Monday, October 8, 2012

DailyMarkets.com - Hot Option Plays: Tech Struggling Midday

DailyMarkets.com - Hot Option Plays: Tech Struggling Midday


Hot Option Plays: Tech Struggling Midday

Posted: 08 Oct 2012 11:18 AM PDT

Cusick’s Corner 10-08-2012 Midday
The markets are trading with a sense of negativity this new trading week. Tech, QQQ -1%, is leading the way and some big cap Tech names like GOOG and AAPL are under some pressure. This is a theme that I want to keep an eye on going into the new earnings cycle. The action in the Semis, SMH, is also under pressure which could start weighing on metals markets like Silver, SLV. Volatility is picking up, +6.84%, so definitely have my radar picking up some … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Costa: “Earnings…75% Should Beat Estimates”

Posted: 08 Oct 2012 10:25 AM PDT

10/08/12 Empire Executions’ Peter P. Costa weighs in on the September jobs report on this Columbus Day. This week’s event risk and S&P 500 technical levels are … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Dollar Jumps, Euro Slumps As Risk Aversion Resurfaces

Posted: 08 Oct 2012 03:48 AM PDT

10/08/12 Risk aversion was strong Monday morning in the forex markets as European finance ministers prepared to meet in Luxembourg to discuss the region's debt crisis, helping to push down the value of the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Oil Slips As World Bank Cuts China’s Growth

Posted: 08 Oct 2012 03:35 AM PDT

10/08/12 Front month crude prices were trading lower Monday morning following the downgrade of China’s growth forecast by the World … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Wall Street Lower On Global Growth Worries

Posted: 08 Oct 2012 08:21 AM PDT

10/08/12 US stocks tracked global bourses lower, as the World Bank downwardly revised its growth forecast for East Asia and Pacific region. Columbus Day marks a federal holiday but stock markets are … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Near-term Supply Tightness Supports RBOB Gasoline Prices

Posted: 08 Oct 2012 08:17 AM PDT

Monday, October 8, 2012
Front month RBOB Gasoline futures look poised to test the $3 per gallon level, as refinery issues and below average supplies are affecting the East and West Coast markets. Longer-term, the outlook is less bullish, as the switch to cheaper-to-produce winter blends of gasoline and continued lower consumer demand have the potential to cap further price rallies later this year.
Fundamentals
The RBOB futures are the strongest sector in the energy complex, as lower inventories … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Stocks Slip On China Growth Concerns

Posted: 08 Oct 2012 07:42 AM PDT

10/08/12 Global stocks started the week in the red on growing concerns over China’s economy after the World Bank slashed China’s 2012 and 2013 growth … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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