Tuesday, August 21, 2012

DailyMarkets.com - Hot Option Plays: Will The Bulls Be Tested

DailyMarkets.com - Hot Option Plays: Will The Bulls Be Tested

Hot Option Plays: Will The Bulls Be Tested

Posted: 21 Aug 2012 10:13 AM PDT

Cusick’s Corner 08-21-2012
Traders typically see this type of trading action into a holiday, where there’s little activity, low volume, and the market trending to new levels, S&P on the highs for the year. I am still not fading this market but there needs to be some sort of check to test current holders and give an opportunity for new entrants. This commentary is a broken record but I am not going to force the trade. The breakouts in Equities, Metals, GLD/SLV, and Euro, FXE, have me sizing … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

New Crop Beans Hit New Highs

Posted: 21 Aug 2012 10:13 AM PDT

Tuesday, August 21, 2012
Bean traders may wish to focus their attention on the rains this week. If a more significant portion of the Midwest sees rains, there could be modest improvement in crop conditions – perhaps even enough to cool some of the ration buying. Technically, it appears that prices are breaking out, which may be viewed as potentially having a positive impact on prices.
Fundamentals
Soybean futures have crossed through the $17 level for the first time, driven by strong demand for … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

2012: The Year Of The Housing Recovery

Posted: 21 Aug 2012 08:12 AM PDT

Here are some highlights from yesterday’s RE/MAX National Housing Report for July, based on Multiple Listing Service housing data in approximately 54 metropolitan areas:

1. July home sales were 10.3% higher than sales last July and year-over-year home sales have now risen for 13 consecutive months. 

2. The median sales price of homes sold in July was $169,000, a 3.7% increase over the $162,970 median price of July 2011, and the sixth month in a row with year-over-year … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

An Example Of Playing Popped Stops From Failed Retracements

Posted: 21 Aug 2012 08:08 AM PDT

As traders, sometimes we learn more from failed trades than successful ones, underscoring how important it is to review your trades for as much information as possible.
I wanted to highlight a great example of how to switch gears and adapt when price does something unexpected, which can lead to profitable trades in the new 'unexpected' direction.
August 20th's intraday market gave us a great example of this concept so let's take a look and learn the lesson from price.
Here's the @ES … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Wall Street Higher, S&P At 4-year High

Posted: 21 Aug 2012 08:05 AM PDT

08/21/12 US stocks opened higher and touched multi-year highs. Central bank stimulus expectations from the ECB lifted risk appetite. Best Buy shares extended losses following an earnings … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

As Broader Markets Gain, So Does Oil Prices

Posted: 21 Aug 2012 02:58 AM PDT

08/21/12 Front month crude prices were once again trading higher, this time touching above $97 a barrel, after a series of broad market gains and in anticipation of the upcoming release of the Fed … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Euro Rises To Weekly Highs Versus Dollar And Yen

Posted: 21 Aug 2012 02:56 AM PDT

08/21/12 The euro received quite the lift Tuesday, touching a 2-week high against the dollar and a 6-week high against the yen, on growing speculation the ECB will take action to curb Spanish and Italian borrowing … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Positive Start For Global Equities

Posted: 21 Aug 2012 02:31 AM PDT

08/21/12 Speculation the ECB will take action to ease borrowing costs and investors awaiting the release of the Fed minutes helped pave the way for global equities to rise Tuesday … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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