Daily Market Report for May 15, 2008

From MrSwing.com

Daily Market Report for May 15, 2008
Millennium-Traders - May 16, 2008

Economic Calendar for May 16, 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	12:10am	RBA Assistant Governor Debelle Speaks	AUD	-	-
Med	2:45am	French Nonfarm Employment q/q (p)	EUR	0.3%	0.3%
Med	3:00am	ECB President Trichet Speaks	EUR	-	-
Med	3:15am	Retail Sales y/y	CHF	3.0%	3.3%
Med	8:30am	Building Permits	USD	915K	928K
Med	8:30am	Housing Starts	USD	940K	947K
High	9:55am	Consumer Sentiment (p)	USD	62.0	62.6

Earnings Announcements for May 16, 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	ANF	Abercrombie & Fitch	+0.65

IPOs for the Week of May 12, 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
AGNC	American Capital Agency	$20.00	Citi	12.5 mil
VRS	Verso Paper	$16.00 - $18.00	Credit Suisse	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 15, 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	12,999.00	12,856.00	143.00	213 mil
S&P 500	1,424.40	1,406.87	17.53	N/A
NASDAQ	2,535.19	2,492.95	42.24	2,193 mil
NYSE	9,556.85	9,437.11	119.74	3,779 mil