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Home > Articles > The Markets > Daily Market Report for July 8, 2008

Daily Market Report for July 8, 2008

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Economic Calendar for July 9, 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 3:00am ECB President Trichet Speaks EUR - -
High Tentative Halifax HPI m/m GBP -1.0% -2.4%
Med 4:30am Trade Balance GBP -7.4B -7.6B
Med 8:15am Housing Starts CAD 218K 221K
Med 10:35am Crude Oil Inventories USD -1.5M -2.0M
High 9:30pm Employment Change AUD 10.2K -19.7K
High 9:30pm Unemployment Rate AUD 4.3% 4.3%

Earnings Announcements for July 9, 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
After Market Close SGR Shaw Group +0.63

IPOs for the Week of July 7, 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
None

Stock Splits for the Month of June

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
Jun 13 SF Stifel Financial Y 3-2

Major Indices Statistics for July 8, 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 11,384.00 11,390.00 11,175.00 215 271 mil
S&P 500 1,273.70 1,274.17 1,242.84 31.33 N/A
NASDAQ 2,294.42 2,294.42 2,233.99 60.43 2,472 mil
NYSE 8,515.77 8,517.76 8,313.88 203.88 5,950 mil



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