Is the warning signal flashing red on oil ?
Comments »Don’t Get Greedy Eddie
Just because i expect the S&P to have some head room up to 1240-1250 we must first get through 1220 and 1228.
I’ll take profits in TNA, FAS, TYH, and other selected shopping list stocks.
3/4s come off today and the rest will stay for the clam next week.
Today is options expiration and more importantly, this a trading environment until we can see a clear long term solution for Europe’s debt problems…..
GLT
[youtube:http://www.youtube.com/watch?v=-WCFUGCOLLU 450 300] [youtube:http:www.youtube.com/watch?v=zqe5FgwPLYU 450 300] Comments »
A Citi Indicator Says It May Be Time to Buy Emerging Markets
Upgrades and Downgrades This Morning
Upgrades
EBAY – eBay upgraded to Outperform at Wedbush
C – Citigroup initiated with a Market Perform at Wells Fargo
RBS – Royal Bank of Scotland upgraded to Add from Neutral at WestLB
AMTD – TD Ameritrade upgraded to Buy from Hold at Citigroup
FLS – Flowserve upgraded to Buy from Neutral at UBS
CLR – Continental Resources upgraded to Add from Neutral at Capital One Southcoast
BCR – C.R. Bard initiated with a Mkt Perform at Rodman & Renshaw
AWAY – HomeAway initiated with an Equal Weight at Barclays
OZRK – Bank of the Ozarks initiated with a Neutral at Suntrust
TSCO – Tractor Supply initiated with a Buy at Keybanc
MDVN – Medivation initiated with an Outperform at William Blair
SCHW – Charles Schwab initiated with an Equal Weight at Evercore
KALU – Kaiser Alum initiated with a Buy at Stifel Nicolaus
WLL – Whiting Petroleum upgraded to Strong Buy from Add at Capital One Southcoast
Downgrades
AIXG – Aixtron downgraded to Neutral from Buy at BofA/Merrill
WBMD – WebMD Health initiated with an Underweight at Barclays
SWK – Stanley Black & Decker assumed with a Neutral at JP Morgan
DNDN – Dendreon initiated with an Underperform at William Blair
VPRT – Vistaprint initiated with an Equal Weight at Barclays
RIMM – Research In Motion downgraded to Underperform from Sector Perform at Pacific Crest
VECO – Veeco Instruments downgraded to Neutral from Buy at Lazard
WSO – Watsco downgraded to Sell from Neutral at UBS
ADBE – Adobe Systems downgraded to Market Perform from Outperform at JMP Securities
NFLX – Netflix downgraded to Average from Above Average at Caris Downgrades
Comments »Gapping Up and Down This Morning
Gapping up
AIR +1.5%, BCS +4.4%, RBS +3.1%, YHOO +1.7%, PLUG +7.6%, TTM +3.1%, DB +2.9%, TXN +1.6%, DMND +1.3%, HBC +1.1%,
NDN +15.6%, WMGI +3.6%, ING +2.9%, MCP +3.9%, CS +2.6%, TTM +3.1%, UBS +1.4%, DB +1.1%, TXN +1.1%,HBC +0.7%,
RPXC +1.9%, AMTD +3.4%, GILD +1.7%,
Gapping down
RIMM -20%, PCX -7.8%, DNDN -1.1%, CBE -5.8%, SDRL -1.2%, SD -1.2%, WFT -1.0%, BP -0.8%, BWEN -19.8%, TRH -2.3%, KCI -0.9%, BAC -0.8%, ADBE -2.2%,
Comments »In Play and On the Wires
Geithner Stresses the EU Get Their House in Order; Washington Willing to Help
Allied World and Transatlantic Call Off Merger Talks
Here are the Six Hottest Investment Ideas from Wall Street Legends
Merkel: Germany Ready to Do What’s Needed to Back Euro
Crack Spreads Soar 6.9%
Gapping Up and Down This Morning
Gapping up
TSPT +18.3%, NCT +7.1%, DB +4.4%, BBVA +4.3%, LYG +3.3%, ACC +3.1%, ING +2.8%, MT +2.7%, CS +2.7%,
BCS +1.9%, SNY +1.9%, BP +1.9%, HBC +1.8%, TOT +1.8%, COL +1.5%, RIO +1%, SCOK +4.4%, COL +1.5%,
PIR +1.3%, RBS +2.3%, SVM +4.9%, AU +1.6%, BBL +1.3%, RIO +1%, BHP +1%, AMAT +2.3%,
Gapping down
UBS -8.5%, CLC -7.8%, BQI -4.3%, GLD -0.9%, VECO -9.4%, AIXG -17.4%, SLV -0.9%, GDX -0.6%, KITD -8.7%, NFLX -14.5%, BQI -4.3%, CLC -7.8%, PWRD -7%, AN -1.1%, ASNA -3.2%,
Comments »In Play and On the Wires
IMF Calls for Structural Reform Over Liquidity as a Means to Solve The World’s Debt Crisis
Merkel Rejects The Idea of a Euro Bond Solution
Here we go again….yesterday equity markets had some hope, but Merkel has decided to reiterate negativity with a belief that EU bonds will not solve the problem.
So far equity markets are ignoring her comments.
Comments »Bernanke Testifies on Systemic Risk Today; Do Not Expects Too Much or Any Comments on Economy
Greece Continues Talks on New Austerity Measures
Despite high unemployment and public protests Greece is moving forward with more austerity measures to instill confidence that they will do what is necessary to stay in the EU and receive bailout tranches.
Comments »U.S. Futures Rise on EU Debt Solution
While there is still no confirmed resolution, law makers are considering a range of options and Geithner said yesterday that the EU has within their grasp to solve the problem themselves. If not there is help and money to be tapped from China, the BRICS, and the U.S. if absolutely needed.
Comments »If Gold Still Backed the U.S. Dollar Analyst Says the Fair Value Would be $10,000
That is Grice’s fair value call. A more conservative estimate is 1/4 the DOW Jones average which would put us at $2,200-$2,500….
Gold currently down $19 @ $1,807
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