Mortgage Index; 10:30 a.m. Crude Inventories.
THURSDAY, April 19
Extended-Hours Earnings: AMD, ALK, ADS, ALTR, ARB, BAC, BAX, BBT, BX, BSX, BLDR, COF, CPHD, CMG, CB, COBZ, CY, DHR, ETFC, DD, EFII, EMC (EMC:$28.87,00$-0.33,00-1.13%) , ENTG, EZPW, FCS, FITB, FWRD, FCX, FSL, GDI, HOMB, HUBG, IBKR, XXIA, KEY, LH, LSCC, LAYN, MSFT, MS, NCR, NYT, NUE, PENN, PXLW, PPG, RMTR, RVBD, COL, SNDK, SON, LUV, TAYC, TPX, TRV, VZ, UNP, VMI, ZHNE.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. Existing Home Sales; Philadelphia Fed; Leading Indicators.
FRIDAY, April 20
Extended-Hours Earnings: AOS, AEP, GE, HON, IDXX, IR, KMB, MAN, MCD, SLB, SXT, UA.
Economic Data: None.