Wynn Casinos Short-Side Opportunity
The stock of luxury casino operator Wynn Resorts Ltd. (NASDAQ: WYNN) has seen some volatile swings over the past two months. After staging an impressive rally into mid July the stock ran out of steam in a big way as it traded lower with the rest of the market. Looking beyond the financials of […]
Shorting the Technology Sector ETF
The technology sector as measured by the SPDR Technology ETF (ARCA:XLK) may have reached some meaningful resistance over the past few days. After rallying more than 100% off the early 2009 bottom to its recent highs in February this exchange traded fund proceeded to break that multiyear uptrend in early August. Year to date […]
Three stocks to avoid when the Government reins in spending
Defense stocks have already fallen hard in the two weeks (plus) since the debt deal from August 1st announced $350 billion in defense spending cuts. Obvious stocks to come under pressure by this announcement are Northrop Grumman Corp (NYSE: NOC) and Boeing Co (NYSE: BA). But while defense spending cuts could climb up to $1 trillion […]
Research In Motion Gap-Fill Potential Still Valid
Research in Motion (NASDAQ: RIMM), the famed maker of Blackberry devices on Monday August 15 received a nice boost from the market gods and rallied 10.40% for the day. The culprit? Google! On August 15th Google (NASDAQ:GOOG) announced its acquisition of Motorola Mobility (NYSE: MMI), which they paid a 63% premium for. Why? It’s all […]
What’s The Future For The Swiss Franc?
Today`s Morning Market Video Is Ready To Watch Here:
http://steadytrader.wpengine.com/video-2/video-july-2011/
Caterpillar Offering Decent Risk/Reward For Longs Here
Caterpillar Inc. (NYSE: CAT) famous for its yellow construction equipment announced second quarter earnings last week that led to a roughly 5% sell-off in the stock last Friday, July 21. Equipment sales in Asia and Latin America were solid but higher input costs (steel and other raw materials) weighted on the bottom line. And […]
Today’s Morning Market Video Is Ready To Watch Here:
http://steadytrader.wpengine.com/video-2/video-july-2011/
Watch Dell Breakout Above $17.50
Dell (NASDAQ: DELL) with its broad range of products and services is well positioned to continue to profit from technology products and services sales. Earlier this week the company announced it is paying $700 million in cash for Force10 Networks Inc., a maker of high-speed Ethernet networking equipment. The move further shows Dell’s commitment […]
McDonalds Still Looking Good – But Wait For Earnings To Pass
McDonalds Corp (NYSE: MCD) franchises and operates its restaurants in over 100 countries around the world. Its logo is one of the most recognized signs and most importantly for this column, the stock price has been moving in the right direction on the chart; from the lower left to upper right. Before looking at […]