Daily Market Report for August 11, 2008 -- MrSwing

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Daily Market Report for August 11, 2008
Aug 12, 2008

Millennium-Traders

Millennium Traders
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Economic Calendar for August 12, 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
High	4:30am	CPI y/y	GBP	4.1%	3.8%
Med	4:30am	Core CPI y/y	GBP	1.7%	1.6%
Med	4:30am	DCLG HPI y/y	GBP	1.5%	3.7%
High	8:30am	Trade Balance	CAD	5.7B	5.5B
High	8:30am	Trade Balance	USD	-61.8B	-59.8B
Med	7:15pm	RBA Assist Gov Lowe Speaks	AUD	-	-
High	7:50pm	Prelim GDP q/q	JPY	-0.6%	1.0%
Med	7:50pm	Prelim GDP Price Index y/y	JPY	-1.5%	-1.5%
Med	8:30pm	WMI Consumer Sentiment m/m	AUD	-	-6.7%
Med	9:30pm	WMI Consumer Sentiment m/m	AUD	1.0%	0.9%

Earnings Announcements for August 12, 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
Time Not Supplied	AMAT	Applied Materials	+0.14
Time Not Supplied	CREE	Cree	+0.09
Before Market Open	FOSL	Fossil	+0.25
Time Not Supplied	HPT	Hospitality Properties Trust	+1.22
Before Market Open	JASO	JA Solar Holdings Co.	+0.15
After Market Close	KGC	Kinross Gold	+0.10
After Market Close	NVDA	NVIDIA	+0.12
Before Market Open	TJX	The TJX Companies	+0.45
Time Not Supplied	TWTC	Time Warner Telecom	+0.01
Time Not Supplied	UBS	UBS	-1.09
Before Market Open	VSE	VeraSun Energy	+0.02

IPOs for the Week of August 11, 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 11, 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	11,778	11,867.00	11,676.00	191	155 mil
S&P 500	1,305.01	1,313.15	1,291.41	21.74	N/A
NASDAQ	2,439.95	2,461.65	2,402.53	59.12	2,272 mil
NYSE	8,490.17	8,524.20	8,438.33	85.87	4,884 mil