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Friday, April 30, 2010

SPY and GE - Update














GE is in a wide trading range, that could a nice pick'em a go play. Attempt to retest the 18.90 and 18.50 level again, but three times, could it be a charmer.














SPY cleared for the downside move and may cont. pattern on Monday, as Greece will have the bailout info this weekend, maybe. Will have to see if this will be the start of some needed correction in this market. We normally, have been getting 8% pullbacks. Market still will test 118.25 support level, which is still key level . . .

Thursday, April 29, 2010

SPY - Update















This weekend will about how the International Bailout plan works out. Appears on this 60 minute chats we are consolidating in the Apr 16; drop zone. May will be other opportunities . . .

GE - Updated














Price action is on a cont. pattern and will have to see what May will bring for this market. However, on this 60 minute chart we are in a sideways trend.

Monday, April 26, 2010

GE - Updated














GE cont to the upside and should run into resistance at the green line, so look for a possible reverse of trend in this area. Banks lead the markets down and will have to see how this will effect this stock in the short term.

Saturday, April 24, 2010

UpComing Earnings

GE - Update














Steady as she goes, GE appears to be in uptrend movement with the daily chart. See notes on chart. Key here is for the stock to stay within the Apr 16th - Red Candle, as it appears it is trying to work off. first attempt was on Apr 20th; pulled back and is appearing to 2nd attempt.

Key Notes:
16-Jul-10Earnings announcement

Key Price Points:
15-Apr-10Price hit new 52-week high ($19.69)
14-Apr-10Price hit new 52-week high ($19.40)
13-Apr-10Price hit new 52-week high ($19.13)

Friday, April 23, 2010

Target Order Filled - SPY














SPY filled its target on this trade. Markets are still looking, weak. Greece for the weekend and Monday morning.

Thursday, April 22, 2010

Intraday - SPY (Updated w/EOD)














SPY EOD closed pretty good. Do we have stronger Friday or another mishap.


























Looks pretty good for a run to the EOD.

SPY 60 and 10 Minute Charts




























Whee, bounce, Whee - Hum. It appears we are trying (attempting) to recapture the 120 level. As you can see it part of the Apr 20 gap fill. Poss. short here ?!!?.

Wednesday, April 21, 2010

SPY - 60 Min.














EOD for the SPY 60 min Chart.















"Sell in May and Go Away" Hummm. Greece is back in the news with GS news on the move. This is a 60 Minute chart of the SPY. Market are floating today and will have to see about the next two days. Earlier we recover all of Friday's dip, however, it is currently being giving it back slowly. USD is a runner vs. SPY dipper.

Tuesday, April 20, 2010

SPY - Updated InterDay Thoughts



























We got a nice bounce off the 18 MA on the daily and looks like we may cont. to recapture the Friday down day (GS news). As, there is no real moving EcoNews this week. Congress, was boring and the ex-CEO of Lehman was trit and very boring . . .

Monday, April 19, 2010

SPY - Updated














What appears on the 10 and 60 min charts that the SPY has made a higher low and may cont., retest the $120 - $121 level negating the bear flag pole for now. SPY $118.25 would been a big test for the markets. GS drop to the low of Fri of 155 and climbed to higher ground in front of its earnings tomorrow. School yard rules for Govt vs GS., Fin reform . . .

No much in terms of EcoNews, so back the the USD/PPT moving the markets . . . We believe the earnings bar has been set pretty high and only time will tell.

Thursday, April 15, 2010

Google - Missed w/ Moblie and China #'s


















This an AH chart for Google. Drop of 17 plus points to the down side, GOOG was up most of the day and then the skies opened up . . .

Wednesday, April 14, 2010

Opening Watchlist





Looking for a bounce in DNDN, appears that DNDN is trying to close a Gap and Fill from a couple of days ago.

Thursday, April 8, 2010

EOD Trading

Horse Players

Track Horse Bet Payoff Paid
Aqueduct - 6 6 Chromospere $2.30 $28.75
Keeneland - 6 Captin Canuck $0.00 ($25.00)
Aqueduct - 7 9 Grace And Courage $2.90 $36.25
Aqueduct - 7 7 Fiona Storm $2.30 $28.75
Keeneland - 7 8 Grassy $3.20 $40.00
Aqueduct - 8 5 Telemachus $0.00 ($25.00)
Keeneland - 8 5 Witty $0.00 ($25.00)
Total $58.75
Total Inv. $150.00
ROI 39.17%

Mid Afternoon- Update

AMD Advanced Micro Devices Inc. 9.66 9.4 -2.69%
MS Morgan Stanley 30.02 30.71 2.30%
AUY Yamana Gold, Inc. 10.68 10.57 -1.03%
ABX Barrick Gold Corporation 40.7 40.84 0.34%
GG Goldcorp Inc. 39.87 40.01 0.35%
HGSI Human Genome Sciences Inc. 32.35 32.67 0 .97%
FSLR First Solar, Inc. 126.6 125.93 -0.53%
GOLD Randgold Resources Ltd. 83 82.48 -0.63%

Morning Fututres - Snapshot












Looks like we are heading lower this morning. Initial Jobs Claims in about 20 min will be announced.

AMD Advanced Micro Devices Inc. Technology 9.66
MS Morgan Stanley Financial 30.02
AUY Yamana Gold, Inc. Basic Materials 10.68
ABX Barrick Gold Corporation Basic Materials 40.7
GG Goldcorp Inc. Basic Materials 39.87
HGSI Human Genome Sciences Inc. Healthcare 32.35
FSLR First Solar, Inc. Technology 126.6
GOLD Randgold Resources Ltd. Basic Materials 83

Monday, April 5, 2010

LVS - Updated EOD














Very nice run in the gaming sector today. LVS, WYNN and MGM . . . Still looking for an up move on the properties openings in Singapore at the end of month.

May 21 Call
21.00LJJ100522C000210003.30Up 1.303.403.458601,856

LVS - Updated














Well LVS has found some more of its footing this morning. LVS is marching higher at the time of this post and will probably continue to do so into the launching of the new Singapore property. WYNN on Thursday was up a dollar, while LVS was up only .15 cent for the end of trading on Thursday. Friday markets were closed. Lagger LVS and MGM. Hummm . . . We like LVS and WYNN for casino plays into the opens of their properties in Singapore at the end of this month.

May 21 Call
21.00LJJ100522C000210002.72Up 0.722.682.722881,856

A very nice return on investment $1.95 initial from Thursday closing price. 10 contract = $730 minus commission. Looking for any major pullback to mid flag range to re-buy options. MGM made a $1.00 run into the opening of Aira on Dec 16, 2009; in Las Vegas, maybe this will be the same effect for LVS and WYNN. Time will tell.

Saturday, April 3, 2010

LVS - Marina Bay Sands - Singapore - April 27, 2010 Opening









































Updated:


CONSTRUCTION UPDATE – 3rd March 2010

The magnificent Sands SkyPark is beginning to look like a park with more than 20 trees now planted 200 meters in the air. The 150-meter swimming pool is taking shape too.

The hotel rooms have been fitted out up to Level 40. All the tower cranes have been removed from the roofs of the casino and the Sands Expo and Convention Center. Roof cladding on both buildings is nearly complete. Concrete work continues at the two crystal pavilions.

ReCap:

Marina Bay Sands Chief Executive Officer Thomas Arasi said the property is planning for 963 hotel rooms, part of the shopping mall and convention center, celebrity chef restaurants along with other dining outlets and the casino to open on April 27 subject to construction proceeding as scheduled and being able to attain the necessary regulatory approvals.

The second phase, which includes the Sands SkyPark(TM), the Event Plaza along Marina Bay, more shops from the world's leading retailers, additional dining options, and exciting nightlife offerings, will open on June 23 as part of the property's grand opening celebration, Mr. Arasi said. In October, one of the property's two state-of-the-art theatres will welcome Disney's The Lion King.

The second theatre, which will also open later this year, will be home to a variety of special events and famous headline acts. The iconic Marina Bay Sands museum, expected to open by December, will not only feature international blockbuster exhibitions, but it will also serve -- with its unique lotus-inspired design -- as a symbolic welcome to guests from around the globe.

"We are intently focused on meeting our construction time-line and preparing our team for opening and operating this extraordinary destination. We extend our gratitude to the people and government of Singapore for their steadfast support. We are confident Marina Bay Sands will make Singaporeans proud and that it will have visitors from all parts of the world traveling to Singapore to see it themselves."

LVS - MAY 21 CALL





Implied volatility inflates the price of an option’s extrinsic value; i.e., time value. When implied volatility rises, so do option prices because the time value associated with those options is more expensive. Conversely, falling implied volatility produces cheaper options.

If you buy options when implied volatility is high, you run the risk of a subsequent drop in implied volatility and a corresponding drop in the price of your options. As an option seller you can take advantage of the rich implied volatility levels and then buy back the same options after implied volatility subsides.

Buying options when implied volatility is low reduces the chance of a subsequent drop in values and positions you to profit should implied volatility rise.