Zila might file Chapter 11 after cutting costs

Zila's worsening financial situation might force the company to file for Chapter 11 bankruptcy, despite a number of cost-saving measures, according to financial statements filed March 17.

Despite cost-reduction strategies, the company’s revenue and cash continue to decline, according to its quarterly filing with the U.S. Securities and Exchange Commission.

Scottsdale-based Zila’s cash and cash equivalents dropped to $2.5 million as of Jan. 31, compared with $3.2 million on Oct. 31 and $4.5 million on July 31.

“In order to continue as a going concern and fund our current level of operations over the next 12 months, we will require additional funds and need to restructure our senior secured convertible notes,” the company stated in its filing.

Fed launches bold $1.2T effort to revive economy

After Fed announced this plan, it enticed buyers to enter the bidding process and push stocks markedly higher. Financial stocks were red hot and provide leadership to the broader market.
Target fed fund lending rate was as expected to be maintain within the range 0.00%-0.25%. This exceptionally low range would be expected to be extended longer.
For the next 6 months, the Fed will buy 300 billion treasuries. The 10 years notes surges after the news and finished almost 4 points higher, pushing its yield down to a two-month low 2.55%.

AAPL reaction @ FOMC Policy Statement

A Volatie session before and after the latest FOMC policy statement release. Volume spiked sharply after the released.
http://www.marketwatch.com/news/story/treasurys-rebound-after-previous-sessions/story.aspx?guid={119E383C-2643-419E-BD93-8A033AEE9BED}

Initial claims to be release tomorrow @ 8.30a.m

New claims for unemployment are at recessionary levels, as the financial crisis on Wall Street spilled over to Main Street in noticeable fashion with the seizing up of the credit markets in late summer/early fall 2008

AAPL trade in range bound, How long will it last?

AAPL is in range bound for almost 5 months. Would it break through the resistance in these few days? Given that the recent economic data is much stabilize and investors are more ready for bad news in this bear market rally?
FOMC policy statement will be release later this afternoon and initial claim will be release tomorrow. How will the market respond if the report is not as worse as anticipate?

DOW 30 SMA 200 as resistance

DOW 30 currently retreat from SMA 200 after few weeks of rally. During these few weeks, i was totally detach from the market as i was looking for "exact" sideway which indicate possibility of market retreat, so it is a battle between my biological clock and the market "clock". Hence i was not really in the market for day trading, however, i do involve in some longer term trade.

SMA200 is a good resistance in this case.

ENDP & JASO

These two counters are today's play.
If today inflection point happen, i think this would be a good play.
Even if it is not a bear market today, look at the chart for these two, we could see that these two stocks did not do well even at yesterday's rally.
So, attention should be pay in these counters.

Despite all these, the doji and bearish signal should be a good sign.

April17 Revarsal

It is only two candidates for today. Yesterday was a Super bullish day because of...

1.Several companies top earnings estimates, including Intel, JPMorgan, Wells Fargo

2.CPI in-line with expectations; above the Fed's comfort levels, but better than feared

3.March industrial production unexpectedly rose; good sign for manufacturing stocks

4.Housing starts & building permits fall to lowest level since 1991; market shrugs off data

I am sure that everything goes up will ultimately go down. It is just a matter of time. So, if anything happen(any bad news or no news) might as well trigger the market goes down.

We are just waiting for that and place our order.

*No news, still go down? Yes, it might cause by lack of confidence and investors choose to take profit.