DailyMarkets.com - Hot Option Plays: Fed Takes No New Steps

Hot Option Plays: Fed Takes No New Steps
US Auto Sales Move Along In July
5 Stocks To Watch For Thursday
Wall Street Ends Lower Post-Fed
Different Vantage Points…
All Eyes On ECB And Draghi
More On Why So Many Empty Olympics Seats
Fed Holds Rate But Ready To Provide Stimulus If Needed
Guilfoyle: “ECB…much Bigger Fish This Week”
Oil Gains On Surprise Supply Drop
Hot Option Plays: Fed Watch
Contrarian Value: Bill Miller’s Investment Approach
The Trend Trader For ETF Trading On Thursday, August 2, 2012
The Trend Trader For Stock Trading On Thursday, August 2, 2012
The Trend Trader For Forex Trading On Thursday, August 2, 2012
The Trend Trader For Futures Trading On Thursday, August 2, 2012

Hot Option Plays: Fed Takes No New Steps

Posted: 01 Aug 2012 05:09 PM PDT

Cusick’s Corner 08-01-2012
I was just on my way to the airport and saw a motorcyclist dump her bike, thankful that she wore a helmet and was ok — it really puts things into perspective. As far as the markets are concerned, the Fed did focus on some key issues — making some hawkish statements on housing, but really putting the ECB in the spotlight. Basically waiting for their announcement before any concrete actions until they layout their plan. So expect some volatility early in the morning. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Auto Sales Move Along In July

Posted: 01 Aug 2012 03:07 PM PDT

08/01/12 US auto sales for July were a mixed bag. Ford Motor and GM reported sales that missed estimates, although Chrysler’s results rose but missed estimates. Japanese automakers posted a surge in … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

5 Stocks To Watch For Thursday

Posted: 01 Aug 2012 02:56 PM PDT

( click to enlarge )

The stock on the spotlight today is InterDigital, Inc. (NASDAQ:IDCC). The stock surged more than 14% or $3.88 to 31.88 per share at six times average volume after court rules Nokia violated its patents. I alerted my twitter followers at $27.50 this morning before the spike. From a technical standpoint the stock broke an important resistance at $30 on heavy volume. This means there is more upside. The decline over the last few weeks occurred on lower volume and the stock is … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Wall Street Ends Lower Post-Fed

Posted: 01 Aug 2012 02:01 PM PDT

08/01/12 US stocks ended a volatile session with a modest loss. The FOMC introduced no new action boosting the USD and dragging on … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Different Vantage Points…

Posted: 01 Aug 2012 01:37 PM PDT

…but similar perspectives:
The small businessman (via WTSP.com):
“What we see is that people aren’t spending as much as they used to,” [athletic gear store owner Jeff Pape] said. “People that might have come into the store and spent $150 or $200 on stuff are now backing off to $60 or $70.
To Pape, there’s no mystery why.
“People that had jobs that were making $100,000 or $150,000, are now making $40,000 or $50,000, and that has to affect their spending,” he said.
That in turn affects Pape … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

All Eyes On ECB And Draghi

Posted: 01 Aug 2012 07:52 AM PDT

08/01/12 The European Central Bank rate announcement and Mario Draghi’s comments at the accompany press conference will dominate Thursday’s … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

More On Why So Many Empty Olympics Seats

Posted: 01 Aug 2012 11:51 AM PDT

A few days back, I suggested that maybe if the London police weren’t arresting so many people for “ticket scalping,” entering into voluntary ticket transactions, perhaps there wouldn’t be so many empty seats at the Olympics.

Tim Worstall provides some related commentary in the Forbes article titled “Of course there are empty Olympic seats: our Victorian government is arresting anyone who tries to sell them,” here’s an excerpt:

“Think it through for a moment. There are some people over here … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Fed Holds Rate But Ready To Provide Stimulus If Needed

Posted: 01 Aug 2012 11:44 AM PDT

The U.S. Federal Reserve kept its ultra-low benchmark federal funds rate unchanged, as expected, and repeated that it expected to keep the rate at “exceptionally low levels” at least through 2014, dashing the hopes of some that hoped it would to extend the period to 2015.
But the U.S. central bank firmed up its statement about its readiness to boost the economy further, signaling that it is now ready to move ahead with stimulus measures if required.
In … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Guilfoyle: “ECB…much Bigger Fish This Week”

Posted: 01 Aug 2012 06:40 AM PDT

08/01/12 Meridian Equity Partner’s Stephen Guilfoyle discusses expectations for the global central banks and the volatile start to the the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil Gains On Surprise Supply Drop

Posted: 01 Aug 2012 06:28 AM PDT

08/01/12 Crude oil advanced after US inventories slid the most in seven months. The EIA reported that crude oil inventories fell 6.5 million bbl in the week ended July … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Fed Watch

Posted: 01 Aug 2012 11:21 AM PDT

Cusick’s Corner 08-01-2012
It looks as though many traders might be sitting on their hands, awaiting the FOMC statement. There is now pressure on the Fed; the statements last week have been a catalyst for the market, S&Ps +9%. Energy markets, XLE, continue to be catalyzed on multiple fronts before the Fed, with the draw on the Inventories in the Crude markets, USO, much greater than anticipated. There also is escalating fighting in Syria which continues to pressure the Energy markets to the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Contrarian Value: Bill Miller’s Investment Approach

Posted: 01 Aug 2012 08:26 AM PDT

In brief
Bill Miller is co-founder and current chairman of US investment group Legg Mason Capital Management. He rose to prominence during the 2000s for consistently beating the US stock market with a blend of contrarian value and growth strategies.
Background
Miller and his partner Ernie Kiehne set up Legg Mason Capital Management and served as portfolio managers of the Legg Mason Capital Management Value Trust from its start in 1982 until Miller took the reigns as manager in … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards