DailyMarkets.com - Hot Option Plays: Market A Little Edgy

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• Hot Option Plays: Market A Little Edgy
• Banks Progress, But Still Short Of Capital Under Basel III
• National Home Sales Snapshot From DQ News
• Economist On The Street: Central Banks & Quadruple Witching
• Crude Decline Weighs On The Loonie
• As Chinese Manufacturing Slides, So Does Oil Prices
• US Stocks Retreat On Global Slowdown Concerns
• Are Bean Oil Bulls Running For The Exits?
• USDA Report Bullish, But Cotton Sags
• Higher Sugar Prices May Be Seen But Not Until 2013?
• Banks Continue Pumping Liquidity, Silver Shines
• Rejected At $100
• Miners Back To Work, Platinum Tanks
• Why Lenders Reluctant Partners In Housing Rebound In Raleigh
• Euro Hits 2-month Low Versus Dollar
• South Africa Holds Rate, Says Cut Not Appropriate Right Now
• Stocks Start With A Sell Off
• Quotation Of The Day: The Fallacy Of Redistribution
• Central Bank News Link List – Sept 20, 2012: Fed’s Dual Mandate On The Table In Wake Of QE3
• Hillary Clinton Reconfirms US Support For Mexico

Hot Option Plays: Market A Little Edgy Posted: 20 Sep 2012 11:18 AM PDT Cusick’s Corner 09-20-2012 The data did not help early in the session but the market has been just sitting off the worst levels of the day, putting pressure on cyclical names. What’s active on this expiration Thursday — “SIN” stocks like STZ, MO, LO, consumer names that traders potentially move into when equity traders get a little nervous. Industrial names are also under pressure, especially the Railroads after Norfolk (NYSE:NSC) lowered guidance due to lower shipments. This has led to a decent … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Banks Progress, But Still Short Of Capital Under Basel III Posted: 20 Sep 2012 10:52 AM PDT     Major banks have made major progress in thickening their capital cushion to prepare for the new tougher Basel III rules but they were still short of up to 374 billion euros by the end of 2011.     In order for all the 102 largest banks to reach a 4.5 percent minimum level of capital to risk-weighted assets, an additional 11.9 billion euros is needed, the Basel Committee on Banking Supervision said in its latest study of the impact of the new, more stringent … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

National Home Sales Snapshot From DQ News Posted: 20 Sep 2012 09:48 AM PDT Click to enlarge. Today’s “National Home Sales Snapshot” from DQ News is displayed above, which has been updated with U.S. home sales during the last 30 days in 98 of the top 100 MSAs (excludes Louisville and Wichita), and covers about two-thirds of all U.S. home sales.  Compared to the same period last year, home sales over the last 30 days have increased by 9.8%, following previous increases in September of 11.3% (last week) and 10.3% (first week of the month).   The median home … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Economist On The Street: Central Banks & Quadruple Witching Posted: 20 Sep 2012 09:42 AM PDT 09/20/12 Meridian Equity Partners’ Stephen Guilfoyle discusses central bank monetary policy, global economic data releases and what to watch in the upcoming … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Crude Decline Weighs On The Loonie Posted: 20 Sep 2012 09:18 AM PDT Thursday, September 20, 2012 The Canadian Dollar has been on a roll, rallying for the past three and a half months. Rising Oil prices and QE3 were the main contributors to the rally. The decline in Oil prices could trigger additional profit-taking, but the downside of the Loonie could be limited by QE3. While Canada has taken steps to loosen policies, those policies remain much more conservative than those in the US. Fundamentals Canadian Dollar futures have pulled back over the past few … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

As Chinese Manufacturing Slides, So Does Oil Prices Posted: 20 Sep 2012 03:20 AM PDT 09/20/12 Front month crude prices were trading lower again Thursday morning following a contraction in Chinese … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Stocks Retreat On Global Slowdown Concerns Posted: 20 Sep 2012 03:19 AM PDT 09/20/12 US equity averages tracked global bourses into the red, following economic data releases. Bank of America plans to cut 16k jobs by the end of the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Are Bean Oil Bulls Running For The Exits? Posted: 20 Sep 2012 08:18 AM PDT Wednesday, September 12, 2012 Soybean Oil futures look to be a follower, with price movements depending mostly on the direction of Soybeans and Soybean Meal. However, any weakness in price activity from the leaders in the Bean complex may be accelerated in Bean Oil prices given the generally mixed fundamentals for the vegetable oil market. Fundamentals Soybean Oil futures have been the laggard of the Soybean complex bull market, as global supplies of vegetable oil are not nearly as tight as … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

USDA Report Bullish, But Cotton Sags Posted: 20 Sep 2012 08:18 AM PDT Thursday, September 13, 2012 The market’s reaction to yesterday’s USDA data showed how focused the market was on Chinese inventory numbers. Like grains, China has been a major importer of Cotton and is in the midst of restocking. However, the bulk of the USDA data was bullish, as many had expected. The market was also weighed down by the negative impact of the USDA report on the grains. This suggests that Cotton activity may turn bullish, assuming outside markets cooperate. Fundamentals Cotton … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Higher Sugar Prices May Be Seen But Not Until 2013? Posted: 20 Sep 2012 08:18 AM PDT Friday, September 14, 2012 Sugar’s price rebound from oversold levels, especially with a production surplus seen this year, is giving confidence to bulls who believe that a near-term low may be in place. However, a likely scenario is for price action to turn more range bound, as mixed fundamentals don’t seem to be significantly favoring bulls or bears at the present time. Fundamentals Sugar futures are trying to find a bottom, as some bargain hunters are establishing long positions after the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Banks Continue Pumping Liquidity, Silver Shines Posted: 20 Sep 2012 08:18 AM PDT Monday, September 17, 2012 The Fed and other banks have been feeding investors’ insatiable appetites for liquidity, causing metal prices to skyrocket over the past month. The EU’s sovereign debt problem creates a bullish situation for metal traders. The risk associated with the toxic debt makes precious metals attractive as a safe haven. Also, the European Central Bank (“ECB”) will likely continue throwing money at the problem, which could create inflationary conditions. Technically, the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Rejected At $100 Posted: 20 Sep 2012 08:18 AM PDT Tuesday, September 18, 2012 It looks as though the Crude Oil market was not yet ready to tackle the $100 level. Fundamentally and technically, Crude Oil looked a bit overbought. Like many commodity markets, Crude Oil has been riding the coattails of the explosion in grain prices and cheap money. There has been no significant uptick in economic activity or demand increase. The wildcard is the situation in the Middle East. If the fallout from the “documentary” depicting the Prophet Mohammed in an … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Miners Back To Work, Platinum Tanks Posted: 20 Sep 2012 08:18 AM PDT Wednesday, September 19, 2012 Platinum futures rise sharply due to the 6-week work stoppage at Lonmin’s mine and Helicopter Ben’s printing of Dollars. The market sold off violently after the miners’ strike ended. Now many investors are left wondering if QE3 will be enough to support Platinum prices or if a price collapse to the low 1400′s is imminent. Technically, the chart reversal is a potentially ominous sign, but the scope of reversals can be difficult to gauge. Fundamentals Platinum … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Why Lenders Reluctant Partners In Housing Rebound In Raleigh Posted: 20 Sep 2012 08:06 AM PDT … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Euro Hits 2-month Low Versus Dollar Posted: 20 Sep 2012 02:59 AM PDT 09/20/12 The euro dropped the most in two months against the dollar as an index of services and manufacturing in the euro zone fell to a three-year … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

South Africa Holds Rate, Says Cut Not Appropriate Right Now Posted: 20 Sep 2012 07:46 AM PDT     The central bank of South Africa kept its repurchase rate unchanged at 5.0 percent, saying a further cut in its accommodative stance was not appropriate “at this stage” despite the challenging global and domestic conditions. The bank trimmed its 2012 and 2013 growth forecasts.    The South African Reserve Bank (SARB), which last month cut its benchmark rate by 50 basis points to boost the economy, said the risk to its inflation forecast was balanced.     Since … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks Start With A Sell Off Posted: 20 Sep 2012 07:21 AM PDT 09/20/12 Global stocks were in the red to start the session following a contraction in Chinese manufacturing data and a little changed jobless claims … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Quotation Of The Day: The Fallacy Of Redistribution Posted: 20 Sep 2012 06:34 AM PDT From Thomas Sowell’s column today (emphasis mine): The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty. The communist nations were a classic example, but by no means the only example. In theory, confiscating the wealth of the more successful people ought to make the rest of the society more prosperous. But when the Soviet Union confiscated the wealth of successful farmers, food became scarce. As many people … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Sept 20, 2012: Fed’s Dual Mandate On The Table In Wake Of QE3 Posted: 20 Sep 2012 06:29 AM PDT Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. Fed’s dual mandate on the table in wake of QE3 (MarketWatch) Australia has scope to cut rates, delay surplus return, IMF says (Bloomberg) China interest rate cutting cycle to end (China … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hillary Clinton Reconfirms US Support For Mexico Posted: 19 Sep 2012 11:55 AM PDT 09/20/12 During a Department of State meeting with Mexican Foreign Secretary Patricia Espinosa, Secretary of State Hillary Rodham Clinton stresses the continued support by the US for … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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