Greetings!
Live Morning Squawk Call
Click BELOW for our Live
Morning Meeting Archived daily at 8:15 am est: Please note we have recently improved
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SP futures down overnight trading at 1066,
through last weeks lows. 1063.50 are the overnight lows.Taking a
wait and see approach, possible scalps long out of the gate if we
fill to the upside. Overall guarding for a lower low trend in the
market.
DELL has key levels at 11.72 on
its daily after posting a disappointment in earnings last
night.
RIG is trending pre market
looking for 50. Ticker stocks are DELL, BP, MRVL, RIG,
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Today's Calendar
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Friday, August 20, 2010
Economic
Events
8:00 Joint
Meeting of FDA Arthritis Advisory Committee and the Drug Safety and
Risk Management Advisory Committee Meeting Announcement. Trades
Ex-dividend: ABC $0.08, STE $0.15.
Earnings
Before the
Open: ANN, HIBB, HRL, KIRK.
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Yesterday's Recap
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AM recap:
Great Morning as the the futes
brke down hard after the 8:30 #'s. We used buy stops to get long
the SDS the 10:00 # which gave grea fills and a nice tail wind.
Other shorts included C BP APC SYMC which all worked well and were
called in the room. Also look for us at http://timothykellehercorp.blogspot.com/ to track our calls.
PM trading was slow which has bee typical. Basically we remained
weak and closed near the low end of the markets daily range,
Today's Quote: "Always leave on a high note if you
do well on a Friday AM...You want to feel good about business over
the weekend" Thanks for checking.....Have a great
weekend....Tim.
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Enjoy!
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