Tuesday, June 26, 2012

DailyMarkets.com - Hot Option Plays: Grind Continues

DailyMarkets.com - Hot Option Plays: Grind Continues


Hot Option Plays: Grind Continues

Posted: 26 Jun 2012 04:28 PM PDT

Cusick’s Corner 06-26-2012
As I stated in the midday, expect a choppy trading range and what may add to that choppiness is the window dressing that could start to occur towards the end of the week. The Bears will be monitoring the headlines out of the EU, mostly out of fear. The Bulls, many probably already fearful of the EU, now have to keep an eye on the data out here at home to see if the data parade continues to disappoint — Durable orders are the most notable. I have been paying more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Diminishing Marginal Utility Of Excess Bank Reserves

Posted: 26 Jun 2012 04:15 PM PDT

This is not an argument for more quantitative easing, or QE3, as it would inevitably be called. Instead, this is about the logic of the argument for more quantitative easing. It is intended as a response to the oft-heard argument that more quantitative easing wouldn't stimulate the economy because past quantitative easing hasn't produced the desired results.
The answer is a simple economics concept, the concept of diminishing marginal utility. Other things equal, the more you have of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Zynga Unleashes Gaming Network, New Games

Posted: 26 Jun 2012 03:50 PM PDT

06/26/12 Zynga’s ‘Unleashed’ event showcased the company’s plans for a social gaming network called “Zynga with Friends,” new games, and features for its web … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Durable Goods, EU In Focus

Posted: 26 Jun 2012 10:20 AM PDT

06/26/12 More US housing data will be coming out on Wednesday. Durable goods orders will also be closely watched. Ahead of the EU summit, the Euro zone will remain in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Striving To Increase Security And Peace For Women

Posted: 26 Jun 2012 10:00 AM PDT

06/26/12 Secretary of State Hillary Rodham Clinton discusses the movement to increase security and peace for women at the National Partnership for Women and Families … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks See Modest Gains On Housing

Posted: 26 Jun 2012 09:00 AM PDT

06/26/12 US stocks saw a slight rise Tuesday as Europe’s debt crisis faded into the background on some positive news about … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Trade Setups For Wednesday 27th June 2012

Posted: 26 Jun 2012 01:55 PM PDT

( click to enlarge )

Sprint Nextel Corporation (NYSE:S) Pulled back to breakout area. It could find support here and resume the uptrend. Only a close below $3 would change the short-term outlook to bearish for the stock. The daily chart also shows a golden cross where the 50 day moving average breaks above the 200-day average. 

( click to enlarge )

FormFactor, Inc. (NASDAQ:FORM) – Nice cup and handle formation on the chart, which suggests a further move upwards. Just need to break 6.63 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


A Little Bedtime Reading…

Posted: 26 Jun 2012 01:38 PM PDT

…for those who like nightmares:
“America Is No Longer a Land of Opportunity” (Joseph Stiglitz, Financial Times op-ed)
US inequality is at its highest point for nearly a century. Those at the top – no matter how you slice it – are enjoying a larger share of the national pie; the number below the poverty level is growing. The gap between those with the median income and those at the top is growing, too. The US used to think of itself as a middle-class country – but this is no longer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Waiting For EU

Posted: 26 Jun 2012 01:27 PM PDT

Cusick’s Corner 06-26-2012
Similar to yesterday’s commentary — there are a lot of wild cards at this stage (and I hate reiterating this point), the EU has to come out with some sort of big statement or move (doubt the later) to take some of this pressure off the market. And whether it’s a very bold EU Bond (highly doubtful) or EU bank and insurance watchdog, something of that magnitude needs to come out in order for the bid to potentially start to nibble. Until then the choppy range bound … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Heat Wave Threatens Corn Crop

Posted: 26 Jun 2012 01:27 PM PDT

Tuesday, June 26, 2012
Corn futures have been one of the hottest markets lately, sparked by hot, dry weather, which could reduce what was previously expected to be a record crop. The next week to two weeks are going to be very important to the health of the Corn crop, so traders will be closely watching weather conditions. Demand has been relatively soft, and wetter conditions in China could slow export demand from the Asian nation.
Fundamentals
Corn futures have caught fire in recent sessions … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Family Lending: Keep It In The Family?

Posted: 26 Jun 2012 01:10 PM PDT

06/26/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, talks about lending money to friends and family members. The benefits and drawbacks of intrafamily loans are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Investing In Women Is The Key For Success

Posted: 26 Jun 2012 08:00 AM PDT

06/26/12 Secretary of State Hillary Rodham Clinton discusses investment in women at the National Partnership for Women and Families … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


An Ending Made For Gold

Posted: 26 Jun 2012 01:00 PM PDT

Over the past several months, the markets have tested investors' conviction to gold. Since February, the price of the yellow metal has steadily stepped lower, rallying somewhat in May before falling again when Ben Bernanke disappointed by not providing the U.S. with more stimulus. Meanwhile, the dollar gained ground as global investors fled the euro.

In the ongoing eurocrisis, we won't know the details of how Europe will clean up its debt mess for a while, but we're pretty confident the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Polcari: “Chatter All About Thursday, Friday”

Posted: 26 Jun 2012 06:30 AM PDT

06/26/12 ICAP Equities’ Kenneth Polcari talks about Europe, US economic data and the upcoming earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Stays Flat On Investor Caution Over Europe

Posted: 26 Jun 2012 03:00 AM PDT

06/26/12 Front month crude prices were steady Tuesday afternoon as investors remained cautious concerning the ongoing European debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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