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Day trading involves isolating the current trend from market noise and then capitalizing on that trend through well-timed entries and profit taking. These factors play a crucial role in managing potential profit expectations and risk.
The major market indexes spent the session lower, despite a rise in monthly retail sales and consumer confidence. Instead, Wall Street exercised caution ahead of next week's highly anticipated Federal Open Market Committee meeting, with speculation mounting about a possible earlier-than-expected policy shift from the central bank.
Major market indexes snapped their five-week winning streak, pressured lower by a slump in energy names. Additionally, a mixed bag of economic data stoked caution ahead of this week's Federal Open Market Committee policy-setting meeting.
It's been quite a week for Apple Inc. , both on and off the charts. Technically, the shares are on pace to notch a 2.8% weekly gain, while on the fundamental front, AAPL said today it has hit a record number of pre-orders for its newly unveiled iPhone 6 and iPhone 6 Plus .
At midday, WB call volume is running at four times the normal rate, and has outpaced puts by a margin of more than 4-to-1. The equity's 30-day at-the-money implied volatility has jumped 2% to 70.1%, pointing to a growing demand for short-term contracts, and there seems to be a healthy amount of buy-to-open action at the October 25 call.
Investor appetite for IPOs turned to little known Israeli robotics maker ReWalk Robotics RWLK Friday, with shares soaring $13.60 to $25.60 in their debut. ReWalk, formerly know as Argo Medical Technologies, raised $36 million in the 3-million share offering.
Major U.S. indices moved lower over the past week, as of late-day trading on Friday afternoon, despite signs of improvement among consumers. Retail sales rose broadly in August and consumer sentiment reached a 14-month high in September, which could help ease concerns and set the stage for robust third-quarter growth.
The losses on the day come after the major averages ended the previous session near the unchanged line. Concerns about the outlook for interest rate seem to be weighing on the markets following the release of upbeat retail sales data.
Well, as you probably well know, it's Apple Inc. . The market cap was over $600 billion on Wednesday, per Bespoke .
Analysts are split on Twitter Inc, as 15 out of 27 maintain "hold" or worse recommendations. Right now, the stock is up 1.1% at $53.47, having rallied 81.1% from its early May low of $29.51.
In the options pits, traders are eyeing puts, which are crossing at 15 times the usual intraday rate. However, this doesn't mean speculators are betting bearishly.
Shares of Monsanto took a hit today after an analyst report suggested slowing Intacta RR2 sales. This was immediately disputed by Monsanto.
Around midday, three of the top market movers are yoga apparel maker Lululemon Athletica inc. , in-flight Internet provider Gogo Inc , and optical components expert Finisar Corporation .
GT Advanced Technologies Inc has had a rough couple of days, shedding a total of 25.4% on Tuesday and Wednesday. The loss was largely attributable to news that Apple Inc. won't be using sapphire crystal for the iPhone 6 screen, and a subsequent round of bearish brokerage notes .
Meanwhile, traders are piling into the security software designer's options pits, with call volume running at more than 300 times the usual intraday pace. By the numbers, 5,848 calls are on the tape, versus fewer than 200 puts.
Updated: Sun Sep 14, 2014 09:18 am
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