The Earnings Calls

I was looking for more earnings calls for today after hours, but there wasn't anything available. I'll be looking for Monday AH.

The final tally is somewhat disputable, there was 1 undisputed miss, there was 1 that is borderline and I think in the days ahead it will be confirmed as a correct call. So out of 9, 7 were correct or could have mad money off of.

ACTG Short was the bad miss, up 19+5 on good volume.

ALB is the disputable one. It put in some nice gains today to see them all erased and formed what is nearly a VERY impressive shooting star with a huge upper wick/tail. I think this one is the one that will decline as 3C suggested-it certainly saw it's gains sold off today.

AMZN was called a short and the 4% gain it put in yesterday was totally destroyed after hours being down I believe over 5% at one point so if that was shorted near the end of the day when I posted these, there was an easy 5% 1 hour gain. Today it was up about 2.5%, but even that looks like it'll be erased next week.

RVBD long came in today with a 18.31% gain, but intraday it was well over 20%-that's the kind of 1-day gift you take or at least take your initial investment off the table or a portion of it.

SNDK short looked like it wasn't going to be correct, today it was, albeit a small -.38%, it was a nasty candle that totally engulfed the previous day's very nasty candle-both on very high volume. This is one to keep an eye on in the days ahead.

PMCS Long had a nice day today up 6.7% on HUGE volume-look for further gains and confirmation here.

RMBS Long was up .73% today on a nice reversal upthrusting candle. This should see some more gains in the days ahead on a reversal.

AXP Short was down today about 3.15% on a bearish engulfing candle with big volume. This is an important stock to monitor as a market bellwether . From the looks of this chart, I think we'll see follow through early next week and possibly a trend.

LEG Short was down on a HUGE candle and HUGE volume. today's decline was 8.61%, but you could have booked over 11% last night in after hours trade. Either way, it's looking like another that'll show confirmation next week and continue down.

Check out today's trade SONC. Also don't forget about a bounce trade mentioned last night in GLD which put in a reversal pattern today (Harami) and oil (USO) which already put in gains today had you bought it on the open.

The FX pair, EUR/USD is continuing down. The small H&S top that is within the larger top (it makes up the top of the right shoulder) will reach it's neckline around $1.3920. The larger pattern's neckline is at 1.3775. After this area is penetrated, you can probably consider the dollar to have bottomed, whether for a swing trade or what is starting to appear as a longer, bigger rally. Possibly a multi-year high depending on how this develops. A few weeks ago I saw the distribution and couldn't imagine this happening, but here it is, we are 3/4s the way through the Euro H&S top. This doesn't mean that there isn't room for a bounce in GLD and USO, there certainly is, however in that case we are looking more at the trees then the forrest.

In news today Fitch placed a number of financial institutions on Negative Ratings Watch including BAC and C.

This weekend we have the G-20 meeting...

As you may have heard, WikiLeaks is about to release or has released it's biggest set of leaks EVER! Over 400,000 documents are coming from W.L. Warnings have gone out to the Iraqi government. Should be interesting.

Gold, as 3C has suggested, made it's first weekly decline in the last 6 weeks. This is due to strengthening in the dollar, also another 3C event recently.

Las Vegas is at 15% unemployment-now consider that is just the U3 number, you can nearly double it using the more robust U6 number. Yesterday the U6 number was estimated to be 22.5%, during the Great Depression the worst rate was 25% and it was counted almost the same as U6.

I'll be adding more stocks to the spread sheet tis weekend, quite a few nice trades (short term mostly) have set up.