Option Investor
Archive
HAVING TROUBLE PRINTING?
Printer friendly version
Jeff Bailey : 5/24/2006 1:28:49 AM

Hang Seng ($HSI) down 148 points, or -0.93% at 15,716 Link

Jeff Bailey : 5/24/2006 1:08:11 AM

Nikkei-225 ($NIKK) battles back, down 39 at 15,560.

Japan's service sector activity down, outlook bright

Reuters Link

Jeff Bailey : 5/24/2006 1:05:10 AM

Nikkei-225 ($NIKK) now down 91 points at 15,508

Jeff Bailey : 5/24/2006 12:37:23 AM

EIA Crude Oil, Gasoline, Distillate Inventory Preview assuming no net change at this Link

Jeff Bailey : 5/24/2006 12:08:34 AM

YM down 18 at 11,052 ... overnight low/high has been 11,022/11,074

Jeff Bailey : 5/24/2006 12:06:29 AM

Nikkei-225 ($NIKK) holding a 56 point gain at 15,655 Link

Jeff Bailey : 5/24/2006 12:00:18 AM

05/23/06 Sector Bell Curve at this Link

Jeff Bailey : 5/23/2006 11:52:34 PM

Index Pivot Matrix for tomorrow at this Link ... dx00y 84.82 with overnight high of 85.00.

Jeff Bailey : 5/23/2006 11:40:55 PM

Program Trading Levels for Wednesday ... HL Camp & Company has their computers set for program buying at $+4.02 and set for program selling at $+1.04.

Fair Value for the S&P 500 is $2.52.

OI Technical Staff : 5/23/2006 9:59:59 PM

The Market Monitor has been archived. You may view it and any previous days here: Link

Disclaimer: Stocks discussed in the Market Monitor are for educational purposes only and any analysis is not meant to imply a recommendation for or against that stock. The analysts in this forum as on any other website are prohibited by the SEC from giving any specific advice to ANY individual trader. All information posted is for ALL readers and is not meant to be directed to any individual. Our analysts cannot answer any email questions regarding any specific stock. Please do not ask and please do not take offense if requests are denied.

Results posted in the Market Monitor are hypothetical and OIN does not claim that any reader achieved these exact results. Due to the lag time between research, writing, posting, uploading, reading and execution there will be differences between the actual signal given and the fill achieved by the reader. Fills may be better or worse but in most cases they will be different. The writers will make every effort to give advance notice of intended signals and indicate potential price targets. Your individual results may vary depending on your activity level and aggressiveness. This forum is intended as an education service only. Trading involves risk and should not be attempted by anyone not ready to accept this risk. By acting on any signal in this forum you agree and personally accept this risk.

Jeff Bailey : 5/23/2006 9:10:04 PM

Going to go grab a bite to eat. Will check in a little later, see how the Hang Seng $HSI Link looks when it opens.

Jeff Bailey : 5/23/2006 9:02:42 PM

dx00y 84.83 (30-minute delayed) ...

Jeff Bailey : 5/23/2006 9:02:09 PM

YM down 8 pts at 11,062

Jeff Bailey : 5/23/2006 9:01:36 PM

Dollar Rises as Bird Flu Scare Fuels Demand for Safer Assets Bloomberg- Link

Jeff Bailey : 5/23/2006 8:25:04 PM

Nikkei 225 ($NIKK) Link ... up 65 points, or +0.42% at 15,664.92.

Jeff Bailey : 5/23/2006 8:21:26 PM

YM overnight session with Wednesday's DAILY Pivot Retracement at this Link

Jeff Bailey : 5/23/2006 8:08:31 PM

YM Pivot Matrix for tomorrow at this Link

Jeff Bailey : 5/23/2006 7:54:32 PM

YM recap 5-minute interval chart at this Link

Jeff Bailey : 5/23/2006 7:48:14 PM

Scott & Scott, LLC

List of company's it is currently investigating the backdating of executive stock option grants....

Affiliated Computer Services, Inc. (ACS)

Altera Corp. (ALTR)

American Tower Corp. (AMT)

Analog Devices Inc. (ADI)

B/E Aerospace Inc. (BEAV)

Boston Communications Group (BCGI)

Brooks Automation Inc. (BRKS)

Caremark Rx Inc. (CMX)

CNET Networks Inc. (CNET)

Computer Sciences Corp. (CSC)

Comverse Technology Inc. (CMVT)

F5 Networks Inc. (FFVI)

Jabil Circuit Inc. (JBL)

Juniper Networks, Inc. (JNPR)

KLA-Tencor (KLAC)

Marvell Technology Group Ltd. (MRVL)

Meade Instruments Corp. (MEAD)

Mercury Interactive Corp. (MERQ.PK)

Nyfix (NYFX)

Openwave Systems, Inc. (OPWV)

Power Integrations Inc. (POWI)

Quest Software Inc. (QSFT)

Renal Care Group, Inc. (RCI) (purchased by Fresenius Medical Care AG)

RSA Security Inc. (RSAS)

SafeNet (SFNT)

Semtech Corp. (SMTC)

Sycamore Networks, Inc. (SCMR)

Trident Microsystems Inc. (TRID)

Vitesse Semiconductor Corp. (VTSS)

UnitedHealth Group, Inc. (UNH)

Jeff Bailey : 5/23/2006 7:18:24 PM

YM CBOT's official close 11,040.

Jeff Bailey : 5/23/2006 7:13:39 PM

BioCryst Pharma (BCRX) $11.80 +4.70% ... and $13.25 extended. Yes (07:11:01). This is an "old" bird flu play. Jumped from $11.31 at 03:25 PM EDT.

Jeff Bailey : 5/23/2006 7:11:01 PM

CNBC saying today's late day sell off was caused by concern over "bird flu."

Could be correct with Dollar Index (dx00y) 84.96 now.

Jeff Bailey : 5/23/2006 7:09:12 PM

Stock Pivot Matrix for OPEN MM Profiles at this Link

Jeff Bailey : 5/23/2006 7:09:36 PM

Current OPEN MM Profiles that I've made at this Link

Today's Activity

Stocks/Options

Swing traded long an additional 1/3 position in GoldCorp (GG) at the offer of $31.38. Had a stop at $31.25 on this and the 5/22/06 position, which was hit this afternoon. ($+1.09, or +3.61%) and ($-0.13, or -0.41%)

Swing trade shorted a full position in shares of Phelps Dodge (PD) at the bid of $85.52. Current stop is $87.15, targeting $80.50.

YM Futures

Day trade long the YM at 11,215 and was stopped at 11,915. (-20pts, or $100/contract).

Jeff Bailey : 5/23/2006 6:04:38 PM

Swing trade NAKED Put establish stop alert for the PetroChina PTR Jun $95 Put (PTR-RS) to close out/buy back if the underlying shares trade $102.00.

Jeff Bailey : 5/23/2006 5:31:14 PM

dx00y alert 84.73 ... up notably from its 84.35 03:00 PM EDT close.

Jeff Bailey : 5/23/2006 5:17:11 PM

Closing Internals found at this Link

Jeff Bailey : 5/23/2006 5:03:28 PM

Closing U.S. Market Watch found at this Link

Jeff Bailey : 5/23/2006 4:50:07 PM

What a "bid puller" at 03:40 PM EDT.

Jane Fox : 5/23/2006 4:26:46 PM

Tomorrow's economic reports are:
8:30a.m. April Durable Goods Orders. Consensus: -0.1%. Previous: +6.5%.

10a.m. April New Home Sales. Consensus: -3.5%. Previous: +13.8%.

Marc Eckelberry : 5/23/2006 4:19:40 PM

INTC Exit Point Alert -
Long 17.65, lower stop to even.

Marc Eckelberry : 5/23/2006 4:18:39 PM

It hurts, especially after that run, but that is the way it is.

Marc Eckelberry : 5/23/2006 4:17:58 PM

QQQQ Exit Point Alert -
Long July 39 call stopped out at -.40.

Jane Fox : 5/23/2006 4:12:13 PM

NASDAQ HAS WEAKEST CLOSE SINCE NOVEMBER 2, 2005

Jeff Bailey : 5/23/2006 4:02:09 PM

Sell Program Premium SPY $125.70 : YM 11,110

Jeff Bailey : 5/23/2006 3:54:31 PM

Good gravy ... SOX 463.14 -1.28% ...

Jeff Bailey : 5/23/2006 3:53:38 PM

Phelps Dodge (PD) $83.60 +4.76% ... 15-minute interval chart with MONTHLY/WEEKLY Pivot retracement at this Link ... Should probably adjust my bear target up, just above MONTHLY S1.

Jeff Bailey : 5/23/2006 3:44:45 PM

Check out the one on PD

Jeff Bailey : 5/23/2006 3:44:31 PM

GG $30.67 +1.55% ... moved back into this morning's gap.

Jeff Bailey : 5/23/2006 3:14:36 PM

03:00 Internals found at this Link

Jeff Bailey : 5/23/2006 3:03:12 PM

03:00 Market Watch at this Link

Jeff Bailey : 5/23/2006 2:58:45 PM

Swing trade sell short alert shares of Phelps Dodge (PD) $85.02 here, stop $87.15, target $80.50

Jeff Bailey : 5/23/2006 2:52:54 PM

YM 11,185

Jeff Bailey : 5/23/2006 2:52:16 PM

dx00y 84.32 -0.03% ... session lows have been 84.27.

Jeff Bailey : 5/23/2006 2:49:54 PM

Bullish swing trade stop alert on the 2/3 position in GG $31.25.

Jeff Bailey : 5/23/2006 2:48:47 PM

GG $31.32 +3.7% ... softening up quickly

Jeff Bailey : 5/23/2006 2:41:42 PM

SOX.X 469.05 -0.02% ... slips red.

Jeff Bailey : 5/23/2006 2:40:30 PM

Spherix (SPEX)

Jane Fox : 5/23/2006 2:33:11 PM

SPHERIX INKS DEAL TO CONDUCT PHASE III TRIAL FOR NATURLOSE

SPHERIX SHARES UP 28% AT $2.71

Jeff Bailey : 5/23/2006 2:29:54 PM

Need to reboot computer. Back in about 5 minutes.

Jane Fox : 5/23/2006 2:21:18 PM

FCC won't probe reported links among NSA, phone carriers

Jeff Bailey : 5/23/2006 2:19:24 PM

Disk Drive Index (ddx.x) 161.08 -0.04% ... slips red.

Jeff Bailey : 5/23/2006 2:14:11 PM

YM 11,209

Jeff Bailey : 5/23/2006 2:13:59 PM

See it trade M R1 3 times intra-day, don't buy it, then buy strength. Don't need to be doing that at this point.

Jeff Bailey : 5/23/2006 2:12:31 PM

YM bull stop alert 11,195 ... shhhh

Jeff Bailey : 5/23/2006 1:44:42 PM

YM long alert 11,215 here, stop 11,195, target 11,254.

Jeff Bailey : 5/23/2006 1:28:18 PM

HUI.X daily interval chart I've been monitoring with NEM/BGO/GG trades at this Link

Jeff Bailey : 5/23/2006 1:22:39 PM

HUI.X 334.11 +5% ... edges to high of the day.

Jeff Bailey : 5/23/2006 1:22:08 PM

GG $31.55 now.

Jeff Bailey : 5/23/2006 1:21:43 PM

GG 5-minute interval chart with my Level II at this Link ... not sure we can take another test of DAILY R2 today without stop being hit.

Jeff Bailey : 5/23/2006 1:14:23 PM

01:00 Internals found at this Link

Yesterday's Internals at this Link

Jeff Bailey : 5/23/2006 1:02:41 PM

01:00 Market Watch at this Link

Jeff Bailey : 5/23/2006 12:51:45 PM

Current OPEN MM Profiles that I've made at this Link

Jane Fox : 5/23/2006 12:45:56 PM

Marc will love this one The Fed:Bernanke promises not to blindside market

Jeff Bailey : 5/23/2006 12:31:02 PM

Swing trade round up alert take another 1/3 bullish position in Goldcorp (GG) $31.38 here, stop on the 2/3 position at $31.25.

Jeff Bailey : 5/23/2006 12:14:23 PM

Question Jeff: I enjoy and learn from your Market Wraps, good to have you back. Could you explain your comment regarding internals are similar to October?

Jeff's Reply: Yes. One of the similarities I'm seeing is from the NYSE NH/NL ratio chart I like to hand chart and keep tabs on. Here's what I'm seeing at this point Link

Jeff Bailey : 5/23/2006 11:58:09 AM

Intel (INTC) $18.02 +0.05% ...

Jeff Bailey : 5/23/2006 11:57:20 AM

SOX 472.63 +0.73% ... that's it?

Jeff Bailey : 5/23/2006 11:50:05 AM

GG $31.63 +4.73% ... MWSE is $31.50 x $31.75 now. I think he's playing/managing the $32.50 strike.

Jeff Bailey : 5/23/2006 11:47:56 AM

dx00y 84.55 (30-minute delayed) ... bids back to WEEKLY Pivot/DAILY Pivot overlap

Jeff Bailey : 5/23/2006 11:40:12 AM

GG $31.62 +4.70% ... 5-minute interval chart with PINK "dynamic" at this Link

Jane Fox : 5/23/2006 11:38:29 AM

Pressed on rates, Bernanke sticks to FOMC May statement

Jane Fox : 5/23/2006 11:37:59 AM

NYSE MOST ACTIVE STOCKS: NBR LU EWJ PFE GE

Jane Fox : 5/23/2006 11:37:33 AM

NASDAQ MOST ACTIVE STOCKS: QQQQ SUNW JDSU MSFT INTC

Jane Fox : 5/23/2006 11:36:25 AM

Dateline CNN Family members say former U.S. Sen. and Treasury Secretary Lloyd Bentsen has died, The Associated Press reports.

Jeff Bailey : 5/23/2006 11:34:42 AM

HUI.X 331.28 +4.14% ... very similar to GG. HUI.X WEEKLY Pivot 332.18.

Jeff Bailey : 5/23/2006 11:32:51 AM

GG $41.47

Jeff Bailey : 5/23/2006 11:32:21 AM

dx00y 84.47 ... stuck its head above WEEKLY Pivot this morning for about 10-minutes.

Jeff Bailey : 5/23/2006 11:31:25 AM

Thinking about another 1/3 long in Goldcorp (GG) .... stock pulled in to DAILY R2 and just undercut current 50% "dynamic" of $31.36 with a late-morning low of $31.28.

Could look long at $31.41, just above MWSE on Level II as he has been moving up since taking some stock at $31.28.

Average up at $31.41, same stop as $31.25, then look for a drive and trend day higher to the close.

Jane Fox : 5/23/2006 11:20:41 AM

BERNANKE: REFUSES TO COMMENT ON STOCK DROP SINCE MAY MEETING

Jane Fox : 5/23/2006 11:19:17 AM

VERISIGN OKS PLAN TO BUY BACK $1B IN STOCK NO TIME LIMIT FOR $1B SHARE BUYBACK PROGRAM

Jeff Bailey : 5/23/2006 11:17:15 AM

11:00 Internals found at this Link

Jane Fox : 5/23/2006 11:10:55 AM

BERNANKE SAYS COMMENTS TO CNBC ANCHOR A 'LAPSE OF JUDGEMENT'

Jeff Bailey : 5/23/2006 11:02:13 AM

11:00 Market Watch found at this Link

Jeff Bailey : 5/23/2006 10:48:56 AM

GG's WEEKLY Pivot Levels ... Piv= $31.56, R1= $33.91.

DAILY R2= $31.33.

Jeff Bailey : 5/23/2006 10:47:12 AM

Current OPEN MM Profiles that I've made at this Link

Jeff Bailey : 5/23/2006 10:32:09 AM

Bullish swing trade raise stop alert on Goldcorp (GG) $31.90 +5.62% ... to $31.25.

Jane Fox : 5/23/2006 10:29:07 AM

Mechel OAO Formerly known as Mechel Steel Group OAO. The Group's principal activity is the production of steel long products, as well as mining products such as coal, iron ore and nickel. The Group's steel business comprises the production and sale of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products and value-added downstream metal products including hardware, stampings and forgings. It also produces significant amounts of coke, both for internal use and for sales to third parties.

Jane Fox : 5/23/2006 10:27:10 AM

MECHEL OAO SHARES UP ON PLANS TO PAY DIV OF $1.41 PER ADR TO HOLD ANNUAL MEETING JUNE 30

Jane Fox : 5/23/2006 10:26:38 AM

MECHEL OAO (MTL) SHARES SURGE 16% TO $22.04 ON VOL. 465,600

MECHEL OAO TOPS NYSE PERCENTAGE GAINERS LIST

Jeff Bailey : 5/23/2006 10:24:18 AM

Bullish swing trade raise stop alert on Goldcorp (GG) $31.78 +5.26% .... to $31.00.

Jane Fox : 5/23/2006 10:18:59 AM

NYSE MOST ACTIVE STOCKS: NBR LU CAM EWJ PFE

Jane Fox : 5/23/2006 10:18:44 AM

NASDAQ MOST ACTIVE STOCKS: MSFT SUNW JDSU INTC CSCO

Jane Fox : 5/23/2006 10:13:37 AM

JULY CRUDE UP $1.34, OR 1.9%, AT $71.30/BRL IN EARLY TRADING

JUNE NATURAL GAS UP 13.4 CENTS, OR 2.1%, AT $6.41/MLN BTUS

JUNE UNLEADED GAS CLIMBS 4.76 CENTS, OR 2.3%, TO $2.105/GAL

Jane Fox : 5/23/2006 10:08:10 AM

WASTE SERIVCES DECLARES 1-FOR-3 REVERSE STOCK SPLIT

Jane Fox : 5/23/2006 10:01:57 AM

BERNANKE TESTIMONY DOES NOT DISCUSS ECONOMY, INTEREST RATES

EDUCATION IS KEY GIVEN 'DEMOCRATIZATION' OF CREDIT

FED'S BERNANKE VOWS MORE EFFORTS TO BOOST FINANCIAL LITERACY

Jane Fox : 5/23/2006 9:56:34 AM

Retail index (RLX.X) rises at open; every component is up

Jane Fox : 5/23/2006 9:40:21 AM

NYSE ADVANCERS OUTNUMBER DECLINERS 4 TO 1

NASDAQ ADVANCERS OUTNUMBER DECLINERS 19 TO 5

Jane Fox : 5/23/2006 9:30:25 AM

Other companies under investigation are Juniper Networks, Openwave SYstem, CNET Networks, F5 Networks, Semteck, Quest Software, UnitedHealth Group, Marvel Technology and Computer Sciences.

Jane Fox : 5/23/2006 9:27:03 AM

Dateline WSJGovernment and corporate investigations of stock-option granting practices accelerated, with nine companies reporting regulatory or internal probes, and many of their shares declining.

Wall Street, meanwhile, stepped up its efforts to identify which companies might next fall under scrutiny, adding to the selling pressure that has built up over suspect options practices.

Early Tuesday, Sycamore Networks Inc. disclosed that on May 19, the staff of the Securities and Exchange Commission informed the company that it has commenced a formal investigation related to certain stock options granted by the company during calendar years 1999 through 2001 that were erroneously accounted for under GAAP.

A day earlier, KLA-Tencor Corp., a maker of semiconductor equipment, disclosed that U.S. prosecutors have requested data on executive stock-option grants, and said an independent board panel will investigate the company's options procedures and practices over the past 10 years...

Trident Microsystems Inc. said in a statement that it has asked the audit committee of its board to review its options pricing practices. Shares of the Sunnyvale, Calif., maker of television electronics dropped 13% to $23.79 in 4 p.m. Nasdaq trading...

In recent weeks, Vitesse Semiconductor Corp. fired three executives, and executives or directors have resigned from Power Integrations Inc., Brooks Automation Inc. and Comverse Technology Inc.

Jane Fox : 5/23/2006 8:56:50 AM

Dateline WSJ Toll Brothers Inc. said Tuesday its fiscal second-quarter profit edged up 2.8% on a 17% rise in revenue, but the luxury home builder warned that excess inventory and weak consumer confidence will crimp earnings for the year.

For the quarter ended April 30, net income rose to $174.9 million, or $1.06 a share, up from $170.1 million, or $1 a share, in the previous second quarter. Revenue climbed 17% to $1.44 billion from $1.24 billion, with sales of traditional homes rising to $1.4 billion from $1.23 billion. On average, analysts surveyed by Thomson First Call forecast income of $1.03 a share and revenue of $1.47 billion.

Toll Brothers, which operates in 21 states nationwide, said it now expects fiscal 2006 earnings a share of $4.69 to $5.16, bracketing the current First Call mean estimate of $4.83 a share. The company previously forecast a per-share profit range of $4.77 to $5.26, but earlier this month reduced its estimated home deliveries due to slowing growth rates. The company also attributed its lower range to increased material and labor costs and higher write-downs in the second quarter, a majority of which resulted from continuing weakness in the metro Detroit market.

Jane Fox : 5/23/2006 8:55:32 AM

Dateline WSJ Federal regulators are expected to announce a settlement today under which Fannie Mae will pay a fine of about $400 million for allegedly manipulating accounting rules in ways that helped increase bonuses for executives.

The expected settlement with the Office of Federal Housing Enterprise Oversight, or Ofheo, and the Securities and Exchange Commission will come with a harsh report from Ofheo blaming Fannie's board and top executives for fostering a culture that allowed managers to disregard accounting rules and manipulate earnings.

Representatives of Fannie, Ofheo and the SEC all declined to comment.

Market Monitor Archives