Thursday, June 21, 2012

DailyMarkets.com - Hot Option Plays: Tough One To Watch

DailyMarkets.com - Hot Option Plays: Tough One To Watch

Hot Option Plays: Tough One To Watch

Posted: 21 Jun 2012 04:33 PM PDT

Cusick’s Corner 06-21-2012
Defense is in play today but the rapid drop caught many traders off guard and by end of day had wiped out 38% of the rally off the June 4th lows. We could see an attempt to bounce into the overnight trade and into the AM but that could be just weak shorts taking profits. It is clearer after today’s action that we are in a confirmed trend down. The bid could pop in at 1310, 50% retracement of this month’s rally, but the market will stress if there’s a break of 1300, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swype It, Don’t Type It

Posted: 21 Jun 2012 03:58 PM PDT

06/21/12 The latest version of the Swype virtual keyboard takes automatic learning to a whole new level. Nuance Communication’s “living keyboard” learns from its users to create a more customized … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

9 Items To Move Or Get Rid Of When Your Home Is Up For Sale

Posted: 21 Jun 2012 03:28 PM PDT

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


Quiet End To Week? Not Quite

Posted: 21 Jun 2012 10:20 AM PDT

06/21/12 The US economic calendar is empty on Friday. Global market reaction to Moody’s downgrade of 15 investment banks will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Trade Setups To Keep On Your Trading Watch List

Posted: 21 Jun 2012 03:15 PM PDT

   ( click to enlarge )

Back on May 8th, I made Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) my stock pick. Here is the link to my post ” ARNA has a lot of upside potential, so watch the stock closely “  and here is a chart of ARNA after I made it my stock pick. This stock is up some 450% over the last two months, and it could go higher yet if sentiment holds. ARNA is overextended to the upside and signficantly overbought, so we cannot rule out a pull back, but at the same time it can … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Plummets To Post 250 Point Loss

Posted: 21 Jun 2012 09:00 AM PDT

06/21/12 The Dow Jones took a heavy hit Thursday following weak economic reports, more issues in Europe and a dire warning from Goldman … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Three Charts, One Word

Posted: 21 Jun 2012 01:50 PM PDT

Household income data continues to disappoint (except for the already well-to-do) –

(From “The Housing Recovery: Based on What?” Of Two Minds)
People are increasingly disappointed with U.S. institutions –

(From “Losing Faith in American Institutions,” Economix)
and retirement prospects look ever more disappointing by the day –

(From “Half of Current Workers Won’t Be Able to Retire at 65,” The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Another Twist – “Please, Sir, I Want Some More”

Posted: 21 Jun 2012 01:25 PM PDT

Cusick’s Corner 06-20-2012
Here’s an interpretation of the Fed Chief’s comments–the current situation, while not as good as hoped, needs to get worse before the Fed ramps up any further balance sheet deployment. The reaction has been muted but the tension in the market is palatable. So while the reaction in the equity markets as a whole has been dampened, two sectors reacted negatively — REITs, RWR, and Energy, XLE. Energy could be a reaction to an increase in supply, plus continued US data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bears Show Conviction

Posted: 21 Jun 2012 01:24 PM PDT

Cusick’s Corner 06-21-2012
As I mentioned yesterday, “the tension in the market is palatable”, and now the longs do not like the taste of this sandwich. The metals, GLD, SLV, XME, lead the downside and now equities, SPY, QQQ, are following. It also became clear that the Fed will be holding off until the EU firms up or the wheels fall off the economy, which I am not insinuating that at all, so the QE fans should quit holding their breath. Volatility is up ~9% and if you have long prospects that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Video That Led To UVa President’s Departure

Posted: 21 Jun 2012 12:43 PM PDT

The video above features a  talk by former Stanford professor Sebastian Thrun, co-founder of the new, low-cost (mostly free) online university Udacity, originally appeared on CD in January.  It was this video that was partly responsible for the downfall of President Theresa Sullivan at U-Va:

From today’s Chronicle of Higher Education (subscription required):

“In the weeks leading up to the resignation of Teresa A. Sullivan, president of the University of Virginia, the leaders of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – June 21, 2012

Posted: 21 Jun 2012 12:09 PM PDT

    Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list. The list is updated during the day with the latest news about central banks so readers don’t miss any important developments.

    If you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

 Auditors: Spain’s banks may need up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Turkey Keeps Rates Steady, Monitors Economy Closely

Posted: 21 Jun 2012 11:49 AM PDT

    Turkey’s central bank kept its policy rate unchanged but is closely monitoring the economy during the current global uncertainties and will adjust funding to banks as needed.
    In a statement following a meeting of the bank’s Monetary Policy Committee, the Central Bank of the Republic of Turkey said leading indicators suggested that domestic demand had recovered in the second quarter and exports continued to grow despite the weakening global outlook.

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

Democratic Congressman Jarel Polis Schools DEA Agent Over Marijuana During Congressional Hearing

Posted: 21 Jun 2012 11:21 AM PDT

DEA official can’t answer the questions: Are crack cocaine, heroin, and meth worse than marijuana? 
 

From Andrew Kirwell in Mediaite.com: “Congressman Jared Polis (D-CO) made drug reformers proud on Wednesday when he went after Drug Enforcement Administration official Michele Leonhart during a hearing on DEA oversight. Polis refused to allow Leonhart to get away with half-answering questions about the relative health impact of marijuana versus other drugs. 

Rep. Polis is an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Meyers: “Downward Momentum…weak Data, S&P 500 Forecast Cut”

Posted: 21 Jun 2012 10:56 AM PDT

06/21/12 DME Securities’ Warren P. Meyers weighs in on the FOMC, ECB and the latest global economic data releases. The latest data disappointed to the downside, adding pressure to US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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