Wall Street Addict

Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research.
Bullish
5+ Consecutive Down Days: These are stocks that have closed down for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that close down for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Mastercard (NYSE:MA - News) & Solarfun Power Holdings (NasdaqGM:SOLF - News). MA's PowerRating (for Traders) is 8, and SOLF's PowerRating (for Traders) is 9.
5+ Consecutive Lower Lows: These are stocks that have made a lower low for five or more consecutive days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that make lower lows for five or more days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Proshares Ultra Oil and Gas (NYSE:DIG - News). DIG's PowerRating (for Traders) is 7.
2-Period RSI Below 2: These are stocks that have a 2-period RSI reading below 2 and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving with a 2-period RSI reading below 2 have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
Gamestop (NYSE:GME - News). GME's PowerRating (for Traders) is 8.
Stocks Down 10% or More: These are stocks that have lost 10% or more over the past five days and are trading above their 200-day moving average. Our research shows that stocks trading above their 200-day moving average that have lost 10% or more over the past five days have shown positive returns, on average, 1-day, 2-days and 1-week later. Historically, these stocks have provided traders with a significant edge.
First Solar (NasdaqGS:FSLR - News). FSLR's PowerRating (for Traders) is 8.
Bearish
5+ Consecutive Up Days: These are stocks that have closed up for five or more consecutive days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that close up for five or more days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge.
Acadia Pharmaceuticals (NasdaqGM:ACAD - News). ACAD's PowerRatings (for Traders) is 3.
Stocks Up 10% or More: These are stocks that have gained 10% or more over the past five days and are trading below their 200-day moving average. Our research shows that stocks trading below their 200-day moving average that have gained 10% or more over the past five days have shown negative returns, on average, 1-week later. Historically, these stocks have provided traders with a significant edge.
Gymboree (NasdaqGS:GYMB - News). GYMB's PowerRating (for Traders) is 3.

Labels: ACAD, DIG, FSLR, GME, GYMB, MA, SOLF, Trading Ideas

Erin Burnett hosted. Melissa Lee of CNBC says the financial and tech sectors are down for the third day in a row. IBM and Hewlett Packard are among the top losses. Jeff Auxier, of Auxier Focus Inv. says volatility is normal an healthy because it takes out investors' egos. He says it is a great time to invest if you can be patient. Zimmer Holdings and Telef de Mexico are his top picks for the day. Next, David Malpass of Bear Sterns comments on the drowning dollar. He says the rest of the world is getting richer much quicker than our economy is growing right now. He says we have a small business economy with growth based in innovation, and with time we can improve our weak dollar situation. UPS is set to raise shipping rates by 5% by the beginning of 2008. Julia Boorstin of CNBC reports on the Writers Guild of America Strike on day 5. She says there is an upside for investors in the way of movie rentals and DVD mail order such as NetFlix. The logic behind this is the lack of new content and material for daily television, resulting in a consumer increase in theatre and rental establishments. Next topic was the growing oil prices. Crude Oil, at $96/barrel has obviously been a main concern of many consumers and investors. Bruno Stanziale of Bank of America says that ultimately, it is not possible that we will hit $100 a barrel before 2008. He says the oil prices are due to a lack of demand, as well as a change in market participation. Next, NovaGold of Alaska, announces deal with Barrick Gold to begin Donlin Creek Project. They will be working on projects in Alaska and Western Canada. They will mine gold copper and silver, and jointly owns or partnerships with Rio Tinto and Barrick Gold. Stop trading with Jim Cramer was next. ShawGroup (SGR), Foster Wheeler (FWLT), First Solar (FSLR), and MEMC Electronics (WFR) are his picks for the day.

Labels: CNBC, Crude Oil, Erin Burnett, FSLR, FWLT, HPQ, IBM, SGR, WFR

Financials: Washington Mutual (WM) fell 16% on Wednesday after reporting that credit losses for the year could be as much as $2.9 billion. Adami concedes Goldman Sachs (GS) could trade down to $205 and that is where investors should look to buy it. Finerman likes Goldman and is currently long the company and short Lehman Brothers Holdings (LEH) and Merrill Lynch (MER). Najarian recommends State Street (STT). Morgan Stanley (MS) took a $3.7 billion write-down for the fourth-quarter.
Crude oil hit another record high on Wednesday trading up to $98.62. Addison Armstrong, Director of Market Research at Tradition Energy joined the show and said the long term trend is still bullish for oil. He sees that oil demand is strong and supply is very tight and the oil markets have zero margin for error right now. Najarian mentions the largest oil trader on the New York Mercantile Exchange told him that oil is the new currency and it's going to $150.
Consumer Trade
Same-store sales are set to be released for some of the biggest retailers on Thursday. Finerman likes that expectations are low and she still owns Wal-Mart (WMT) Adami declares the only way to play the retailers is with MasterCard (MA).
Word on the Street
American International Group (AIG) falls 3% after hours on a 27% drop in third quarter profits. Cisco Systems (CSCO) falls 9% after hours despite a 37% rise in first quarter profits. Research In Motion (RIMM) and Amazon (AMZN) bucked the market weakness to close higher on Wednesday. Adami mentions that Citigroup upgraded Allstate (ALL) and he would own it here for a trade, and stop out at $50. First Solar (FSLR) explodes up 22% after hours on a blowout quarter.
Pops & Drops
Pops - Potash (POT) traded up 2%.
Onyx Pharmaceuticals (ONXX) exploded up 18% after the drug company posted a third quarter profit.
DirectTV (DTV) traded up 3% after subscribers grew by 400,000.
TurboChef Technologies (OVEN) traded up 9% after the oven maker reported a smaller loss.
Drops - Fannie Mae (FNM) fell 10%
Ford Motor (F) fell 5% in front of earnings set for Thursday.
Yahoo (YHOO) fell 8% after Alibaba.com fell 17%.
Capital One (COF) fell 16% after warning on credit losses.
Fluor (FLR) fell 6% after missing Wall Street estimates.
Final Trade
Seymour thinks its payday with Gold Fields (GFI).
Adami's play is Short Dow30 Proshares (DOG).
Finerman still recommends being long Goldman Sachs (GS) and short Lehman Brothers (LEH).
Najarian likes green play Evergreen Solar (ESLR).

Labels: AIG, ALL, AMZN, CSCO, DTV, Fast Money Recap, FSLR, GS, LEH, MA, MER, MS, ONXX, OVEN, POT, RIMM, STT, WM, WMT

Here are 7 options to watch for today. This list comes directly from the TradingMarkets Options Indicators page. The list is created using OptionVue options analysis software.
Most Underpriced Calls: These are the most under priced calls of all stocks in our database. While the Equities Explosion List finds groups of calls for individual equities that are under priced, this list finds the most under priced individual calls. Thus, the options listed here will tend to be more severely under priced.
iShares Russell 2000 Index July 85 Calls (AMEX:IWM - News). IWM's PowerRating is 5.
Most Underpriced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Mastercard Inc. July 155 Puts (NYSE:MA - News). MA's PowerRating is 6.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. While the Equities Implosion List finds groups of calls for individual equities that are overpriced, this list finds the most overpriced individual calls. Thus, the options listed here will tend to be more severely overpriced.
Baidu.com Aug 230 Calls (NasdaqGM:BIDU - News). BIDU's PowerRating is 3.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. While the Equities Implosion List finds groups of puts for individual equities that are overpriced, this list finds the most overpriced individual puts. Thus, the options listed here will tend to be more severely overpriced.
First Solar, Inc. Sept 85 Puts (NasdaqGM:FSLR - News). FSLR's PowerRating is currently unavailable due to the stock not meeting certain parameters.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
CBOT Holdings Inc. (NYSE:BOT - News). BOT's PowerRating is 4.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
None Today
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Norfolk Southern Corp. (NYSE:NSC - News). NSC's PowerRating is 5.
Beazer Homes USA Inc. (NYSE:BZH - News). BZH's PowerRating is 5.
PowerRatings are courtesy of TradingMarkets.com

Labels: BIDU, BOT, BZH, FSLR, Hot Stock Options, IWM, MA, NSC