DailyMarkets.com - Hot Option Plays: Strength Waning

Hot Option Plays: Strength Waning
Location, Location, Location
Dow Jones In A Narrow Range On Mixed Economic Data
Michigan Economy Shifts Into High Gear: Economic Activity Index Rebounds To A Ten-Year High In July
More Good News
US Bank Earnings Climb In Q2 2012
Chart Of The Week: Does Adopting Technology Increase A Nation’s Wealth?
FDIC Quarterly Banking Report Suggests That U.S. Banks Have Returned To Pre-Recession Conditions
US GDP Revision Tops Midweek Calendar
The Trend Trader For Forex Trading On Wednesday, August 29, 2012
The Trend Trader For Stock Trading On Wednesday, August 29, 2012
The Trend Trader For Futures Trading On Wednesday, August 29, 2012
The Trend Trader For ETF Trading On Wednesday, August 29, 2012

Posted: 28 Aug 2012 03:15 PM PDT

Cusick’s Corner 08-28-2012
Again, there’s not much to discuss — this is a grinding, end of summer market. There are potential catalysts going into the end of the week but as I said, it is not worth pushing it. The trend in the Dollar, UUP, has catalyzed the strength in Gold, GLD, and miners are leading the way as well, GDX. While the precious metals are showing strength, the major indices like the INDU, S&Ps, and NASDAQ are showing decreasing strength and volume. See you Midday.
Stock … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Location, Location, Location

Posted: 28 Aug 2012 03:01 PM PDT

1. Here’s what you can get in Flint, Michigan for $395,000 (pictured above): A castle of a home. Quality stone construction with slate roof. New kitchen, excellent condition with 2 new boilers and central air. Grand halls with walnut floors, ornate plaster ceilings, 9 foot ceilings, towering circular foyer. Library, Morning Room, Sitting Room, 6 bedrooms, 8 bathrooms and five car garage on 2 acres.

Price per square foot: $65

2. Here’s what you can get in Washington, D.C. for $395,000 … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Dow Jones In A Narrow Range On Mixed Economic Data

Posted: 28 Aug 2012 08:53 AM PDT

08/28/12 After finishing lower in the previous session, the Dow Jones Industrial Average traded in a narrow range, following a pair of mixed economic reports and ahead of Fed Chairman Ben Bernanke’s speech later this … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Michigan Economy Shifts Into High Gear: Economic Activity Index Rebounds To A Ten-Year High In July

Posted: 28 Aug 2012 01:47 PM PDT

Here’s some extremely positive news about the Michigan economy, which would be consistent with recent reports about the rebound in Midwest manufacturing, and especially strong gains in Midwest automotive production:

Comerica Bank's Michigan Economic Activity Index (a composite index based on 7 individual variables) increased 2.0 points in June, spiking to a level of 105.9. The June index reading is 46 points, or 77%, above the index cyclical low of 59.9 in mid-2009. The index has averaged … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

More Good News

Posted: 28 Aug 2012 01:41 PM PDT

Since bad news is good news when you’re a stock trader, those guys should be feeling ecstatic about what New York Stock Exchange CEO Duncan Niederauer had to say in an interview with Fox Business News regarding NYSE Euronext’s 8th Annual CEO Survey:
Mr. Niederauer: “What was most…disturbing from the results this year was this was the first year we surveyed small businesses and they overwhelmingly said, ‘don't look for a lot of job growth from us next year, we're nervous’” –
FBN: “In … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Bank Earnings Climb In Q2 2012

Posted: 28 Aug 2012 01:26 PM PDT

08/28/12 The FDIC’s Quarterly Banking Profile showed an increase in Q2 bank earnings to $34.5 billion. Consumer lending increased in the April to June quarter, but revenue slipped for the banking … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Chart Of The Week: Does Adopting Technology Increase A Nation’s Wealth?

Posted: 28 Aug 2012 12:25 PM PDT

That's the question Harvard Business School's Diego Comin wanted to answer. His research analyzed how quickly 15 different technologies—including steamships, the telegraph, the Internet, MRI scanners, electricity—have been adopted by 166 different countries over the past two centuries to determine if there is a relationship between a country's historical rate of adoption and its per capita income.
He found that a strong association between the two exists. Not only did his research … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

FDIC Quarterly Banking Report Suggests That U.S. Banks Have Returned To Pre-Recession Conditions

Posted: 28 Aug 2012 11:22 AM PDT

The FDIC released its Quarterly Banking Profile today for the second quarter, here are some highlights:

1. U.S. banks earned a total of $34.5 billion from April through June, a 20.7% increase compared to Q2 2011 (see chart above). Almost two out of every three (62.7%) of the 7,246 FDIC-insured banks reported higher earnings than a year ago. Only 10.9% were unprofitable, down from 15.7% in Q2 2011. The increase in profits was the 12th consecutive year-over-year increase in quarterly net … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US GDP Revision Tops Midweek Calendar

Posted: 28 Aug 2012 08:37 AM PDT

08/28/12 US Q2 GDP figures will be closely monitored ahead of Bernake’s Jackson Hole speech. The Fed’s Beige Book and pending home sales will also be released on … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards