You May Not Know Them, But This Team Has Some Major Players

When You Least Expect It…

The mishap this week with the small aircraft violating the no-fly zone near the
White House and the corresponding market action prompted me to write this piece.
If you’ll recall, the Capitol Building was evacuated around Noon on Wednesday
after a small plane violated airspace and didn’t respond to calls. F-16s had to
be scrambled and there was general panic in the nation’s capitol. The market dropped
suddenly–with the Dow falling 40 points and the S&P dropping 6.5 points in one
5-minute bar. And just as quickly, the market rallied and went on to make new highs for the
day. The 12:05 PM bar actually turned out to be the low of the day.

So what was that all about? Well, Kevin Haggerty
mentioned the “plunge protection team” in his

05/12 column
  NYSE specialists and other savvy traders have long
speculated about the existence of this mysterious entity, which periodically
rescues the market from falling too far and too fast. Thought to have been
created in 1988 by

Executive Order 12631 – Working Group on Financial Markets, the PPT shows up
occasionally when the market suffers a dramatic downdraft. To read more about
the PPT, try a Google search.

And remember, if you ever see
the market rally dramatically after a large drop and you can’
t
quite explain it, maybe it’s the plunge protection team.

If You Day Trade…

If you do, the


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could
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If You Swing Trade…

Attend the


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The New, Improved
TradersWire

If you haven’t been in TradersWire for a while,
swing by next week–you’ll be pleasantly surprised. We’ve made a lot of changes,
including precise buy and sell alerts on stocks and E-minis and Mini-sized Dow
contracts, expanded education and trading tips. And as always, there are some
good traders in the chat room. I’m not ashamed to say that I’ve learned a lot
from some of these traders through the years, and I’m willing to bet you could
learn something, too.
 
So
come on by, we’ll
see you in
TradersWire
on Monday!

 

Big Cap
Earnings Announcements for the Week of

May 16th





































Company

Symbol

Date
Bema Gold BGO Monday, May 16
Limted Brands LTD Monday, May 16
Lowe’s LOW Monday, May 16
Valspar VAL Monday, May 16
Abercrombie &
Fitch
ANF Tuesday, May 17
Applied
Materials
AMAT Tuesday, May 17
Barnes & Noble BKS Tuesday, May 17
Big Lots BLI Tuesday, May 17
Borders Group SWFT Tuesday, May 17
Deere & Co. DE Tuesday, May 17
Dick’s Sporting
Goods
DKS Tuesday, May 17
Hewlett Packard HPQ Tuesday, May 17
Home Depot HD Tuesday, May 17
JC Penny JCP Tuesday, May 17
Nordstorm JWN Tuesday, May 17
Saks SKS Tuesday, May 17
Staples SPLS Tuesday, May 17
Advance Auto
Parts
AAP Wednesday, May 18
Catalina
Marketing
POS Wednesday, May 18
Foot Locker FL Wednesday, May 18
Jack In the Box JBX Wednesday, May 18
Men’s Wearhouse MW Wednesday, May 18
Pet’s Mart PETM Wednesday, May 18
Ross Stores ROST Wednesday, May 18
Talbots TLB Wednesday, May 18
Aeropostale AOS Thursday, May 19
Ann Taylor
Stores
ANN Thursday, May 19
Autodesk ADSK Thursday, May 19
Claire’s Stores CLE Thursday, May 19
Cost Plus CPWM Thursday, May 19
Gap Inc. GPS Thursday, May 19
Marvell
Semiconductor
MRVL Thursday, May 19
Serna Software SRNA Thursday, May 19
Sharper Image SHRP Thursday, May 19
Vivdendi
Universal
V Thursday, May 19

Scheduled Stock Splits for the Week of
May 16th


Company

Symbol

Ratio

Payable

Ex-Date
Colony Bankcorp CBAN 5-4 May 15 May 16
Frontier Financial FTBK 3-2 May 16 May 17
Nexen NXY 2-1 May 17 May 18
Washington Banking WBCO 4-3 May 1 May 18
McGraw Hill MHP 2-1 May 17 May 18
Moody’s MCO 2-1 May 17 May 18
Barrett Business BBSI 3-2 May 19 May 20
Frontier Oil FTO 2-1 May 20 May 23

Need more splits information? Click
here.

Upcoming Economic Events for the Week of
May 16th

Date ET Release For Consensus Prior

May 16 8:30
am
NY Empire State Index May 11.0 3.1
May
17
8:30
am
PPI Apr 0.4% 0.7%
May 17 8:30
am
Core PPI Apr 0.2% 0.1%
May 17 8:30
am
Housing Starts Apr 1980K 1837K
May 17 8:30
am
Building Permits Apr 2043K 2025K
May 17 9:15
am
Industrial Production Apr 0.1% 0.3%
May 17 9:15
am
Capacity Utilization Apr 79.4% 79.4%
May
18
8:30 am CPI Apr 0.4% 0.6%
May 18 8:30 am CORE CPI Apr 0.2% 0.4%
May
19
8:30 am Initial Jobless Caims 05/14 NA 340K
May 19 10:00 am Leading Economic Indicators Apr -0.2% -0.4%
May 19 12:00 pm Philly Fed May 19.0 25.3

Have a great weekend!

Brice