APC, CELG, ADVS

APC (61.15), Anadarko Petroleum, Independent Oil & Gas, ma cross, stochastics cross, macd falling, like the 1/60 put at 1.85 or better

CELG (55.95), Celgene, integrated biopharmaceutical, ma cross stochastics cross, macd rising, like the 1/57.50 call at 1.35 or better

ADVS (39.84), Advent Software, software and services, ma cross, stochastics cross, macd rising, like the 1/40 call at 1.35 or better

DVA, KSS, BG

DVA (61.55), Davita Inc, Specialized Health Services, dialysis services, upside breakout, macd rising, like the 1/65 call at .50 or better

KSS (54.87), Kohl's Corp, Department Store, moderately priced merchandise, ma cross, stochastics cross, macd falling, at support wait for breakdown, like the 1/50 put at .45 or better

BG (63.05), Bunge LTD, Farm products, global agribusiness and food company, ma cross, stochastics cross, macd rising, like the 1 65 call at 1.80 or better

RIMM, LLY

RIMM (63.18) Research in Motion, diversified communication services, ma cross, stochastics cross, macd falling, earnings due on Thursday, earnings being squeezed by competition, like the 1/60 put at 2.90 or better.

LLY, (35.62) Eli Lilly & co, drug manufacturer, ma cross, stochastics cross, macd rising, like the 1/36 call at .85 or better.

COP

COP (50.89), Conoco Phillips, oil and gas, ma cross, stochastics cross, macd rising, like the 1/55 call at .30 or less.

AAPL, WAG

AAPL, Apple Computer, ma cross, stochastics cross, dmi closing, macd rising, like the Jan 195(B)/Jan 200(S) call spread at 2.35 or better

WAG, Walgreens, retail drugstore business, ma cross, stochastics cross, dmi closing, macd rising, like the Jan 37.5(B)/Jan 42.5(S) call spread at 1.50 or better

FO, UNH

FO (39.89) Fortune Brands, spirits, home & hardware products & golf products, like the 1/40 put at 1.70 or less, ma cross, stochastics cross,spinning top

UNH (28.30) United Health Group, health & well being company, like the 1/29 call at 1.08 or less, ma cross, stochastics cross, macd rising

NOC

NOC (55.89) Northrup Grumman, defense products, bull flag, macd rising, stochastics cross, spin top, like the 1/60 call at .30 or better.

APD, DHR

APD (84.23) Air Products, supplier of hydrogen and helium, like the 1/85 call at 2.50 or better, bull flag, macd rising

DHR (71.86) manufactures professional and medical products, like the 1/75 call at .75 or better, bull flag, macd rising

PCAR

PCAR (38.06) I like the 1/38 call at 1.80 or better, ma cross, stochastics cross, macd rising

PENN, ALXN

PENN (27.99), Penn Gaming, owns gaming & Paramutual properties, like the 1/30 call at .80 or better, ma cross, stochastics cross, doji

ALXN (44.71), Alexion Pharmaceuticals, biopharmaceutical company, like the 1/45 call at 2.10 or better, ma cross, stochastics cross

CERN, SNA

CERN (77.67), Cerner Corp, Healthcare information technology, like the 1/80 call at 2.75 or better, ma cross, stochastics cross, macd rising

SNA (37.20) Snap-on INc, Manufactures & markets tools, like the 1/40 call at .55 or better, ma cross, stochastics cross & doji, need to see it pop above 37.80 first

COLM, FAST

COLM (38.45) Columbia Sportswear, I like the 1/35 put at .80 or better, Bear pennant macd falling and at support. I would wait to see if it breaks support first during this pause in the downtrend, target = 30

FAST (37.01) Fastenal Co, I like the 1/35 put at 1.00 or better, ema cross, macd falling, stochastics cross and spinning top.

FISV, ALXN

FISV, Fiserv Inc., (47.46), Information management ie transaction processing, electronic bill payments, system solutions, ma cross, stochastics cross, macd falling, at support. Like the 12/45 put at .40 or better if breaks support

ALXN, Alexion Pharmaceuticals, (44.16) biopharmaceutical, anti-inflammatory therapeutics, Like the 12/40 put at .35 or better, ma cross, stochastics cross, macd falling, looks like right shoulder developing

NFX, CHK, BAX

NFX Newfield Exploration Co., natural gas & crude oil properties,(43.89), Bear flag, macd falling, spin top, target 37,
like the 12/40 put at .80 or better.

CHK Cheseapeake Energy Corp, producer of natural gas, (24.08) Bear pennant, macd, target 19, like the 12/24 put at 1.18 or better.

BAX Baxter International Inc., medical instruments & supplies, (55.68), ma cross, stochastics cross and macd rising, like the 12/55 call at 1.45 or better.

MS

MS (34.23) Symmetrical continuation triangle & macd rising. I like the 12/34 call at 1.65 or better.

JCP

JCP (31.21) J C Penney, I like the 12/31 call at 1.35 or less. reported disappointing 3rd qtr results on Friday so should drop at open. Bull Continuation Wedge, stochastics cross, macd rising, below 50 day ma and doji candle. target = 38

STR

STR (42.04) Questar Corp, I like the 12/45 call around .70, Bull flag pattern with target of 50.

IOC

IOC (49) Interoil Corp, I like the 12/50 (B) and the 12/55 (S) call spread at 1.50 or less. Symetrical continuation triangle pattern, macd rising, stochastics cross. Target is 55.

BJ

BJ (36.18) Bull continuation wedge chart pattern. Macd cross, stochastics cross and ma cross. reports 3rd quarter results on 11/18. like the 12/35 call for 2.10 or less.

SWY

SWY (22.84) I like the 12/22.50 call at .95 or less. Safeway has a bull pennant chart formation, rising macd and stochastics cross. Target is 25.

GD, SLB

GD (63.85) I like the 12/65 call at 1.85 or less. ema cross, stochastics cross, macd turning up and trend is up and should continue up after this correction.

SLB (64.30) I like the 12/65 (B) and the 12/70 (S) call spread at 1.80 or less. ema cross, stochastics cross, macd turning up and bull flag on 11/3.

FDX, ANF

FDX (74.83) - I like the 12/75 (B) and the 12/80 (S) call spread at around 1.90. Want stock to hit 75 first though. ema cross, sto cross and macd turning up.

ANF (33.60) - I like the 12/35 call at around 1.70. ema cross, sto cross and macd turning up. Want stock to hit 34 first though.

GS, TEVA, DOX, GPRO

GS (178.58 close) the call spread is a little better on your money so I like the 12/180(B) and the 12/185(S) call spread at 2.05 or less. ema cross, stochastics cross, below lower bollinger band and macd rising.

TEVA (50.80 close) I like the 12/52.50 call for 1.05 or less. ema cross, stochastics cross, narrow bollinger bands and macd rising.

DOX (25.59 close) I like the 12/25 call for 1.50 or less. ema cross, stochastics cross, at lower end of bollinger bands and macd rising.

GPRO (42.58 close) I like the 12/45 call for 1.20 or less. ema cross, stochastics cross, below lower bollinger band and macd rising.

T, KFT

T (26.08 close) I like the 12/27 call but at less than .48. EMA Cross,stochastics cross, macd turning up and narrow bollinger bands.

KFT (26.95 close) I like the 12/27 call but at less than .85. EMA cross, stochastics cross, & narrow bollinger bands.

SFY, CPB

SFY - I like the SFY (22.43 close) 12/22.50 call but at less than 1.90. EMA cross, Stochastics cross and macd turning up. Involved in onshore oil and gas properties.

CPB - I like the CPB (32.05 close) 12/32.50 call but at less than .60 EMA cross, Stochastics cross, macd turning up and narrow bollinger bands. Campbell Soup.

NOC

I like the NOC ( 50.64 close) 12/50 call but less than 2.00. 50 day MA cross, stochastics turned up, macd turned up and trend is up. Received Army contract of 6.2 m.

CSGP

I like the CSGP (41.03 close) 12/45 call but for less than .40. Now at support, crossed its 50 day ma, stochastics turned up and just outside the lower bollinger band. They provide business services to the commercial real estate industry.

AMP

I like the AMP 12/40 call but at less than 1.40. Shows bull flag, stochastics turned up, macd rising and hammer candle. Also beat earnings and upgraded

PNRA

I like the PNRA 12/55 put but at less than 3.10. Had an EMA cross, DMI cross and has two black bars and one more would be 3 crows. It reports earnings on 10/27

TEVA, AMGN

I like the AMGN 12/57.50 put but at less than 2.19. Yesterday crossed it's 50 day ema, dmi cross and macd turned down.

I like the TEVA 12/52.50 call but at less than 1.20. Yesterday crossed it's 50 day ema, dmi cross, stochastics turned up and trend is up.

SOHU

I like the SOHU 12/70 call (B) and the 12/75 call (S) spread at <1.90.

It had an 8% pop yesterday and crossed the 50 day ma. +d1 crossed -d1, stochastics turned up, macd turned up and it now has 2 white candles and going for a third (three advancing soldiers).

CHL, BDX

I like the CHL 12/45 put but at <.65. CHL showing a bear flag (10/16) falling MACD and falling stochastics.

I like the BDX 12/70 call but at <1.95. Narrowing Bollinger bands, +D1 crossed - D1 and a crossing of the 50 day ma.

AZN

I like AZN 11/45 call@<1.45. Spin top formation, narrow bollinger bands, above MA & Japan approved their Symbicort Turuhaler. I think it has more upside.

MICC, ATK

I like MICC 11/75 buy and 11/80 sell call spread but closer to 1.70 or less. Chart shows continuation wedge bounced up off the trendline. I think there is more upside and they report earnings 10/20.

I like ATK 11/75 buy and 11/80 sell call spread but closer to 2.20 or less. Just crossed its 50 day ma, dmi cross also, bollinger bands are tightening and stochastics turned up.

AAPL, AZO, SHLD

I like AAPL 11/190 buy and 11/185 sell put spread for 1.95 or less. Spin top, descending triangle, shooting star on 9/25 and bear engulfing on 10/8.

I like AZO 11/140 put for 2.30 or less. Hang man on 10/7 and crossed ma.

I like SHLD 11/70 call for 2.90 or less. Symetrical triangle on 10/8 and crossed ma.

POT, HUM, NTES

I like POT 11/95 call at 3.75 or less. It's in a trading range up to 96 and just crossed it's 50 day moving average.

I like HUM 11/35 put at 1.85 or less. It's showing a descending triangle and just crossed it's 50 day moving average.

I like NTES 11/40 put at 2.05 or less. It's showing a descending triangle and just crossed it's 50 day moving average.

INTU

INTU - I like the 11/27.50 Put but not at the bid/ask. I would prefer to pick it up at =<.80. Has not broken trendline (resistance). Other technicals look like another drop below 27.50.

JNJ

I like the JNJ 11/60 call but not at the bid/ask. Prefer to buy at 1.30 or less. Bounced off the 50 day moving average and bounced off the trendline. Other technicals look good.

Green Shoots - Where?

Consumer confidence falls to 53.1 down from 54.5 in August and below 57.0 consensus. The consumer is unsure of the short term outlook and their income status. What effect will that have on Holiday sales, auto and housing sales?

Investor confidence - State Street's investor confidence fell to 118.1 from 122.8 in August (which was a 5 year high).

FDIC - deposit insurance fund has fallen into the red for only the second time in it's history (1st was in 1991 during the S & L crisis and the RTC).

The rich can't carry the country so the Government must cut spending or raise taxes on more than rich people, maybe just about everyone.

Saturn closing and cutting 13,000 jobs and 350 dealerships.

New jobless claims up 17,000 to 551,000.

Auto Sales down after clunker program is over. GM down 45%, Chrysler 42% and Ford down 5.1%

Where are the green shoots?

AMZN

I like the AMZN Put Spread of 11/90(Buy) and 11/85 (Sell) but not at the bid / ask. I would prefer to pick it up at 1.70 or less. Technicals look like it is ready to drop and Nov gives you enough time to get out.

QCOM

QCOM - Looking to buy the 11/46 Call for 1.95 or less. Now trading at 2.20 x 2.22. Futures up so may not get in right away but later today. In a tight trading range so may not move down too much.

Recovery?

Will the housing recovery continue? The $8000 1st time home buyers credit ends 11/30. So all the 1st time buyers buying homes allowed the owners of the bought home to trade up but will that continue after the tax credit expires? Was the real estate market artificially stimulated or will the demand continue after 11/30? Interest rates are low but will that translate into continued housing sales?

The cash for clunkers program is over. Will auto sales continue up or will they fall? Will there be demand in the spring or was future demand used up by the cash for clunkers program?

Where is consumer spending? Articles I read suggest that the consumer is saving not spending. If the consumer is not the foundation for this recovery, how can the recovery continue? How can the economy have a sustained recovery without housing and autos i.e. consumer spending.

Artificial stimulation cannot continue forever. The consumer must begin spending or the recovery is going to stall. If that happens, auto sales, housing sales and retail sales will fall. Stocks associated with spending will fall.

Consumer spending will not increase until consumers know that they will have a job in 3 months, 6 months etc. Employment is the key to consumer spending. Today I read there are 6 applicants for each job opening. That means if one is hired, 5 are not. Consumer spending is not going to increase until consumer confidence returns and that is tied to the job market and being hired or not being laid off.

9/21 Week Recap

Monday - Suggested OXY 11/70-11/75 Put Spread at 1.45. Hit the 1.45 price on Monday but didn't stay there long enough for me to get in. There were too many orders ahead of me. It hit 1.92 on Thursday. Gain of .47 per contract (10 contracts = 470)

Tuesday - Bid WMT 11/52.50 call at 1.05 or less and picked it up for 1.03. It moved away from my price, however, November is far enough away for it to rebound especially with holidays approaching and consumers needing to buy candy, food, decorations etc.

Wednesday - Did not see any good trades.

Thursday - Suggested CVX 11/70 Put at 2.25. Never dropped that low but did see 2.50 and a high of 3.00 for a .50 gain on 1 contract or 500 on 10 contracts.

Friday - Suggested BHI for 2.10. It barely moved from the bid of 2.35, so I did not get in.

OXY

Watching the OXY 11/75 (Buy) and 11/80 (Sell) Call Spread. Technicals look like it is ready to pop and was upgraded by Goldman on Friday. Would bid at 2.10 or less.

BHI - Baker Hughes

BHI (42.24) - Watching the 11/41 put trading at 2.35 x 2.50. May bid at = <2.10. Techs look like it is overbought and want to stay close to the stock price for a put.

CVX, MA

CVX - Watching the 11/70 put trading at 2.55 x 2.65. May buy at = <2.25. They filed a claim against Ecuador and the dollar rallied against world currencies.

MA - Watching the 11/210 - 220 put spread trading at $4.10 x 4.80. May bid at = <3.60. It looks like it has a little more room to run up so it may be a little early. It might be best to wait a day or two.

Credit card defaults up to record levels in August. Consumers are debt adverse. Write offs up in August. Loans over 30 days past due rose to 5.8%. Hungary fined them $2.6 million for fixing fees.

It's hard to see a recovery without consumer spending increasing. 4th Quarter should show signs of consumer spending more (Halloween, Thanksgiving and Christmas spending - food, gifts, decorations etc,), otherwise the recovery may stall.

WMT

Walmart - WMT
Watching the 11/52.50 call trading at .94 x .96. WMT trading up so will bid 1.05 to get in early. WMT should do well when other retailers don't. Between Halloween (candy) and Thanksgiving (food, decorations etc) and early Christmas shopping, the price should rise.

OXY

Watching the 11/70 -11/75 Put spread. May buy the 11/75 and sell the 11/70 for $1.45 or less. May drop faster than I can get in.

See Friday's post - FDX never hit my price but did get to $1.37 for a low and $1.55 for a high (.18 gain or $18.00 per contract, 10 contracts = $180).

BIIB never hit my price but did get to $1.60 for a low and $1.90 for a high (.30 gain or $30.00 per contract, 10 contracts = $300).

BIIB, FDX

FEDEX: FDX
I am watching the 10/75 put trading at 2.35 x 2.45. The put spread of buy the 10/75 and selling the 10/70 is cheaper trading at 1.30 x 1.50. Would like to buy the put spread at 1.30 or less.

Biogen: BIIB
I am watching the 10/50 put trading at 1.55 x 1.65. Would like to buy at 1.40 or less.

This market reads overbought but keeps going up yet consumer spending is down. Is this irrational exuberance? Are we brushing aside negative news such as Oracle and FDX etc?

TEVA, BHI

Don't see any good trades today.

Yesterday, TEVA hit a low of $.62 and a high of $1.10 for a gain of $.48 or $48.00 per contract (10 contracts = $480). It did not hit my bid of .55 so it didn't go through.

Monday BHI hit a low of $1.85 and a high of $2.55. Pretty good profit if you got in at $1.85. 10 contracts x 100 x .70 = $700). Not bad if you got in at $2.00 or less either.

TEVA

TEVA Pharmaceuticals

TEVA
I'm looking at the 10/50 put trading at .60 x .65. Techs look like it might go lower. May try to buy the 10/50 put at .55 or lower.

Yesterday the BHI Call hit a low of $1.85 and a high of $2.55. See yesterday's post.

BHI

Baker Hughes

I'm watching BHI. Technicals look good for a pop. I can't find any recent bad news. Futures are down so call prices should drop. I like the 10/37 call trading at $2.10 x $2.20. Might enter at $1.90 or less.

SHLD

The 10/60 Put is 2.70 x 2.80.

The Put Spread of 10/60 and 10/65 is 2.30 x 2.60.

The Put Spread is safer and cheaper. Looking at buying the 10/65 put and selling the 10/60 put as a put spread for a price of 2.25 or less.

The Holiday season does not look good for retailers. I was in Kmart the other day and they only had 2 cashiers and there were 3 or 4 people in each line waiting to pay. It appears some of the retailers are understaffed to save money. Technicals are turning bearish on Sears.

BA, GENZ

BA:
Looking at Call Spread and trying to buy the 10/50 call and selling the 10/55 call for a price of $1.60 or less.

GENZ:
Looking to buy the 10/50 put for .90 or less.

Closed my position on FDX. Bought 9/8 for $1.60 and sold 9/9 for $2.25 = gain of .65which is $65.00 per contract (1 x 100 x .65).

AMZN

AMZN looks like it is ready to pop. Looking at the October call spread to buy the 10/80 and sell the 10/85 at a bid of $2.00 or less. I can't find any bad news. Close when it turns green.

Picked up the FDX 10/75 call yesterday for $1.60 and current price is $1.90. I will close sometime today.

AAPL, FDX

Watching AAPL 10/175 call @$5.45 x $5.50. The 10/170 - 175 call spread looks better @$2.25 x $2.35. May try to buy the 170 and sell the 175 for $2.00 or less.

Watching FDX 10/75 call at $1.80 x$1.90. May try to buy for $1.65 or less

RIMM, AZO

Today I am looking at calls on RIMM and AZO. I expect to get a bounce from both. RIMM is expanding overseas and AZO sells parts for cars and people are going to continue to fix the old rather than buy the new. Technicals look good for a turn up soon.

RIMM:
Call Spread: Buy the 10/80 and sell the 10/85 calls for a bid of $1.30

AZO:
Call Spread: Buy the 10/150 and sell the 10/155 calls for a bid of $1.85

I'm not sure I will do both but if I do one or both, I plan to close any trade as soon as it turns green (Profit). These are 1 to 5 day trades only.