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Tuesday 12.01.2009
It is back to business on The Street! The pivot, the indices are poised to make a go at
indices marched to 10346(Dow) and 10500 for the third time. With a positive ISM
1096(S&P) as Dubai’s effect waned. The Street Mfg Index expected, and short covering, the
has refocused its attention internally with a target within reach between the next two
positive yearly close. Having taken the weekly days.
PRISM CALL
The futures are pointing to a positive opening as the market brushed off the Dubai contagion effect.
There has been limited selling pressure hence buying on dips is the best strategy. Be aware Market
sentiment is positive despite questionable economic fundamentals.
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agrees to indemnify and hold harmless Prism, its principals, agents and employees. All of the material contained herein is believed to be correct, however, Prism will not be held responsible for accidental oversights,
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otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.
FOREIGN MARKETS NEWS
Kinross Gold (KGC) JP Morgan Neutral » Overweight $24 ABT Abbott Labs removed from
Conviction Buy list at Goldman;
BB&T Corp (BBT) Citigroup Hold » Buy
keeps Buy rating- Reuters
Fifth Third (FITB) Citigroup Hold » Buy (54.49 )
Watsco (WSO) Piper Jaffray Underweight » Neutral $50 » $51 TGT Credit Suisse previews mall
anchors/mass merchant
STOCKS DOWNGRADED November sales; favors TGT,
COMPANY
BROKERAGE
RATINGS CHANGE PRICE TARGET
COST, and FDO
FIRM
NuVasive (NUVA) Brean Murray Buy » Hold 'Cyber Monday' sales appear
strong – WSJ
NuVasive (NUVA) JMP Securities Mkt Outperform » Mkt Perform
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EARNINGS
OVTI OmniVision beats by $0.11, beats on revs; guides Q3 EPS in-line, revs below consensus (13.96 +0.55)
U.S. Chain store sales declined 0.12% in Nov 28 week vs 0.0% in prior week, according to ICSC/Goldman Sachs
WLP WellPoint issues updated guidance following the completion of NextRx sale to ESRX (54.03 ) Co issues in-
line guidance for FY09 (Dec), sees EPS of $5.86-5.92, excluding $3.54 net in non-recurring items, vs. $5.88 First
Call consensus; previous guidance was for EPS of $5.06-5.12.
COF Capital One: U.S. Treasury says starts secondary public offering of about 12.7 mln warrants to buy common
stock of Capital One Financial - Reuters (38.36 )
TECHNICAL ANALYSIS
Symbol S7 S6 S5 S4 S3 S2 S1 PIVOT R1 R2 R3 R4 R5 R6 R7
Sectors
SPX 1071.06 1075.26 1077.85 1082.05 1086.25 1087.55 1088.84 1093.04 1097.24 1098.54 1099.83 1104.03 1108.23 1110.82 1115.02
INDU 10122.06 10160.66 10184.51 10223.11 10261.71 10273.63 10285.51 10324.16 10362.81 10374.68 10386.61 10425.21 10463.81 10487.66 10526.26
NDX 1723.08 1730.72 1735.43 1743.07 1750.71 1753.07 1755.41 1763.06 1770.71 1773.06 1775.41 1783.05 1790.69 1795.40 1803.04
XBD 108.44 109.29 109.81 110.67 111.52 111.78 112.04 112.90 113.75 114.01 114.27 115.13 115.98 116.50 117.36
BKX 41.02 41.59 41.95 42.52 43.09 43.27 43.45 44.02 44.59 44.77 44.95 45.52 46.09 46.45 47.02
TRAN 3809.02 3832.30 3846.67 3869.95 3893.23 3900.42 3907.57 3930.88 3954.19 3961.35 3968.53 3991.81 4015.09 4029.46 4052.74
OIX 658.92 663.59 666.47 671.15 675.82 677.26 678.70 683.38 688.05 689.49 690.93 695.61 700.28 703.16 707.84
OSX 182.36 183.84 184.75 186.23 187.71 188.17 188.62 190.10 191.58 192.04 192.49 193.97 195.45 196.36 197.84
XNG 484.80 488.08 490.11 493.39 496.67 497.68 498.69 501.98 505.26 506.27 507.29 510.57 513.85 515.88 519.16
CYC 758.83 762.95 765.49 769.62 773.74 775.01 776.28 780.41 784.53 785.80 787.07 791.20 795.32 797.86 801.99
UTY 389.71 391.23 392.18 393.71 395.23 395.71 396.18 397.71 399.24 399.71 400.18 401.71 403.23 404.18 405.71
DRG 301.70 302.57 303.12 303.99 304.86 305.14 305.40 306.28 307.16 307.43 307.70 308.57 309.44 309.99 310.86
RLX 385.17 388.34 390.30 393.46 396.63 397.61 398.58 401.75 404.92 405.90 406.88 410.04 413.21 415.17 418.33
Tradeables
SPY 107.36 107.81 108.09 108.54 108.99 109.13 109.27 109.72 110.17 110.31 110.45 110.90 111.35 111.63 112.08
DIA 101.28 101.68 101.92 102.31 102.71 102.83 102.95 103.34 103.74 103.86 103.98 104.37 104.77 105.01 105.40
QQQQ 42.41 42.60 42.73 42.92 43.11 43.18 43.23 43.43 43.63 43.69 43.75 43.94 44.13 44.26 44.45
QLD 50.99 51.45 51.74 52.21 52.68 52.83 52.97 53.44 53.91 54.06 54.20 54.67 55.14 55.43 55.90
IWM 54.95 55.48 55.81 56.34 56.87 57.04 57.20 57.73 58.27 58.43 58.59 59.12 59.65 59.98 60.51
OIH 112.66 113.65 114.26 115.25 116.24 116.55 116.85 117.84 118.83 119.14 119.44 120.43 121.42 122.03 123.02
XLE 54.90 55.27 55.50 55.87 56.24 56.35 56.47 56.84 57.21 57.32 57.44 57.81 58.18 58.41 58.78
FAZ 17.05 17.62 17.96 18.53 19.10 19.27 19.44 20.01 20.58 20.75 20.92 21.49 22.06 22.40 22.97
FAS 64.28 66.14 67.29 69.15 71.01 71.59 72.16 74.02 75.88 76.46 77.03 78.89 80.75 81.90 83.76
SRS 7.23 7.56 7.76 8.09 8.42 8.52 8.62 8.95 9.28 9.38 9.48 9.81 10.14 10.34 10.67
SDS 35.20 35.49 35.67 35.96 36.25 36.34 36.43 36.72 37.01 37.10 37.19 37.48 37.77 37.95 38.24
USO 36.07 36.61 36.95 37.50 38.04 38.21 38.38 38.93 39.47 39.64 39.81 40.36 40.90 41.24 41.79
SKF 22.31 22.78 23.07 23.55 24.02 24.17 24.31 24.79 25.26 25.41 25.55 26.03 26.50 26.79 27.27
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