Overnight Futures

Appears that we are looking at a higher open for the US markets,as the dollar is on a decline, with not geopolitical fallout occurred this weekend. Let see if this level can hold, for the open.

Stocks To Watch:

Deckers Outdoor - Deck - Feb 27 Quote
Mar Call 125 = 1.60
Mar Call 120 = 3.20

Gap - GPS - Feb 27 Quote
Mar Call 21 = .85
Mar Call 22.50 = .15

USD vs Markets

SPY supply level is at the 111.00 even. If the market is able to pop the clutch, this will take a lot of stops out and race is on to the 111.50 level.



















GLD supply level is at the 110 even. If this is broking next week we should see a higher gold market. Looking for a run to the 110.50 or better.



















USD demand level is at the 80 even or better 79.50. If traders take it to this level we will see a higher overall market for commodities and stocks.

Greece and other counties are "In Play". Watch for this Sunday's overseas action. March Madness!!

USD vs US Markets

It appears that it is the "Quite Period", the institutional money that can move markets does not want to scare the Asian markets that open on Sunday night in the U.S. or cause any panic to build up over the weekend. The questions about the economy have been tugging at the market. Inconsistent reports are a part of economic recoveries but the size of the problems like unemployment and housing have brought concerns that a recovery will stall.

Trading volume was light Friday in part because of a winter storm hitting the Northeast. Delayed or canceled buses, trains and flights made it harder for some traders to get to work.

Despite this investors(Retail)are also unwilling to make big moves ahead of economic reports next week. Most important, the Labor Department is expected to release its February payrolls report on Friday. Reports are also due on personal income and spending, manufacturing, construction spending and home sales.

Morning Futures

Well so far this morning, we have a mixed bag on the open slightly positive to the upside with the USD slightly down ahead of the GDP and Housing number to be reported around 8:30 AM ET. So we will see how the markets react to these set of numbers, today.

The Market Does Not Have To Bounce

There are so many things going on with the USD, that the market drops on a dime these days because of it. What a beautiful gap down this morning, to a near perfect recovery from the lows of the day.

SPY - Dropped from 110.82 to 109.10; settling there most of the morning and afternoon session, due to President and Fed Chairman on the Television. About 1:30 PM ET, we started to get a bid on SPY and started to move off the lows and closing the gap left in the morning session. Finishing the day down slightly to flat for the day.

Real numbers tomorrow GDP and Housing, we flushed the Initial Unemployment numbers . . . maybe we can run the market into the weekend, humm. Keep The Powder Dry.

OverNight Futures - SnapShot

The USD is regaining some of its losses from yesterday in overnight trading, as the Government talked the USD down to get the markets in a rally mode on the day. Question is will this hold up into trading tomorrow morning for 2/25. Looking forward, we have the Initial Claims and Ben speaking for the second day so this should a good day for trading again.

SPY - Updated

EcoNews To Watch 2/25/2010:

8:30 AM ET

Initial Jobless Claims
Core Durable Goods Orders (MoM)
Durable Goods Orders (MoM)

9:00 AM ET

Fed Chairman Bernanke Testifies - 2nd Day

SPY - Updated

SPY - Appears to be heading into a tight trading range in front of the tomorrows EcoNews from Fed Chairman Bernanke Testifies and New Home Sales. Market was generally positive, yesterday, however it turn downward into the close of the day. If the SPY breaks below 111 even we should see a run down to 110; or a break above 111.50; then we should see 112 even.

DNDN

Morning Futures

Stocks To Watch:

DNDN [NASD]
Dendreon Corp.
Healthcare - Biotechnology - USA

Higher Futures

After a surprise hike in the discount rate to .75% by the fed, the markets have rallied back strongly. Futures overnight on the S&P 500 were down over 12 points but now just sit down 4 points. Overall, the markets have rebounded sharply from their overnight losses. The markets look to open just slightly lower on the day at this point.

FSLR - Sell Off

AFTER HOURS TRADING DOWN TO 117.00 PER SHARE

First Solar is re-issuing its fourth quarter/year end earnings press release, issued earlier on February 18, 2010, to correct a typographical error contained in it. The reported number for the line item “Other current liabilities” in the consolidated balance sheet as of December 26, 2009 should have stated (in thousands) $95,202, not $95,902. All other numbers and information remain unchanged.

The corrected release reads:

FIRST SOLAR, INC. ANNOUNCES 2009 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS – MAINTAINS PREVIOUSLY ISSUED 2010 GUIDANCE

First Solar, Inc. (NASDAQ: FSLR - News) today announced its financial results for the fourth quarter and fiscal year ended December 26, 2009. Quarterly revenues were $641.3 million, up from $480.9 million in the third quarter of fiscal 2009 and up from $433.7 million in the fourth quarter of fiscal 2008. Revenues for the fiscal year ended December 26, 2009 were $2,066.2 million, up from $1,246.3 million in fiscal year 2008.

Overnight Futures - SnapShot

Asian stocks tumbled Friday after the U.S. central bank unexpectedly raised interest rates for emergency bank loans, triggering investor fears that growth could slow in the world's largest economy. The Fed chose to bump up the so-called "discount" lending rate by one-quarter point to 0.75 percent. It takes effect Friday.

Markets in China and Taiwan are closed this week for the Lunar New Year holiday.

Hong Kong's Hang Seng stock index led decliners, diving 477.27 points, or 2.3 percent, to 19,944.88 while Japan's Nikkei 225 stock average dropped 212.11, or 2.1 percent, to 10,123.58.

South Korea's Kospi declined 27.29, or 1.7 percent, to 1,593.90. Indonesia and India both fell 1 percent.

How will Europe fair, later today??

Morning Futures

Dow (MAR) +33
Nasdaq (MAR) +8.00
S&P 500 (MAR) +5.25
Delayed 15 minutes

Appears we are heading higher for the first part of the morning, as news of geopolitical nature as (Greece) has dead down a bit. Dollar is dropping lower, as well, which will help us in the short-term morning session. Remember it is a shorten trading week. If you are a PDT = Pattern Day Trader, 5 business days are required. So since Monday was a Holiday, Next Tuesday 2/23/2010; would complete this cycle. Which means you'll only have 6 trading days left in the month of February.

EcoNews - Upcomming Dates

Date	Time	News/Events	Priority
17-Feb	2:00 PM	Minutes of FOMC Meeting	High
17-Feb	8:30 AM	Housing Starts	Med
17-Feb	8:30 AM	Building Permits	Med
17-Feb	9:15 AM	Industrial Production	Med
17-Feb	2:00 PM	Treasury Budget	Med
18-Feb	8:30 AM	Continuing Claims	Med
18-Feb	8:30 AM	Initial Claims	Med
18-Feb	8:30 AM	PPI	Med
18-Feb	8:30 AM	Core PPI	Med
18-Feb	10:00 AM	Leading Indicators	Med
18-Feb	10:00 AM	Philadelphia Fed	Med
18-Feb	11:00 AM	Crude Inventories	Med
19-Feb	8:30 AM	CPI	Med
19-Feb	8:30 AM	Core CPI	Med

Date Time Company Priority
17-Feb After Market Hewlett-Packard (HPQ) Medium
18-Feb 07:00 am ET Wal-Mart Stores, Inc. (WMT) Medium

AMZN - Update - Daily Chart

AMZN - Has posted an inside day on the day and weekly charts, we are current looking for this stock to close the gap on the daily chart at 122.5; before the options ex on Friday. We were able to recapture the 4,20 MA and close above them both and we appear to be bouncing off a Double Bottom pattern. Appears $120 (supply) and $115 (demand) price levels are were the actions at, for now. Monday is a market holiday(closed) and Wednesday should be light volume day, so we will see how this shorten market week play's out. This is not a recommendation nor solicitation for the above stock.

Option ex: 120 strike price it the closest, so we may see the market close out the stock at that price or keep it near this level for Feb. Three days and counting.

The February 120 Call - Closed at 1.88 - Out of-The- Money
QZN100220C00120000
The February 120 Put - Closed at 2.02 - In-The-Money
QZN100220P00120000

Futures

Appears that the dollar has found some footing and the markets are dropping like a rock this morning. Well were looking for some wild swing anyways, so here we are. Sell the news and Buy before the rumor.

Also, 2/12 Scheduled industry wide change to new option symbols.

EcoNews On Deck:

Feb 12	8:30 AM		Retail Sales		Jan
Feb 12	8:30 AM		Retail Sales ex-auto		Jan
Feb 12	9:55 AM		Mich Sentiment		Feb
Feb 12	10:00 AM		Business Inventories		Dec
Feb 12	11:00 AM		Crude Inventories		2/5

AMZN - Updated

Futures - Before Initial Jobless Claims

After IJC

Dow (MAR) +37
Nasdaq (MAR) +7.25
S&P 500 (MAR) +3.25
Delayed 15 minutes

Before IJC

Dow (MAR) +23
Nasdaq (MAR) +4.25
S&P 500 (MAR) +2.50
Delayed 15 minutes

Watch the UUP for conformation, Greece, nah, nah. Its the dollar

AMZN - Updated

AMZN - Appears to be in a consolidation mood, so we will see about the rest of the month.

SPY #'s To Watch

The levels we are watching in the SPY are yesterday’s 108.15 high for more upside, there’s relatively little resistance until the 109 area if we get above it on volume. If the market weakens the first significant support is around the 105.90-106 area. Above is an intra-day snap shot of the daily.

Futures Mixed

Future Slightly Positive

Dow (MAR) +10
Nasdaq (MAR) +2.25
S&P 500 (MAR) +1.25
Delayed 15 minutes

Appears that the futures will be moving in a continuation pattern from yesterdays move to the upside. Bidu came out with better than excepted number and jumped over 30 points to the upside in After Hours trading last night.

Fed Chairman Bernanke Testifies this morning has been a white out, however, text notes with detail will be distributed by 12:30 PM ET.

Futures

Dow (MAR) +64
Nasdaq (MAR) +14.75
S&P 500 (MAR) +9.00
Delayed 15 minutes

Well we closed below the 10K level, yesterday. As of this morning the Dollar is dropping in pre market, so look for more wild swings.

AMZN - Chart

AMZN - Held its ground at the $114 per share level. Demand appears to be high at this level, its mixed. Bulls are fighting for this one. Publishers out and looking for a better pricing on their authors works.