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Proprietary Trading Morning Market Update July 5 2013

Top Economic News:

U.S. Stocks Rise as Jobs Growth Tops Economist Forecasts. U.S. stocks rose, sending the Standard & Poor's 500 Index toward its second straight weekly gain, after government data showed the nation added more jobs than forecast last month.

Wall Street advances after payroll report. Stocks rose in early trading on Friday as U.S. June payrolls data came in much stronger than expected, though investors questioned what the report meant for the timing of the Federal Reserve's stimulus program.

Pre-Market Activity:

$SPY +0.85%

$VXX -2.14%

$TLT -0.68%

$UUP +0.93%

$USO +0.45%

$UNG +0.78%

$GLD -0.65%

$SLV -1.68%

Proprietary Trading Economic Calendar:

Date

Time (NYSE:ET)

Statistic

For

Actual

Briefing Forecast

Market Expects

Prior

Revised From

5-Jul

8:30 AM

Initial Claims

29-Jun

-

345K

348K

346K

-

5-Jul

8:30 AM

Continuing Claims

15-Jun

-

2960K

2955K

2965K

-

5-Jul

8:30 AM

Nonfarm Payrolls

Jun

-

175K

166K

175K

-

5-Jul

8:30 AM

Nonfarm Private Payrolls

Jun

-

190K

180K

178K

-

5-Jul

8:30 AM

Unemployment Rate

Jun

-

7.60%

7.60%

7.60%

-

5-Jul

8:30 AM

Hourly Earnings

Jun

-

0.20%

0.20%

0.00%

-

5-Jul

8:30 AM

Average Workweek

Jun

-

34.5

34.5

34.5

-

5-Jul

10:30 AM

Natural Gas Inventories

29-Jun

-

NA

NA

NA

-

Proprietary Trading Earnings Announcements:

Company

Symbol

EPS

Time

Add to My

Estimate*

Calendar

Ashley House PLC

ASH.L

N/A

Time Not Supplied

Add

Daxor Corp

DXR

N/A

Time Not Supplied

Add

Fabege AB

FABG.ST

N/A

02:00 am ET

Add

GenCorp Inc

GY

-0.01

Time Not Supplied

Add

HTC Corp

2498.TW

N/A

Time Not Supplied

Add

LJ International Inc

JADE

N/A

Time Not Supplied

Add

SciClone Pharmaceuticals Inc

SCLN

0.11

Time Not Supplied

Add

Torex Gold Resources Inc

TXG.TO

N/A

Time Not Supplied

Add

Wihlborgs Fastigheter AB

WIHL.ST

N/A

01:30 am ET

Add

Unusual Options Activity:

FTNT- The Aug. $20/$22 call spread was put on 10k times for a $0.45 debit. Volume was above the open interest in both options. Shares of Fortinet are trading right up against the 50-day EMA, higher by 5.25% on the session.

PBF- 1,000 Dec. $20 puts were bought for $2.00 each, against open interest of 321 contracts. PBF Energy shares are hitting a new all-time low today, down 3.72%.

PSX- 2k Nov. $62.50 calls were bought for $2.10-$2.30 each, against open interest of 1,073 contracts. Shares of Phillips 66 were briefly under the lower Bollinger Band, but have since then moved off of the lows.

SU- The Aug. $27/$31 bull risk reversal was put on 10k times for roughly a $0.30 debit. Volume was well above the open interest in both options. He/she is betting on Suncor Energy shares being above $31.30 on August options expiration.

AAPL- Shares of Apple are off of the highs of the day, but still remain in positive territory. The call to put ratio in the July 5 weekly options is 1.34, once again led by activity in the $420 calls.

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