Friday, July 20, 2012

DailyMarkets.com - Hot Option Plays: Markets Under Pressure

DailyMarkets.com - Hot Option Plays: Markets Under Pressure

Hot Option Plays: Markets Under Pressure

Posted: 20 Jul 2012 11:34 AM PDT

Cusick’s Corner 07-20-2012
There was no expiration pop on the open, or at least a challenge to resistance of mid 1370s on the S&Ps that I mentioned in Thursday’s commentary. Yesterday’s close and overnight action did at first set an indecisive tone — SPY finished with a doji and then the overnight markets challenged to the downside. This action continued into the Midday and the biggest underperformers on this expiration Friday are Finance, XLF, Industrials, XLI, and Tech, QQQ/XLK, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valdes: “Very Light Volume, Can’t Put Too Much Into It”

Posted: 20 Jul 2012 11:01 AM PDT

07/20/12 DME Securities’ Alan Valdes weighs in on today’s decline in US equity markets, and the implications of the latest global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cocoa Prices Still Weak As European Woes Curtails Demand

Posted: 20 Jul 2012 08:23 AM PDT

Friday, July 20, 2012
Cocoa prices look range bound, as weak European demand is being offset somewhat by fears that an El Nino weather event will affect production going into the end of 2012. Liquidation selling by weak longs may occur unless near-term demand fundamentals begin to improve.
Fundamentals
Continued economic struggles out of Europe are affecting the price outlook for many commodities, even those like Cocoa, which on the surface have rather bullish supply fundamentals. The market is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

N. Dakota Leads U.S. With 2.9% June Jobeless Rate

Posted: 20 Jul 2012 08:19 AM PDT

While the overall U.S. labor market struggles through another jobless recovery with 41 straight months of unemployment above 8% starting in February 2009 (see chart), the state of North Dakota provides a remarkable contrast.  The BLS released data today on regional and state employment, and reported that the jobless rate in the Peace Garden State fell again to a four-year low of 2.9% in June, the lowest rate there in more than four years (see chart).  Once again, the June jobless … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Dips Lower On EU Woes

Posted: 20 Jul 2012 03:16 AM PDT

07/20/12 Stocks slid on worries about Spain’s economy.
Earnings results were mixed, with GE and Microsoft missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Slips To Trade Near $91 As Investors Remain Risk Averse

Posted: 20 Jul 2012 03:12 AM PDT

07/20/12 Front month crude prices took a slight dive Friday afternoon as EU debt crisis concerns kept investors away from higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Lower Amid EU Worries

Posted: 20 Jul 2012 07:59 AM PDT

07/20/12 Concerns about Spain’s economy helped drive stocks lower Friday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mexico Keeps Interest Rate Steady At 4.50%

Posted: 20 Jul 2012 07:30 AM PDT

    Mexico's central bank kept its benchmark overnight lending rate unchanged at 4.50 percent, as expected, striking a balance between upside risks to inflation from higher agricultural prices against downside risks from a weaker global economy.
    "The Governing Board considers that the current stance of monetary policy is conducive to achieving the goal of permanent inflation of 3 percent," Banco de Mexico said in a statement.
    The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Barclays Libor Scandal: Wake Up, America!!

Posted: 20 Jul 2012 07:24 AM PDT

We are losing our nation and our future literally right before our eyes. WAKE UP, America!!
Who is involved in the greatest theft ever undertaken on American soil? All those involved in the scheme and scandal collectively defined as financial regulatory capture. Who are the parties to this scandal?
1. Politicians more concerned with re-election and collecting the needed campaign funding than actually pursuing the truth and principles needed to protect investors and the public at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

15-Year-Old Improves Pancreatic Cancer Test

Posted: 20 Jul 2012 06:20 AM PDT

 
Make: — “Maryland teenager Jack Andraka (featured in the video above) isn't old enough to drive yet, but he's just pioneered a new, improved test for diagnosing pancreatic cancer that is 90% accurate, 400 times more sensitive, and 26,000 times less expensive than existing methods. 

When Andraka had solidified ideas for his novel paper sensor, he wrote out his procedure, timeline, and budget, and emailed 200 professors at research institutes. He got 199 rejections and one … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Energy Fact Of The Day

Posted: 20 Jul 2012 06:09 AM PDT

INFORUM — “At the end of May, North Dakota had 336 idle wells that had been drilled but were waiting for fracking crews.”

MP: Employment in North Dakota’s oil industry has more than quadrupled since 2008 (see chart above), but it looks like the increases in employment haven’t been keeping up with the increased demand for fracking workers, resulting in hundreds of idle wells.  Given enough time for the supply of workers to catch up to the rising demand, we can look for continued … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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