Thursday, August 2, 2012

DailyMarkets.com - Hot Option Plays: Volatility Pulls Back?

DailyMarkets.com - Hot Option Plays: Volatility Pulls Back?

Hot Option Plays: Volatility Pulls Back?

Posted: 02 Aug 2012 04:04 PM PDT

Cusick’s Corner 08-02-2012
The bid did attempt a push after the strong selling this morning but never really got enough momentum other than keeping the market off the lows. One reason for today’s movement may be the Jobs report in the morning and another may be due to the current lack of global government intervention. Here is what’s interesting — the Dollar, bonds, and equities are all up ticking and volatility down ticking into the close of the day. I will be monitoring any pullbacks … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stock Trade Ideas For Friday August 3

Posted: 02 Aug 2012 02:47 PM PDT

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Symantec Corporation (NASDAQ:SYMC) – Today’s action gave us another green day and we closed right at the 200-day MA line at 16.33. If we break then we could see 17 to 17.5 ranges in the short term. Support at 15.35 below.

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The short-term outlook for Juniper Networks, Inc. (NASDAQ:JNPR) is bullish. Fresh long should be made only when the stock closes above $18 with an up candle. We need a consistent move above this level to continue the bullish scenario … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Wall Street Ends Lower After ECB Inaction

Posted: 02 Aug 2012 09:46 AM PDT

08/02/12 US stocks settled in the red but managed to come off session lows. The underwhelming action from the ECB dragged on equity … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

IRS Tax Lien Blocks Sale Or Refinance Of Your Raleigh Home?

Posted: 02 Aug 2012 01:57 PM PDT

… [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


A Shot Of Anti-Hopium

Posted: 02 Aug 2012 01:49 PM PDT

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In a Financial Times op-ed, “Brace For an Era of Crisis Aftershocks,” David Rosenberg, chief economist and strategist of Gluskin Sheff, serves up a shot of what some might call anti-hopium.
The scars from the detonation of the housing and credit bubble-bust have yet to heal.
Household net worth per capita is still 15 per cent or $100,000 shy of where it was five years ago and ultra-low interest rates are punishing those who save in bank deposits or money market funds.
The … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Inaction Leads To Reaction

Posted: 02 Aug 2012 01:16 PM PDT

Cusick’s Corner 08-02-2012
The rhetoric continues and the initial market reaction has been negative. With no clear action coming from the Fed or the ECB, sellers have come in strong into the Midday. I am a little surprised that the bid has not scaled in at these levels but being patient is possibly the more prudent action. The Dollar strength, UUP, needs to abate before any meaningful buyers might potentially come in today. See you After Hours.
Stock market averages are sharply lower midday … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

All Eyes On The ECB

Posted: 02 Aug 2012 01:16 PM PDT

Thursday, August 2, 2012
Many currency traders are closely watching the policy statement from the ECB today. A strong, aggressive statement may be needed for the battered currency to find buying pressure. Anything short of this could add to the negative market sentiment. Technically, it is imperative that the Euro hold 1.20. Failure to do so could continue the march toward parity.
Fundamentals
The Euro is up ahead of a meeting of ECB policy makers. This is the first time the central bank has … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Jobs Report Tops Off The Week

Posted: 02 Aug 2012 12:24 PM PDT

08/02/12 The US employment report will be closely watched on Friday morning. Nonfarm payrolls are forecast to expand, while unemployment is expected to remain … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Meyers: “Going To Be Under Pressure For Rest Of Day”

Posted: 02 Aug 2012 11:08 AM PDT

08/02/12 DME Securities’ Warren P. Meyers weighs in on the equity market reaction to the latest central bank rate announcements. Expectations for the July jobs report and the outlook for August are also … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Crude Oil Slides On Central Bank Disappointment

Posted: 02 Aug 2012 05:37 AM PDT

08/02/12 Crude oil futures extended losses after the ECB offered no new stimulus measures. In a choppy session, the front month contract fell below … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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