Thursday, January 24, 2013

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

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


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

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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