Chains of habit are too light to be felt until they are too heavy to be broken
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Aloha My Trading Friends Welcome To Our New Board :)
Wednesday's economic calendar:
7:00 MBA Mortgage Applications
8:30 Producer Price Index
8:30 Empire State Mfg Survey
9:00 International Capital Flow
9:15 Industrial Production
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
10:30 EIA Petroleum Inventories
Mahalo Mang (ci)
Notable Earnings For Wed. Before & After Bell
before Wednesday’s open:
AG, AH, CSC, DE, EJ, GLOG, M, OXF, PF, SVNT, WMC
after Wednesday’s close:
ANW, CSCO, EGLE, JACK, NTES, SB, SKX, SVM, THMC, YOKU
Automatic Braddah Sumo
Market recap:
Why do people listen to David Tepper? Because he's often right. His appearance on CNBC this morning to share his bullish views set the table for today's rally, led by big banks including BofA and AmEx. However, techs lagged after Apple sold off on no apparent news. Nymex crude ended below $95 as the IEA detailed a "supply shock"; gold fell to a three-week low at $1,424.50.
Tesla Motors $TSLA will make an announcement about its Supercharger Network next week instead of this week, according to Elon Musk. Shares of Tesla have peeled off a bit of their gaudy gains, but still stand +58% MTD and +151% YTD.
Ever-volatile Chinese solar stocks slide after Trina (TSL -8.3%) slashes its Q1 module shipment guidance and forecasts a gross margin for the quarter of just 1%-3%. DQ -5.9%. JKS -5.9%. YGE -5.1%. LDK -4.8%. SOL -3.6%. JASO -2.2%. U.S. solar installer/electricity seller SolarCity delivered mixed Q1 results and reiterated its full-year guidance yesterday afternoon.
Midday top 10 losers:
TELOZ -28%. OPXA -19%. SED -16%. STXS -14%. FMAR -13%. VELT -12%. TSRE -12%. TRMD -11%. CCCL -10%. PT -10%.
Midday top 10 gainers:
PDII +31%. UNTK +22%. ALIM +19%. SODA +15%. CHLN +15%. TEAR +14%. ESI +14%. ECTY +14%. BVSN +12%. RVLT 12%.
"Stock prices are moving higher almost entirely due to central bank liquidity, not corporate or economic fundamentals."
Market on its longest streak in more than six years without at least a 5 percent pullback
3D printing stocks are ripping higher a day after Stratasys $SSYS delivered a Q1 EPS beat, and hours before ExOne $XONE posts its own Q1 report. $DDD +8.4%. SSYS +7.9%. $XONE +6.9%. $CIMT +4.1%. Canaccord and Needham have raised their PTs for Stratasys today: Canaccord considers 2013 guidance conservative in light of management's gross margin comments, and Needham foresees improved operating leverage as Objet merger integration continues.
U.S. taxpayers are footing the bill for overseas lobbying that promotes controversial biotech crops developed by Monsanto $MON , according to a report issued by Food & Water Watch. A review of hundreds of diplomatic cables to and from the State Department and embassies in more than 100 countries found officials actively promoting the commercialization of specific biotech seeds.
FU MONSANTO SCUM BAGS
Market preview:
Stock futures tip slightly higher after hedge fund manager David Tepper told CNBC he is "definitely bullish" on stocks and that the market shouldn't be overly concerned about the Fed tapering its asset purchase plan. S&P +0.1%. Futures had been lower earlier as fears that China's central bank will not provide stimulus pulled the Shanghai Composite lower.
Big Boards Movers
Premarket gainers:
PDII +33%. ECTY +20%. NSPH +18%. SNE +9%. WPX +8%. TTWO +6%. TSLA +6%. RENN +5%.
Losers:
TRMD -15%. MOSY -13%. PT -11%. VELT -10%. SCTY -10%. TSL -6%. NBG -6%.
Nvidia $NVDA strikes a deal with Goldman allowing the chipmaker to buyback $750M worth of shares. The company previously said it would return $1B to stockholders this year. Shares +1.76% premarket.
Beast Mode
Tesla Motors $TSLA gains 6.2% in premarket trading to reach $93.10 as its dizzying post-earnings victory lap continues. Morgan Stanley is out with what is largely a cautionary note before crunching the numbers for the "extreme" bull case. The firm says if Tesla achieves a 20% operating margin on 200K units per year, then a $300-plus price target could be justified.
For those still keeping score, Tesla $TSLA added another 14.38% to last week's post-earnings bonanza , bringing the three-day total percentage change to +57%. Amusingly, the rally didn't let up AH either, as the stock tacked on an additional 2.51%, hitting $90 just before 8 p.m.
GET READY BEARS TIME IS A COMING
Whats Next This week ?
TUESDAY: Small business optimism index, import/export prices, Morgan Stanley shareholder mtg
WEDNESDAY: MBA mortgage applications, PPI, Empire state mfg survey, Treasury international capital, industrial production, housing market index, e-commerce retail sales, oil inventories, AIG shareholder mtg;
Earnings from Deere, Macy's, Cisco
THURSDAY: CPI, housing starts, jobless claims, Philadelphia Fed survey, natural gas inventories, Fed balance sheet/money supply, Comcast shareholder mtg, Hess annual mtg, Intel shareholder mtg, Tiffany shareholder mtg;
Earnings from Wal-Mart, Kohl's, Applied Materials, Autodesk, Marvell Tech, Nordstrom, JCPenney
FRIDAY: Consumer sentiment, leading indicators, Chipotle shareholder mtg, Icahn/Transocean shareholder mtg, JCPenney annual mtg
Strong Volume Gainers
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I know what you saying and totally agree but if she holds this 200ma could go next leg up if she dont then yes ALOHAZZZZZZZZZZZZZ
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