6.17.2012

June 18 - Mon. "In The Loop"

DNDN - if it fails 7.8 again its a short, if it pushes through 7.8 on a para, its a short, would be a triple top at 7.8 area if it tops again, late day fade here, cracks at 7.4 with 6.6 as tgt. 
YPF - 10.9 is support, 10.5 is bottom of gap up on thurs. Long bias for me on perks off consolidation/support.
PAY - long over 30.5 breakout, needs to hold though.
GRPN - initial long here up to resistance at 10.8 area, along with FB and LNKD, all of them are lifting up after being down. FB is the catalyst, should have their heyday for a day or 2 then be good shorts. Maybe sooner rather than later. I'm looking at LNKD (105 res) for a short though because I like FB and GRPN both long.
SGEN - looking at this on the short side, but I just started watching it. Its hitting all time highs here and has no overhead so play accordingly, this is a trader, not a hold swing short. 22.5 was the break out spot,
MONDAY, June 18
Extended-Hours Earnings: IHS.
Economic Data: 10 a.m. NAHB Housing Market Index.
TUESDAY, June 19
Extended-Hours Earnings: ADBE, BKS, DFS, FDX, JBL, JEF, LZB, MITL.
Economic Data: 8:30 a.m. Housing Starts; Building Permits.
WEDNESDAY, June 20
Extended-Hours Earnings: ATU, APOG, BBBY, CLC, CRWS, GR, JKS, GAGA, RHT, CONC, SCS.
Economic Data: 7 a.m. MBA Mortgage Index; 10:30 a.m. Crude Inventories; 12:30 p.m. FOMC Rate Decision.
THURSDAY, June 21
Extended-Hours Earnings: AMSWA, KMX, CAG, ORCL, RAD.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. Existing Home Sales; Philadelphia Fed; Leading Indicators; FHFA Housing Price Index.
FRIDAY, June 22
Extended-Hours Earnings: None.
Economic Data: None