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There are 9 reasons why you SHOULD trade options on ETFs... and they're in this vide
There are 9 reasons why you SHOULD trade options on ETFs...and they're in this video...
9 Reasons to trade Options on ETFs
You'll learn from John Carter...
Why ETFs are his BEST Instrument for Options Trading
How he wires 34k from his Trading, to his Personal Account
Why ETF Options are untouchable by Market Makers
And a LOT more...
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Video shows legendary 223k profit day in the market
Proof that 'account size doesn't matter' is often very hard to find. People say it doesn't matter...but can't prove it.
This video PROVES it
Legendary trader John Carter had a pretty good day recently... where he recorded live his 223k trading day! This was recorded in his REAL money accounts...
97k on Apple
93k on Google
104k on Priceline
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Just Released: 50 top movers in 2013
Just Released: 50 top movers in 2013
MarketClub.com has been in the business of trend following for decades, and they are happy to announce that you can take a look at Today's Top 50 Trending Stocks now...for free! This dynamic report is a list of market movers that can make a difference in your portfolio for 2013.
It costs you nothing, and it could be the game changer you have been looking for.
It's time you started trading like the smart money, get started today for free!
Just go here to access your list of top 50 trending stocks!
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Join our stock picking contest
See how your picks stack up against other posters - join our weekly stock picking contest. Your win will be registered under your username and everyone will know about your stock picking talents.
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Barchart.com Morning Call for Friday, May 11, 2012
Barchart.com Morning Call for Friday, May 11, 2012
Overnight Developments
E-mini S&Ps are down -8.00 points (-0.59%) this morning on JPMorgan's $2 billion trading loss and weaker-than-expected Chinese retail sales and industrial production data. Commodity prices are trading lower across the board. The dollar is mildly higher by +0.13 points (+0.16%) on increased safe-haven demand. JPMorgan after Thursday's close publicly disclosed that it had a $2 billion trading loss on a synthetic credit securities position. JPMorgan's stock is down about 6% in European pre-market trading.
European stocks are trading lower with the Euro Stoxx 50 down -0.73%, also undercut by the JPMorgan news, the Chinese economic data, and the fifth day of Greek attempts to form a government. The European Commission today released updated forecasts that the Eurozone economy in 2012 will decline by -0.3%, which was unchanged from its forecast in February. The Commission is forecasting a return to positive growth in 2013 with GDP growth of +1%. The Commission is forecasting GDP growth for this year of -4.7% for Greece, -1.8% for Spain, -1.4% for Italy, and -3.3% for Portugal.
Italy today successfully sold 10 billion euros of Treasury bills, meeting its target and not running into any problems. Spanish Prime Minister Rajoy later today is expected to announce details of a new bank cleanup plan.
The markets today are awaiting talks by Socialist Pasok Leader Venizelos with New Democracy leader Samaras to see if Pasok, New Democracy and Democratic Left can form a coalition government. Mr. Venizelos had positive talks yesterday with Democratic Left leader Kouvelis. Those three parties together easily have a working majority in Parliament that can create a government that intends to affirm the basic tenets of the bailout requirements and keep Greece in the Eurozone.
China released several economic reports overnight. China's April CPI eased to +3.4% y/y from +3.6% y/y, which was in line with the market consensus. April industrial eased to +11.0% y/y from +11.6% y/y in March and was weaker than the market consensus of +11.7% y/y. April retail sales eased to +14.1% y/y from +15.2% in March and was weaker than market expectations of +15.1%.
Asian stock markets today closed lower across the board: Japan -0.63%, Hong Kong -1.30%, China -0.76%, Taiwan -1.10%, Australia -0.24%, Singapore -0.70%, South Korea -1.51%, India -0.77%.
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Alexion Pharmaceuticals ? Technical Analysis
Alexion Pharmaceuticals (ALXN) is an extremely interesting title from the technical point of view, for his standard linear growth with few variations over the last three and a half years, period during which grew over 500%. Although this movement could be already a bit exhausted, the sky is the limit and it seems to be creating a repeating pattern.
In the last three times it reached a top, it ended up having a slight decline, followed by a breaking up for a new high. These downturns have led to a rising trend line of medium / long term. Despite not having many points of contact, has proved to be effective. Notice that, in each retraction volume decreased, increasing immediately afterwards, demonstrating a clear bullish signal.
There is currently doing a new retraction after a top, with gradually decreasing volume, and closer to the trend line.
It seems to me a clear buying opportunity, if it approaches to the trend line. Despite being a biotech, with all the inherent risks, the risk / benefit ratio is
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What to do with Facebook's upcoming IPO?
As most of us know Facebook's IPO is not far away. I've heard a lot of discussion going on about when to buy Facebook shares. Should you buy them on the IPO date itself or should you wait a couple of days?
A other interesting thing I heard is to buy shares of companies who already have a stake in Facebook before the IPO.
What do you think is best?
-Don't buy at all
-Buy shares of companies that already have a stake in Facebook
-Buy Facebook shares on the IPO date
-Buy Facebook shares a couple of days after the IPO date
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Penny Stock Watchlist 5/11
LOL at RARS, going to screw everyone. Maybe, who knows. Yesterday everyone screams its the new APS, now everyone screams I told you it wasn't. Best part is it still could be, as VictoryMark sent out another round of emails tonight, and they have ties to the APS family. Its really anybody's guess from here. We'll see what the price action says in the morning.
Still holding ORYN, TASR, ELTP, NEOM as well. Details of my current holdings, and plans (members only)
Here's the list for Friday, and hoping that a miracle comes to RARS via APS? EH EH, drinking beers tonight for sure!
ARNA - Huge news today on FDA panel suggested their weight loss drug be approved. Up about 90% after hours. Learned that one member '43north' actually held through and is up big right now. Props to him. Makes my gap up sell yesterday not so hot. Anyway, watch dips as there should be plenty of sellers looking to cash in. Probably just day-trade dips, may hold a few o/n depending on how it closes.
GWBU - Still inching up. A bunch of little promoters claiming its the next big thing, but again who knows. No confirmed big promo yet.
ORYN - This is the same group as STVF & STEV, watch dips, not necessarily a breakout buy unless volume picks back up. No guarantee it runs crazy, but I'm holding a few from .95 in case it does.
DYN - coming off bottom. Watch the .48/.50 levels, as if these fall .60 is not out of the question.
IZEA - alerted bounce watch yesterday under .20, now .50. Not sure where it goes from here, but watch for the momentum follow through, todays hod break.
TTDZ - sub-penny to watch. A little action into close today, and just ran last friday. Could we get another Friday run? Needs over .002 again. (this company is a scam in all means of the word based on past events. Day-Trade Only if you play)
VPIG - Virtual Piggy! More like Virtual Bull! This thing won't stop. Not a breakout buy anymore. I'm sure plenty are looking to short it, so watch for any major pullbacks for quick bounces at this point.
BDLR - Possibly setting up for the next leg higher. Needs over 4.50.
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TSYS Upward Swing
TSYS is a potential swing I've been looking at closely. Very steep downward momentum last week, buyers took over around 1.6 and currently in upward swing. Candle closed at today's high, bulls are still in control.
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Penny Stock Watchlist 5/10
RARS
I think that's all you need tonight. Last time I did a one stock watchlist was AWSR and we all know how that turned out; as they pulled it completely and it tanked. This time will be different I believe. Members I will post an in-depth watchlist giving my thoughts on it plus a few others in later tonight.