Today’s tickers: XLF, ETFC, CF, HGSI, EEM, BEBE, SMH, VRTX, HGSI, F & LDK XLF – Financial Select Sector SPDR – A large bearish spread in the June 2010 contract suggests one investor feels the need for...
Read MoreHere’s a scary chart pattern for you from our Chart School: Elliot Wave Trends points out that the S&P has fallen into a fractal patten that may be repeating the behavior of the great drop of ‘08, right...
Read MoreToday is a big day to start this week. I think there is a real chance that if we don’t get some good numbers from the ISM Manufacturing Index, Ford earnings, and Loews’ earnings, the market could be set for a very...
Read MoreWhat a crazy month we had! The Dow began the month of October at 9,712 and finished the month of October at EXACTLY 9,712. Now I don’t want to say the market is manipulated but… No, I’ve got...
Read MoreToday’s tickers: ACL, VIX, FEED, ODP, NRG, NVTL, LVS & MSTR ACL – Alcon, Inc. – Medical supplies producer, Alcon, attracted long-term bullish option traders to the May 2010 contract. Shares slipped slightly...
Read MoreWheee what a day! Who said we placed a spread bet on the Dow moving 200 points one way or another in yesterday’s morning post? Me, that’s who. And how much did the Dow move yesterday? 199.89...
Read MoreThank you all for bearing with me on the missed report yesterday. What a day Wednesday was for us though, as we had three big winners. The first was our Buy Pick of the Day Direxion Daily Bear Housing ETF (DRV). We chose to go...
Read MoreToday’s tickers: HGSI, MSTR, INTC, FXI, EFA, AA, AVP, RDC, PLL, FSLR, MOT & AKAM HGSI – Human Genome Sciences, Inc. – Shares of the biopharmaceutical company made a miraculous recovery since...
Read MoreDo 18M unemployed people care what our GDP is? That’s the question the market will try to answer today as we get a measure of another 500,000 pink slips handed out last week. Hopefully, by the end of the month, a net...
Read MoreYesterday was an okay day for our picks. We only had one buy pick of the day, which was Ultra Proshares Financials (URE). We got into the stock in the morning at 5.65, and we saw the stock trade down to neutral all day. The day...
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