Tomorrow in macro events, Canada GDP (Q4) we expect 2% in Q3. Also, the EU summit is ending.

Target and Macy’s report better than expected sales gains for the month of February. With gas prices rising, will consumers continue to spur growth?

Steve Wozniak predicts Apple to “potentially” hit $1000..!!
By: Greg Zimny

Levels to Watch: 50DMA-$7.68, 100 DMA -7.93$, 200 DMA- $9.60.

Support 1- $6.75

Chart Glance: Looks like MWW formed a double bottom around $6.6-$6.7 level. MWW finally caught a bid on a large volume spike today. It is currently trading right below a primary resistance zone if it clears $8.45 level, then nothing but clear skies ahead IMO.

Jan 2014 Calls are raging today in anticipation of more momentum to the upside to come. Perhaps the bad news is behind MWW? Could this be the double bottom bounce we have been waiting for? Is MWW undervalued? Shares jump today after CEO states, “pursuing other strategic alternatives.” Facebook’s IPO will definitely impact MWW PPS and MWW’s “business model.” It is hard for long term investors to invest in MWW because of the lack of continuous revenue & earning growth. Finally, MWW is presenting in the Robert W Baird today at 9am.

By Greg Zimny

Will Apple continue to decouple from broader market weakness? I sure wouldn’t bet against APPLE!!!

Earnings Today

JRCC- Quarterly Earnings and Estimates (Q4E)- $.04 Quarterly Revenue Estimates (Q4E)- $327 M The outstanding short interest in JRCC has amazingly exceeded 14 million shares. Analysts believe revenue will double from a year earlier to $325 million. NOT one coal stock reported good numbers this quarter. For example, (PCX,ACI,ANR) are all near there 52 week lows after reporting earnings.

Wendy’s- Quarterly Earnings and Estimates (Q1E)- $.02 Quarterly Revenue(Q1E)- $609M Currently, Wendy’s is trading well above the 50 DMA. The May 2012 $5 Calls are seeing huge Call volume. We will have to wait and listen to the CC and find out how Wendy’s is doing with its interest expense from its short term 500M dollar debt.

By Greg Zimny

Levels to Watch: 50DMA-$38.33, 100 DMA – $35.73, 200 DMA- $44.33.

Support 1-$38.94

Support 2-$35.73

Chart Glance: Another choppy chart, looks like soda got ahead of itself before earnings. Bearish gap down on strong selling volume. Looks to be support between $35-$38 range. Chart suggests more choppy and range bound action to come.

Growth in Soda sales expected in US were higher then estimates. Soda opened 200 new stores in Brazil and is expanding heavily into the Japanese market. CEO stated, “that Q1 looks very STRONG at first glance.” In my opinion, SODA is way oversold and this might be a huge buying opportunity. Soda didn’t miss earnings, they beat, just not as high as analysts estimates. Finally, in the CC, the CEO states, “we are trying to expand into restaurant/commercial divisions.”

By Greg Zimny

“DON’T PANIC, APPLE IS STILL UP 7 PTS!!!” Says Andrew Keene. Apple up another 1.5%

Earnings tomorrow:

Foot Locker- analysts expect a profit of $.51 a share, up from $.39 for previous year. For the Fiscal year, analysts are expecting earnings of $1.78. Watch the FL’s net income, it has grown the last 3 quarters. Footlocker main competitors are DSW and Shoe Carnival. Finally, don’t forget about the Jeremy Lin effect, haha.

Wendy’s- Quarterly Earnings and Estimates (Q1E)- $.02 Quarterly Revenue(Q1E)- $609M Currently, Wendy’s is trading well above the 50 DMA. The May 2012 $5 Calls are seeing huge Call volume. We will have to wait and listen to the CC and find out how Wendy’s is doing with its interest expense from its short term 500M dollar debt.

By Greg Zimny

Levels to Watch: The most important level is $526.20, which was the recent all -time high, when it made a parabolic move and reversed to the downside.

50DMA-$449.99, 100 DMA -$420.73, 200 DMA- $392.73.

Support 1-$500.35

Suppor t2-$483.57

Chart Glance: When stocks like Apple go parabolic, volatility is expected.  AAPL is a great stock to trade, because the swings are so big, but always defining risk vs reward is how we trade at KOTM.  (See Disclaimer)

Apple’s stock market value passed the $500B mark for the first time Tuesday night. Supposedly, the iPad3 will have retina display, Siri voice recognition, and 4G connection. Yesterday, Apple’s market cap surpassed the entire semi index and is very close to being larger than the retail sector. Also, there is a rumor Apple will come out with a 14-inch MacBook air. Finally, Mercedes-Benz said to integrate ipad/iphone software in A-Class Line.

By Greg Zimny

Another important note, Israeli officials stated today, “They will not warn the US before attacking Iran.” Is that the reason why Crude just caught a bid trading at the $107 level. Furthermore, keep an eye out for Bernanke’s (semi-annual testimony) speech. Should be interesting! Also, Sweden and India reports Q4 GDP numbers. Lastly, the 2nd round of LTRO program just took place and the EUR/USD is currently trading near its session lows at $1.343. Fed QE Spending injections are causing investors to want to own hard assets like Silver and Gold. Silver suprasses the $37 mark as central banks are covering their short positions. Gold is trading at a key resistance $1780 level and continues to be the best inflation hedge for those fearing an inflationary environment,

Wednesdays before the bell earnings:
Costco – Reported earnings and revenue numbers that topped wall street expectations. Earned $.90 a share vs $.79 per share estimates. Revenue reported was $23B or up 10%. 52 week range ($69.5-$88.68). Costco CC is expected to take place sometime around the opening bell today.
Joy-Joy Global should meet or beat profits and sales expectations mainly because it is expanding into China’s International Mining Business. Analysts expect Joy to report $1.35 a share, up from $.96 a year ago. Revenue estimates are $1.15B for the quarter and year end revenue of $5.5B.

Liz Claiborne- Quarterly Earnings and estimates Q4E of $.10 Quarterly Revenue Q4E $477M. As of January 31st, there was a significant short float of 30%. In my opinion, any good news regarding earnings could send the shorts running and the stock flying.

By Greg Zimny

The ECB has lent over $450 Euros since it incorporated LTRO on December 21, 2012. There is speculation that the ECB is going to inject another $470 billion this week. In my opinion, the market has anticipated this move for a while and I think the official announcement should be a non-event. Then again, the trick is always trying to determine what information is priced in to markets and what isn’t. Amyris Inc. (AMRS) is getting crushed since the company reported poor fourth quarter results from its leading drugs. AMRS is down over 11% to $5.72. Apple (AAPL) is expected to announce its iPad 3 on March 7th. AAPL made another new 52 week high of $534.62. Dominos Pizza (DPZ) broke out of its wedge today and shot up 13.50% to $38.02. Pizza stocks were some of the best performing stocks in 2011. ZAGG Inc. (ZAGG) saw a 10% rally today after a .02 earnings beat. I am surprised the stock isn’t up more given that 50% of its shares are sold short.

With Gold and Silver showing continued strength, small beta pin actions plays are starting to show signs of strength. I like Paramount Gold Mining (PZG) on a break of $2.82-$2.84. Very easy risk management as a stop can be placed underneath the descending trend line. A break of $3.15 on heavily volume could send PZG to $4 in a short amount of time.