DailyMarkets.com - Hot Option Plays: Looking At Potential Earnings Moves

Hot Option Plays: Looking At Potential Earnings Moves
Facebook Dips Toe Into Online Gambling
Light Data Calendar On Tap
Home Ownership: Tax Benefits
US Stocks Post 3-day Rally
Will The Stock Market Deliver Another Gusher?
June Job Openings Highest In Four Years
Hot Option Plays: Bulls Trying To Hook Momentum
Hot Option Plays: Market Has Modest Gains On Light News
Hot Option Plays: Summer Trading
RBA Keeps Rates Steady
CoreLogic Home Price Indexes Increases In June For 4th/5th Month, With Highest Yearly Gains In 6 Yrs.
Armenia Keeps Rate Steady At 8.0%, Sees Price Pressures
Valdes: “Not Buying The Rally”
Oil At Three-month Highs
The Trend Trader For ETF Trading On Wednesday, August 8, 2012
The Trend Trader For Stock Trading On Wednesday, August 8, 2012
The Trend Trader For Futures Trading On Wednesday, August 8, 2012
The Trend Trader For Forex Trading On Wednesday, August 8, 2012

Hot Option Plays: Looking At Potential Earnings Moves

Posted: 07 Aug 2012 04:16 PM PDT

Cusick’s Corner 08-07-2012
The market continued to chop around — wow, no insights there but the offensive sectors, XLE, XLY, XLI and XHB, were all up 2X the S&Ps which is supportive of the bullishness of the market. The Small Caps, IWM and RUT, were both breaking resistance, $80, which again is positive. Lastly, bond yields are moving up and prices down, the continuation of a trade out of bonds into… potentially equities. I am tempering my enthusiasm a little because the Financials, XLF, … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Facebook Dips Toe Into Online Gambling

Posted: 07 Aug 2012 03:05 PM PDT

08/07/12 Facebook has launched a real-money gaming app, Bingo Friendzy. The app was developed by Gamesys and will be available to adult Facebook users in the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Light Data Calendar On Tap

Posted: 07 Aug 2012 09:41 AM PDT

08/07/12 A smattering of global economic data and earnings will be watched in midweek trade. Key technical levels for the US equity averages will also be … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Home Ownership: Tax Benefits

Posted: 07 Aug 2012 08:55 AM PDT

08/07/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, helps dissect the tax benefits of home ownership: what is tax deductible in the American … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Stocks Post 3-day Rally

Posted: 07 Aug 2012 08:55 AM PDT

08/07/12 The major US equity averages extended gains amid light trading volume. The S&P 500 settled above the 1,400 level for the first time since … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Will The Stock Market Deliver Another Gusher?

Posted: 07 Aug 2012 01:32 PM PDT

I came across an old post that may be of interest today. In May 2008 (can't believe that's nearly four years ago!), in Don't Fight the Tape – Rev. 2.0 (it is old but it's worth reread it now in … Continue reading … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

June Job Openings Highest In Four Years

Posted: 07 Aug 2012 01:17 PM PDT

Highlights from today’s Job Openings and Labor Turnover report from the BLS:

1. There were 3.76 million total job openings and 3.4 million private job openings on the last day of June, up from 3.65 million openings and 3.28 million, respectively, in May. The number of job openings has been steadily trending upward since the end of the recession in June 2009 (see top chart above).

2. Private job openings in June were at the highest level in more than four years, since May 2008, and total June … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Bulls Trying To Hook Momentum

Posted: 07 Aug 2012 12:23 PM PDT

Cusick’s Corner 08-06-2012
Data will not be a catalyst until the end of the week and the headline risk from the EU might also be tame until then as well. Technicals will be the focus, and right now they are catalyzing this move. The S&Ps have successfully broken back through the trendline to the upside from the May lows. Gold, GLD, has also shown impressive upside holding power really putting the squeeze on any short in this market. The Small Caps, IWM, as I noted Friday need to get through … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Market Has Modest Gains On Light News

Posted: 07 Aug 2012 12:23 PM PDT

Cusick’s Corner 08-06-2012
As I stated in the Midday, probably not much fundamentally is going to drive the market at this stage of the trading week. We also did not have any headlines. Any bullish set up in a trading day like this one should probably spread off risk, i.e. buy a call and sell an out-of-the-money call against it. You give up upside but it allows you to stay in a trade a little longer than if you just buy the option and then place a stop order on it to close. Running to the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Summer Trading

Posted: 07 Aug 2012 12:23 PM PDT

Cusick’s Corner 08-07-2012
Now these are summer markets — the majority of the activity is at the open which then grinds in a tight range for the remainder of the day. The S&Ps (my main benchmark) is supported at 1399 with resistance at 1403. I have been looking at some earnings stocks — Groupon (GRPN) being one of the names reporting. GRPN has big volatility, 172%, with an estimated move using the weekly options of ~.34. This infers that the overall options marketplace is pricing in a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

RBA Keeps Rates Steady

Posted: 07 Aug 2012 12:23 PM PDT

Tuesday, August 7, 2012
Currency traders may want to keep a close eye on the interest rate movements of New Zealand, which may influence flow of cash into the Aussie Dollar. Economic projections and the movement of the commodity markets are likely going to be primary outside influences on the Aussie as well.
Fundamentals
The Australian Dollar has been the main beneficiary during the commodity market rally. This resulted in the exchange rate of the currency making a ten- cent swing versus its … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

CoreLogic Home Price Indexes Increases In June For 4th/5th Month, With Highest Yearly Gains In 6 Yrs.

Posted: 07 Aug 2012 12:19 PM PDT

CoreLogic released its report today on its June Home Price Index (HPI) and its pending HPI for July, with these highlights:

1. Home prices nationwide, including distressed sales, increased on a year-over-year basis by 2.5 percent in June 2012 compared to June 2011 (see top chart above). On a month-over-month basis, including distressed sales, home prices increased by 1.3 percent in June 2012 compared to May 2012. The June 2012 figures mark the fourth consecutive increase in home prices … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Armenia Keeps Rate Steady At 8.0%, Sees Price Pressures

Posted: 07 Aug 2012 11:46 AM PDT

The Central Bank of Armenia (CBA) kept its benchmark refinancing rate unchanged at 8.0 percent to guard against higher inflation from stronger domestic demand and higher wheat prices.
The central bank, which has kept interest rates unchanged since September 2011, acknowledged that prices had fallen by 1.5 percent in July from the previous month for a year-on-year inflation rate of 2.3 percent, at the lower end of its target range of 4 percent, plus or minus 1.5 … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Valdes: “Not Buying The Rally”

Posted: 07 Aug 2012 10:53 AM PDT

08/07/12 DME Securities’ Alan Valdes weighs in on the recent advance for the major equity averages. Global monetary policy and fundamentals are also … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil At Three-month Highs

Posted: 07 Aug 2012 05:32 AM PDT

08/07/2012 Crude oil traded higher for the third straight session. Ahead of the EIA weekly inventory data, the U.S. government raised its forecasts for the oil and oil products … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards