Markets around the globe have gotten off to a bad start this week over economic and political concerns. China got the ball rolling when Premier Wen announced that the government had lowered its minimum growth target for the year from 8 percent to 7.5 percent. China has long been viewed as the primary engine of global growth, and the lowered target has many traders hitting the sell button. Read More
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Analyst Articles
The market’s correction was not unexpected, considering how overbought stocks had become, after rallying 25 percent from the October closing low. But for now, we’re working on the assumption that the decline will be somewhat limited. Nevertheless, as a precaution we added the General Electric (GE) June… Read More
Buy to open the General Electric (GE) June 18 put option. Use a limit order to pay no more than $0.80 per contract. Read More
The Marcellus Shale deposit is one of the largest natural gas formations in the world. Discover why investors have been flocking to the formation through a series of maps and diagrams. Read More
Sell to close the Oracle June 28 put option at the market. Also, sell to close the J.C. Penney May 41 put option, likewise at the market. Oracle (ORCL) is demonstrating impressive strength, having climbed about its 200-day moving average. That’s our cue to walk away from our put position. Read More
Sell to close the Diamond Offshore (DO) June 66 call option at the market. Diamond Offshore (DO) has reached our near-term price objective. While we think the stock is heading higher still in the next few months, it will likely pause near the current level before another move up can get underway. We’ll lock in our profit here. Read More
Buy Sunpower (SPWR) at the market. Read More
Sell to close the Salesforce.com (CRM) May 110 put option at the market. Read More
Buy to open the Salesforce.com (CRM) May 110 put option. Use a limit order to pay no more than $5.50 per contract. Read More
There’s an age-old saying in the stock market that you should “Buy the rumor, sell the news.” Well, the news concerning Greece raises the specter of at least a short-term correction developing, although we’re not expecting a big reaction to the headlines. Read More