July Closeout

Today the markets are dropping like a rock at the time of this posting, we are currently hold a long and short position GS which is currently under water. Meaning we are in our dead zone, not making a profit, however, showing a loss. GS need to come down to our new target of $157.50 level low or shoot back up to the $165 level high.

On a positive note: July was a good month for us, as we posted a 44% gain, with 9 trades completed for the month. The above open trades are being rolled over to August, due to the time of a bad execution on our part of re-entry of a call position, in front of housing and Big Ben speech, also the CFTC hearnings which is GS bread and butter. Big Ben is speaking after the markets are closed today, as well. h

Well, we did it anyways and (purchased calls) should have sold them same day for a mere $60 per share profit, however, greed and hope, came into play. Housing numbers were good for a min. and we broke the rule and got caught with our hands in the golden honey pot, like captain hook line and sinker. We thought this was taken care of this greed and hope thing, but we still in a lot of work on it.

Watchlist Update

The watchlist did pretty well, consider this 10% run in the last couple of weeks in trading days, the overall market, 6-month highs. I know it could have gone either way, most of the earnings are superior to the revenues. Meanings all of the analysts numbers are low, but companies are using cost cutting to blowout these numbers the analysts are giving them. Looking at the Revenue side the are either flat or missed.

Looking for the market to take some profits off the table going into the weekend, look for a slight lower close to flat. BIDU will announce earnings today, so if you have a profit take it off the table and keep the powder dry.

Earnings for July 20 - 24

This is a current watchlist for July 20 - 24, which not a solication or recommendation of securities for the above list. If targets are hit, take profits and keep your powder dry. Any pullbacks in these companies, could be a major loss(es) to a trading account. Please note CIT is on the list and this is a extremely risky play, due to current market news about the company.

Disclaimer: MCRG may from time to time enter into the above referenced watchlist(s).

Watchlist over $50 - Update

This is an update of Friday, July 17, 2009. As you know today was Options Expiration Day, had a pretty slow day, in the pass this would have been very good or very bad, however, with the markets being timid it is a toss up . . . Oil and Ag sectors were giving us some trouble in the early part of the day and they somewhat turn around at the end of day.

AAPL 147.52 target $150

Milion Capital Research Group - Sold to Close AAPL, at $151.75 +4.23‎ (2.87%‎)

POT 91.58 target $100

Milion Capital Research Group - No Position Held 91.29 -0.29‎ (-0.32%‎)

OXY 67.27 target $70

Milion Capital Research Group - No Position Held 67.75 +0.48 (+0.71%)

SLB 55.48 target $60

Milion Capital Research Group - No Position Held 56.01+0.53 (+0.96%‎)

Even if there is a small profit in this names, you should take them as they come. Market has been running like a cow of a flat rock, it's still a traders market out there. Keep the powder dry. Disclaimer: MCRG may sometimes holds 1-2 day positions in these equitites, this is not a recommendation or solication of securities.

Watchlist over $50

AAPL
147.52 target $150
POT
91.58 target $100
OXY
67.27 target $70
SLB
55.48 target $60

Even if there is a small profit in this names, you should take them as they come. Market has been running like a cow of a flat rock, it's still a traders market out there. Keep the powder dry. Disclaimer: MCRG may sometimes holds 1-2 day positions in these equitites, this is not a recommendation or solication of securities.

Earnings Here and Gone - GS

Well we got the 5% hit, now it's a wait and see what they say in the conference call at 11:30AM ET. We are looking for a 3%; trading range which would put us at a $154.50 high to $145.50 low at current level. The daily chart is showing a W pattern and if we can take out the $151 level the target range, then we can move higher. 20 and 30 MA support is at $145.

Ear To The Wall: GS - Earnings Time

Well what do we have in store for us next week, interms of earnings in the financial sectors. If was a pretty rough start with Alcoa, we believe that there are no green shoots and the market will play the drop and pop game. Meaning the trending-less day coming into earnings. On Jul 6th our target to the downside was taken out and since then GS has rallied back into the range of $140 $145 per shr level. As of today, GS is resting on the top the breakout pattern created on Jul 9th when BAC analysts said a $170 target is likely to happen. Q2 numbers are suppose to be great, however, buy the rumor and sell the tell.

$135 would a nice level to see again in GS, after the annoucement, in a couple of trading sessions we may see this, it is not in possible to get there.

Baked in earnings range only (Tuesday) of a 5% drop or pop range at current level ($141.87) is $148.96 to the upside, $134.78 to the downside.

Based on past patterns in GS they have done a run and dump on its earning's day, so be carefully and keep the powder dry. Talks of 2nd Stim, Bouses. Stealing of the Secret Sauce, humm. just be careful.

Retailers report weak June sales - AP - 27 minutes ago Escalating job worries and rainy weather dampened shoppers' appetite for buying summer staples like shorts and dresses, resulting in sharper-than-expected sales declines for many merchants in June and increasing concerns about the back-to-school shopping season.

US jobless claims at lowest since January - AP - 1 hour, 1 minute ago The number of newly laid off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely due to changes in the timing of auto industry layoffs.

Stocks open higher after Alcoa, jobs report - AP - 21 minutes ago Investors are sending stocks higher in early trading, reassured by Alcoa Inc.'s earnings and some good news on the labor front.

Milion Capital Research Group - Sold to Close
GS - OCT 09 GPYVK 155P at $21.60 +8%

We were looking for the ISM Non-Manufacturing Index at 10PM ET, however the number was positive and did not help us in pushing GS lower from the open. Also, due to light volume, we should've excepted a bounce up and then a continuation of direction in trend. GS was bouncing around like a ball. We (could've-should've) taken open morning profits as the market for GS was down by a full point and change. Any profit is better than a loss. There appears to be more room to the downside for GS. Looking to re-enter on the short side of GS, however, options expiration and earnings are due next week sometime, conference call on 7/16. Let's see where the ball bounces to next. Downside target of $140, and upside $145.

Earnings season is upon us on Wednesday.

Milion Capital Research Group - Sold to Close
GS - JLY 09 GPYSM 165P, at $21.55 +2%

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