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You Are Here: Home > Articles > Commentary > Daily Market Report for August 12, 2008

Daily Market Report for August 12, 2008
Aug 13, 2008

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Economic Calendar for August 13, 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 Claimant Count Change GBP 17.5K 15.5K
Med 4:30am Average Earnings Index y/y GBP 3.6% 3.8%
Med 5:00am Industrial Production m/m EUR 0.3% -1.9%
High 5:30am BOE Inflation Report GBP - -
High 8:30am Core Retail Sales m/m USD 0.5% 0.8%
High 8:30am Retail Sales m/m USD 0.0% 0.1%
Med 8:30am Import Price Index m/m USD 1.0% 2.6%
Med 10:00am Business Inventories m/m USD 0.5% 0.3%
Med 10:35am Crude Oil Inventories USD -0.1M 1.7M
Med 7:50pm Tertiary Industry Activity Index m/m JPY -0.3% -0.2%

Earnings Announcements for August 13, 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 BRCD Brocade Communications Systems +0.14
Before Market Open CSIQ Canadian Solar +0.45
After Market Close CTRP Ctrip.com International +0.23
Time Not Supplied DE Deere & Company +1.37
Before Market Open DPS Dr Pepper Snapple Group +0.55
Before Market Open GIL Gildan Activewear +0.45
Time Not Supplied M Macy's +0.19
Time Not Supplied NTAP NetApp +0.22

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 12, 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 11,642 11,782.00 11,602.00 180 173 mil
S&P 500 1,289.59 1,304.79 1,285.64 19.15 N/A
NASDAQ 2,430.61 2,447.16 2,421.09 26.17 2,075 mil
NYSE 8,398.71 8,492.51 8,372.11 120.40 4,607 mil


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