Gold is on a Tear Again…

So the yellow metal is back on the upswing and so is the dollar. When you are buying gold, on some level you are getting short the U.S. dollar.  But what if you want to remain long the dollar as well?  As a result, any investment in gold itself may be tied to the dollar…

An S&P 500 Earnings Update

by Jared Levy on June 3rd, 2010 *Data courtesy of Bloomberg So the second-quarter earnings season has basically ended and the S&P 500 Index (SPX) just had its worst monthly performance in almost 50 years, dropping 8.2% in May. In terms of earnings numbers for the overall index and the 500 companies that comprise it,…

The Jobs Report: Not to Beat a Dead Horse, But …

by Jared Levy on June 7th, 2010 …Friday’s nonfarm payrolls report was much worse than expected, hence the market’s very bearish reaction.  Only about 20,000 “real” permanent jobs were added in the month of May.  The Bureau of Labor Statistics noted that 411,000 of the 431,000 jobs were temporary positions associated with the 2010 Census.…

Is the Apple iPhone 4G on the Way?

by Jared Levy on June 7th, 2010 Expectations are always high for new Apple (NASDAQ: AAPL) products and with Steve Jobs being the showman and master of spin that he is, he can generally deliver.  Blogs are lit up with anticipation ahead of today’s Worldwide Developers Conference and Jobs’ keynote speech is expected to contain…

Technical Levels, Meet Non-Farm Payrolls

by Jared Levy on June 3, 2010 The short-term fate of S&P 500 (and the rest of the market, for that matter) face some relatively high expectations for non-farm payroll jobs tomorrow.  The consensus among analysts is for the addition of more than 500,000 jobs, but I am seeing indications actually closer to 520,000.   As…

An Emotional Shift Among Traders

As the markets were screaming higher earlier this year, I remember having conversations with friends of mine both in and out of the industry. Many of the financial folks were in disbelief that the market kept rising, but as it continued to do so, it seemed many of them were trying to justify being long, even if reluctantly so.

AAPL Gets Lapped?

Apple (NASDAQ: AAPL) Gets Lapped?  No question … Apple Inc. (NASDAQ: AAPL) is an innovator and has always had a very unique way of doing business.  In the early days of the Apple-versus-PC/Windows debate, Apple founders Steve Jobs and Steve Wozniak and Microsoft (NASDAQ: MSFT) founder Bill Gates had very different ideas and ways of…

Timber on Fire?

Timber on Fire? The Journal this morning noted huge demand from emerging markets, namely China, driving material costs through the roof.  I have talked in the past about the risk in certain commodities, when it comes to large shifts in demand here at ONN and on CNBC and also how traders can take advantage of…

RIMM, AAPL & GOOG in the Smartphone Universe

Just a small part of the global smartphone penetration has been achieved – about less than 15% globally.  More and more people not only here in America, but around the world, want to have a multi-function smartphone.  The biggest barriers at this point are obviously cost and networks. Many of us want to be connected…