Markets

Beware Of New 52 Week Highs During Options Expiration Week

Posted on 02/16/10 at 12:42pm
Since mid January the major stock indexes have topped out in the short term and a pullback has been underway. The Dow Jones Industrial Average hit a high at 10,729 on January 19th, 2010 and made a short term low on February 5th, 2010 at 9,835. During that time many commodity and financial stocks lead the declined sharply.
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USD Starting a New Wave Up?

Posted on 03/20/10 at 3:47pm
I have recently tried to hightlight a blog on the weekend to provide a different perspective or outlook then my own. This week, the article below comes from the Slopeofhope.com, which is run by Tim Knight. Mr.
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Carter Worth Says Best Buy Losing Momentum (BBY)

Posted on 03/19/10 at 5:58pm
Carter Worth said on CNBC's Options Action show that it appears as if shares of Best Buy (NYSE: BBY) may be running out of momentum. He cited the fact that the stock has rallied sharply in the last month and did not move appreciably higher after being upgraded at Goldman Sachs yesterday.
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Icahn Offers To Purchase All Outstanding Shares Of Lions Gate (LGF)

Posted on 03/19/10 at 4:47pm
On February 18, Carl Icahn called into the Fast Money Halftime Report on CNBC and said he is not interested in taking control of Lions Gate Entertainment (NYSE: LGF). You can find that story here. Apparently, Mr.
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Biotech Stock Mailbag: Generex (PFE, MNKD)

Posted on 03/19/10 at 4:30pm
BOSTON (TheStreet) -- Do diabetics hate insulin injections so much that a more convenient alternative to needle sticks could be commercially lucrative?
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VIX Lurching Higher Off Historical Support On Greece Worries (VIX)

Posted on 03/19/10 at 4:24pm
Renewed uncertainty over the Greece bailout sent equities down and the Chicago Volatility Index (VIX) skyward. The VIX was up 5% in early morning trading, though has settled up around 3% as of 3:30 est.
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Apple Is Hoping To Have Apps For That (AAPL)

Posted on 03/19/10 at 4:19pm
Apple Inc. (NASDAQ: AAPL) has announced that it will begin accepting submissions for iPad specific applications to be included in the iTunes store. To be ready for the official iPad launch on April 3rd, developers must submit their application for approval by March 27th.
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Energy ETF Under Pressure (XLE)

Posted on 03/19/10 at 3:45pm
In the last several minutes, the Dow Jones Industrial Average has come under increased pressure, and is down about 73 points. One of the weak spots in the market today has been the energy complex which has been hurt by a strengthening dollar on renewed fears over Greece. Crude oil futures have lost $1.77 and are trading just above the critical $80 level at $80.45.
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Healthcare ETF Close To Going Green (XLV)

Posted on 03/19/10 at 3:32pm
Nobody should be too surprised that the Dow Jones Industrial Index has pulled back today after a run of 8 straight days in the green. Right now, the Dow is 48 points lower at 10,730. As a result of options and futures expirations today, volume and volatility will likely pick up going into the last half hour.
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Boeing (BA) Plans To Raise Production Of 777s And 747s Sooner-Than-Expected

Posted on 03/19/10 at 3:29pm
Boeing Company (NYSE: BA) plans to increase production of 777s and 747s sooner-than-expected to cope with rising demand.
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