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  • Proprietary Trading Morning Market Update June 21 2013 0 comments
    Jun 21, 2013 10:50 AM

    Top Economic News:

    U.S. Stocks Advance After Largest Selloff Since 2011. U.S. Stocks rose as the Standard & Poor's 500 Index rebounded from the biggest plunge since November 2011. Consumer, health-care and utility companies led gains among 10 S&P 500 groups, rising at least 1.1 percent. CarMax Inc. jumped 3.5 after quarterly earnings that topped analysts' estimates.

    Billionaire Fisher Says U.S. Still in Middle of Stock Rally. Billionaire investor Ken Fisher said the U.S. stock market rally that began in 2009 is only in its "middle" stages because most investors still underestimate the strength of the economy.

    Pre-MarketActivity:

     

    $SPY +0.47%

     

    $VXX -3.21%

     

    $TLT +0.21%

     

    $UUP +0.45%

     

    $USO +0.36%

     

    $UNG -0.39%

     

    $GLD +0.89%

     

    $SLV +0.82%

    Upcoming Proprietary Trading Economic Calendar:

    Date

    Time (NYSE:ET)

    Statistic

    For

    Actual

    Briefing Forecast

    Market Expects

    Prior

    Revised From

    25-Jun

    8:30 AM

    Durable Orders

    May

    -

    NA

    NA

    3.50%

    3.30%

    25-Jun

    8:30 AM

    Durable Goods -ex transportation

    May

    -

    NA

    NA

    1.50%

    1.30%

    25-Jun

    9:00 AM

    Case-Shiller 20-city Index

    Apr

    -

    NA

    NA

    10.90%

    -

    25-Jun

    9:00 AM

    FHFA Housing Price Index

    Apr

    -

    NA

    NA

    1.30%

    -

    25-Jun

    10:00 AM

    Consumer Confidence

    Jun

    -

    NA

    NA

    76.2

    -

    25-Jun

    10:00 AM

    New Home Sales

    May

    -

    NA

    NA

    454K

    -

    Proprietary Trading Earnings Announcements:

    Company

    Symbol

    EPS

    Time

    Add to My

    Conference

    Estimate*

    Calendar

    Call

    Calypte Biomedical Corp

    CBMC

    N/A

    Time Not Supplied

    Add

     

    Carmax Inc

    KMX

    0.58

    Before Market Open

    Add

    Listen

    Darden Restaurants Inc

    DRI

    1.04

    Before Market Open

    Add

     

    Discover Financial Services

    DFS

    1.15

    Time Not Supplied

    Add

     

    Exide Technologies

    XIDE

    -0.27

    Time Not Supplied

    Add

     

    Flybe Group PLC

    FLYB.L

    N/A

    Before Market Open

    Add

     

    Longrun Tea Group Co Ltd

    2898.HK

    N/A

    Time Not Supplied

    Add

     

    Northern States Financial Corp

    NSFC

    N/A

    Time Not Supplied

    Add

     

    ReNeuron Group PLC

    RENE.L

    N/A

    Time Not Supplied

    Add

     

    Rubicon Minerals Corp

    RMX.TO

    -0.01

    Time Not Supplied

    Add

     

    Timeless Software Ltd

    8028.HK

    N/A

    Time Not Supplied

    Add

     

    TK Development A/S

    TKDV.CO

    N/A

    Time Not Supplied

    Add

     

    Torex Gold Resources Inc

    TXG.TO

    N/A

    Time Not Supplied

    Add

     
     

    Yesterday's Unusual Options Activity:

    ORCL- Oracle will report Q4 earnings after the bell tonight. Analysts are looking for $0.87 in EPS and revenue of $11.1 billion. The options market is implying a $1.47 move, or 4.38%, in either direction. Call to put ratio in the June options is 2.40.

    TIBX- Another company to report earnings tonight will be Tibco Software. Analysts are looking for $0.18 in EPS and revenue of $247 million. Options traders are pricing in a $1.60 move, or 7.59%, in either direction. The call to put ratio in the June options is currently 1.31.

    APOL- 10k July $17 puts were bought for $0.30-$0.45 each, against open interest of 494 contracts. Apollo Group shares are looking to snap a four day losing streak, up 0.30%. (NASDAQ:APOL) is set to report Q3 earnings on Tuesday, June 25th.

    HOLX- 2,500 Sep. $22 calls were purchased for $0.55 each, against open interest of 161 contracts. Shares of Hologic are down 10.79% from last week's high of $22.23.

    AAPL- Apple shares continue to drift lower, now down about 0.65% today. The June call to put ratio is still slightly skewed in the bulls favor at 1.06.

    For Proprietary Trading Firm reviews, news, rumors & opinions, visitProprietary Trading

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