DailyMarkets.com - Hot Option Plays: Nice Pop On Low Volume

Hot Option Plays: Nice Pop On Low Volume
Corn Crops Seek Relief From Drought
US Factory Orders, Motor Vehicle Sales On Tap
Stocks Slightly Slips As Manufacturing Contracts
Five Stocks To Keep An Eye On
Back To The Past
CoreLogic Home Price Index Rises In May
Busy Intersection: No Traffic Lights V. Traffic Lights
Unmasking The Asian Giant
Hot Option Plays: Need A Break
Guilfoyle: “ECB Rate Cut Expected, US Focus On Jobs Report”
Mitt Romney And The New Gilded Age
Online Job Demand Rises In June; Both Total Ads And New Ads Reach New Monthly Record Highs
ISM Reports Slowdown In Manufacturing
Glenn Reynolds On The History And State Of The Blogosphere, The Higher Education Bubble, Etc.
Markets In Everything: Cellphone Escape Services
The Trend Trader For Stock Trading On Tuesday, July 3, 2012
The Trend Trader For ETF Trading On Tuesday, July 3, 2012
The Trend Trader For Futures Trading On Tuesday, July 3, 2012
The Trend Trader For Forex Trading On Tuesday, July 3, 2012

Hot Option Plays: Nice Pop On Low Volume

Posted: 02 Jul 2012 05:12 PM PDT

Cusick’s Corner 07-02-2012
Today was a nice, pre-holiday, light-volume rally, and that is how I am looking at this latest move to the upside. The data, ISM, keeps coming this week, preventing me from trading with total conviction. It might seem like I am talking about more cautious trading before the holiday — well, I am. There continues to be weak data and we are coming up on earnings and if there are revisions on that front, the bulls might have their work cut out for themselves. Overnight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Corn Crops Seek Relief From Drought

Posted: 02 Jul 2012 03:50 PM PDT

07/02/12 The corn belt has been hit by hot and arid weather conditions. Prices of corn are soaring, along with soybean and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Factory Orders, Motor Vehicle Sales On Tap

Posted: 02 Jul 2012 10:20 AM PDT

07/02/12 Tuesday’s trading session will be a shortened one, ahead of Independence Day. A smattering of global economic data will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Slightly Slips As Manufacturing Contracts

Posted: 02 Jul 2012 09:00 AM PDT

07/02/12 Stocks saw a slight decline Monday on data that showed that US manufacturing activity dropped into contraction territory for the first time in three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Five Stocks To Keep An Eye On

Posted: 02 Jul 2012 01:53 PM PDT

( click to enlarge )

Starting with Sprint Nextel Corporation (NYSE:S), on the daily chart the present uptrend is getting confirmed as the days go on. The technical daily chart above shows the stock is ready for major rally as 50-day moving average has just crossed on top over 200-day moving average to form Goldnen Cross, a very bullish signal. Additionally, the MACD shows a positive sign as MACD and signal line are above 0. Additonally, the accumul/distrib indicator shows a marked … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Back To The Past

Posted: 02 Jul 2012 01:39 PM PDT

Following this morning’s “unexpectedly” weak June Institute for Supply Management report, we now have manufacturing PMI readings for key economic zones — Europe, China, Japan, and the U.S. — sitting below the levels that prevailed at the start of the 2007 recession.

While that doesn’t necessarily mean we are headed for another synchronized global downturn, it does suggest that now is not the time to be thinking like some clueless equity trader or Wall Street … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CoreLogic Home Price Index Rises In May

Posted: 02 Jul 2012 01:19 PM PDT

CoreLogic released its Home Price Index (HPI) report today for May, with the following positive news about the U.S. real estate market:

“Home prices nationwide, including distressed sales, increased on a year-over-year basis by 2.0 percent in May 2012 compared to May 2011 (see red line in chart above). On a month-over-month basis, home prices, including distressed sales, also increased by 1.8 percent in May 2012 compared to April 2012. The May 2012 figures mark the third consecutive increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Busy Intersection: No Traffic Lights V. Traffic Lights

Posted: 02 Jul 2012 12:42 PM PDT

The video above shows the same intersection in Auckland, New Zealand at the same time of day. The video on the left shows the traffic moving through the intersection without traffic signals following a power outage, and the video on the right show traffic the next day after power was restored and the traffic lights were working again.

HT: Jake W.

Related quote from Dylan Brice: “Developments in traffic engineering show that measures aimed at making roads safer (such as road … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unmasking The Asian Giant

Posted: 02 Jul 2012 11:30 AM PDT

Chinese operas have been keeping audiences enthralled for hundreds of years with mythical characters, enchanting stories and elaborate masks that add drama and mystery. While this fantastical treatment is appreciated in the theatre, it isn't in global markets. Investors don't like mystery—think of how uncertainty has spooked markets in recent years.
Global investors are rarely privy to every detail about the economy; that's why it's necessary to rely on multiple data and research to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Need A Break

Posted: 02 Jul 2012 11:20 AM PDT

Cusick’s Corner 07-02-2012
With the July 4th holiday upon us, the grinding action is not a surprise. The market open, after an active overnight session, gave no tell to the bears or bulls. Some bulls might be waiting for the market to come back to them and then jump, i.e. market might move to the 200-Day SMA, but some bears might be looking to fail and break that level. I am continuing to watch the Retail sector, XRT, it’s right at resistance of $59.40, and with a decent amount of economic data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: “ECB Rate Cut Expected, US Focus On Jobs Report”

Posted: 02 Jul 2012 11:20 AM PDT

07/02/12 Meridian Equity Partners’ Stephen Guilfoyle discusses global manufacturing data, this week’s ECB rate decision and US jobs report, and event risk for the rest of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mitt Romney And The New Gilded Age

Posted: 02 Jul 2012 11:10 AM PDT

Here's a link to my original piece in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Online Job Demand Rises In June; Both Total Ads And New Ads Reach New Monthly Record Highs

Posted: 02 Jul 2012 08:15 AM PDT

From today’s Conference Board report on online labor demand:

“Online advertised vacancies rose 232,000 in June to 4,947,100, according to the Conference Board’s Help Wanted OnLine (HWOL) Index. Following little growth in the first two months of the second quarter, June closed out the quarter with a strong gain. The Supply/Demand rate stands at 2.7 unemployed for every vacancy.

"Online labor demand in the first half of 2012 increased by an average of 104,000 per month, but about one-third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ISM Reports Slowdown In Manufacturing

Posted: 02 Jul 2012 07:26 AM PDT

Today’s ISM report suggests that economic activity in the U.S. manufacturing sector contracted slightly in June, as the overall ISM manufacturing index (PMI) fell below 50 for the first time since July 2009 (see chart above). However, the direction of both the “manufacturing production” and the “manufacturing employment” sub-indexes are still considered to be “growing” according to the ISM, although both are now listed as “slowing” for the “rate of change.” Based on today’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glenn Reynolds On The History And State Of The Blogosphere, The Higher Education Bubble, Etc.

Posted: 02 Jul 2012 06:16 AM PDT

Watch Ed Driscoll’s Silicon Graffiti video interview with Glenn Reynolds on the history and state of the blogosphere, and the higher education bubble (featuring a “scary-ass” CD … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Cellphone Escape Services

Posted: 02 Jul 2012 05:55 AM PDT

Trying to make an early exit from your 2-year cell phone contract without paying the $150-200 early termination fee? Now there are online cellular exchange websites that match cellular subscribers, a seller who wants to get out of a contract early and a buyer who is willing to take over the contract. Cell phone service providers apparently allow a contract to be transferred without charging an early cancellation fee, and these services facilitate those transfers by matching buyers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards