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  • Proprietary Trading Morning Market Update July 11 2013 0 comments
    Jul 11, 2013 2:21 PM

    S&P 500 Climbs Above Record Close on Bernanke Comments. U.S. stocks jumped, sending the Standard & Poor's 500 Index above its record closing level, as Federal Reserve Chairman Ben S. Bernanke backed sustained monetary stimulus.

    European stocks at five-week high as stimulus worries soothed. European shares hit five-week highs on Thursday and broke above technical resistance to pave the way for further gains after the U.S. Federal Reserve allayed market concerns of an imminent start to its stimulus withdrawal.

    Pre-Market Activity:

    $SPY +0.99%

    $VXX -3.23%

    $TLT +1.03%

    $UUP -1.10%

    $USO -0.29%

    $UNG -0.41%

    $GLD +2.69%

    $SLV +4.92%

    Early Movers:

    $YUM (Beats Q2 estimates) +0.54%

    $TXI (Tops the top and bottom line Q4 numbers) +4.65%

    Proprietary Trading Upcoming Economic Calendar:

    Date

    Time (NYSE:ET)

    Statistic

    For

    Actual

    Briefing Forecast

    Market Expects

    Prior

    Revised From

    11-Jul

    8:30 AM

    Initial Claims

    6-Jul

    360K

    345K

    345K

    344K

    343K

    11-Jul

    8:30 AM

    Continuing Claims

    29-Jun

    2977K

    2950K

    2949K

    2953K

    2933K

    11-Jul

    8:30 AM

    Export Prices ex-ag.

    Jun

    -0.20%

    NA

    NA

    -0.70%

    -

    11-Jul

    8:30 AM

    Import Prices ex-oil

    Jun

    -0.30%

    NA

    NA

    -0.30%

    -

    11-Jul

    10:30 AM

    Natural Gas Inventories

    6-Jul

    82 bcf

    NA

    NA

    72 bcf

    -

    11-Jul

    2:00 PM

    Treasury Budget

    Jun

    -

    $115.0B

    $115.0B

    -$59.7B

     

    Proprietary Trading Earnings Announcements:

    Company

    Symbol

    EPS

    Time

    Add to My

    Conference

    Estimate*

    Calendar

    Call

    Ahlers AG

    AAH.F

    N/A

    04:00 am ET

    Add

     

    AngioDynamics Inc

    ANGO

    0.06

    After Market Close

    Add

     

    Bank of Ozarks Inc

    OZRK

    0.57

    After Market Close

    Add

     

    Century Bancorp Inc

    CNBKA

    N/A

    Time Not Supplied

    Add

     

    Ceres Inc

    CERE

    -0.31

    After Market Close

    Add

     

    Cogeco Cable Inc

    CCA.TO

    1.03

    Before Market Open

    Add

     

    Cogeco Inc

    CGO.TO

    1.13

    Before Market Open

    Add

     

    Commerce Bancshares Inc

    CBSH

    0.71

    Before Market Open

    Add

     

    DNB ASA

    DNB.OL

    N/A

    01:30 am ET

    Add

     

    Ecounion AG

    KN1.DE

    N/A

    Time Not Supplied

    Add

     

    Emerson Radio Corp

    MSN

    N/A

    Time Not Supplied

    Add

     

    Fielmann AG

    FIE.DE

    N/A

    Time Not Supplied

    Add

     

    Fred Olsen Energy ASA

    FOE.OL

    N/A

    02:00 am ET

    Add

     

    Independent Bank Corp

    INDB

    0.59

    After Market Close

    Add

     

    Interflex Co Ltd

    051370.KQ

    N/A

    Time Not Supplied

    Add

     

    Kirkland Lake Gold Inc

    KGI.TO

    0.17

    Before Market Open

    Add

     

    Klovern AB

    KLOV.ST

    N/A

    Time Not Supplied

    Add

     

    Kongsberg Automotive Holding ASA

    KOA.OL

    N/A

    Time Not Supplied

    Add

     

    Mwana Africa PLC

    MWA.L

    N/A

    Time Not Supplied

    Add

     

    Northern Technologies International Corp

    NTIC

    0.18

    Before Market Open

    Add

     

    Norwegian Air Shuttle ASA

    NAS.OL

    N/A

    02:30 am ET

    Add

     

    Orchard Supply Hardware Stores Corp

    OSHWQ

    N/A

    Time Not Supplied

    Add

     

    Otelco Inc

    OTEL

    N/A

    10:30 am ET

    Add

    Listen

    Peregrine Pharmaceuticals Inc

    PPHM

    -0.06

    After Market Close

    Add

     

    Powerland AG

    1PL.DE

    N/A

    Time Not Supplied

    Add

     

    Redstone PLC

    RED.L

    N/A

    Time Not Supplied

    Add

     

    Rocky Mountain Chocolate Factory Inc

    RMCF

    0.18

    Before Market Open

    Add

     

    Rubicon Minerals Corp

    RMX.TO

    -0.01

    Time Not Supplied

    Add

     

    SemiLEDs Corp

    LEDS

    -0.21

    Before Market Open

    Add

     

    Simulations Plus Inc

    SLP

    0.06

    Before Market Open

    Add

     

    SinnerSchrader AG

    SZZ.F

    N/A

    Time Not Supplied

    Add

     

    Suedzucker Mannheim Ochsenfurt AG

    SZU.DE

    N/A

    01:00 am ET

    Add

     

    SuperGroup PLC

    SGP.L

    N/A

    Time Not Supplied

    Add

     

    TigerLogic Corp

    TIGR

    N/A

    After Market Close

    Add

     

    Volt Information Sciences Inc

    VISI

    N/A

    Time Not Supplied

    Add

     

    Wilex AG

    WL6.F

    N/A

    Time Not Supplied

    Add

     

    Unusual Options Activity:

    JPM- J.P. Morgan will report Q2 earnings tomorrow morning before the bell. Analysts are looking for $1.43 in EPS and revenue of $24.8 billion. Options traders are pricing in a $1.31 move, or 2.40%, in either direction. The call to put ratio in the July 12 weekly options is 1.14.

    WFC- Wells Fargo is another big bank that will report Q2 earnings in the morning. Analysts are looking for $0.92 in EPS and revenue of $21.2 billion. The options market is pricing in a $1.19 move, or 2.87%, in either direction. Put to call ratio in the July 12 weekly options is currently 1.48.

    BBRY- 10k Dec. $20 calls were bought for $0.11-$0.15 each, against open interest of 22,058 contracts. Check the open interest in the morning for confirmation of new buying. BlackBerry shares are just a few percent off of the lows for 2013.

    CFX- 2,500 Dec. $60 calls were purchased for $1.25 each, against open interest of 2,679 contracts. Also, check the open interest in the morning for confirmation of new buying. Shares of Colfax have been trending higher, but are slightly in today's session.

    AAPL- Apple shares are up over 1%, keeping pace with the broader market today. The call to put ratio in the July 12 weekly options is 1.35, led by activity in the $425 and $430 calls.

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

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