My wife loves Europe, but to me it’s a bad day at a theme park.
– Jay Leno
Futures are higher as Greece may be saved? This story changes hourly so we will have to see. Oil extended gains through the $86 level as traders worry that the crude spill could slow imports to the U.S.
Marc Farber has joined the Chanos camp and is predicting a massive China real estate crash over the next 9 to 12 months.
S&P 1180 is the support level to watch this week and some charts have definitely changed their personalities over the last week. The bulls need to resume their leadership role and the bears still need to muster a continuation day to the downside.
Have a great day.
Some winners on my Premium Site for April include:
DNDN +67%, CLDX +15%, WYNN +9%, AIG +18%, RNN +80%, KERX +35%, DCTH +8%, STEC +8%, HUSA +8%, CMG +8%, COP +7%, JEF +11%, POL +9.5%, DJSP +10%, XLE +8%
Monday, May 03, 2010
Economic
08:30 March Personal Income, Personal Spending, PCE Core, PCE Deflator
09:00 Brazil April Manufacturing PMI, Brazil April Trade Balance
10:00 April ISM Manufacturing, April ISM Prices Paid, March Construction Spending
Events
Deutsche Bank Healthcare Conference. US Auto Sales. FPL Analyst Day. Ex-dividend: GLP $0.488, HCBK $0.15, NRP $0.54, RGA $0.12.
Earnings
Before the Open: ASF, AWI, ARW, AUXL, BLC, BPI, CSE, CLX, CNA, DW, DCO, EMCI, ISPH, IART, IPGP, KDN, L, MAG, MD, MCY, GAS, PPCO, SVVS, SYY, VRX. After the Close: ACTU, AMCN, AB, AMSF, APC, ANDE, ASIA, ALC, CAR, BMR, BKD, CKEC, CIM, CGNX, CRK, CNQR, EXBD, CUTR, DXPE, EHTH, ESC, EOG, EXR, FVE, FMC, FST, GNK, GVA, HCN, HLF, HOLX, IPHS, IVAC, LF, MXGL, MCK, MIG, N, EGOV, NTRI, VITA, PKY, PSEM, PBI, PPS, PWAV, PFG, PSB, QGEN, RAX, RBC, SGMO, SKH, SM, SFSF, SYKE, SNCR, TXRH, TNS, UDR, UNCA, UTI, VVUS, VOLC, VMC, AUY.