Thursday, June 17, 2010

Daily Market Recap


Stock Market RiskGlobal & sector ETF movers- Energy complex (USO, UGA, UHN) & associated commodities (GSG) still lead while Natural Gas (UNG) lags the complex & all sectors approaching the closing bell
The Actively Traded Leading Global & Sector ETFs:
heating oil- UHN +1.25%, commod. index- GSG +1.25%, RBOB gas- UGA +1.25%, iShares Chile- ECH +1.0%, gold miners/junior gold miners- GDX +1.0%, GDXJ +0.25%, ag commods.- JJG +1.0%, DBC +0.25%, crude/WTI oil- USO +0.75%, OIL +0.75%, biotech HLDRS- BBH +0.50%, US bonds/fixed income- TLT +0.50%, TLH +0.50%, TIP +0.25%, SPDRS utilities- XLU +0.50%

The Actively Traded Lagging Global & Sector ETFs:
natural gas- UNG -3.75%, base metals- DBB -2.25%, wind energy- FAN -1.75%, copper- JJC -1.50%, iShares Spain- EWP -1.50%, VIX vol index- VXX -1.50%, US retailers- RTH -1.25%, XRT -1.0%, insurers- KIE -1.0%, homebuilders & home construction- XHB -1.0%, ITB -1.0%, iShares transports- IYT -1.0%
Conferences and Shareholder/Analyst Meetings of Interest
Events of interest of interest for tomorrow, June 17, include: VRXInvestor Day; MLM, EXP, VMC at Longbow Research Annual Construction Materials Investor Conference; N, ISRG, QCOM, ESRX at William Blair & Company 30th Annual Growth Stock Conference; MCK Analyst Meeting; ABT, CBST, AMGN, CELGat Goldman Sachs Global Healthcare Conference; STM Analyst Meeting. Fed/Treasury: None.
Earnings Calendar
Today after the close IHS is scheduled to report. Tomorrow before the open look for the following companies to report: ATU, SJM, KR, PIR, SFD, and WGO. 

Banco Santander confirms Moody's upgrades Foreign Currency Deposit Ratings of Santander Chile to Aa3 from A1

Further afternoon downticks with stock indices back in the red -- Dow -16, S&P -2.4, Nasdaq -0.5
Sector weakness on this move has been noted in Oil Service OIH, Housing XHB, Consumer Discretionary XLY, Steel SLX, Airline, Coal KOL, Transports IYT, REITs IYR.
3d orange news iconNASDAQ 100 (NDX) strength & weakness- Internet Commerce name (PCLN) continues to lead the index on a percentage gain basis heading into the final hour of trading
NDX 10 Best % Performers:
PCLN, APOL, AAPL, SNDK, FSLR, MAT, WYNN, MRVL, CELG, LRCX

NDX 10 Worst % Performers:
MYL, SHLD, URBN, QGEN, ERTS, BBBY, NWSA, FLEX, QCOM, RIMM

NASDAQ A/D +60
NASDAQ TRIN +0.70
Dow 30 (INDU) strength & weakness- Top 3 of 5 percentage gainers are Financials (AXP, BAC, JPM) heading into the final hour of trading
INDU 5 Best % Performers:
AXP, CAT, MMM, BAC, JPM

INDU 5 Worst % Performers:
AA, PG, TRV, WMT, DIS

NYSE A/D -70
NYSE TRIN +1.0
Limited slip off afternoon/session highs for stock indices amid BP headlines -- Dow +7.3, S&P +0.8, Nasdaq +8.2
A continued posture above midday/early afternoon range lows (1113 S&P, 2305 Nasdaq, 10380 Dow) inflicts no intraday damage. 


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