Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), INTC (19.75) Current Short Positions (stop-losses in parentheses): None BIAS: 42% Long Economic Reports Due Out (Times are EST): Employment Situation (8:30am), Consumer Credit (3pm) My Observations and What to Expect: Futures slightly higher. Employment will weigh heavily on the market today.
Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), INTC (19.75) Current Short Positions (stop-losses in parentheses): None BIAS: 32% Long Economic Reports Due Out (Times are EST): Jobless Claims (8:30am), EIA Natural Gas Report (10:30am), Treasury STRIPS (3pm). My Observations and What to Expect: Futures up slightly. Jobless claims will set
Futures have reversed course and are now sitting slightly in the green. I really like the Intel (INTC) chart below, and will likely buy some shares at some point this morning. LONG: Intel (INTC)
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.15), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), NSIT (14.79) BIAS: 93% Short Economic Reports Due Out (Times are EST): Jobless Claims (8:30am), Ben Bernanke (9:30am), Existing Home Sales (10am), FHFA House Price Index
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), WTFC (37.71), SLAB (44.80), CERN (82.08), ALB (43.59), HIBB (26.65), WRC (40.95), QQQQ (45.83), SCHN (44.33), NSIT (14.79) BIAS: 106% Short Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), EIA Petroleum Status Report (10:30am), Bernanke Speaks (2pm)
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): ESV (42.84), MR (33.39), SPY (109.07), WTFC (37.71), SLAB (44.80), CERN (83.56), ALB (43.59), HIBB (26.65) BIAS: 81% Short Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Import and Export Prices (8:30am), Business Inventories (10am), EIA Petroleum
Recently I have tried to provide readers on the weekend with the most interesting article from the past week. The article below comes from MarketFolly.com. It details the most popular stocks among hedge fund's top-ten holdings. Perhaps you may be able to find a trading idea or two as a result. Given our focus on
Things are pretty quiet this morning, after yesterday’s solid market rebound. Futures are flat heading into the open with the Dow down 4 points, while the Nasdaq is down 3 points and the S&P is only down a half point.We have a number of reports today with Retail Sales at 8:30am ET, which will