OptionSmart Morning
Update
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Recovered from early losses on hopes for
Greece |
Stocks moved higher,
erasing earlier losses, on hopes that Greece is nearing a
deal to secure more bailout money. Also, job openings
rose to 3.38 million in December from 3.12 million the
month before, showing continued improvement in the labor
market. Coca-Cola climbed 0.8% after the co. reported
adjusted fourth-quarter results that topped consensus
expectations. Boeing was off 0.3% on the heels of
production delays reported due to a structural fix needed
in some of its 787s. NCR and Advanced Micro Devices were
up sharply leading the tech sector to modest gains. AMD
surged 3% after Longbow Research upgraded the stock to
buy from neutral. Apple, Cisco, Microsoft, eBay, Amazon
and Adobe were on the rise. Disney fell 0.8% late Tuesday
after the co. posted barely higher revenue, and Silicon
Graphics tumbled 23.5% after the computer server maker
slashed its yearly adjusted earnings
forecast.
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Technical correction
ahead?
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| Wisdom Nugget: Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing |
Volatility Chart: Implied volatility
little changed on light trading volumes
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