Chart courtesy of www.stockcharts.com ( click to enlarge )

Resistance will appear at the $6.00 per share level. We would like to see a pullback dip to the $4.48 per share level or more before we enter this trade.

HOV Q3 2009 Earnings Release - 2-Sep-09 AMC.

WE DO NOT HOLD ON EARNINGS DAY!

Watchlist for Aug 24-28

This not a recommendation or solication of the above referenced securities. Disclosure: MCRG is currently trading actively in the above securities.

EcoNews

Pretty quite until Thursday and Friday . . .

Notable Earning Report - Update

Update:

Aug 13 Watchlist - Earning day

Closing Price: $51.88 +1.37 (+2.71%)

50 Strike Call - .WMTLJ 3.65
(4 x 365 = $1,460.00)
50 Strike Put - .WMTXJ 1.93
(4 x 193 = $772.00)

Wal-Mart foresees same-store sales in the current quarter between flat and 2 percent higher than a year earlier, and it raised its full-year profit guidance to $3.50 to $3.60 per share, from $3.45 to $3.60 per share.

In the quarter that ended July 31, Wal-Mart earned $3.44 billion, or 88 cents per share, while revenue fell 1.4 percent to $100.08 billion. Analysts surveyed by Thomson Reuters projected earnings per share of 85 cents on revenue of $102.9 billion.

The company's international sales fell 5.1 percent, hurt by the impact of currency exchange rates.
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Well it closed over $50 per share (as of Aug 12, 2009) and it was higher intraday. $50 Option updated:

Closing Price $50.51 +0.74 (+1.49%) 50.53 x100 50.80 x1,900 18,204,831

Aug 12 Watchlist exit

50 Stike - Call .WMTLJ exit point or better 3.00
(4 x 300 = $1,200)
50 Strike - Put .WMTXJ exit point or better 2.59
(4 x 259 = $948)
Total = Calls profitable
Total = Puts maybe worth a little more before Dec. expiration or after earnings in a couple of weeks. We will have to see, time will tell.

Aug 10 Watchlist entry

50 Strike - Call .WMTLJ entry point or better 2.37
(4 x 237 = $948)
Strike - Put .WMTXJ entry point or better 3.50
(4 x 350 = $1,400)
Total = $2,348.00 less commission.

Notable Earning Report - This week

WMT is preparing to report earnings on Aug 13, 2009; we are looking for price target of $50 per share before they announce them. Caution and carefully, markets have been acting out of character. 5-day chart is showing that the security is under the MA's and the Stoch, RSI are also in a downside trend. Will the markets pop up is security? We will see. December WMT Options at the $50 per share strike with a Volatility of (monthly - 1.41%) and (weekly - 1.36%) for the overall security.

Last Analyst: 10-Mar-09 Downgrade Citigroup Buy → Hold $53 → $48

50 Strike - Call .WMTLJ entry point or better 2.37

(4 x 237 = $948) - d.47
50 Strike - Put .WMTXJ entry point or better 3.50

(4 x 350 = $1,400) - d.53

Total = $2,348.00 less commission.

The focus will also be on the Federal Reserve, which will release a statement on Wednesday afternoon at the end of its two-day interest rate-setting meeting. The central bank is expected to hold rates near zero . . .

The government's July retail sales data as well as quarterly scorecards from major retailers, including Wal-Mart Stores Inc (WMT.N), J.C. Penney (JCP.N) and Macy's (M.N), will give a snapshot of the industry and how consumer spending is faring in the recession. So far, consumers have tightened their belts and shopped mostly for just the bare necessities as worries about job security take precedence

On the 5-day chart SPY, we are looking for support around the 101 level; however, GS was not acting the way is should have.

On the 5-day chart of GS, we have done a backfill, all the way back to Monday Aug 3. closing numbers.

Watchlist Updated - Closed of Aug 7

Below is an update on our watchlist from Aug 2, 2009; with the market ripping up this we pretty easy sail. But stop-loss should needed to be used in an case. Not bad for a week worth of work. A range was given on the last two securities, due to the unclear direction the market wanted to go. In this case, we would have purchased and re-purchased if the securities has broken thur those support target, basis of our calculations.

Taken a Break

The watchlist has been working pretty well, only a few have not panned out. Friday is going to be unevetful as all the numbers that are reporting will be at 8:30AM ET. We will have time to digest for a full 30 mins before the markets open. As of time of post we are currently lower and maybe see some proping up tomorrow. Friday should be flat to up . . .

Thi is a list we are currently watching to the Monday Aug 3 - Aug 7.

Looking to see what these securities will do for the week with all the EcoNews coming out in the next couple of days.

MGM - The DGE issued a report to the New Jersey Commission on its investigation. While the report itself is confidential, at the conclusion of the report, the DGE recommended, among other things, that: (i) the Company's joint venture partner in Macau be found to be unsuitable; (ii) the Company be directed to disengage itself from any business association with its joint venture partner in Macau; (iii) the Company's due diligence/compliance efforts be found to be deficient; and (iv) the New Jersey Commission hold a hearing to address the report. In furtherance of its request that the New Jersey Commission hold a hearing to address the report, on July 27, 2009, the DGE filed a letter with the New Jersey Commission requesting that it reopen the 2005 casino license renewal hearing for Borgata pursuant to applicable New Jersey law. New Jersey law requires that the casino licensing hearings be reopened at the request of the DGE. As a result, the New Jersey Commission will hold an evidentiary hearing on the allegations contained in the report at which time the Company will be able to present evidence and legal argument. There can be no assurance that the outcome of the proceedings will not have a material adverse effect on the Company.
PHM
DTV
KFT
CVS - Five U.S. senators have written to antitrust regulators asking the agency to look into allegations that CVS inappropriately used its pharmacy benefits business to win clients and squeeze smaller competitors.
PG
CSCO
PBR