THE DAILY BRIEF

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Thursday 12.10.2009

CURRENT MARKET SENTIMENT

Flirting with the kiss of death at the continuous claims may be good enough
1091(S&P) for the third time. The S&P to consolidate the gains. All will depend on
finished at 1096 and the Dow followed at holding 1096 (S&P).
10337. While the initial claims are weak,

PRISM CALL
Market is trading up on the mixed employment data. With the market gapping up, we are
looking at fading the first move. Take profits as volume will be lite again today.

ECONOMIC CALENDAR INDU & SPUZ TECHNICALS

TIME INDICATOR RANGE EXPECTATION PRIOR ACTUAL INDICES S2 S1 PIVOT R1 R2

8:30 Trade Balance- -$41.3B to
am Oct -$32.0B
-$36.8B -$36.5% -32.9 INDU
(DOW) 10198 10239 10305 10371 10412
8:30 Initial Jobless 380K to
455K 457K 474 SPUZ
am Claims 490K
(S&P) 1082 1086 1093 1100 1104
8:30 Continuing 5300K TO
5450K 5465K 5157
am Claims 5500K
10:30 Natural Gas
-60 to -34 -47 2
am Storage Change
-$170.0B
2:00 Monthly Budget
to - -$134.1B -$125.2B
pm Statement
$100.0B

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otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.
 FOREIGN MARKETS NEWS

%
C Citigroup in talks for equity
MARKET PRICE

offering - Financial Times
FTSE 5238.18 34.29 0.66 (3.86 )
DAX 5718.38 70.54 1.25 CBY Hershey, trust near
HANG SENG 21700.04 41.7207 -0.19 Cadbury decision - WSJ (51.06 )

NIKKEI 9862.82 141.6958 -0.45 U.S foreclosure activity

decreases 8% in November
CHINA 3254.264 14.6958 0.45 according to RealtyTrac U.S.
foreclosure market report
DOW STOCKS TO WATCH COMMODITY PRICES
C Citigroup: Deutsche Bank
estimates 5-15% EPS dilution
STRONG WEAK COMMODITY PRICE
 longer term from repaying
HPQ JNJ TARP (3.86 ) -Update-
OIL 71.21 0.54
IBM CVX China accuses U.S., Russian cos
of steel dumping – WSJ
MMM KO
GOLD 1125.2 4.7999
PFE AXP European market summary;
miners, oils weak, banks
slightly higher: FTSE +0.54%,
CAC +0.74%, DAX +0.78%
UPGRADES & DOWNGRADES
Britain, France urge tax on
bankers' bonuses – AFP
STOCKS DOWNGRADED
BROKERAGE RIMM Research In Motion ests
COMPANY RATINGS CHANGE PRICE TARGET
FIRM
BMO Capital
raised at Kaufman; anticipates
Massey Energy (MEE) Outperform >> Market Perform 36.83 solid November quarter (64.14 )
Markets

HK-listed auto shares slide after

Beijing tax policy - Reuters.com

Asia markets close; Shanghai

Composite slightly higher on
consumption incentives:
Shanghai Composite +0.45%,
Hang Seng -0.19%, Nikkei -
1.42%, Sensex +0.37%

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 EARNINGS

EP El Paso issues in-line guidance for FY10, sees EPS of $0.75-$0.95 vs $0.88 First Call Consensus (9.39 )

SFD Smithfield Foods beats by $0.13, reports revs in-line (16.86 )

CIEN Ciena misses by $0.05, beats on revs (13.23 )

ROK Rockwell Automation reaffirms FY10 EPS and rev guidance at BofA Merrill Industrials Conference today
(46.16 )

LLY Eli Lilly issues in-line guidance for FY10 (Dec), sees EPS of $4.65-4.85 vs. $4.74 First Call consensus.
(36.56 )

LSCC Lattice Semi raises Q4 rev guidance (2.66 )

COST Costco reports EPS in-line, revs in-line (58.66

PLL Pall Corp reports EPS in-line, misses on revs; guides FY10 EPS above consensus (31.39 -0.18)
TECHNICAL ANALYSIS

Symbol S7 S6 S5 S4 S3 S2 S1 PIVOT R1 R2 R3 R4 R5 R6 R7
Sectors
SPX 1070.66 1074.92 1077.55 1081.81 1086.07 1087.39 1088.70 1092.96 1097.22 1098.54 1099.85 1104.11 1108.37 1111.00 1115.26
INDU 10091.70 10132.44 10157.61 10198.34 10239.08 10251.66 10264.19 10304.98 10345.77 10358.30 10370.89 10411.62 10452.36 10477.53 10518.26
NDX 1716.48 1728.62 1736.12 1748.27 1760.41 1764.16 1767.90 1780.06 1792.22 1795.95 1799.70 1811.85 1823.99 1831.49 1843.64
XBD 109.11 109.77 110.18 110.85 111.51 111.72 111.92 112.59 113.25 113.46 113.66 114.33 114.99 115.40 116.07
BKX 42.52 42.71 42.83 43.03 43.22 43.28 43.34 43.54 43.73 43.79 43.85 44.05 44.24 44.36 44.56
TRAN 3940.91 3960.93 3973.30 3993.33 4013.35 4019.54 4025.70 4045.75 4065.80 4071.96 4078.14 4098.17 4118.19 4130.56 4150.59
OIX 639.19 643.80 646.65 651.25 655.86 657.28 658.70 663.31 667.93 669.34 670.77 675.37 679.98 682.83 687.43
OSX 173.08 174.81 175.88 177.60 179.33 179.86 180.39 182.12 183.85 184.38 184.92 186.64 188.37 189.44 191.16
XNG 471.87 475.48 477.71 481.31 484.92 486.03 487.14 490.75 494.36 495.47 496.59 500.19 503.80 506.03 509.63
CYC 770.94 775.10 777.67 781.83 785.99 787.28 788.56 792.72 796.89 798.17 799.45 803.61 807.77 810.34 814.50
UTY 406.83 408.16 408.98 410.31 411.64 412.05 412.46 413.79 415.12 415.53 415.94 417.27 418.60 419.42 420.75
DRG 301.26 302.39 303.09 304.23 305.36 305.71 306.06 307.20 308.33 308.68 309.03 310.17 311.30 312.00 313.14
RLX 390.19 392.31 393.61 395.73 397.85 398.50 399.15 401.27 403.39 404.04 404.69 406.81 408.93 410.23 412.35

Tradeables

SPY 107.42 107.86 108.14 108.58 109.02 109.16 109.30 109.74 110.18 110.32 110.46 110.90 111.34 111.62 112.06
DIA 101.00 101.42 101.67 102.08 102.50 102.62 102.75 103.16 103.58 103.70 103.83 104.24 104.66 104.91 105.32
QQQQ 42.24 42.55 42.73 43.04 43.35 43.44 43.53 43.84 44.15 44.24 44.33 44.64 44.95 45.13 45.44
QLD 50.49 51.25 51.71 52.46 53.22 53.45 53.68 54.43 55.19 55.42 55.65 56.40 57.16 57.62 58.37
IWM 58.15 58.46 58.64 58.95 59.26 59.35 59.44 59.75 60.06 60.15 60.24 60.55 60.86 61.04 61.35
OIH 106.44 107.54 108.22 109.32 110.42 110.76 111.10 112.20 113.30 113.64 113.98 115.08 116.18 116.86 117.96
XLE 52.47 52.91 53.18 53.62 54.06 54.20 54.33 54.77 55.21 55.35 55.48 55.92 56.36 56.63 57.07
FAZ 18.97 19.28 19.48 19.80 20.11 20.21 20.31 20.63 20.94 21.04 21.14 21.46 21.77 21.97 22.29
FAS 65.27 66.34 67.00 68.07 69.14 69.47 69.80 70.87 71.94 72.27 72.60 73.67 74.74 75.40 76.47
SRS 7.86 7.94 7.99 8.06 8.14 8.16 8.19 8.26 8.34 8.36 8.39 8.46 8.54 8.59 8.66
SDS 35.07 35.37 35.56 35.85 36.15 36.24 36.34 36.63 36.93 37.02 37.12 37.41 37.71 37.90 38.19
USO 32.91 33.54 33.93 34.56 35.19 35.39 35.58 36.21 36.85 37.04 37.23 37.86 38.50 38.88 39.52
SKF 23.94 24.19 24.34 24.60 24.85 24.93 25.00 25.26 25.51 25.59 25.66 25.92 26.17 26.32 26.58

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