New PriceWatch Alerts for GS, CVX, RIMM, PM, and More...

Posted: Tuesday, August 18, 2009 8:38 AM EDT

August 18, 8:30 AM EST - Before the open... PriceWatch Alerts for GS, CVX, RIMM, PM, LMT, FFIV, L, MA, DPS, NVS, SJM, CAT, CVH, BDK, and EMN, Market Overview, News Leaders and Laggards, Today's Economic Calendar, Support & Resistance Levels, and the Quote Of The Day. QUOTE OF THE DAY ------------------------------------------------- "Concerns about the housing market, rising unemployment and softness in the overall economy continue to pressure consumers." -- Frank Blake, Chairman & CEO, Home Depot (HD) WHAT COULD MOVE THE MARKET & WHAT STRATEGIES MIGHT WORK----------- Stocks are headed towards a higher open today, rebounding from yesterday's negative action. The early reaction to this morning's economic numbers has been negative, but the markets are still in positive territory as we head into the start of trading. Today's Market Outlook: Bullish Preferred Strategies: Bull-Put Credit Spreads Stocks on the Move: C, TGT, A What to Look For On Investors Observer Today: Each of the past two days, we have seen some action in our HedgePro portfolio, as our manager exited one position and entered another. This service has quick in and out trades at times, as strategy which can lock in big profits in little time. New PriceWatch Alerts for GS, CVX, RIMM, PM, LMT, FFIV, L, MA, DPS, NVS, SJM, CAT, CVH, BDK, and EMN PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- -- Goldman Sachs Group Inc. (NYSE: GS) Last Price 157.25 - OCT 155.00 CALL OPTION@ $11.25 -> 6.2% Return (37.5% Annualized) assigned* -- Caterpillar Inc. (NYSE: CAT) Last Price 43.95 - SEP 43.00 CALL OPTION@ $3.05 -> 5.1% Return (58.6% Annualized) assigned* -- Coventry Health Care Inc. (NYSE: CVH) Last Price 23.60 - OCT 22.50 CALL OPTION@ $2.55 -> 6.9% Return (41.9% Annualized) assigned* -- The Black & Decker Corporation (NYSE: BDK) Last Price 40.68 - SEP 40.00 CALL OPTION@ $2.25 -> 4.1% Return (46.6% Annualized) assigned* -- Eastman Chemical Co. (NYSE: EMN) Last Price 51.37 - DEC 50.00 CALL OPTION@ $5.20 -> 8.3% Return (24.6% Annualized) assigned* -- Chevron Corp. (NYSE: CVX) Last Price 66.59 - DEC 65.00 CALL OPTION@ $5.30 -> 6.1% Return (18.0% Annualized) assigned* -- Mastercard Incorporated (NYSE: MA) Last Price 195.94 - OCT 195.00 CALL OPTION@ $11.10 -> 5.5% Return (33.4% Annualized) assigned* -- Dr Pepper Snapple Group, Inc. (NYSE: DPS) Last Price 25.94 - NOV 25.00 CALL OPTION@ $2.20 -> 5.3% Return (20.8% Annualized) assigned* -- Novartis AG (NYSE: NVS) Last Price 44.58 - JAN 45.00 CALL OPTION@ $2.70 -> 7.4% Return (18.0% Annualized) assigned* -- The J. M. Smucker Company (NYSE: SJM) Last Price 50.85 - JAN 50.00 CALL OPTION@ $3.70 -> 6.0% Return (14.6% Annualized) assigned* -- Research In Motion Ltd. (Nasdaq: RIMM) Last Price 70.72 - SEP 70.00 CALL OPTION@ $4.10 -> 5.1% Return (57.9% Annualized) assigned* -- Philip Morris International, Inc. (NYSE: PM) Last Price 45.46 - DEC 45.00 CALL OPTION@ $2.95 -> 5.9% Return (17.4% Annualized) assigned* -- Lockheed Martin Corporation (NYSE: LMT) Last Price 73.96 - DEC 70.00 CALL OPTION@ $7.00 -> 4.5% Return (13.5% Annualized) assigned* -- F5 Networks Inc. (Nasdaq: FFIV) Last Price 34.40 - JAN 30.00 CALL OPTION@ $6.50 -> 7.5% Return (18.2% Annualized) assigned* -- Loews Corporation (NYSE: L) Last Price 31.03 - DEC 30.00 CALL OPTION@ $2.95 -> 6.8% Return (20.3% Annualized) assigned* *Annualized returns are shown for comparison purposes only *For more details on these covered calls and how you can use them to enhance your portfolio performance, go to: http://www.iotogo.com/smart_inves_stra_4.asp NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. NEWS LEADERS AND LAGGARDS----------------------------------------- So far this morning, Citigroup, Target, and Home Depot lead the list of companies with positive news, while it is hard to find a stock in the red in the pre-market. American Express, Corning, and Goldman Sachs were upgraded this morning, while AAR Corp was downgraded. MARKET OVERVIEW--------------------------------------------------- Overseas trading is back in the saddle again, with nine of the 10 foreign indexes that we track in positive territory. The cumulative average return on the collective stands at a gain of 0.65%. In Asia, Chinese shares clawed back some lost ground as investors looked for bargains in metals stocks following the previous session's steep losses. Generally, stocks which lost heavily in the previous session led Tuesday's rebound. Turning to Europe, stocks also regained some ground, with banks and miners among the best performers. Crude futures weren't exempt from yesterday's broad-based sell-off, with strength in the U.S. dollar adding to economic concerns for the commodity. In addition, the advancement of Hurricane Bill – the first hurricane of the 2009 Atlantic season – and the remnants of Tropical Storm Ana weighed on the oil patch. Against this backdrop, September-dated crude shed 79cents to finish at $68.81 per barrel. Earlier in the session, the front-month contract fell to $66 per barrel – its lowest price so far this month. PUT/CALL RATIO --------------------------------------------------- Equity option activity on the Chicago Board Options Exchange (CBOE) saw 1,378,416 call contracts traded on Monday, compared to 972,390 put contracts. The resultant single-session put/call ratio arrived at 0.71, while the 21-day moving average rose to 0.61. SUPPORT & RESISTANCE LEVELS -------------------------------------- The S&P Depository Receipts (SPY) show support in the neighborhood of $96.95 and resistance around $101.60. For the Nasdaq 100 (QQQQ), support is near $38.15 and resistance is around $40.20. TODAY'S ECONOMIC CALENDAR ---------------------------------------- 8:30 a.m. Jul Housing Starts 8:30 a.m. Jul Building Permits 8:30 a.m. Jul PPI EARNINGS EXPECTED TODAY (w/current estimates) -------------------- ADI 0.20 CAH 0.85 GA 0.14 HPQ 0.90 HD 0.59 SKS -0.52 TGT 0.66 TJX 0.59 This Morning Update was prepared with data, information and moral support provided by: PowerOptionsPlus.com - The Best Way To Find, Compare, Analyze, and Make Money On Option Investments - Forbes Best of the Web Winner. InvestorsObserver.com - Better Strategies for Making Money -> For Investors With a Sense of Humor. Only $1 for your first month plus seven free bonuses worth over $800, see: http://www.investorsobserver.com/must Seven Summits Investment Research is an independent investment research group focusing on the U.S. equities and options markets. Our unique set of analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best investment decisions possible. For more information go to www.SevenSummitsInvestmentResearch.com. CRD# 137114 All stocks and options shown are examples only. These are not recommendations to buy or sell any security and they do not represent in any way a positive or negative outlook for any security. Potential returns do not take into account your trade size, brokerage commissions, taxes or our subscription fees which will affect actual investment returns. Stocks and options involve risk and are not suitable for all investors and investing in options carries substantial risk. Prior to buying or selling options, a person must receive a copy of Characteristics and Risks of Standardized Options available from Catherine at 800-698-9101 or at http://www.cboe.com/Resources/Intro.aspx. Privacy policy available upon request.

Click Symbol For More News On: (GS) (CVX) (RIMM) (PM) (LMT) (FFIV) (L) (MA) (DPS) (NVS) (SJM) (CAT) (CVH) (BDK) (EMN) (C) (TGT) (A) (HD)