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You Are Here: Home > Articles > Contributors > Daily Market Report for August 19, 2008

Daily Market Report for August 19, 2008
Aug 20, 2008

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VEconomic Calendar for August 20, 2008

Vital economic data can make or break a trade and can even move the markets drastically. Traders should be aware of upcoming economic data every day before they even make their first days trade.

Impact Time Market Forecast Previous
Med 2:00am BOJ Monthly Report JPY - -
High 4:30am MPC Meeting Minutes GBP 7-2 hld 7-2 hld
Med 6:00am CBI Industrial Trends Orders GBP -12
-8
High 8:30am Core Retail Sales m/m CAD 0.5% 0.4%
Med 8:30am Retail Sales m/m USD 0.4% 0.4%
Med 10:35am Crude Oil Inventories USD 0.7M -0.4M
Med 9:30pm New Motor Vehicle Sales m/m AUD - 1.0%

Earnings Announcements for August 20, 2008

Earnings Season undoubtedly provides market moving action for any trader. Don’t be the last one to know the results of key Earnings Announcements. Have the edge; know who’s reporting when, first.

Time Symbol

Company

EPS Estimate
Before Market Open BYI Bally Technologies +0.54
Time Not Supplied BJ BJ's Wholesale Club +0.57
Time Not Supplied EV Eaton Vance +0.47
After Market Close JDSU JDSU +0.10
After Market Close LTD Limited Brands +0.19
After Market Close MENT Mentor Graphics -0.12
After Market Close PVH Phillips-Van Heusen +0.65
Time Not Supplied ROST Ross Stores +0.52
Before Market Open STP Suntech Power Holdings Co. +0.31
After Market Close SNPS Synopsys +0.39

IPOs for the Week of August 18, 2008

Initial Public Offering’s (IPO’s) trading activity can provide profitable opportunities for the experienced trader. Research upcoming new offerings for a possible day trade or even a long term investment.

Symbol Company Price Underwriter No. of Shares
DCTI Consonus Technologies $8.00 - $10.00 Merriman Curhan Ford 3.0 mil

Stock Splits for the Month of August

Stock Splits can provide nice trading action, for the active day trader. Stocks that split tend to be quite volatile on the date of the announcement and even more trading action the date of the official split.

Ex Date Symbol

Company

Optionable Ratio
Aug 12 PCX Patriot Coal Y 2-1
Aug 13 ALXN Alexion Pharma Y 2-1
Aug 18 TWI Titan Intl Y 5-4

Major Indices Statistics for August 19, 2008

Monitor statistics of the Major Indices on a daily basis. Track their highs and lows plus, their daily trading ranges for potential trading patterns.

Index End of Day High of Day Low of Day Range Volume
Dow Jones 11,349 11,478.00 11,319.00 159 171 mil
S&P 500 1,266.69 1,276.65 1,263.11 13.54 N/A
NASDAQ 2,384.36 2,410.96 2,376.67 34.29 1,729 mil
NYSE 8,212.47 8,281.81 8,180.88 100.93 4,087 mil


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