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S&P 500 and Sector Breadth
Friday, April 1, 2011 - 3:14pm | 121BIGGER PICTURE Looking at the larger picture we have Intermediate wave (C) = .618 Fibonacci of (A) at 1353 SPX. Within wave (C) we have a very extended wave 3 which strongly suggests wave 5 should at most = wave 1 in price. Minor 5 = Minor 1 at &... Go to http://SwingTradingDaily.com for full...
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Markets on the Move after US Employment Data
Friday, April 1, 2011 - 2:46pm | 971Cusick's Corner Jobs, that is what the market was greeted with this morning, Payrolls up over the 200k mark and Unemployment still dropping, 8.8%. The market tore up on the open and has held into the Midday. The question is how you play the rising risk of inflation and growth. One might look at...
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NASDAQ and IntercontinentalExchange Raise the Stakes in Battle for NYSE (NDAQ, ICE, NYX, BAC, WFC)
Friday, April 1, 2011 - 8:27am | 334The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) and IntercontinentalExchange, Inc. (NYSE: ICE) have made a bid to take over NYSE Euronext (NYSE: NYX) for a price well above the nearly $10 billion bid that was earlier offered by Germany's Deutsche Boerse, which owns the Frankfurt stock exchange. NASDAQ...
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Fast Money Picks For April 1st (CME, JPM, DBA, GM)
Thursday, March 31, 2011 - 8:16pm | 164On CNBC's Fast Money, Joe Terranova suggested that investors should buy put options in CME Group Inc. (NASDAQ: CME) tomorrow. CME Group Inc. (CME) fell 0.56% today, and closed at $301.55. Karen Finerman likes JPMorgan Chase & Co. (NYSE: JPM), and wants to buy it on Friday. JPMorgan Chase...
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Bank of America Names Patrick Gorman Chief Information Security Officer
Thursday, March 31, 2011 - 3:00pm | 67Bank of America (NYSE: BAC) announced today that Patrick Gorman has joined the company as chief information security officer. Gorman is a senior strategy and technology executive with more than 25 years of experience in government and the private sector, including serving as associate director of...
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U.S. Banks Slammed Again (BAC, JPM, WFC, C)
Thursday, March 31, 2011 - 12:20pm | 173The financial sector is leading to the downside again on Thursday. Over in Europe, the market learned that Irish Banks need 24 billion Euro in new capital and the shares of Bank of Ireland (NYSE: IRE) and Allied Irish Banks (NYSE: AIB) have been halted on the New Stock Exchange. American banks...
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Options Brief: ING Groep N.V. (ING)
Thursday, March 31, 2011 - 10:10am | 97Shares of ING Groep N.V. (NYSE: ING) are lower on the session by 2.79%, trading at $12.56. Overall call volume is now running at 2.14x the daily average, with 1% of all calls traded being purchases on the offer. 1,455 contracts have traded on the session so far. ING Groep N.V. is a global...
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Elliott Wave Update ~ 30 March
Wednesday, March 30, 2011 - 4:20pm | 113Primary count is Minute [iii] of Minor 5 of Intermediate (C) of P[2] topped today at 1331.74 or will shortly tomorrow a bit higher. A Minute [iv] pullback to test support and perhaps close the gap would seem to be in order. Minute [iv] target range is... Go to http://SwingTradingDaily.com for full...
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David Musto Named CEO of J.P. Morgan Retirement Plan Services
Wednesday, March 30, 2011 - 3:31pm | 62Morgan Asset Management (NYSE: JPM) announced today that David Musto will become the Chief Executive Officer of J.P. Morgan Retirement Plan Services (RPS). Mr. Musto succeeds current CEO Pamela Popp , who has taken on a new role as Head of Retirement Strategic Initiatives, helping drive the asset...
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Bank of America Director Stepping Down (BAC)
Wednesday, March 30, 2011 - 2:14pm | 45The Bank of America (NYSE: BAC) director William Boardman is stepping down. BAC is currently trading $0.12 higher than yesterday's close, at $13.47. The five minute chart is showing a strong resistance at the pivot point range of $13.49-$13.53.
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Bank of America Director Boardman to Retire
Wednesday, March 30, 2011 - 11:00am | 35Bank of America Corporation (NYSE: BAC) today announced that William P. Boardman would not seek another term as director at its annual meeting of shareholders in May.
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ING Lower After Negative Bloomberg Story About Impact Of Basel Rules (ING)
Wednesday, March 30, 2011 - 9:29am | 39ING Lower After Negative Bloomberg Story About Impact Of Basel Rules (NYSE: ING). The Article Can Be Found Here.
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Banks Continue To Trade Terribly (BAC, WFC, JPM, C)
Tuesday, March 29, 2011 - 12:52pm | 114The major money-center banks continue to trade abysmally on Tuesday, as it seems that these names will never turn the corner - which is not a good sign for the economy. Bank of America (NYSE: BAC), predictably, is leading the complex lower. Today, the shares have shed 1.42% to $13.18, despite a...
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Top 3 Hertz Shareholders Are Selling Stakes (HTZ)
Tuesday, March 29, 2011 - 9:52am | 53Announced earlier today, the top 3 Hertz (NYSE: HTZ) shareholders are unloading approximately 22% of their stakes. The list includes two private equity firms and Bank of America (NYSE: BAC). HTZ is trading $0.80 lower than yesterday's close, or -5%.
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Options Roundup (C, TIF, HMY)
Monday, March 28, 2011 - 5:42pm | 57Here's today's options roundup: • Citigroup (NYSE: C): July $4.50 straddle sold 16,750 times for $0.49 • Tiffany & Co. (NYSE: TIF): May $65.00 call bought 5,500 times, 3x normal volume • Harmony Gold (NYSE: HMY): May $15/16 call spread bought 10,000 times for $0.25