Did You Go Short Thursday At The Open? Unfortunately, These Guys Did…
The bombings in London
were a shock to the world and a tragedy for those directly involved.
Here at TradingMarkets, our sympathies and condolences go out to the families
who lost loved ones.
As it is with most shocks, an opportunity was
created in the market. The futures were down substantially pre-open and as it
turned out the low was made on the first bar. Wall Street is all about fear and
greed. It’s those astute and agile traders who know how to capitalize on these
emotions that make the most money. Larry Connors has talked about this–so has
Kevin Haggerty. It’s usually the case that the best trades are the ones that
are the hardest to take. Things look bad, real bad. Lots of people are selling.
You just might want to consider buying.
One more thing: I was surfing the Web a little
today and saw that one site issued a sell on the open on Thursday. As of Friday
at Noon, the position was still open–short. Not going to say who it was, but
just realize that there is a natural tendency for traders to do things like
this. Most people are like
this guy. Here are some ways you can learn to "cure" this tendency:
If You Trade Options…
Try the
TradingMarkets Professional Options Trading College.
If You Day Trade…
…the
Alvarez Factor could
potentially really improve your trading!
If You Swing Trade…
Attend the
TradingMarkets Swing Trading College!
See
Steve Primo’s article for a recent trade example.
Big Cap
Earnings Announcements for the Week of July 11th
Company |
Symbol |
Date |
| Audiovox | VOXX | Monday, July 11 |
| Genentech | DNA | Monday, July 11 |
| Helen of Troy | HELE | Monday, July 11 |
| AMB Property Corp. |
AMB | Tuesday, July 12 |
| Ameritrade | AMTD | Tuesday, July 12 |
| Infosys Technologies |
INFY | Tuesday, July 12 |
| PepsiCo | PEP | Tuesday, July 12 |
| Abott Labs | ABT | Wednesday, July 13 |
| Advanced Micro Devices |
AMD | Wednesday, July 13 |
| Apple Computer | AAPL | Wednesday, July 13 |
| Harley Davidson | HDI | Wednesday, July 13 |
| MGI Pharma | MOGN | Wednesday, July 13 |
| Pharmaceutical Product Development |
PPDI | Wednesday, July 13 |
| Yum! Brands | YUM | Wednesday, July 13 |
| Cintas | CTAS | Thursday, July 14 |
| Fairchild Semiconductors |
FCS | Thursday, July 14 |
| Genzyme | GENZ | Thursday, July 14 |
| Novartis | PBG | Thursday, July 14 |
| Polaris Industries |
PII | Thursday, July 14 |
| Rambus | RMBS | Thursday, July 14 |
| Southwest Airlines |
LUV | Thursday, July 14 |
| United Health Group |
UNH | Thursday, July 14 |
| A.O. Smith | AOS | Friday, July 15 |
| General Electric | GE | Friday, July 15 |
| W.W. Grainer | GWW | Friday, July 15 |
Scheduled Stock Splits for the Week of
July 11th
Company |
Symbol |
Ratio |
Payable |
Ex-Date |
| Forest City | FCEA | 2-1 | July 11 | July 12 |
| Jarden | JAH | 3-2 | July 11 | July 12 |
| Encore Acquisiton | EAC | 3-2 | July 12 | July 13 |
| Caterpillar | CAT | 2-1 | July 13 | July 114 |
| HCC Insurance | HCC | 3-2 | July 15 | July 18 |
| United Surgical | USPI | 3-2 | July 5 | July 15 |
Need more splits information? Click
here.
Upcoming Economic Events for the Week of
July
11th
| Date | ET | Release | For | Consensus | Prior |
| July 13 | 8:30 am |
Export Prices (Ex. Ag) | June | NA | -0.4% |
| July 13 | 8:30 am |
Import Prices (Ex. Oil) | June | NA | -0.3% |
| July 13 | 8:30 am |
Trade Balance | May | -$57B | -$57B |
| July 13 | 2:00 pm | Treasury Budget | June | $28B | $19.1B |
| July 14 | 8:30 am |
Retail Sales | June | 0.9% | -0.5% |
| July 14 | 8:30 am |
Retail Sales (ex auto) | June | 0.5% | -0.2% |
| July 14 | 8:30 am |
CPI | June | 0.3% | -0.1% |
| July 14 | 8:30 am |
Core CPI | June | 0.2% | 0.1% |
| July 14 | 8:30 am |
Initial Jobless Claims | 7/9 | NA | 319K |
| July 15 | 8:30 am |
NY Empire State Index | July | 9.0 | 11.6 |
| July 15 | 8:30 am |
Business Inventories | May | 0.4% | 0.3% |
| July 15 | 8:30 am |
PPI | June | 0.4% | -0.6% |
| July 15 | 8:30 am |
Core PPI | June | 0.1% | 0.1% |
| July 15 | 9:15 am |
Industrial Production | June | 0.4% | 0.4% |
| July 15 | 9:15 am | Capacity Utilization | June | 79.6% | 79.4% |
| July 15 | 9:45 am | Michigan Consumer Sentiment (Prelim) | Jul | 94.5 | 96.0 |