Your Personal Trader

..some light at the end of the doom and gloom tunnel, mkt has/may have stuff to work with

Euro stress test criteria to be laid out today likely, if ' tough' enough might be a positive catalyst.

Some more positives possibly out of China..won't make new initiatives on property mkt. Yesterday was 100bln of infrastructure programs by gov't announced..

Samsung prelim #'s good, but no guidance as usual.

Lets see if overnight lows 1016ES equal 1020SPX(.618 retrace from April Highs & Sept low) provide support.

LED stocks, positive comments from (AIXG+5% in Europe) today

A tier 1 spin on the lousy home sales this am,

May new home sales fell 33% sequentially to a record low of 300K, below its previous
low of 339K in Jan. 2009, from a downwardly revised April number of 446K
(originally 504K), well below the Street's 410K consensus, or an 18.7% fall from the
original April number. While the magnitude of this drop is significant, we view this
number as only modestly disappointing, as we note it is roughly consistent with our
earlier channel check that builders’ orders fell 25-30% sequentially in May, as well as
the MBA purchase applications data over the last seven weeks. Moreover, we believe
the more appropriate way to view this data series is through moving averages to
reduce monthly volatility, and hence, we note that new home sales’ 3, 6, and 12-month
moving averages are fairly consistent at 378K, 365K, and 379K, respectively.
Importantly, also, we note that these moving averages are 1-5% above 1H09's 361K
average and only 2-6% below 2H09's 387K average. Hence, we continue to believe
the housing market remains in a period of stabilization to modest improvement over
the next 12-18 months, concurrent with a modest economic recovery. Lastly, we
continue to view supply as manageable, as we note that existing homes for sale in May
fell 3.4%, while our Bi-Weekly Inventory Watch continues to demonstrate inventory
trends in-line with seasonal patterns. As a result, we reiterate our positive sector
stance, based on our outlook for the builders to demonstrate improving order growth in
2H10, expanding margins and fewer charges, which we believe should serve as
positive catalysts for the group.

BID, a good eps stk, looks to be setting up

Risk should come back...these catalysts should matter

*China export includes a whopping US#
*China Pension...$114 billion National Social Security Fund, said euro will be able to weather the sovereign debt crisis; "I do believe the euro will gradually
stabilize and survive the crisis."
*Trichet every word pushing euro higher/ SPX, calming mkts

Move can be sharp and exagerrated

Intervention noise hit euro to highs at SPX 1041

EDU is another that traded well yesterday and looks fine. today.

.."Watch private sector jobs, whisper highs a tad over 200k."

Way off at 41k..

ESL,<53 avionics components, good eps/guid, wide spreads, usually trades pretty well following similar #'s in past