Today's Completed Orders

Symbol	Action	Qty
	SPYXG SELL TO CLOSE	10
	SPYXG BOUGHT TO OPEN	10
	SPYLG SELL TO CLOSE	10
	SPYLG BOUGHT TO OPEN	10

Move Along

Well market is pretty much flat these days. Trend bound on the 10 minute SPY chart, between 110.665 and 112.01. We kissed the 112.00 level and have pulled back down the the low of the day of 110.92. At the time of this writing SPY is trading at 111.199. Remember the days when the Economic Data would make the markets so crazy. Days long going. Scapl'em if you got'em.

UUP is currently trading in a trying to filled the intraday gap. S1 22.02 up to 22.13, if we can push up to the 22.1699 this would close the intraday gap open from this morning. On a 10 minute chart. . . .

Beige Book top of the hour 2:00 et

Half Day

Wheee!!!

SPY vs US Dollar

SPY R1 is 111.057 and S1 is 110.375 on a 10-min chart. Dollar is helping out a little which is in a tight range on the 10-min chart of R1 22.345 and S1 22.2885. We have very light volume and the market is down to sideways, if we can break on the 2:00 Fed Notes to the upside we may have a good sail into the Unemployment Numbers and New Homes Sales on Wednesday, time will tell. Play the hand the market dealt ya.

Today's Completed Orders

Symbol	Action	Qty
FYNXK	SELL TO CLOSE	10
FYNXK	BOUGHT TO OPEN	10

Smell The Roses and Ohio State Feel The Pain

Oregon does it again. 2OT over Arizona. BSC raking # 8 from # 11.

Dollar Tanked

Well as the dollar is tanking the market is rising, which is a good thing so far so good. One and half days left until T-Day. Wednesday we have the Initial Unemployment numbers and that is pretty much it for the larger number that should be effecting Friday's session. Most ppl will not be back on Friday so if we do take a hit it probably will not be so bad.

SPY is coming into some resistance at the 111.74 level, more over if we can close above 110.992 and catch a bid to the upside in the next one and half days then 112 is possible relatively quick . . . It appears if we can hold this level gap fill would have the prior gaps from 11/10 - 11/20. Key is for the dollar to drop again for the next one and half days and short covering into the T-Day event, this should be good for the markets . . .

Keep the powder dry . . .

Spectrum

Sick!!

Charts Of The Third Kind

At a glance, the two charts look the same. As in one is going up and the other is going down, Ben and the boys have been propping the dollar. Concerns about the pace of a recovery have dogged the market's eight-month rally but with the nation's unemployment rate now above 10 percent for the first time in 26 years and new worries about housing, the government also will revise its early estimate that said the economy grew.

So what is the connection with rise in the dollar and drop in the market (spy), the stronger dollar can hurt commodities prices and sales of U.S. exporters, whose goods become more expensive overseas when the dollar rises.

Will the dollar start to climb and put the spy out of commission for awhile? Amazing!! There was no good Eco-news this week to say the least about and the market ran with it to the downside. Can the govt continue to use these tacky tacky to prop the dollar. If you have ever gone down to the 1 min charts, it is bots wars.

On that note: Volume will be light again next week because of Thanksgiving. Even with the holiday, the week brings a flurry of reports on home sales, unemployment, consumer confidence and demand for big-ticket manufactured goods.

Ding, Ding round $64 thousand dollar question.


Today's Completed Orders

Action	Qty
SPYXN SELL TO CLOSE	20
SPYXN BOUGHT TO OPEN	20

Closed Order For The Day

The US Dollar was on the move to the upside (comments from Ben B. ongoing) and the Housing Numbers - Bad, Bigger and Better? Well the next shoe is dropping for Residential Housing Market and Commercial is not far behind it, as well. You can not fudge the numbers for to long, the market was taken a back, but the US Dollar is the key to this market.

Today's Completed Orders

Symbol	Action	Qty
SPYXG	SELL TO CLOSE	10
SPYXG	BOUGHT TO OPEN	10

AIG - Payout

Well it is Veteran Day on Wednesday and there maybe a slow trading. Bond market will be closed and Federal Offices . . . We closed out of the following positions and maybe looking to get into them again on V-Day however it maybe a very slow trading day, as it was today. AIG - NOV 09 IKGKH 34 C

AIG - DEC 09 IKGXJ 36 P

No Trades - Friday

Due to the New York winning the World Series it was better to be on the sidelines, then be in the markets. As soon as the Parade started all the volume and options stopped trading in a normal fashion. I thought is was maybe bad data feed, nope it was not. The first 30-minutes would have been profitable, but would have had to held over the weekend, if it did not work out or if traded any other time during the day.

Unemployment was bad and then a bounce. Hummm. . . . Looking to see a slow to strong start on Monday morning, after the weekend of NY parties. Time well tell and we will have to see.

10 Cent and Hour

Shorten day and only three trades for 10 cent and hour of work. AIG - NOV 09 IKGKJ 36 C

AIG - NOV 09 IKGKJ 36 C

AIG - NOV 09 IKGKK 37 C Those trading computers are killer in the morning . . . We just have to figure out our new plan of attack. Most of the traders I know are back to scapler mode, there is not waiting and see.

All Positions Closed Out

All I have to say is wow and it seems the spreads are getting larger everyday. SPY - DEC 09 FYNLA 105 C

SPY - DEC 09 FYNXA 105 P

AIG - NOV 09 IKGKI 35 C

AIG - NOV 09 IKGKJ 36 C

AIG - NOV 09 IKGKJ 36 C

AIG - NOV 09 IKGWL 38 P

Oregon - Congrats!! Win over USC

See ya'll at the Rose Bowl. The rest of the schedule is no cookie cutter.

MetLife (MET 36.84) reported in-line earnings for its third quarter, but reported a net loss driven by some $857 million in derivative losses.

Premarket gainers: GNW +13%.% RVSN +11%. EL +8%. LVS +8%. VVUS +8%. AIXG +7%. YRCW +5%. MGM +5%. CMI +4%. SHPGY +4%.

Losers: NVTL -19%. SMP -12%. ALU -8%. MTW -7%. CIT -6%. CBEH -7%.

Wow, what a week its been . . . Holloween

Noteable: After Market Earnings

Notable: Earnings After The Bell

Apple Inc. Personal Computers USA AAPL
Texas Instruments Inc. Semiconductor - Broad Line USA TXN
Boston Scientific Corporation Medical Instruments & Supplies USA BSX
JB Hunt Transport Services Inc. Trucking USA JBHT
Steel Dynamics Inc. Steel & Iron USA STLD

Should Be Interesting To See

Wynn Resorts Ltd. Resorts & Casinos USA WYNN $67.13
Currently WYNN is in a sideways pattern between $60 and $70 dollars per share. Looking for a break either way. $71-$75 level are pullback areas for this stock.

SL Green Realty Corp. REIT - Retail USA SLG $45.62
It appears SLG is creating another bull flag, so we are looking for confirmation to the upside on this one. This is a beautiful chart, caution to the beholder.

PAC-10 Standings

Let's go Oregon!! Up next: At Washington Oct 24. The Oregon coaches are tight-lipped on whether Masoli will be able to return to the lineup. However, Oregon has two weeks to prep for Washington (in Seattle).

Audiable Notes: Husky Stadium (72,500): The sound bounces off the roof, rocks the stadium and settles over the playing field. Compared to the Autzen Stadium (54,000): It’s non-stop, eardrum-rattling, jet-engine level, false-start causing noise.

Flat To Down

Well the market was pretty much flat to down for the day . . . All where looking forward to AA earnings (at the end of trading day) and the Initial Job Number due out Oct 8, 2009 (before the market opens). At the time of this posting AA was a positive number and the afterhours trading was brisk, however, we know that the afterhours trading it pretty a no event thing. Volume is always thin and professional will be possibly selling into the open on the following day.

AIG and GS were good for scalping at the open and then went flat for the day . . .

High EcoNews For Oct 8

08:30AM ET Initial Jobless Claims
19:00PM ET Fed Chairman Bernanke Speaks

GS

Wow, this is a beautiful chart, caution to the beholder.

AIG

AIG and the overall market did a one-eight with the dollar drop, faster than a . . . We broke the JUL trendline and pretty much captured it with a +2 dollar gain. This should be a warning since, we are seeing the same pattern left in Mar.

Top Day Trader Alerts:

Pullback Gainers:

NYSE

None

NASDAQ
　
Sequenom Inc. SQNM 3.52
　
Pullback Losers:

NYSE

Walgreen WAG 37.40
　
NASDAQ
　
None

This morning's top alerts on volume. Disclaimer: This article should not be considered a recommendation to buy or sell securities and readers should conduct their own due diligence prior to making any investment decisions. The author has no obligation to update this article in light of changing future circumstances or post an article prior to taking further actions in the following securities. All securities should be closed before 10:00 ET.

Mar Pattern

AIG is looking like it is forming the same pattern it did in Mar. Flag pole is still intact and maybe it will re-test the $54 per shr level. Financials continue to bounce around like a rubber ball.

Watchlist EcoNews

This is an EconWatchlist for Sep 25.

Sep 25 8:30 AM Durable Orders for Aug Expected 0.4% Prior 5.1%
Sep 25 10:00 AM New Home Sales for Aug Expected 440K Prior 433K

SPF [NYSE]
Standard Pacific Corp.
Industrial Goods - Residential Construction - USA

RMIX [NASD]
US Concrete Inc.
Industrial Goods - Cement - USA

MTH [NYSE]
Meritage Homes Corporation
Industrial Goods - Residential Construction - USA

Watchlist EcoNews

This is an EconWatchlist for Thursday 24, 2009; remember market sold off hard into Wednesday 23, 2009 close. After today's market info day - FOMC interest rate, Timmy G. Speak and not to forget Obama Speak to the UN, everyone said I'm taking mine. 1. Profit. 2. Do Not Lose 3. Trade it again.

8:30 AM Initial Claims - for 09/19 Expected 550K Prior 545K
10:00 AM Existing Home Sales - for Aug Expected 5.35M Prior 5.24M

Top Day Trader Alerts

Pullback Gainers:

NYSE
　
Telecom Argentina TEO 18.00, Jarden Corp. JAH 30.00,
General Mills GIS 63.50, Rio Tinto RTP 181.28
　
NASDAQ
　
Google Inc. GOOG 501.80, Xilinx Inc. XLNX 24.50,
Ascent Solar Techn ASTI 8.58, Baidu Inc. Ads BIDU 397.50,
Wynn Resorts Ltd. WYNN 73.90
　
Pullback Losers:

NYSE
　
Walter Energy Inc WLT 62.81, Autozone Nevada AZO 149.10,
Transocean Ltd RIG 84.59
　
NASDAQ
　
Atp Oil & Gas Corp. ATPG 19.92, Northern Technolog NTIC 1.80
Hlth Corp. HLTH 13.48

　
This morning's top alerts on volume. Disclaimer: This article should not be considered a recommendation to buy or sell securities and readers should conduct their own due diligence prior to making any investment decisions. The author has no obligation to update this article in light of changing future circumstances or post an article prior to taking further actions in the following securities. All securities should be closed before 12:00 ET.

Top Day Trader Alerts

Pullback Gainers:

NYSE
　
Telecom Argentina TEO 18.00, Jarden Corp. JAH 30.00,
General Mills GIS 63.50, Rio Tinto RTP 181.28
　
NASDAQ
　
Google Inc. GOOG 501.80, Xilinx Inc. XLNX 24.50,
Ascent Solar Techn ASTI 8.58, Baidu Inc. Ads BIDU 397.50,
Wynn Resorts Ltd. WYNN 73.90
　
Pullback Losers:

NYSE
　
Walter Energy Inc WLT 62.81, Autozone Nevada AZO 149.10,
Transocean Ltd RIG 84.59
　
NASDAQ
　
Atp Oil & Gas Corp. ATPG 19.92, Northern Technolog NTIC 1.80
Hlth Corp. HLTH 13.48

　
This morning's top alerts on volume. Disclaimer: This article should not be considered a recommendation to buy or sell securities and readers should conduct their own due diligence prior to making any investment decisions. The author has no obligation to update this article in light of changing future circumstances or post an article prior to taking further actions in the following securities. All securities should be closed before 12:00 ET.

Top Day Traders Alerts

　
Pullback Gainers:

NYSE
　
Rio Tinto RTP 172.92 Potash Corp Of Sas POT 92.25
Boston Properties BXP 67.74 Siemens SI 95.25
　
NASDAQ
　
Baidu Inc. Ads BIDU 396.50, Google Inc. GOOG 488.00,
Randgold Resources GOLD 71.53, First Solar Inc. FSLR 154.46,
Wynn Resorts Ltd. WYNN 67.51, Intuitive Surgical ISRG 246.50,
Garmin Ltd. GRMN 35.25, Delta Petroleum Co DPTR 2.84,
Apple Inc. AAPL 183.85 Lincoln Electric H LECO 51.50
　
Pullback Losers:

NYSE
　
Perot Systems Cla PER 29.68, Odyssey Re Holding ORH 64.70
Cytec Industries CYT 34.80, Monster Worldwide MWW 18.53
　
NASDAQ
　
Acorda Therapeutic ACOR 29.56, Cme Group Inc. CME 305.45,
AMGN 62.15, Nektar Therapeutics, NKTR 9.74,
ChinaBiotics Inc. CHBT 16.00, Celgene Corp. CELG 53.45,
Netapp Inc. NTAP 25.50, Hain Celestial Gro HAIN 18.35,
Impax Laboratories IPXL 9.48 Lincare Holdings I LNCR 30.89

This morning's top alerts on volume. Disclaimer: This article should not be considered a recommendation to buy or sell securities and readers should conduct their own due diligence prior to making any investment decisions. The author has no obligation to update this article in light of changing future circumstances or post an article prior to taking further actions in the following securities. All securities should be closed before 12:00 ET.

Earnings Annoucements

Chart courtesy of http://www.finviz.com/ ( click to enlarge )

Here is to Sep and possible Window Dressing.

Economic News and Events

Sep 23 2:15 PM FOMC Rate Decision

Sep 24 8:30 AM Initial Claims
Sep 24 10:00 AM Existing Home Sales

Top Day Trader Alerts:

Pullback Gainers:

NYSE
Baker Hughes BHI 41.49, Interoil Corp. IOC 39.22,
Hhgregg Inc HGG 15.75, Grace Wr & Co GRA 20.26.

NASDAQ
Sxc Health Solutio SXCI 43.88, Jinpan Internation JST 29.94,
Athenahealth Inc. ATHN 38.42, Dg Fastchannel Inc. DGIT 18.85,
Bancfirst Corp. BANF 37.53, Portfolio Recovery PRAA 46.76,
Arch Capital Group ACGL 65.55.
　
Pullback Losers:

NYSE
Cf Industries Hold CF 92.85, Occidental Petrole OXY 79.08,
Southwestern Energy SWN 45.93, AgnicoEagle Mines AEM 70.65,
Peabody Energy BTU 40.59.

NASDAQ
Stec Inc. STEC 32.36, Fuqi International FUQI 30.61,
Joy Global Inc. JOYG 48.52, Seahawk Drilling I HAWK 35.50.

This morning's top alerts on volume. Disclaimer: This article should not be considered a recommendation to buy or sell securities and readers should conduct their own due diligence prior to making any investment decisions. The author has no obligation to update this article in light of changing future circumstances or post an article prior to taking further actions in the following securities. All securities should be closed before 12:00 ET.

Premarket G/L

9:00 AM Premarket gainers: ETFC +8%. IOC +8%. AXL +5%. WNR +5%. HOV +4%. AIB +4%. RAD +4%.
Losers: FSP -11%. NMM -7%. ARNA -6%.

Premarket G/L

9:00 AM Premarket gainers: AMR +20%. YMI +19%. BBI +8%. PIR +7%. RZ +5%. DFS +4%. LCC +4%. MGM +4%. CVM +4%.
Losers: SNV -7%. EXK -6%. AIB -4%.

Top Day Trader Alerts (AMR, DRYS, ORCL, RNN, USB, YMI)

Watchlist - Sep 16 2009

We have about 73 Daytrades left until the end of year. Less if your account is PDT. List contains NYSE, NASDAQ, AMEX. Green for Long and Red for Short. Do the homework. Only good for the day.

Getting a Handle on EcoNews

• Tuesday: Core Retail Sales (0.4%), PPI (0.9%), Retail Sales (1.8%), Empire State Manufacturing index (15.2), Fed Bernanke speaks (10AM), Business inventories (-0.7%)
  
• Wednesday: Core CPI (0.1%), Current account (-92B), TIC Long-term purchases (60.3B), Capacity utilization rate (69.1%)
  
• Thursday: Unemployment claims (554K), Building permits (0.58M), Housing starts (0.59M), Philly Manufacturing index (8.1), Friday: Options Expiration Week

What Does $10 Dollars Buy Nowadays?

Chart courtesy of http://www.trixychart.com/ ( click to enlarge )

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

Update to AIG battlefield. The stock received another downgrade from a major player, however the stock has been pulling it own weight, into the close it started a major rally, light volume and possible short-covering. Traders are starting to hedge their bets with Calls and Puts. Note: That the stock was dumped at the alter, the last 15-minutes or so. Maybe the party is over for a bit, and we drop it to the $35 per share level . . .

Chart courtesy of http://www.trixychart.com/ ( click to enlarge )

This is a 5-Day chart for AIG with a Daily Chart. AIG showed extreme weakness, compared to the over all market. However, this stock will turn on a dime, if it has to. Case in point Sep 9, open a short position with good analysis to the dowside, we thought it would continue and we got caught with our hands in the cookie jar, before dinner time. As you can see, from the 5-Day that the stock bounced right off a support level of $36 per share and has not looked back since then. A little run and bump with Timothy speaking in front of a committee. AIG ended down for the day. GS was positive for the day.

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

AIG appears to be forming a island reverse with a bear flag attached to it. Let's see what will happen in a the next couple of days, as options expiration is next week for the Sep Options.

BTW AIG was and is apparently try to sell partnerships (instead of sell it completely) in the remaining asset they have, inorder to payback the TARP money the owe the TAXPAYERS. Also, they are looking to do an IPO for one of their companies as well.

Disclosure: The author purchased shares of AIG Wednesday at an average price of $36.00 This article should not be considered a recommendation to buy or sell securities and readers should conduct their own due diligence prior to making any investment decisions. The author has no obligation to update this article in light of changing future circumstances or post an article prior to taking further actions in either security.

Watchlist - Sep

Premarket
Gainers: LTXC +25%. FNM +5%. AMED +5%. NVLS +4%. FRE +4%. CPSL +4%.
Losers: ARRY -27%. ELN -5%. ANF -4%

August Nonfarm Payrolls: -216,000 vs. consensus of -230K. July revised to -276K from -247K. Unemployment 9.7% vs. consensus of 9.5%. Bottom line: Aug. was better than expected, but most of that came from the July revision. Unemployment was 0.2 points worse than expected.

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.
_______________________________________________________


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

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%

“Oh what a tangled web we weave, When first we practice to deceive”

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