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Trader's Almanac: September 29, 2011

|Includes:ALTI, AMD, ARUN, ATRM, BDSI, BMRN, BSCC, CGA, CRED, FUE, KBH, KHC, LQDT, Leucadia National Corporation (LUK), MFW, NGSX, NPG, PMR, PRA, PSCM, SINA, SPRO, TIF, VER, XUE, YOKU
Trader’s Almanac: September 29, 2011
 
For Traders Who Have Full-Time Jobs
and
A MANAGER WHO CONSTANTLY  WATCHES OVER THEIR SHOULDERS DURING MARKET HOURS.
 
 
Bulls (LONGS)
Large Insider Trading (Buys): JEF $25 mill ARUN $12 mill.  
New High: LQDT  BMRN
Unusual Volume: PMR
Analyst Upgrades: KBH
Top Gainers: ALTI  ARCP  CGA
Oversold Condition: XUE  HCOM
 
Technical Analysis Patterns
Channel Up: BSCC  NPG
Reverse Head & Shoulders: SPRO  MFW
Ascending Triangle: PRA  CFT
 
 
Bears (SHORTS)
Large Insider Trading (Sales): HNZ $35 mill; TIF $28.6 mill;
New Low:  BDSI ZANE
Unusual Volume: PSCM FUE
Analyst Downgrades: AMD
Top Losers: ATRM  NGSX  YOKU SINA
Overbought Condition: HGIC
 
Technical Analysis Patterns
Channel Down:  GENC STEL
Head & Shoulders: ACHN TPX
Descending Triangle: PM STAN UGA


Sep 29 8:30 AM Initial Claims 09/24 391K 419K 428K
Sep 29 8:30 AM Continuing Claims 09/17 3729K 3715K 3749K
Sep 29 8:30 AM GDP - Third Estimate Q2 1.3% 1.2% 1.0%
Sep 29 8:30 AM GDP Deflator - Third Estimate Q2 2.5% 2.4% 2.4%
Sep 29 10:00 AM Pending Home Sales Aug -1.2% -1.5% -1.3%
Click to enlarge
 
Crude Oil        $82.33 +1.38%
Gold                $1,616 -0.13%
10 yr Treasury   2.02      +2.02%
30 yr Treasury   3.06      -0.29%
EUR / USD     $1.3639
USD / JPY      $76.79