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Proprietary Trading Morning Market Update June 21 2013

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.

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