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Home > Articles > The Markets > Daily Market Report for August 14, 2008

Daily Market Report for August 14, 2008

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Millennium-Traders

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Economic Calendar for August 15, 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
- All Day Holiday: The Assumption EUR - -
Med 8:30am Manufacturing Shipments m/m CAD 1.0% 2.7%
Med 8:30am Empire State Manufacturing Index USD -4.3 -4.9
High 9:00am TIC Net Long-Term Transactions USD 60.0B 67.0B
Med 9:15am Capacity Utilization Rate USD 79.8% 79.9%
Med 9:15am Industrial Production m/m USD 0.0% 1.8%
High 9:55am Prelim UoM Consumer Sentiment USD 0.5% 61.2

Earnings Announcements for August 15, 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 ANF Abercrombie & Fitch Co. +0.93

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 14, 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 11,616 11,718.00 11,451.00 267 158 mil
S&P 500 1,292.93 1,300.11 1,276.84 23.27 N/A
NASDAQ 2,453.67 2,461.15 2,414.41 46.74 1,842 mil
NYSE 8,386.00 8,412.60 8,303.54 109.06 4,000 mil



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