Bernard Madoff is sentenced to 150 years in prison by a federal judge
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29Junbreaking market news, breaking news, breaking stock market news, breaking stock news, breaking wall street news No Comments
Tags: Bernard Madoff, breaking news, Madoff, Stockshakers Breaking news
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29JunMovers & Shakers, breaking market news, breaking news, breaking stock market news, breaking stock news, breaking wall street news, daily stock picks, daily stock tips, daytrades, free stock info, free stock picks, free stock tips, market analysis, market projections, short term investments, stockmarket analysis, technical analysis, trend No Comments
With each rally here we will sell.
The goal is to have 3 to 4 positions max short the indexes on each rally here.
The trend is pointing to additional selling.
We will utilize put options to maximize our potential for return.
Always keep the risk to reward ratio in mind on every trade.
Tags: free trade, option trades, puts, sell the rally
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26JunMovers & Shakers, daily stock picks, daily stock tips, free stock info, free stock picks, free stock tips, short term investments, trading, trend No Comments
At this point we would love to see continuation of the rally, however be aware there are indications now that we may see selling here.
The Quarter is coming to an end Tuesday. The Big Walstreet machine will want to make a run up and the window dressing will be in full effect.
If the rotations don’t sync just right from losing positions to the more desireable mutual fund holdings for the quarters end we will see the some selling here.
Lock in your profits and look to reverse course here. There is no shame in a cash position.
Open positions :
RIMM CALLS
MOS CALLS
JRCC CALLS
STSI CALLS
XTNT CALLS
Stay nimble.Michael Jackson - you were one of a kind and you will be missed.
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25JunMovers & Shakers, breaking market news, breaking news, breaking stock market news, breaking stock news, breaking wall street news, free stock info, free stock picks, free stock tips, market analysis, market facts, market projections, stockmarket analysis, stocks, technical analysis, trading, trend No Comments
Hope you took advantage of the Call options like other Stockshakers did.
We are heading to the most expensive restaurant in town to celebrate.
Great last few days for us returns of 22%, 38%, 59% & 72% on the call options on 4 different positions.
More analysis to follow. (After dinner)
Tags: call options, free stock info, free stock tips, positions, rally, trades, trends
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23JunMovers & Shakers, daily stock picks, daily stock tips, fed action, free stock info, free stock picks, free stock tips, market analysis, market facts, market projections, short term investments, stockmarket analysis, structured settlements, technical analysis, trading, trend, usa economics, watchlists No Comments
FOMC - June 23 & 24, 2009 - Rate Announcement - Wed. June 24th, 2:15 pm ET
We will now see a fast early dip in Wednesdays session follwed by a fast fill of the gap down.
Stockshakers are buying QQQQ calls and SMH calls on the dip. This will be our second set of these orders.
We will sell if we see the sectors rise above the 5 day moving average on the session.
If we see selling in the later portion of the session we will buy the 3rd unit of each as long as we remain above the 200 day moving average.
Our target then would be to sell on Thursdays rally when we are above the 5 day moving average for each.
Buying Puts on :
V
CTCM
WSH
IPICalls:
RMBS
TQNT
XTNT
DNDN
JDSU
GYMB
JRCC
RIMM
OCLS
CSUNTags: calls, FOMC, free stock picks, free stock tips, guidance, market projections, options plays, puts, Rate Announcement
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20Junbreaking market news, breaking news, breaking stock market news, breaking stock news, breaking wall street news No Comments
STOCKSHAKERS BREAKING NEWS: The Wall Street Journal reports that Apple CEO Steve Jobs had a liver transplant about two months ago.
Tags: aapl, apple, breaking news, steve jobs, Stockshakers Breaking news
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14Junbreaking market news, breaking news, breaking stock market news, breaking stock news, breaking wall street news, global economy No Comments
June 14th, 2009
Poll: Most Israelis support bombing Iran’s nuclear reactorA majority of Israelis support bombing Iran’s nuclear facilities if international efforts to stop the Islamic republic from developing nuclear weapons fail, according to a Hebrew University poll released Sunday.
Some 52 percent of Israelis say the country should bomb Iran’s nuclear reactor, while 35 percent are against, the poll found.
Palestinians are somewhat more evenly divided, with 43 percent saying a nuclear Iran would be good for the Arab world and 33 percent saying it would be bad, according to the Palestinian Center for Policy and Survey Research in Ramallah.
Hebrew University released the poll shortly before Israel’s Prime Minister Benjamin Netanyahu was due to make what he called a major speech to lay out his plan for the country’s peace and security.
“We want to achieve peace with the Palestinians and with the countries of the Arab world, while attempting to reach maximum understanding with the United States and our friends around the world,” Netanyahu said on June 7 in announcing the speech. “My aspiration is to achieve a stable peace that rests on a solid foundation of security for the State of Israel and its citizens.”
Netanyahu, of the center-right Likud party, has pointedly refused to endorse a two-state solution.
Obama in Cairo endorsed a two-state solution and urged compromise between “two peoples with legitimate aspirations.”
Obama repeated his call for both Israel and the Palestinians to fulfill all obligations under the 2003 roadmap to peace, including a halt to any expansion of West Bank settlements by Israel. He also dispatched special envoy George Mitchell to the region to try to kick-start the negotiating process.
He called America’s bond with Israel “unbreakable” but also rejected the legitimacy of continued Israeli settlements and said Palestinians have suffered in pursuit of a homeland. He also called for an end of Palestinian incitement against Israel, and greater security in Palestinian territories.
Hebrew University surveyed 606 adult Israelis by phone in Hebrew, Arabic or Russian between May 24 and June 3. The margin of error is 4.5 percentage points.
The Palestinian sample size was 1,270 adults interviewed face-to-face in the West Bank, East Jerusalem and Gaza Strip in 127 randomly selected locations between May 21 and 23. The margin of error is 3 percentage points.
Tags: breaking news, woeld news
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14Junbreaking market news, breaking news, breaking stock market news, breaking stock news, breaking wall street news, money, trend, usa economics No Comments
Gas prices up 17 cents
Prices at the pump went up nearly 17 cents over the last two
weeks, according to a survey published Sunday.The average price of a gallon of self-serve regular is $2.66, the
Lundberg Survey found. The same survey found prices an average of 16.68 cents lower two weeks ago.The price calculated by averaging prices at thousands of gas stations nationwide is $1.34 lower than the average one year ago. Last year in June, retail gas prices were nudging the $4 mark, and stayed at that level or above until late July.
The most recent increase is not a reflection of increased demand,
according to survey publisher Trilby Lundberg.“It’s a direct result of continued increases in the price of crude, with
crude oil itself responding to a flight from the weaker dollar on the
expectation of rising inflation from federal monetary policy,” Lundberg said.“Demand is not increasing. It is shrinking.”
Tags: Gas prices, U.S.A.
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14JunMovers & Shakers, breaking news, breaking stock market news, breaking stock news, market analysis, market facts, market projections, markets, short term investments, stockmarket analysis, stocks, technical analysis, trading, trend No Comments
Equities in a sideways grind as computer glitch strikes
Wall Street stocks headed towards a muted end to the week yesterday after hitting their highest close of the year on Thursday.Equities continued to travel sideways on a day when floor trading in 242 companies, including Exxon Mobil and General Electric, was halted because of a computer problem.
The broad market had been confined to a narrow range all week, as surging commodities lifted energy and materials stocks, but squeezed the consumer sector.
Oil peaked at more than $73 a barrel on Thursday, but then fell back again on Friday. Its movement was matched by that of leading energy producers.
Schlumberger rose 8.6 per cent in the first four sessions of the week, but fell 3.6 per cent yesterday to $59.94. Chevron lost 0.5 per cent to $71.57.
Metal producers also lost some of the week’s gains as the boom in prices for their products slowed. Freeport McMoRan , the copper miner, lost 2.6 per cent to $58.86. AK Steel , the steel maker that has surged over 11 per cent this week, fell 7.1 per cent to $19.63.
The markets dipped after the release of figures suggesting consumer confidence in June would not be as high as predicted.
Although they quickly rebounded, consumer stocks continued to suffer.
Media companies, sensitive to the consumer because of their reliance on advertising, were some of the biggest fallers.
Comcast declined 2.3 per cent to $14.17, while News Corp gave up 2.9 per cent to $10.20 and Time Warner fell 1.8 per cent to $25.71.
By midday, the benchmark S&P 500 index was down 0.5 per cent at 940.13, while the Dow Jones Industrial Average lost 0.1 per cent to 8,758.75 and the Nasdaq Composite index gave up 1.2 per cent to 1,839.20.
That left the S&P exactly where it was at the end of last week, while the Dow fell 0.1 per cent and the Nasdaq lost 0.6 per cent.
The market spent the week focused on interest rates and the threat of inflation as climbing commodity prices were further fuelled by a falling dollar and climbing bond yields.
Last week’s better-than-expected fall in non-farm payrolls triggered worries that an improving economy could prompt the Federal Reserve to raise interest rates later this year.
“Inflation is a serious threat, perhaps not in three to six months, but in 12 to 18 months, and we have been investing in inflation protection assets,” said Charles Zhang, managing partner of Zhang Financial.
BlackRock finally confirmed its $13.5bn purchase of Barclays Global Investors on Thursday to create the world’s largest money manager.
The impending deal had been widely reported during the week, sending BlackRock’s shares up more than 11 per cent. The final price was a shade over the $13bn that had been widely reported, however, which sent BlackRock’s shares down in early trade. By midday, they were off 6.2 per cent at $171.27.
The company was also hit by a downgrade in its credit rating from S&P following the deal, which will give it an extra $3bn of debt.
Elsewhere in the sector, Hartford Financial , the insurer and financial services company, said it would take $3.4bn in government bail-out money and sell $750m of stock amid what it called a “continued uncertain economic environment”. This sent the company’s shares down 7.8 per cent to $12.98.
In the technology sector, National Semiconductor shares fell after it reported a loss.
The microchip maker saw better sales than expected, but had to pay more than $100m in restructuring costs, leading to a worse loss than had been predicted. Its shares dropped 7.6 per cent to $13.37.
Other microchip companies also suffered. Texas Instruments lost 1.5 per cent to $20.53 while market leader Intel gave up 1.6 per cent to $16.09.
Tags: computer glitch, Equities
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14JunFinancial transaction, analysis, banking, breaking market news, fed action, liquidity, loan, long term investments, market analysis, market facts, market projections, markets, usa economics No Comments
Obama eyes tighter controls on banks and Wall Street
President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America’s troubled financial institutions, proposing the most ambitious revision since the Great Depression.
The goal is to prevent a recurrence of the economic crisis that erupted in the United States and exploded last fall with devastating consequences still reverberating around the world.
Unlike the government’s temporary ownership stake in automakers and major financial companies, the regulatory changes set to be announced Wednesday are designed to be permanent. They could result in a major realignment of power and authority among government agencies that set the rules for banking, lending and investing and touch American lives through daily transactions, from credit cards to mortgages and mutual funds.
The proposals already are the source of a spirited debate in Congress over whether Obama’s measures will prove too timid or place too heavy a hand on the levers of capitalism.
At issue is a 21st century system of high-stakes swaps and trades, bets and losses where trillions of dollars worth of investment products have grown too intricate for a 20th century regulatory structure.
Imagine today’s financial transactions as an athletic contest where the referees have lost their vantage point. Plays occur out of their sight and fouls go undetected. Some referees halt play while others let it go on.
Even the players have had enough.
“On a macro-basis, we’re very supportive of reform,” said Tim Ryan, president and chief executive of the Securities Industry and Financial Markets Association.
In devising new regulations and oversight, the administration is looking to address four perceived weaknesses in the current system:
The lack of an all-seeing federal entity to detect institutional stresses that threaten the financial system, and the government’s inability to step in and unwind large institutions before they choke the system. The Federal Deposit Insurance Corp. can do this with banks. But the government lacked the power to do the same with a behemoth such as the insurer American International Group Inc.
The undercapitalization of large financial institutions. Heading into the financial crisis, too many banks were leveraged with significantly more debt than equity. “If you give people enough leverage, they can lose an unbelievably large amount of their own money and that of their clients,” Obama’s chief economic adviser, Lawrence Summers, said last week.
The emergence of large, lightly regulated markets, such as hedge funds, and of big insurers, such as AIG, without a federal overseer. The administration wants large private investment funds to register with the Securities and Exchange Commission and is weighing the creation of a federal charter for insurance firms.
Consumers and lenders whose unwitting or reckless credit and borrowing decisions placed families under staggering debts and contributed to the instability of the financial system. Obama is likely to recommend creating a financial services consumer protection body with oversight powers over mortgages and credit cards and other consumer financial products.
Internally, the administration has vacillated over whether to streamline the vast array of regulatory agencies.
At one point, Treasury and White House officials floated the idea of a single financial services regulator to oversee banks and certain insurers. But it didn’t get a warm reception from the chairman of the Senate Banking, Housing and Urban Affairs Committee or the chairman of the House Financial Services Committee.
The administration backed away from the idea.
But last week, Sen. Chuck Schumer, D-N.Y., a key player in financial issues, called on Treasury Secretary Timothy Geithner to include a single banking regulator in the administration’s overhaul plan. House Republicans want streamlining, too, but would take power away from the Federal Reserve and the FDIC.
The administration considered merging the Securities and Exchange Commission, the powerful stock market regulator, and the Commodities Futures Trading Commission, which oversees commodity futures and some options markets. But the move would have meant congressional and regulatory turf battles. At a dinner two weeks ago, Geithner told key lawmakers he would not propose the merger.
“The Obama administration — because they’re working in a more realistic environment are into the art of the possible,” Ryan said.
One way or another, the Fed could be a winner in the administration’s plan.
The administration and Fed Chairman Ben Bernanke would like the central bank to be the overarching “systemic risk” regulator, lording over the financial system in search of flaws and weak stress points. Such a role would give the Fed exceptional authority as both the manager of monetary policy and the overseer of the enterprises with the biggest financial footprint in the country, if not the world.
Industry officials now expect Obama and Geithner to propose a system that makes the Fed a supervisor of systemic risk assisted by a council of regulators that would advise the central bank about potential dangers.
Also in the debate is how to handle failing institutions that pose a threat to the entire financial system. The administration wants a beefed up FDIC to carry out that function provided such intervention is triggered by Fed or Treasury regulators.
Republicans prefer that companies be restructured or liquidated in bankruptcy court.
Alabama Rep. Spencer Bachus, the top Republican on the House Financial Services Committee, urged lawmakers to reject a regulatory system “that depends on the infallibility of the government regulators, who have so far shown themselves unable to anticipate crisis, let alone prevent them.”
In a speech Friday to the Council on Foreign Relations, Summers offered the administration’s counterpoint: “Any financial institution that is big enough, interconnected enough or risky enough that its distress necessitates government writing substantial checks, is big enough, risky enough or interconnected enough that it should be some part of the government’s responsibility to supervise it on a comprehensive basis.”
Tags: banks, obama, wall street
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