From MrSwing.com
Daily Market Report for May 8, 2008
Millennium-Traders - May 9, 2008
Economic Calendar for May 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 |
2:45am |
French Industrial Production m/m |
EUR |
-0.4% |
0.3% |
| High |
7:00am |
Employment Change |
CAD |
10.0K |
14.6K |
| High |
7:00am |
Unemployment Rate |
CAD |
6.0% |
6.0% |
| High |
8:30am |
Trade Balance |
CAD |
4.5B |
4.9B |
| High |
8:30am |
Trade Balance |
USD |
-61.4B |
-62.3B |
Earnings Announcements for May 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 |
| Before Market Open |
AYR |
Aircastle |
+0.45 |
| Before Market Open |
CCU |
Clear Channel Communications |
+0.21 |
| Before Market Open |
HUN |
Huntsman |
+0.22 |
| Time Not Supplied |
BID |
Sotheby's |
+0.10 |
| Before Market Open |
WR |
Westar Energy |
+0.31 |
| Time Not Supplied |
WIN |
Windstream Communications |
+0.25 |
IPOs for the Week of May 5, 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 |
| CFX |
Colfax |
$15.00-$17.00 |
Merrill Lynch |
18.8 mil |
| RSOL |
Real Goods Solar |
$10.00-$12.00 |
ThinkPanmure |
5.0 mil |
| WES |
Western Gas Partners |
$17.00-$19.00 |
UBS Investment Bank |
18.8 mil |
Stock Splits for the Month of May
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 |
| May 16 |
CLF |
Cleveland-Cliffs |
Y |
2-1 |
| May 27 |
WFT |
Weatherford |
Y |
2-1 |
| Jun 02 |
ATLS |
Atlas America |
Y |
3-2 |
Major Indices Statistics for May 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 |
High of Day |
Low of Day |
Range |
Volume |
| Dow Jones |
12,909.00 |
12,795.00 |
114.00 |
195 mil |
| S&P 500 |
1,402.35 |
1,389.39 |
12.96 |
N/A |
| NASDAQ |
2,462.51 |
2,436.61 |
25.90 |
2,032 mil |
| NYSE |
9,407.81 |
9,337.03 |
70.78 |
3,735 mil |
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