DailyMarkets.com - Hot Option Plays: Overbought Could Stay Overbought Midday

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• Hot Option Plays: Overbought Could Stay Overbought Midday
• Meyers: “Underlying Strength In Equity Markets”
• Oil Jumps +1% On Chinese Manufacturing Growth
• Yen Dips, Dollar Jumps Following Chinese Manufacturing Data
• IShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (IEO) : Buy @ $68.27
• Crude Supplies Build, But Can That Derail The Oil Market?
• Global Stocks Mixed, U.S. Higher On Chinese Data
• Stocks Mixed, Apple Takes Bite Out Of Nasdaq
• Mary Jo White: Next SEC Chief’s ‘Skeleton In Closet’

Hot Option Plays: Overbought Could Stay Overbought Midday Posted: 24 Jan 2013 11:17 AM PST Cusick’s Corner 01-24-2013 Midday As I write this at 12:45pm ET, the market is starting to pull off the best levels of the day. More specifically Tech, which has been buoyed by the likes of IBM/GOOG/NFLX, is coming under pressure after the warning from Apple (NASDAQ:AAPL) which is down -~11.39% and the QQQs are now down -~1.14%. So while Tech is digesting some mixed earnings, the other markets are holding and it will be interesting if this continues into the After Hours. As I mentioned yesterday, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Meyers: “Underlying Strength In Equity Markets” Posted: 24 Jan 2013 10:28 AM PST 01/24/13 DME Securities’ Warren Meyers talks fundamentals and technicals affecting global markets. After the S&P 500 broke above 1,500 where will the index go from … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Jumps +1% On Chinese Manufacturing Growth Posted: 24 Jan 2013 09:23 AM PST 01/24/13 Oil prices jumped more than 1% early Thursday morning following a survey showing that China’s manufacturing is on the upswing, rising for the fifth consecutive … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Yen Dips, Dollar Jumps Following Chinese Manufacturing Data Posted: 24 Jan 2013 04:21 AM PST 01/24/13 The yen fell for the first time in four days versus the dollar after a Chinese report showed manufacturing expanded at the fastest rate in two … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

IShares Dow Jones U.S. Oil & Gas Exploration & Production Index Fund (IEO) : Buy @ $68.27 Posted: 24 Jan 2013 09:18 AM PST FURTHER UPSIDE … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Supplies Build, But Can That Derail The Oil Market? Posted: 24 Jan 2013 08:18 AM PST Thursday, January 24, 2013 Crude Oil futures received a mixed bag of news yesterday. Inventories, as reported by the API, showed an increase in Crude Oil inventories and mixed products, which may be viewed as negative. The EIA, which normally releases its inventory figures on Wednesday, is releasing inventories today. It will be interesting to see if the two inventory reports have similar results. The results of the Israeli election can be seen as a negative for Crude Oil, as the incumbents … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Global Stocks Mixed, U.S. Higher On Chinese Data Posted: 24 Jan 2013 03:17 AM PST 01/24/13 Asian markets continued to trade mixed overnight and U.S. stocks were higher to start the day following strong manufacturing data out of … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks Mixed, Apple Takes Bite Out Of Nasdaq Posted: 24 Jan 2013 08:16 AM PST 01/24/13 US equities opened mixed, with Apple dragging the Nasdaq into negative territory. Weekly jobless claims, preliminary US PMi manufacturing and leading economic indicators came in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Mary Jo White: Next SEC Chief’s ‘Skeleton In Closet’ Posted: 24 Jan 2013 08:09 AM PST News breaks this morning that President Obama will nominate Mary Jo White to be the next head of the SEC. Who is Ms. White? A highly decorated attorney at the prestigious law firm of Debevoise & Plimpton. I would expect she might win a very easy approval to be our nation's next top financial cop. Why so? The spin on the nomination is that she is a former  prosecutor and US Attorney for the Southern District of New York and will hold Wall Street accountable. Is that right? Before we … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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