DailyMarkets.com - Hot Option Plays: Squeeze In Play

Hot Option Plays: Squeeze In Play
Hot Option Plays: Will The Doves Fly?
Climate Change Stunner: U.S. Leads The World In CO2 Redcutions Since 2006, Thanks To Natural Gas
Thieves Expand Their Horizons, Yet Again
Top 400 Taxpayers Paid Almost As Much In Federal Income Taxes In 2009 As The Entire Bottom 50%
Significant Turnover In The Top 400 U.S. Earners; From 1992-2009, 85% Were In Just 1 Or 2 Years
Stocks Predict Presidential Elections @ 88%
The Trend Trader For Forex Trading On Thursday, June 7, 2012
The Trend Trader For Futures Trading On Thursday, June 7, 2012
The Trend Trader For Stock Trading On Thursday, June 7, 2012
The Trend Trader For ETF Trading On Thursday, June 7, 2012

Posted: 06 Jun 2012 05:50 PM PDT

Cusick’s Corner 06-06-2012
Context — that is what a lot of traders are looking for in the market today but most likely will not get anytime soon. There is plenty of conjecture about ECB intervention and QE which has a squeeze in play but I do not see this as anything more than an oversold bounce in a downtrend. There does not seem to be enough volume for this upside move to create much conviction at this stage, but this has put the squeeze on the shorts. Traders need to be disciplined both on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Will The Doves Fly?

Posted: 06 Jun 2012 05:50 PM PDT

Cusick’s Corner 06-06-2012
The market rallied and held, finishing the day above the 200-day moving averages. While the offensive sectors, XLK, XLE, XLF, XLY, XLI, all finished the day up +2%, this was in pace with the S&P benchmark — so the move was positive but tempered. I still will treat this move as an oversold bounce until the overall downtrend is broken, breaking through 1340 on the S&Ps would make me more of a potential believer. Overnight the futures markets could move based on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Climate Change Stunner: U.S. Leads The World In CO2 Redcutions Since 2006, Thanks To Natural Gas

Posted: 06 Jun 2012 05:47 PM PDT

The Vancouver Observer reports:

“The Americans? Really? Every year the International Energy Agency (IEA) calculates humanity’s CO2 pollution from burning fossil fuels. And once again, the overall story line is one of ever-increasing emissions:
“Global carbon-dioxide emissions from fossil-fuel combustion reached a record high of 31.6 gigatons in 2011.”
The world has yet to figure out how to stop the relentless increase in climate pollution. But mixed in with all the bad news there was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thieves Expand Their Horizons, Yet Again

Posted: 06 Jun 2012 03:17 PM PDT

Time for the latest installment of “If we’re in a recovery, why are people stealing everything that isn’t nailed down?” As I’ve noted previously — here, here, and here, for example — the past few years have seen a notable uptick in the breadth and depth of unusual items that have been targeted by thieves. As the following reports suggest, that trend seems to be continuing, unabated:
Cosmetics
“Pair Accused of Pocketing, Reselling $20K in Perfume, Cosmetics” (Washington Post)
The young women … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Top 400 Taxpayers Paid Almost As Much In Federal Income Taxes In 2009 As The Entire Bottom 50%

Posted: 06 Jun 2012 02:39 PM PDT

We hear all the time that the “rich don’t pay their fair share of taxes” (123,000 Google search results for that phrase). Here’s an analysis using recent IRS data that suggests otherwise.

1. In 2009, the top 400 taxpayers based on Adjusted Gross Income earned $81 billion as a group, and paid $16.1 billion in federal income taxes (see chart above).

2. In 2009, the bottom 50% of taxpayers, a group totaling 69 million, earned collectively more than $1 trillion and paid $19.5 billion in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Significant Turnover In The Top 400 U.S. Earners; From 1992-2009, 85% Were In Just 1 Or 2 Years

Posted: 06 Jun 2012 12:26 PM PDT

Number of Years in Top 400
Number of Taxpayers in Group
Percent of Taxpayers Represented by Each Group
Number of Returns in total Top 400 over 18-year Period
Percent of Returns Represented by Each Group

1
2,824
72.99%
2,824
39.22%

2
458
11.84
916
12.72

3
181
4.68
543
7.54

4
113
2.92
452
6.26

5
67
1.73
335
4.65

6
55
1.42
330
4.58

7
37
0.96
259
3.6

8
29
0.75
232
3.22

9
18
0.47
162
2.55

10 or more
87
2.25
1,147
15.93

Total
3,869
100%
7,200
100%

The IRS has a new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Predict Presidential Elections @ 88%

Posted: 06 Jun 2012 11:04 AM PDT

The chart above displays the S&P 500 Index and Intrade odds for Obama to be re-elected, on a daily basis back to December 2010. The two series have moved pretty closely together over the last 18 months, with a correlation coefficient of 0.78.

Business Insider featured a similar graph as its Chart of the Day on Monday (ht/Craig Newmark), and also linked to this article about the relationship between the stock market and presidential elections, featuring Sam Stovall, chief investment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards