DailyMarkets.com - FedEx To Cut Costs To Combat Slowing Growth

FedEx To Cut Costs To Combat Slowing Growth
Federal Reserve In Spotlight
Hot Option Plays: Resistance Breached
Sold TC @ $3.44
Stock Trade Ideas For Wednesday June 20
Keep Your Safe Money Safe
Still A Big Divide
Houston Real Estate Market Might Be The Hottest In The Country, As Home Prices Rise To All-Time Highs
Hot Option Plays: Waiting On The Fed
The Trend Trader For ETF Trading On Wednesday, June 20, 2012
The Trend Trader For Stock Trading On Wednesday, June 20, 2012
The Trend Trader For Forex Trading On Wednesday, June 20, 2012
The Trend Trader For Futures Trading On Wednesday, June 20, 2012

FedEx To Cut Costs To Combat Slowing Growth

Posted: 19 Jun 2012 04:00 PM PDT

06/19/12 FedEx plans to announce cost reductions as slowing global growth pressures profits. The company’s outlook disappointed, coming in below Wall Street … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Federal Reserve In Spotlight

Posted: 19 Jun 2012 10:20 AM PDT

06/19/12 The conclusion of the FOMC’s two-day meeting will take place on Wednesday. The Fed’s rate decision, economic forecasts and Bernanke’s press conference highlight the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Resistance Breached

Posted: 19 Jun 2012 03:14 PM PDT

Cusick’s Corner 06-19-2012
Resistance breached but not held. There was a lot of noise in the After Hours, most of it was denied and then discounted (referring to late day headlines that EFSF/ESM was set to buy Sovereign Debt, only to have Germans deny it) and then the market finished right at resistance, 1350 on the S&Ps. This puts the FOMC right in the limelight and anything that’s short of a QE3-type announcement could be a big disappointment to the recent crop of bulls. If the news … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sold TC @ $3.44

Posted: 19 Jun 2012 02:25 PM PDT

Last weekend I figured out I would be away from my computer every morning this week while the stock market was trading, as I had volunteered to take care of 2 year olds at my church’s week long Vacation Bible School. I had sold my NUGT position near the close last Friday and began to think I wasn’t too enamored with my position in Thompson Creek Metals Company Inc (NYSE:TC) – mostly, I guess because I was annoyed with myself for buying it too soon when I really knew better.

So I put in a gtc … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Trade Ideas For Wednesday June 20

Posted: 19 Jun 2012 02:23 PM PDT

( click to enlarge )

Momentum picking up with stochastics climbing and RSI rising. The short-term outlook for Zynga Inc (ZNGA) appears positive. The current rally should at least push the stock to 6.36 per share where the major resistance is. The stock needs to close above this level to indicate a continuation of the rally off this month's low. If this rally fails, there's downside risk to support around 5.51.

( click to enlarge )

Camelot Information Systems Inc … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Keep Your Safe Money Safe

Posted: 19 Jun 2012 02:00 PM PDT

06/19/12 The low interest rate environment continues to pose a challenge for savers and investors. Finding yield is difficult, so how to approach this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still A Big Divide

Posted: 19 Jun 2012 01:50 PM PDT

Although the gap narrowed somewhat during the late-Spring selloff, the divergence between equity and credit markets has grown once again because the recent rebound in share prices has not been matched by a comparable move in credit spreads. That suggests fixed-income traders remain much less sanguine about the economic outlook than their stock market peers.

While it is possible that the latter group are ahead of the curve, the history of the past decade or so suggests that is not the case. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Houston Real Estate Market Might Be The Hottest In The Country, As Home Prices Rise To All-Time Highs

Posted: 19 Jun 2012 01:25 PM PDT

Houston Association of Realtors — “Houston home shoppers went on a buying spree in May, sending sales volume and pricing through the roof and accounting for the 12th consecutive month of positive sales. Average and median prices broke records while volume of sales reached the highest level since June 2008. Local housing inventory is now at its lowest level in more than five years.

May sales of single-family homes soared 23.8 percent versus one year earlier. That marks the biggest monthly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Waiting On The Fed

Posted: 19 Jun 2012 01:15 PM PDT

Cusick’s Corner 06-19-2012
The market is returning to resistance levels, 1350 on the S&Ps, and how much it can hold on at these levels may be important in determining how much more upside it potentially has left at this stage. The Fed’s comments tomorrow could weigh on any move. The Housing data came in line on starts but was much better on the permits side, which as I noted last night, could be a better catalyst to watch. Homebuilders are leading post the data, XHB +1.65%. See you After … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards