Page | 1RISK DISCLAIMER: There is a very high degree of risk involved in trading equities. Trading is not for every investor and only risk capital should be used. Past results are not indicative of future returns. Prism Trading School, LLC (“Prism”) and all individuals affiliated with Prism assume no responsibilities for your trading and investment results. The indicators, strategies, articles and all other features are for educational purposes only and should not be construed as investment advice. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves and hereby and absolutely 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, typos or incorrect information from sources that generate fundamental and technical information. Prism does not warrant the completeness or accuracy of such information, and does not warrant any results from the use of the information. Your use of Prism materials is entirely at your own risk and it is your sole responsibility to evaluate the a ccuracy, completeness and usefulness of the information. You must assess the risk of any trade and make your own independent decisions regarding any securities mentioned herein. Prism affiliates may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Wednesday 12.30.2009 Despite positive economic data, the market gave up early gains to finish flat at 10545 (Dow) and 1126 (S&P). With one trading day remaining, investors are making sure that profits are locked and risk removed. The PMI is very likely to stop the risk adverse approach a little, thus 10500 might be the bottom for the day. As for the upside, the pivot will act as the first resistance. Japan airline’s possible default and a shortfall in the DAX are pressing the futures in negative territory. Once again, limited sellers will help support the market on the downside. Quick profits on the downside may be the best trading approach, expecting possible up at the end of the day. Caution remains the way to go. TIME I NDICATOR RANGE EXPECTATION PRIOR ACTUAL 10:30 am US Crude Oil Inventories -3500K to 3000K -1500K -4841K 10:30 am US Gasoline Inventories -500K to 2000K 1000K -883K 10:30 am US Distillate Inventory -4000K to 1000K -2100K -3027K 10:30 am US Refinery Utilization -0.70% to 1.60% 0.23% 0.09% INDICES S2 S1 PIVOT R1 R2 INDU (DOW) 10521 10534 10557 10579 10593 SPUZ (S&P) 1123 1125 1128 1130 1132 T TH HE E D DA AI I L LY Y B BR RI I E EF F2385 Executive Center Drive, Suite 400 • Boca Raton, Florida 33431 Phone: (561) 922-5266 • Fax: (561) 623-6235 www.prismtradingschool.com CURRENT MARKET SENTIMENT PRISM CALL INDU & SPUZ TECHNICALS ECONOMIC CALENDAR
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RISK DISCLAIMER: There is a very high degree of risk involved in trading equities. Trading is not for every investor and only risk capital should be used. Past results are not indicative of future retur
Trading School, LLC (“Prism”) and all individuals affiliated with Prism assume no responsibilities for your trading and investment results. The indicators, strategies, articles and all other features are for ed
purposes only and should not be construed as investment advice. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves and hereby and a
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 ov
typos or incorrect information from sources that generate fundamental and technical information. Prism does not warrant the completeness or accuracy of such information, and does not warrant any results
use of the information. Your use of Prism materials is entirely at your own risk and it is your sole responsibility to evaluate the a ccuracy, completeness and usefulness of the information. You must assess the r
trade and make your own independent decisions regarding any securities mentioned herein. Prism affiliates may have a position or effect transactions in the securities described herein (or options thereo
otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.
Wednesday 12.30.2009
Despite positive economic data, the market
gave up early gains to finish flat at 10545
(Dow) and 1126 (S&P). With one trading day
remaining, investors are making sure that
profits are locked and risk removed. The PMI
is very likely to stop the risk adverse approach
a little, thus 10500 might be the bottom for
the day. As for the upside, the pivot will act as
the first resistance.
Japan airline’s possible default and a shortfall in the DAX are pressing the futures in negative
territory. Once again, limited sellers will help support the market on the downside. Quick profits on
the downside may be the best trading approach, expecting possible up at the end of the day. Caution
remains the way to go.
TIME INDICATOR RANGE EXPECTATION PRIOR ACTUAL
10:30
am
US Crude Oil
Inventories
-3500K
to 3000K-1500K -4841K
10:30
am
US Gasoline
Inventories
-500K to
2000K1000K -883K
10:30
am
US Distillate
Inventory
-4000K
to 1000K-2100K -3027K
10:30
am
US Refinery
Utilization
-0.70%
to 1.60%0.23% 0.09%
INDICES S2 S1 PIVOT R1 R2
INDU
(DOW)10521 10534 10557 10579 1059
SPUZ(S&P) 1123 1125 1128 1130 1132
TTHHEE DDAAIILLYY BBRRIIEEFF
2385 Executive Center Drive, Suite 400 • Boca Raton, Florida 33431
AET Aetna to take approx $60-65 mln charge for job, real estate actions (32.86 )
CEO CNOOC Ltd announces new fields brought on stream ahead of schedule (154.23 )
XEL Xcel Energy reaffirms it 2010 earnings guidance of $1.55-1.65 per share vs $1.63 First Call consensus
(21.44 -0.01)
OSK Oshkosh Truck was awarded on Dec. 22, 2009, a $258,364,288 firm-fixed-price contract for the purchase of
728 new M1075 trucks; Co also announces additional contracts - DoD (3.52 -1.05)
LMT Lockheed Martin Corp., Missile and Fires Control, Grand Prairie, Texas, was awarded on Dec. 22, 2009, a
$151,166,292 firm-fixed-price contract - DoD (76.66 +0.96)
RTN Raytheon awarded on Dec. 18, 2009, a $58,250,212 cost-plus-fixed-fee, firm-fixed-price contract - DoD
(52.72 -0.07)
AAPL Apple ests and tgt raised to $253 at Kaufman driven by strength in all three major product lines,
particularly its iPhone business (209.10 )
PFBC Preferred Bank restates Q3 results; Q4 is likely to be profitable vs. consensus at ($0.49); loan lossesprovisions will be minimal due to recovery of previously charged-off loan (14.28 )
MGM MGM Mirage tgt upped to $9 at Oppenheimer as firm raises FY10 CityCenter EBITDA est on higher margins
which are still below co's guidance following meeting with mgmt (9.41 )