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Stock Market News for July 19, 2010 - Market News
Monday, July 19, 2010 - 9:46am | 497Consumers’ growing pessimism about the economic recovery shook investors’ confidence on Friday, sending major averages off at least 2%, even as some companies reported better-than-anticipated quarterly numbers. Financials led on the downside after some big names from the sector posted weaker-than-...
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Expiring Monthly Guest Article
Monday, July 19, 2010 - 9:33am | 317I had the opportunity to pen a guest article for Expiring Monthly's July edition (due out today) regarding adjustment trading. After giving my thoughts on directional versus non-directional traders I expand on the whole adjustment trading philosophy using example trades on Netflix (NFLX)....
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A Peek Into The Market Before Trading Starts
Monday, July 19, 2010 - 9:27am | 472Pre-open movers US stock futures moved up today as investor confidence in the US market improved, following a wave of earnings. While futures on the Dow Jones Industrial Average rose 49 points to 10108, those on the S&P 500 added 5.8 points to 1068.9. Meanwhile, Nasdaq 100 futures advanced 10.5...
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PetMed Express (PETS) Misses Targets, Plummets 17%
Monday, July 19, 2010 - 8:59am | 209PetMed Express, Inc (NASDAQ: PETS) announced on Monday morning that it missed consensus Wall Street earnings and revenue estimates. PetMed Express (PETS) reported that its fiscal 1st quarter profit fell to $7.2 million, or 32 cents per share, down from $8.1 million, or 36 cents per share, a year...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 50
Monday, July 19, 2010 - 8:00am | 2102Year 3, Week 50 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 77.9% (v 70.6% last week) 19 long bias: 18.2% (v 27.8% last week) 2 short bias: 3.9% (v 1.5% last week) 21 positions (vs 20 last week)...
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Netflix To Launch Services in Canada
Monday, July 19, 2010 - 7:49am | 111Netflix (Nasdaq: NFLX), today announced it will expand into Canada this fall offering unlimited movies and TV episodes streamed instantly to TVs and computers for one low monthly fee. The Canadian launch will mark the first availability of Netflix outside the United States. Canadian Netflix...
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All it takes is one bad day and advantage goes to the bears
Sunday, July 18, 2010 - 10:14pm | 1627Friday stocks staged another retreat just when bulls were looking for upside follow-through. Instead of a nice push above the 50-day moving average, confirming the bullish trend, we got a 3% drop that wiped out more than a week's worth of gains. Now, charts are shaping to show lower highs and lower...
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Market Master Report - The Only Data You Need!
Sunday, July 18, 2010 - 9:16pm | 622The S&P 500 Index lost 13.88 points for the week ending July 16th, 2010. While this decline in the broad based index does not sound like much, the week was full of surprises. Last week we had mentioned that it was options expiration and the week should be choppy and volatile. As you probably...
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Mike Khouw's Amazon (AMZN) Trade
Sunday, July 18, 2010 - 1:36pm | 113Mike Khouw said on CNBC's Options Action that he wants to make a bearish bet on Amazon.com (NASDAQ: AMZN). He explained that Amazon (AMZN) tested 200-day moving average earlier and failed to break through it. Mike Khouw wants to make a bearish bet using weekly options in Amazon (AMZN). He wants to...
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A Look Ahead at Earnings Next Week
Friday, July 16, 2010 - 2:23pm | 970With the S&P 500 grasping at 1070, and yet another "90% day" as the student body has run back to the left ("risk off" stampede), let's take a look ahead at the key reports next week; both for the greater market and what we have our eyes on. The next 3 weeks are the heart of the earnings season...
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Can Priceline’s (PCLN) rally continue?
Friday, July 16, 2010 - 8:13am | 1810Back in early June, we looked at a bullish (a January bull put spread) and bearish strategy (an October bear call spread) in priceline.com (NASDAQ:PCLN). These strategies came on the heels of an upgrade to “buy” from “hold” at Keybanc. The stock was trading at $185.01 then; now it’s at $220.67. So...
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Direxion Offers 2x Retail and Natural Gas
Friday, July 16, 2010 - 3:00am | 610Expansion of the leveraged ETF menu continued this week with the (7/14/2010) launch by Direxion of long and short 2x sector ETFs for the Retail and Natural Gas sectors. Direxion now offers a total of 38 leveraged ETFs, according to the firm’s press release. The new funds are: Direxion Daily...
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Mid-Day Market Movers (HSWI, BFLY, LACO, RVP)
Wednesday, July 14, 2010 - 11:53am | 172HSW International Inc (NASDAQ: HSWI) jumped 104.88% to $4.20 at 11:08 am. HSWI has entered into a content distribution and branding relationship for its BoWenWang website in China with NetEase (NASDAQ: NTES). Bluefly Inc (NASDAQ: BFLY) shares surged 23.16% to $2.50. BFLY had $14.25 million of total...
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Company News for July 14, 2010 - Corporate Summary
Wednesday, July 14, 2010 - 9:42am | 433Johnson & Johnson (NYSE:JNJ) posted second quarter EPS of $1.15 which was lower than Zacks estimates of $1.21 and $1.18 in the year ago period. Revenues were $15.2 billion in the second quarter lower than Zacks estimates of $15.7 billion Microsoft (NASDAQ:MSFT) faced negative reporting...
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Bank of America (BAC) option trading strategies for bulls and bears
Wednesday, July 14, 2010 - 9:25am | 1800Brokerage firm Susquehanna issued a slew of new ratings in the financial sector on Tuesday, with “positive/buy” ratings for some and “neutral” ratings for others. Bank of America (NYSE:BAC) earned a “positive” rating and moved higher on the day (the broad-market rally didn’t hurt matters). The...