THE DAILY BRIEF

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Phone: (561) 922-5266 • Fax: (561) 623-6235
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Monday 12.28.2009

CURRENT MARKET SENTIMENT

The S&P closed up above Art Cashins’ critical New Year high of 10566 in preparation for the
level of 1120, while the Dow finished at 10520. expected positive data (S&P/Case-Shiller and
Four trading days left and no reason to go Conference Board’s Consumer Confidence
down, the world is awaiting the New Year on a Index). This may set the foundation for the
positive note. The Dow is very likely to test its indices to finish around 10600-50 for the year.

PRISM CALL
Monday morning, positive futures, low volume and no sellers, are all the variables for a slow crawling
market. The strategy remains the same, be cautious given that no circumstance has changed. Go
light!

ECONOMIC CALENDAR INDU & SPUZ TECHNICALS

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

NONE TODAY! INDU

10441 10464 10501 10539 10562
(DOW)
SPUZ
(S&P) 1119 1121 1125 1128 1130

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

BCS Barclays PLC curtails overseas

MARKET PRICE
 %
ambition - UK Times OnLine
(17.83 )
FTSE 5402.41 - - -

DAX 5999.66 42.22 0.71 EBAY eBay: Piper Jaffray's web

traffic data tracking increases their
HANG SENG 21480.22 36.78 -0.17 confidence in the December quarter
(23.89 )
NIKKEI 10634.23 139.52 1.33

GPS Gap Inc: Wedbush's checks

CHINA 3188.785 47.432 1.51 suggest promotions drove increased
post holiday traffic (20.71 )

DOW STOCKS TO WATCH COMMODITY PRICES Dubai Properties makes sweeping

changes at top- Timesonline.uk
STRONG WEAK COMMODITY PRICE

TM Toyota Motor plans to boost its
HPQ HD global production in 2010 by 17%,
OIL 78.4 0.35 Japanese media has reported - The
BBA JNJ Daily Telegraph
UTX MMM
GOLD 1111.5 7.40 China shares end up on premier's
KFT PG remarks about stimulus policy –
WSJ

OSTK Online shoppers especially

UPGRADES & DOWNGRADES prudent, but at least they're buying
– IBD
STOCKS UPGRADED
Concerns grow over sovereign debt
BROKERAGE risk - Financial Times
COMPANY RATINGS CHANGE PRICE TARGET
FIRM
Finish Line (FINL) Sterne Agee Neutral » Buy $14 TLVT Telvent profiled in New
America section of IBD (38.00 )
Actuate (ACTU) Roth Capital Hold » Buy $5.50
RAM Energy RBS Royal Bank of Scotland plans
Wunderlich Hold » Buy $4 to sell 3 bln pounds of foreign
Resources (RAME)
assets- Guardian UK (9.49 )
STOCKS DOWNGRADED
Japan factory output jumps,
BROKERAGE
COMPANY RATINGS CHANGE PRICE TARGET momentum in doubt- Reuters.com
FIRM
Altisource Portfolio
Piper Jaffray Overweight $27 China urged to keep policies flexible
Solutions (ASPS)
– Reuters
G-III Apparel
Piper Jaffray Overweight $24
(GIII) New security restrictions could hurt
airlines – Reuters
Fortinet (FTNT) JP Morgan Neutral $20

Fortinet (FTNT) Deutsche Bank Buy $20 AMZN Amazon.com reports that
customers purchased more Kindle
Robert W. books than physical books
Fortinet (FTNT) Outperform $22
Baird (138.47 )

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 EARNINGS

RDWR Radware raises Q4 guidance, now sees EPS of $0.19-0.21 vs $0.15 First Call consensus; revs
$31-32 mln vs $30.09 mln First Call consensus

AKAM Akamai Tech: ComScore data QTD implies Q4 is tracking slightly above ests - Piper Jaffray
(25.74 )

IBM IBM mentioned positively in Barron's (130.57 )

BNI Burlington Northern's tepid outlook is a warning - Barron's (98.40 )

PAR 3PAR mentioned positively in Barron's (10.28 )

Holiday retail sales rose an estimated 3.6%, SpendingPulse says – BusinessWeek

TTWO Take-Two Interactive Software mentioned negatively in Weekday Trader - Barron's Online
(10.07 )

Auto suppliers turn around – WSJ

stocks of TRW Automotive Holdings (TRW), BorgWarner (BWA), ArvinMeritor (ARM) and
Goodyear Tire & Rubber (GT) still trade well below their 2007 levels, but the shares have soared since
hitting lows back in March. Other suppliers on the mend include seat-maker Lear (LEA), which
reorganized in bankruptcy court. Dana Holding (DAN), a maker of axles and drive shafts, slashed
costs and is paying down debt, sold a piece of its business to a Mexican parts supplier and now
expects a significant increase in earnings in 2010. American Axle & Manufacturing (AXL) has
renegotiated its credit payments, booked new business and says it can now turn a profit even if 2010
U.S. auto sales only reach 11 million cars and trucks, which would still be a depressed level by
historical standards.

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 TECHNICAL ANALYSIS

Symbol S7 S6 S5 S4 S3 S2 S1 PIVOT R1 R2 R3 R4 R5 R6 R7
Sectors
SPX 1113.89 1115.95 1117.22 1119.28 1121.34 1121.98 1122.61 1124.67 1126.74 1127.37 1128.00 1130.06 1132.12 1133.39 1135.45
INDU 10380.62 10403.69 10417.93 10441.00 10464.07 10471.19 10478.28 10501.38 10524.48 10531.57 10538.69 10561.76 10584.83 10599.07 10622.14
NDX 1836.93 1842.33 1845.66 1851.05 1856.45 1858.11 1859.77 1865.17 1870.57 1872.23 1873.90 1879.29 1884.69 1888.02 1893.41
XBD 115.06 115.29 115.44 115.68 115.91 115.99 116.06 116.30 116.53 116.61 116.68 116.92 117.15 117.30 117.54
BKX 42.37 42.51 42.60 42.75 42.89 42.94 42.98 43.13 43.27 43.32 43.36 43.51 43.65 43.74 43.89
TRAN 4134.47 4146.02 4153.16 4164.70 4176.25 4179.82 4183.37 4194.93 4206.50 4210.05 4213.62 4225.16 4236.71 4243.85 4255.39
OIX 686.93 688.60 689.62 691.28 692.95 693.46 693.97 695.63 697.30 697.81 698.32 699.98 701.65 702.67 704.33
OSX 194.27 194.88 195.26 195.88 196.49 196.68 196.87 197.49 198.10 198.29 198.48 199.10 199.71 200.09 200.71
XNG 543.04 545.20 546.54 548.70 550.86 551.53 552.20 554.36 556.52 557.19 557.86 560.02 562.18 563.52 565.68
CYC 829.48 832.51 834.38 837.41 840.44 841.37 842.30 845.34 848.37 849.30 850.24 853.27 856.30 858.17 861.20
UTY 416.00 417.34 418.18 419.52 420.86 421.28 421.69 423.04 424.39 424.80 425.22 426.56 427.90 428.74 430.08
DRG 309.74 310.10 310.33 310.69 311.05 311.17 311.28 311.64 312.00 312.12 312.23 312.59 312.95 313.18 313.54
RLX 413.30 414.18 414.73 415.61 416.49 416.77 417.04 417.92 418.80 419.08 419.35 420.23 421.11 421.66 422.54

Tradeables

SPY 111.19 111.42 111.56 111.79 112.02 112.10 112.17 112.40 112.63 112.70 112.77 113.00 113.23 113.38 113.61
DIA 103.88 104.07 104.19 104.37 104.56 104.62 104.68 104.86 105.05 105.11 105.17 105.35 105.54 105.66 105.84
QQQQ 45.09 45.24 45.33 45.47 45.62 45.66 45.71 45.85 46.00 46.04 46.09 46.23 46.38 46.47 46.61
QLD 57.75 58.12 58.35 58.71 59.08 59.19 59.31 59.67 60.04 60.15 60.27 60.63 61.00 61.23 61.59
IWM 62.77 62.87 62.93 63.03 63.13 63.16 63.19 63.29 63.39 63.43 63.46 63.56 63.66 63.72 63.82
OIH 118.88 119.26 119.50 119.89 120.27 120.39 120.51 120.90 121.28 121.40 121.52 121.91 122.29 122.53 122.92
XLE 57.10 57.23 57.31 57.44 57.57 57.61 57.65 57.78 57.91 57.95 57.99 58.12 58.25 58.33 58.46
FAZ 18.39 18.52 18.60 18.73 18.86 18.90 18.94 19.07 19.20 19.24 19.28 19.41 19.54 19.62 19.75
FAS 73.08 73.58 73.88 74.38 74.88 75.03 75.18 75.68 76.18 76.33 76.48 76.98 77.48 77.78 78.28
SRS 6.85 6.91 6.95 7.00 7.06 7.08 7.10 7.15 7.21 7.23 7.25 7.30 7.36 7.40 7.45
SDS 33.97 34.07 34.12 34.21 34.31 34.33 34.36 34.45 34.55 34.57 34.60 34.69 34.79 34.84 34.93
USO 37.34 37.49 37.57 37.72 37.87 37.91 37.95 38.10 38.25 38.29 38.33 38.48 38.63 38.71 38.86
SKF 23.31 23.42 23.49 23.60 23.71 23.75 23.78 23.89 24.00 24.04 24.07 24.18 24.29 24.36 24.47

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