DailyMarkets.com - Hot Option Plays: Tight Range And Advance Continues

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• Hot Option Plays: Tight Range And Advance Continues
• Graphing The Huge, Exponential Bakken Boom
• Another Planet
• Stock Picks For Thursday August 16
• Stocks End Flat For Second Session
• Jobless Claims, Wal-Mart Earnings On Tap
• Quotation Of The Day
• Homebuilder Confidence Highest February 2007, Homebuilder Stock Index Highest Since April 2008
• Heller: “Unless There’s Big News, Confined To Tight Ranges”
• Hot Option Plays: Popping The Clutch
• Oil Turns Higher On EIA Data
• AAPL Trade Considerations For Option Expiration Week

Hot Option Plays: Tight Range And Advance Continues Posted: 15 Aug 2012 03:15 PM PDT Cusick’s Corner 08-15-2012 The grind continues in the equities, but Middle East headlines continue to catalyze the energy markets. Crude and Nat Gas have a supported bid and these were the two markets that were on my radar all day. If you have August positions, get them cleaned up tomorrow. See you Midday. Stocks finished mixed on another day of quiet trading. The underlying tone was a bit cautious early after a report showed NY Empire Index falling -5.9 in August. Economists were expecting the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Graphing The Huge, Exponential Bakken Boom Posted: 15 Aug 2012 03:15 PM PDT The chart above shows just how important the Bakken region of North Dakota has been to the state’s exponential growth in oil production over the last six years.  As a direct result of fracking unconventional shale oil in the Bakken, North Dakota went from the fifth-largest oil producing state in 2007 to the second-largest oil producing state this year, after surpassing Oklahoma in 2008, and then both California and Alaska this year.  It’s amazing how just one oil field in western … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Another Planet Posted: 15 Aug 2012 02:38 PM PDT Question: How can anybody read the following reports and honestly conclude that a consumer recovery is on the horizon? “U.S. Economic Confidence Remains Lower” (Gallup) The majority of Americans continue to say the economy is getting worse Gallup’s Economic Confidence Index was -27 for the week ending Aug. 12, similar to the -26 the week prior and little changed from the previous eight weeks, during which it has hovered within a narrow range of -29 to -23. “Poll: Optimism On The Economy Drops” … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stock Picks For Thursday August 16 Posted: 15 Aug 2012 02:34 PM PDT ( click to enlarge ) Jefferies Group, Inc. (NYSE:JEF) is currently trading in a tight flag and is certainly worth watching on a break of the flag. Fresh buy should be initiated only when the stock moves above $13.50  ( click to enlarge ) InterDigital, Inc.(NASDAQ:IDCC) made a nice upside reversal today. The technical chart above suggests that stock might find now resistance at $33.08. Only a close above this level would suggest further upside. Both RSI & MACD are bullish as the MACD … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks End Flat For Second Session Posted: 15 Aug 2012 02:33 PM PDT 08/15/12 US stocks settled mixed with the Dow and S&P 500 closing nearly flat on the session. Cisco shares traded higher in after-hours trade, after posting quarterly earnings topped … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Jobless Claims, Wal-Mart Earnings On Tap Posted: 15 Aug 2012 12:52 PM PDT 08/15/12 US jobs data and earnings from retailers will crowd the calendar on Thursday. Housing and regional manufacturing data are also scheduled for … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Quotation Of The Day Posted: 15 Aug 2012 12:24 PM PDT “Why are peak oil-ers like Jehovah's Witnesses? Answer: When the definitive JW prediction of the 'Day of Wrath' failed in 1914, they did what false prophets have done in every generation: shifted the goalposts (to 1975 in the case of JW's—and wrong again). It's what false prophets do to save face, enabling them to keep fleecing the inherently gullible. Peak-oilers do likewise. Having written their headline-grabbing, money-making blockbusters predicting the imminent collapse of an … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Homebuilder Confidence Highest February 2007, Homebuilder Stock Index Highest Since April 2008 Posted: 15 Aug 2012 12:00 PM PDT 1. From today’s report on builder confidence from the NAHB:  “Builder confidence in the market for newly built, single-family homes improved for a fourth consecutive month in August with a two-point gain to 37 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This gain builds on a six-point increase in July and brings the index to its highest level since February of 2007 (see chart above).” "From the builder's perspective, current sales … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Heller: “Unless There’s Big News, Confined To Tight Ranges” Posted: 15 Aug 2012 11:56 AM PDT 08/15/12 OnPoint Executions’ Bobby Heller weighs in on central bank stimulus expectations, the latest economic data releases and soft commodity … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Popping The Clutch Posted: 15 Aug 2012 11:11 AM PDT Cusick’s Corner 08-15-2012 This market action reminds me of the days when I had to push my car down a hill, jump back in, pop the clutch and fire the engine up. In other words this market has run 11%, and in the face of mixed data and earnings it is holding up well. This establishes that the longer term trend is up and still intact. This strength is also showing up in the Small Caps, IWM, where a break above resistance, $80, is a potential bullish flag. But, like after a long run, one will need … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil Turns Higher On EIA Data Posted: 15 Aug 2012 10:07 AM PDT 08/15/2012 Crude oil gained after a surprise drop in US inventories. The EIA reported a larger-than-expected drawdown in crude stockpiles for the latest … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

AAPL Trade Considerations For Option Expiration Week Posted: 15 Aug 2012 09:00 AM PDT "The girls all get prettier at closing time." ~ Mickey Gilley ~ Option trading is not "just the same as stocks." It turns on the three primal forces ruling an options trader's world- time to expiration, price of the underlying, and implied volatility. As expiration approaches, the forces of time exert their strongest influence of the cycle on a trader's positions. In today's blog, written as August expiration is but a few days away, I want to call attention to some of the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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