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rffrydr
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 Posted: Tue Oct 18, 2011 5:59 pm Post subject: |
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IBM a 62pt (Impact) drag on the Dow today. I don't think Apple will stay down into the close tomorrow after 4million piece weekend but, longer term, the Zen Master of Cupertino (1 Infinite Loop Cupertino) will weigh on this stock. Already Spotify, Netflix, Amazon, Dropbox are pulling at the edges of this new "windows" closed system. Android is banging head on. And buttons will have a hold on the texters for awhile still.
| Quote: | Banks leading the way for the first time
By Scott Redler | Oct 18, 2011 | 2:53 PM EDT
Very nice action today! They tried stuffing this rally early on but we held the low for last Thursday. 1190 was the aggressive bullish support are to buy- and it paid if you were prepared. Most got in small since it was hard to tell if that was the area that would hold.
The banks held up for 60 minutes and the shorts couldn’t sell them down (first time we saw a 60 minute commitment).
As I talk to people today, everyone seems grouchy. Maybe everyone was waiting to buy around 1175, the bigger support, or they tried shorting the banks again today.
If AAPL delivers tomorrow the 1220 level will be in the rear view mirror.
I usually don’t do options but it’s AAPL -- I am long the October 415 calls, I paid 13ish. If they deliver stock should be 440 tomorrow, giving us about a double. Not a home run but a trade. If they announce a split, then it gets interesting.
I don’t take stocks into earnings, but if you are an investor here, I’m sure long term you will be fine. If you buy this strategy, make sure you consider it a loss as soon as you pull the trigger. 90% of options lose. |
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rffrydr
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| Posted: Tue Oct 18, 2011 10:57 am Post subject: |
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Just when you forgot they existed, homebuilders rock it with:
"Homebuilders slightly less Pessimistic"
Missed it. Missed it. Now you gotta kiss it. 
some filler:
| Quote: | Homebuilders Humming
By Gary Morrow | Oct 18, 2011 | 1:50 PM EDT
An uptick in Homebuilder’s confidence has lit a fire under the sector. The list of top percentage gainers on the NYSE is flooded with the tickers of surging stocks in the group. Beazer tops the list with an 11% gain closely followed by Meritage, Toll, Ryland, D.R. Horton, Pulte and KB Home, all up better than 8%. Lennar, MDC Holdings and Standard Pacific round out the top 25 list with 7% jumps. Volume is running above trend in most of these stocks but a real standout is Toll Brothers. The stock is still trading well below its September highs but has taken out its 50 day moving average with ease. TOL now has solid nearby support in place near the $16.00 area. Also of note is the action in Home Depot today. HD is has been bumping up against its August highs since its early September bottom. The stock has traded through this level, just above $35.00, but has been unable to close above. Today HD is pushing past this level and is also taking on heavy resistance near its 200 day moving average. Volume is very light all month and continues to be today. This will have to change, and soon, if the rally off the October spike lows has more upside ahead. The $35.00 to $35.60 area has the potential to develop into a major layer of support. |
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nodoodahs
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| Posted: Fri Oct 14, 2011 8:08 am Post subject: |
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Sentiment may shift based on penetration/lack thereof of recent highs. 1225 on the SPX, 7600 on the NYA, 730 on the RUT. I don't consider the DJI or Nas to be real, functional "market" indices.
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rffrydr
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| Posted: Fri Oct 14, 2011 7:56 am Post subject: |
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Furniture rose 1.1% -- surprising. More surprisingly, it has been strong the past three months. "Paradox of Thrift"....
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rffrydr
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rffrydr
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| Posted: Thu Oct 13, 2011 8:08 am Post subject: |
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WWW and we were due, but, for the life of me would Trichet just shut up and go quietly into the impeccable sunset. The ECB's position on bond haircuts is known, It does not need to be restated now. It is also known the ECB's position that "europe" is beyond its control and requires fiscal politics. We're there now. Better they all shut up all along.
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rffrydr
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| Posted: Thu Oct 06, 2011 1:57 pm Post subject: |
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Would ya just look at that buying INTO bad jobs number....would 'ya?
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rffrydr
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| Posted: Thu Oct 06, 2011 12:32 pm Post subject: |
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Goldman on what the French will dump:
European deleveraging – a US bank benefit
We believe aggregate US dollar funded assets held by French banks exceed $100 bn, which we expect them to begin to shed. Areas of reduction will most likely focus on (1) aircraft leasing, (2) commercial real estate, (3) equipment financing, and (4) leveraged loans. We believe the US banking system has sufficient capital and liquidity to absorb these assets.
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rffrydr
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| Posted: Tue Oct 04, 2011 2:56 pm Post subject: |
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Don't you dare sell against the jesus phone!
Just like clockwork...Aug 8, lows 
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rffrydr
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| Posted: Tue Oct 04, 2011 7:57 am Post subject: |
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Well here we are...sitting on Aug 8 overnight lows.....on iPone day to add insult to injury!
Once more into the well, Selling MSFT Nov 24 puts. 
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rffrydr
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| Posted: Mon Oct 03, 2011 2:11 pm Post subject: |
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Well.....started with banks up and the better than expected economic stats. The Greece news over the weekend is not bad....Q1V can move this around a lot...but the flames burn higher. And there's still some gilded-age xxx to burn.
BAC stands to the be the first big spillover test. Market wants to hand back a big bank for a trail separation. Let the govt. regulators handle it....
'Til this last week, we've been good resisting the urge. Probably on dollar inflows though I was thinking something better. Now the hands go up with the rest.
MadMan says just fail Greece now and take the writeoffs.....see where they lay.  
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rffrydr
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| Posted: Mon Oct 03, 2011 8:14 am Post subject: |
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Went for the short duration Kodak debt. The Hollywood annuity will keep them around long enough for these to breakeven, patents or no patents. And if you like Depression, '08 was a very good year for Box Office.
PS Rail shipments at three-year highs. Part of this is a "greening" effect...but still.
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rffrydr
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| Posted: Mon Oct 03, 2011 6:09 am Post subject: |
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BE
So good morning.
BE
And welcome to Markets Live
BE
Wasn’t it a nice weekend?
BE
Two days of not worrying about Greek default.
BE
Sadly, the weekend must end.
NH
not really
NH
pretty awful if you ask me
NH
still at least the market is donw
NH
that makes me feel a bit better
BE
Fair enough. And down it certainly is.
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