Trading for the Masses

The Market got the wanted jobs juice they needed to squeeze some recent shorts this am. After that was over the selling could begin! Typical reaction to a jobless number that is ultimately controlled and massaged by the BLS. Who knows what is real in that data set. I sure don’t. Trend day down stays in place as oil rallies and we are getting back our short with DUG long. Filming the new Trading Desk today look for more clips.

The market trended up slowly with the low of the day off the opening ticks @ 630 am PST today put in, scine that moment the market shot right up to 1410.75 then hung around and retested that high some two hours later, then started selling off some into the close. We are heading out early today as the market has done its thing. Tomorrow we get the jobs report, or at least the “official” one. All news is good in this market so its grinding up.

What else can you say about this market?

Go Wings, pull the sweep over the Avs.Roy got his butt kicked badly by little Mikey Vernon!!

McCartey’s still in the house!!

Let’s see if the boys can get this market out of the 1370 to 1400 range we have been locked in for the past 3 weeks. Jobless claims are looking higher by the Monster and Challenger numbers, and tomorrow we get the govie numbers. Gold hitting new lows for past 6 months oil down nearly 8 bucks now from its 120 highs last week. The Euro continues to get rocked as the dollar continues upward!! Fun times indeed. Trade em well.

The FOMC pause in trading has come to a halt, and we can get to the flow of earnings and economic releases the next few weeks as we cruise into summer time trading. Yes, summer is just about here as Memorial Weekend is now less than a month away, and before you know the kiddies will be out of school and running amok!! Looking forward to a nice summer of political conventions and Beijing Olympics. So we get the sell off after the FOMC and we still hold the 1370, so we should eventually resume upward momentum and see how high they can take them from here!!

Too good of conditions on April 30th with FOMC looming we will see you after the meeting!!

Companies trading higher in after hours in reaction to earnings: STAR +16.2% ALGN +16.0%; HS +13.4%; BWLD +12.1%; LAD +10.8%; MOSY +10.3%; TRLG +10.3%; PLT +10.0%; DBTK +9.0%; CTV +7.0%; AUDC +6.2%; PNRA +5.7%; DWA +4.9%; SNWL +4.2%; NCIT +4.1%; MOH +4.0%; RSYS +3.7%; BMRN +3.6%; SUMT +3.6%; PLNR +3.5%; NETL +3.4%; SPSS +3.2%; MPWR +3.2%; EQ +3.0%; SIMO +2.9%; CYBS +2.9%; EGLT +2.6%; KWR +2.5%; FLEX +2.4%; NATI +2.1%; NLC +1.4%; SWIR +1.3%; ARRS +1.3%; MWA +1.1%; AMMD +1.0%; CSCD +1.0%; GMST +1.0%… Companies trading down in reaction to earnings: SVVS -17.3%; FORM -15.4%; VPRT -10.7%; USU -9.6%; ANEN -9.5%; HTCH -9.2%; ARAY -7.9%; FEIC -6.3%; CRAY -5.7%; TE -5.6%; JL -4.8%; ESRX -3.5%; CTHR -2.7%; XPRT -2.5%; LNET -2.5%; OSG -2.2%; CNXT -2.0%; MRH -1.9%; MTZ -1.7%; GSB -1.4%; GERN -1.3%; PDFS -1.2%… Companies trading higher in after hours in reaction to news: ALGN +16.0% (announces $50 million stock repurchase program); CRDC +11.0% (Reports “positive” top-line results and submits 510(k) for PAS-Port proximal anastomosis system in cardiac bypass surgery); SCMP +3.1% (FDA approves Amitiza for women’s IBS with constipation — DJ); AMIE +1.1% (announces its plans to sell Majestic America Line); AMMD +1.0% (names Anthony P. Bihl, III as President and Chief Executive Office)… Companies trading lower in reaction to news: ANEN -9.5% (receives contracts worth $13.7 mln); C -2.6% (commences offering of approx $3 bln of common stock); IPAR -3.3% (Co and Gap sign agreement for international distribution of personal care products); STI -2.9% (declares $0.77 quarterly dividend, unchanged from prior quarter amount); ANSV -1.9% (announces new Zingo marketing and distribution agreement); COMS -1.3% (announces that the Board has appointed Robert Mao as the new CEO; names Ronald Sege President and COO).