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Daily Market Report for July 24, 2008

Millennium-Traders

Millennium Traders
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Economic Calendar for July 25, 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	Prelim GDP q/q	GBP	0.2%	0.3%
High	8:30am	Core Durable Goods Orders m/m	USD	-0.2%	-0.8%
Med	8:30am	Durable Goods Orders m/m	USD	-0.3%	0.0%
Med	9:55am	Revised UoM Consumer Sentiment	USD	56.2	56.6
High	10:00am	New Home Sales	USD	504K	512K

Earnings Announcements for July 25, 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	CVH	Coventry Health Care	+0.55
Time Not Supplied	TROW	T. Rowe Price	+0.60

IPOs for the Week of July 21, 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
SOLR	GT Solar International	$15.50 - $17.50	Credit Suisse	30.3 mil
NHR.U	North Asia Investment Corporation	$10.00	Citi	6.0 mil

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 24, 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	11,354.00	11,633.00	11,346.00	287	208 mil
S&P 500	1,252.95	1,283.22	1,251.48	31.74	N/A
NASDAQ	2,280.11	2,329.21	2,278.91	50.30	2,500 mil
NYSE	8,371.96	8,584.11	8,356.19	227.92	5,924 mil