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  • Proprietary Trading Morning Market Update July 5 2013 0 comments
    Jul 5, 2013 4:27 PM

    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.

    For Proprietary Trading Firm reviews, news, rumors & opinions, visit Proprietary Trading.

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