Corey Williams
Corey Williams's Latest Posts
EOT Position Update – June 30, 2010
June 30, 2010 Market Snapshot The 2nd quarter came to an end today. It’s been ugly to say the least. This quarter alone, the Dow is down 10%, the S&P 500 shed 12%, and the NASDAQ lost 12%. And to top it off, all three closed at their worst levels of the year today. It’s […]
EOT Position Update – June 23, 2010
June 23, 2010 Market Snapshot Over the weekend, China got the markets fired up. It looks like the Chinese will let their currency, the Yuan, appreciate against the U.S. Dollar. The reality is the Chinese are going to manage their currency’s valuation very closely. We’re not going to see the Yuan explode in value over […]
EOT Trade Alert – June 22, 2010
June 22, 2010 Trade Alert: Buy JNJ October $62.50 Calls at $1.05 or better Company Background: Johnson & Johnson (JNJ) is one of the largest and best run consumer products, pharmaceuticals, medical devices, and diagnostics companies in the world. Short-Term Catalyst: There’s a lot of uncertainty in the world and the markets right now. We’re getting […]
EOT Trade Alert – June 16, 2010
June 16, 2010 Trade Alert: Buy RIG Aug 18 2010 $40.00 Puts at $3.75 or better Company Background: Transocean (RIG) drills offshore oil and gas wells. Short-Term Catalyst: Did you hear it yesterday? It was the death knell for the offshore drilling industry. ‘Big Oil’ CEOs were paraded in front of Congress yesterday for their public […]
SET Monthly Issue June 2010
June 2010 CAN STOCKS RECAPTURE THEIR BULLISH MOMENTUM? Market turbulence over the last two months has shaken investor confidence. It’s shaved more than 14% off of the S&P 500 from the high on April 26th to the low on May 25th. We’ve also seen all nine sectors we track shed between 2.3% and 6.5% since […]
EOT Position Update – June 9, 2010
June 9, 2010 Market Snapshot Trying to distill market action into profitable trades is never easy. But recently it’s become even more challenging. Right now we’re getting a lot of mixed signals. I think the bulls and bears each have compelling arguments. The bottom line is investors lack the conviction necessary to move the markets […]
EOT Trade Alert – June 8, 2010
June 8, 2010 Trade Alert: Buy ENS Sep 18 2010 $22.50 Puts at $3.00 or better Company Background: EnerSys (ENS) manufacturers and sells industrial batteries and related products, primarily in the U.S. and Europe. Short-Term Catalyst: ENS just closed their 2010 fiscal year a few days ago. Their earnings came in in-line with analyst expectations. Here’s […]
EOT Position Update – June 2, 2010
June 2, 2010 Market Snapshot The markets are lost… or at least they’ve lost their direction. Right now fear is keeping most investors on the sidelines. And shorter term traders are skimming quick profits. The high volatility and low trading volume speaks volumes about investors’ mindset. It’s telling me there’s too much uncertainty to place […]
SET Portfolio Update June 2010
June 1, 2010 May was an ugly month for the stock market. Every sector in the S&P 500 suffered declines. In fact, the markets posted their worst monthly loss since February 2009. Right now, stocks aren’t trading on technical or fundamental data. The driving force behind the recent correction is fear. It’s given investors a […]
EOT Position Update – May 26, 2010
May 26, 2010 Market Snapshot This week brought more of the same with a few surprises. The same bad news in Europe continues to weigh on investors. It has everyone concerned a slowdown in European economic growth will hurt the worldwide recovery. It has Chinese officials concerned enough to change their focus from containing speculative […]
