5.08.2012

May 9 - Wed. "No Pain, No Gain"

DMD - 83m v. 80m rev, .07c v. .05c eps so a beat here and stock up 20% ah's. The lower 9's caught some support ah's, possible long if 9 stays supported for a run back towards highs at 9.85+. I'll prolly be looking to play this one short though, there some overhead at the highs and whole #10.
HDY - accumulate the .80's worked well as it started to rip towards eod, again buy dips if .80 stays supported.
DNDN - on watch for long, 8.68 is support, this one came down from bad e/r and stayed down, looking to take it for a trade long on washout below support.
VHC - b/o would be 30 cross and push, or it could over/under a few times failing breakout and fade off back towards 27.5 area.
WPRT - bounced off 25.81, I heard that the natty gas futures got hacked and this caused the natty gas stocks to pop midday, should known it was bs and shorted the run up, stock is extremely oversold, look for buyers to step in around 25.81 area again.
ANR - 12.37 is support now, 4 year old, watching for a washout to long, but this is below any near term support and coal stocks caught downgrades today, reason for the weakness.

my charts are messed up tonight so sorry for no charts.


WEDNESDAY, May 9
Extended-Hours Earnings: JOBS, SVN, AH, ATVI, AMRI, AOL, ARIA, BMC, BWEN, CAAS, CSCO, DF, DGIT, HILL, EGLE, HLYS, INSP, LYV, M, LUNA, MTEX, MNKD, MWE, WFR, MNTG, NWSA, PCLN, PSDV, SATC, SGMS, SMTX, SODA, SUPX, ELOS, TSLA, TACT, PANL.
Economic Data: 7 a.m. MBA Mortgage Index; 10 a.m. Wholesale Inventories; 10:30 a.m. Crude Inventories.
THURSDAY, May 10
Extended-Hours Earnings: ALXA, APEI, AUXL, AVII, BECN, BBOX, BRKS, BSQR, CA, CSIQ, CECO, CECE, CEDC, CDXS, CUTR, DYN, ESIO, ECYT, ESRX, GLOW, HTWR, JSDA, KSS, KOPN, LPTH, LIWA, LOCM, MBI, MCP, NABI, UEPS, JWN, NUAN, PATH, OVRL, PEIX, PETD, PSSI, RICK, SOMX, BID, VRNM, VITC, WAVX, WIN, HOGS.
Economic Data: 8:30 a.m. Initial Claims; Trade Balance; Import/Export Prices; 2 p.m. Treasury Budget.
FRIDAY, May 11
Extended-Hours Earnings: ALIM, NVDA, OSIR, SOL, URRE.
Economic Data: 8:30 a.m. PPI; 9:55 a.m. Michigan Sentiment.