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.