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Sang Lucci Group is a financial institution dedicated to educating, servicing and on-boarding traders and market participants of all types. We provide consultation and direct education services for individuals who are seeking knowledge in option trading. We also provide hedge fund services for... More
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  • August 1st Watchlist

    After yesterday's choppy session off the backs of the FOMC minutes, we're looking at a nice gap up to all time highs on the S&P this morning. We're basically right under them again and all sectors are squarely in the green during the premarkets, hinting towards a possible rally through $170 on the SPY for the day.

    Jobless Claims came in better than expected and most of the street is still waiting on tomorrow's Unemployment Report to further explore the status of jobs in America. There is an ISM number coming out at 10 AM as well so be sure to watch for reaction out of the futures, this tends to be a market moving report.

    LinkedIN (NYSE:LNKD) reports after the close today and Yelp (NYSE:YELP) shares are up considerably this morning after reporting earnings that topped analyst estimates. This may bode well for the social networking companies today so keep an eye on some of those names including Facebook (NASDAQ:FB)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: YELP, FB, LNKD
    Aug 01 9:22 AM | Link | Comment!
  • Mid Day Trading Update – The Toss Up
    Mid Day Trading Update - The Toss Up

    DATE: 30 JUL 2013 /



    Well folks, with 3 major economic events scheduled to be released tomorrow, it's anyone's guess where the market goes in the short-term. There's GDP, ADP & FOMC tomorrow, and all of these reports are market movers. Those planning on holding positions through Wednesday's premarket session would be wise to think about the risk a few times.

    So far the sentiment underlying the markets is still quite bullish despite the choppy environment. Google, Apple & Facebook are making significant moves higher thus far in the session and we'll see if they continue on their current path by the end of the day. Financials are continuing to act very stale and the lack of movement is more indicative of a future market rally than a sell-off. What we're seeing today as we go into the afternoon hours, is a lack of selling pressure across all sectors when the indexes push lower.

    Many people are speculating on the possibility of the FED putting forth a plan to slow down the current QE programs. The reaction is expected to be negative if that is the case but putting on a position prior to these announcements is not going to be easy. News algorithms will be pushing the indexes both ways and deciphering the correct direction will take time.

    Big moves for the day here was this Apple (NASDAQ:AAPL) & Google (NASDAQ:GOOG) long which we will try to showcase later on tonight.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jul 30 1:51 PM | Link | Comment!
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