How To Think Outside The Box
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Thinking Outside The Box
Have you been watching Martha Stewart Living
(
MSO |
Quote |
Chart |
News |
PowerRating)? The stock has steadily moved up since the Sears/KMart merger
announcement. I bring this to your attention because it relates to a Trading
Lesson of the Week I did recently, entitled “Think
Outside The Box When You See Big News.”
 In
this lesson, I talk about how to day-trade stocks that are
related
in some fashion to stocks in the news. As you can see from the chart, MSO gapped
up on the merger news, then pulled back for a day before resuming its rally.Â
The point here is that you should be watching such stocks not just for a day
trade, but for swing trades as well. Take a look/listen to the trading lesson
and apply it to your own trading in the future.Â
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The Big Saturday Interview
If you have an interest in Forex trading, make
sure to read this
terrific interview with Andrew Spanton of globalfxllc.com. And for
more great trader interviews, go to
RealWorldTrading.com.
Â
Big Cap Earnings Announcements for the
Week of November
29th
Company |
Symbol |
Date |
| Chico’s FAS | CHS | Tuesday, Nov 30 |
| Omnivision Technologies | OVTI | Tuesday, Nov 30 |
| Skilsoft | SKIL | Tuesday, Nov 30 |
| United Foods | UNFI | Tuesday, Nov 30 |
| Comverse TEchnology |
CMVT | Wednesday, Dec 1 |
| Dollar General | DG | Wednesday, Dec 1 |
| Synopsys | SNPS | Wednesday, Dec 1 |
| The Wet Seal | WTSLA | Wednesday, Dec 1 |
| Ulticom | ULCM | Wednesday, Dec 1 |
| Albertson’s | ABS | Thursday, Dec 2 |
| Del Monte Foods | DLM | Thursday, Dec 2 |
| Mandalay Resort Group |
MBG | Thursday, Dec 2 |
| Ultimate Electronics |
ULTE | Thursday, Dec 2 |
Scheduled Stock Splits for the Week of
November 29th
Company |
Symbol |
Ratio |
Payable |
Ex-Date |
| Taser Intl’ | TASR | 2-1 | Nov 29 | Nov 30 |
| Midsouth Bancorp | MSL | 5-4 | Nov 30 | Dec 01 |
| Ryland Group | RYL | 2-1 | Nov 30 | Dec 01 |
| Symantec | SYMC | 2-1 | Nov 30 | Dec 01 |
| Annapolis Bancorp | ANNB | 4-3 | Dec 03 | Dec 06 |
Â
Need more splits information? Click
here.
Upcoming Economic Events for the Week of
November 29th
| Date | ET | Release | For | Consensus | Prior |
| Nov 30 | 8:30 am | GDP (Preliminary) | Q3 | 3.7% | 3.7% |
| Nov 30 | 8:30 am | Chain Deflator (Preliminary) | Q3 | 1.3% | 1.3% |
| Nov 30 | 10:00 am | Consumer Confidence | Nov | 96.8 | 92.8 |
| Nov 30 | 10:00 am | Chicago PMI | Nov | 61.0 | 68.5 |
| Dec 01 | 12:00 pm | Auto Sales | Nov | 5.1M | 5.1M |
| Dec 01 | 12:00 pm | Truck Sales | Nov | 8.0M | 8.1M |
| Dec 01 | 8:30 am | Personal Income | Oct | 0.5% | 0.2% |
| Dec 01 | 8:30 am | Personal Spending | Oct | 0.4% | 0.6% |
| Dec 01 | 10:00 am | Construction Spending | Oct | 0.7% | 0% |
| Dec 01 | 10:00 am | ISM Index | Nov | 57.0 | 56.8 |
| Dec 01 | 2:00 pm | Fed Beige Book | Â | Â | Â |
| Dec 02 | 8:30 am | Initial Jobless Claims | 11/27 | NA | 323K |
| Dec 02 | 10:00 am | Factory Orders | Oct | 0.4% | -0.4% |
| Dec 03 | 8:30 am | Nonfarm Payrolls | Nov | 200K | 337K |
| Dec 03 | 8:30 am | Unemployment Rate | Nov | 5.4% | 5.5% |
| Dec 03 | 8:30 am | Hourly Earnings | Nov | 0.3% | 0.3% |
| Dec 03 | 8:30 am | Average Workweek | Nov | 33.8 | 33.8 |
| Dec 03 | 10:00 am | ISM Services Index | Nov | 58.5 | 59.8 |
TradersWire Tour
Every Thursday at 9 AM PT (Noon ET) I give a
20-minute audio/visual presentation on how you can use
TradersWire to help your trading. Join me…Click
here.
Have a great weekend!
Brice
P.S. Stay in touch with the latest happenings at TradingMarkets.com.
Check
What’s New @ TradingMarkets on a regular basis.
P.P.S. Â A
long-time TM member, Ken Martino, is in the hospital. Please keep him in your
thoughts and prayers.