Thursday, June 14, 2012

DailyMarkets.com - Hot Option Plays: Banks Supporting Rally

DailyMarkets.com - Hot Option Plays: Banks Supporting Rally


Hot Option Plays: Banks Supporting Rally

Posted: 14 Jun 2012 05:11 PM PDT

Cusick’s Corner 06-14-2012
Financials rally, specifically Banks, KBE, KRE, XLF, are buoying the market and catalyzing a late day push to the highs. Now this is coming on headings that world Central Banks are coordinating some joint venture which was catalyzed this afternoon when Central Bank officials from England and Japan discussed such an activity. While it’s nice to know a little bit about a potential catalyst, it is still all conjecture and does not wipe out the fact that the data is poor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Chile Central Bank Keeps Rate Unchanged At 5 Pct

Posted: 14 Jun 2012 03:22 PM PDT

    The Central Bank of Chile kept its benchmark interest rate unchanged at 5.0 percent for the fifth month running, despite weaker global growth and growing risk aversion in global financial markets.
   ”Internationally, the financial and fiscal problems in the Eurozone continue to intensify, and uncertainty about their resolution has increased,” Banco Central de Chile said following a monthly meeting of its board.
    “Economic indicators in the United … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Quadruple Witching Tops Off The Week

Posted: 14 Jun 2012 03:20 PM PDT

06/14/12 The end of the week will brings a data deluge in the US.
Quadruple witching day could add to volatility, with the contract expiration of stock index futures, stock index options, stock options and single stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Egypt Keeps Key Rate Steady At 9.25 Pct

Posted: 14 Jun 2012 02:58 PM PDT

    The Central Bank of Egypt has kept its key overnight deposit rate unchanged at 9.25 percent and will introduce a 28-day repurchasing agreement (repo) starting next month.

    “Given the balance of risks surrounding the inflation and GDP outlooks and the uncertainty at this juncture, the MPC judges that the current key CBE rates are appropriate,” the CBE said in a statement following a meeting of its monetary policy committee.

    Although the headline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Trade Ideas For Friday June 15

Posted: 14 Jun 2012 02:48 PM PDT

  ( click to enlarge )

As I discussed in my last post about ARNA, I was expecting a pullback today to reset the oscillators and to kill off some the euphoria, but the Bulls exhibited their full control, and recovered all the intra-day losses to close the stock with a small gain. For now, the bulls are still strong and in control on all time frames, short, intermediate and long. The stock is trading well above its key DMAs and both RSI and stochastics are well and deeply in the overbought … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Right Formula For Markets

Posted: 14 Jun 2012 02:45 PM PDT

Last weekend, I had the chance to experience the thrill of Formula 1 Grand Prix du Canada in Montreal. F1 has evolved over the past 60 years to make cars aerodynamic like a jet fighter, design wings that use the same principle as an aircraft, and engineer tires that withstand tremendous forces. Even with all these incredible advancements in technology, rules and regulations have adapted to reduce costs and improve safety. Since 1994, there hasn't been a fatal accident in the motorsport.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The NIghtmare Waiting In The Wings

Posted: 14 Jun 2012 02:27 PM PDT

I know it’s not the sort of thing that people talk about when they are focused on what band-aid-cum-can-kicking “solution” authorities are going to come up with in the next 24 hours, but even if by some miracle they sort out the current round of problems, just look at what’s waiting for us in the wings:
“Treasurers Face $46 Trillion Financing Cliff” (CFO.com)
A massive amount of global corporate debt matures in the next four years, and it's causing treasurers to refocus their efforts on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Vending Machine Pizza

Posted: 14 Jun 2012 02:06 PM PDT

LA Times — “Get ready for Let’s Pizza, a pizza vending machine that promises to deliver a piping hot pizza pie made from scratch in less than three minutes. The pizza arrives in an insulated take-away box. The machine takes cash and credit cards. A 10-inch pizza will sell for about $5.95. Americans can expect to see the new machines at malls, airports, hospitals, restaurants, hotels, supermarkets, universities, gas stations and bus stations.”

Prediction: Obesity Czar Bloomberg will ban … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Big Rally For The Big Board On Greek Hopes

Posted: 14 Jun 2012 02:00 PM PDT

06/14/12 During a wild final hour of trading, US stocks rallied sharply on reports central banks are looking to coordinate and provide liquidity following the Greek … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Uncertainty Weighs On Market

Posted: 14 Jun 2012 12:41 PM PDT

Cusick’s Corner 06-13-2012
Support breaks on headlines — from the Greek election and capital potentially fleeing out on results, Moody’s downgrades, and comments that the upcoming G20 will yield very little in the way of near term solutions. Tomorrow’s action will be potentially impacted early, with the results from the Italian bond offer getting scrutinized and then the Claims data (as noted in the past) — if it starts to push north of 375K, could put pressure on the futures early and put … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Rally Into Quad Witching

Posted: 14 Jun 2012 12:41 PM PDT

Cusick’s Corner 06-14-2012
While the headlines have not improved — Egypt in turmoil again, the data and claims came in worse than expected — the market has mustered the strength to move to the upside, S&Ps up +.82%. While this is a broad based rally, the offensive sectors, XLE, XLF, XLY, XLK, are all lagging the major benchmarks, S&Ps, which does not give the momentum totally to the bulls. This is also a “Quad Witching” expiration, June stock index futures & futures options, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Freelance Nation: The Boom In Online Workers

Posted: 14 Jun 2012 12:25 PM PDT

NY Times — “Global networks make it possible to obtain work anywhere, enabling companies to hire many specialists for specific tasks at fixed amounts. Chances are this is only getting started, and there are profound implications for things as diverse as corporate structure, employment, job skills and even taxation.

On Wednesday, Elance (“Instant Access to Great Talent”), a company that brokers often sophisticated short-term work online, released a survey of its customers' hiring plans. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SF Home Sales Highest For A May Since 2006

Posted: 14 Jun 2012 12:09 PM PDT

LA Times — “The San Francisco Bay Area’s housing market strengthened in May as sales leaped, pricier homes were bought and fewer foreclosures sold. Bay Area sales were at a six-year high for a May last month while sales of homes costing more than $500,000 surged, real estate information firm DataQuick reported.

Sales were up 14.8% from last month and 26.1% from May last year to total 8,810 newly built and previously owned homes sold in the Bay Area last month. The Bay Area median home price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Willis: “Volatility In Markets…sharp Reactions To Cover Positions”

Posted: 14 Jun 2012 11:10 AM PDT

06/14/12 Albert, Fried & Co.’s Ben Willis talks volatility, risk and global fundamentals ahead of the Greek elections and FOMC meeting. Technical levels for the S&P 500 are touched … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GDX – “The Chameleon”

Posted: 14 Jun 2012 11:06 AM PDT

As I have written about the HUI Mining Index recently and been watching the related GDX (Market Vectors Gold Miners ETF) with some intensity, I thought some readers may be interested in an update on the True Strength Index (TSI) indicator status of the current rally. And I hope to share a TSI trick or two along with a revealing characteristic of GDX’s price performance.

So first let’s get to a chart that frames the bigger picture for GDX. The ETF was land-locked within a huge 18 month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Financial Cycle Peaks Coincide With Crises – BIS Paper

Posted: 14 Jun 2012 10:40 AM PDT

    Peaks in financial cycles of 16 years and longer tend to coincide very closely with crises that cause serious economic damage and the virulence of these cycles has increased since the mid-1980s, according to a working paper by economists at the Bank for International Settlements.
    Prior to the global financial crises, economists typically focused on business cycles and believed that interest rates captured the interplay between the financial and real sides of an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro 2012′s Eye In The Sky Is NATO

Posted: 14 Jun 2012 05:30 AM PDT

06/14/12 The Euro 2012 Football Championship has an eye in the sky, but not many would immediately guess that eye is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dividend Achievers – Can The Past Be A Guide To The Future?

Posted: 14 Jun 2012 06:27 AM PDT

Investors are routinely drilled on the risks of extrapolating too much from the past when trying to predict the future performance of a stock – but when it comes to dividends, the past can be a useful guide. Indeed, when dealing with dividends, there are actually very few options when it comes to forecasting what will happen next. 
On one hand, income seekers can track dividend yields – or the ratio of current payouts to current share prices – as a measure of what their cash will buy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Friday, June 15, 2012

Posted: 14 Jun 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, June 15, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0024
+ 0.92
0.9957
0.9846

Bullish

EURUSD – Euro / US Dollar
1.2632
+ 0.61
1.2547
1.2508

Bullish

GBPUSD – British Pound / US Dollar
1.5561
+ 0.37
1.5535
1.5461

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0226
− 0.72
1.0271
1.0309

Bearish

USDCHF – US Dollar / Swiss … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Futures Trading On Friday, June 15, 2012

Posted: 14 Jun 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, June 15, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Sep ESU2
1326.25
+ 1.34
1314.47
1300.17

Bullish

Dow Jones – Sep YMU2
12606
+ 1.42
12478
12298

Bullish

Nasdaq – Sep NQU2
2535.00
+ 0.50
2530.31
2513.33

Bullish

Russell – Sep TFU2
759.40
+ 1.42
753.76
753.67

Bullish

INTEREST RATES

US T-Bond – Sep ZBU2
149-06
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Friday, June 15, 2012

Posted: 14 Jun 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, June 15, 2012

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
111.12
− 0.07
111.04
111.18

Neutral

BND – Vanguard Total Bond Market ETF
84.23
− 0.06
84.19
84.22

Bullish

DBC – DB Commodity Index Tracking Fd
24.90
+ 1.18
24.77
25.11

Neutral

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Stock Trading On Friday, June 15, 2012

Posted: 14 Jun 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, June 15, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.65
+ 2.00
8.51
8.55

Bullish

AXP – American Express Company
55.05
− 0.09
55.48
55.14

Bearish

BA – Boeing Co
71.85
− 0.29
72.00
69.03

Neutral

BAC – Bank of America Corporation
7.66
+ 2.13
7.50
7.44

Bullish

CAT – Caterpillar Inc
85.89
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


One Indicator To Rule Them All – The F-Score

Posted: 14 Jun 2012 04:42 AM PDT

Many stock market traders follow "momentum" strategies that focus on buying stocks in line with the trend in their price movements. Prices have strange but predictable behaviour… a price that has been moving up in the recent past has a strong tendency to continue moving up in the near future. Trend trading has been show in dozens of research papers and in the fortunes of many traders to work incredibly well.
But while traders have developed a legion of indicators, such as relative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dividend Cuts: Are They Always Bad News?

Posted: 14 Jun 2012 04:11 AM PDT

Investors hate dividend cuts or suspensions and companies fear them. There are few actions that CEOs dread more than cutting dividends, which partly explains why they happen so infrequently. In his classic 1956 study on dividend policy, Lintner interviewed corporate managers and found: “a reluctance (common to all companies) to reduce regular rates once established and a consequent conservatism in raising regular rates”.
More recently, a survey in 2005 of payout policies found that 78% of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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