Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 1st of July.
Apple Files For a iWatch Trademark in Japan!
Shares of Apple jumped almost 4% on news that it had filed for a trademark in Japan. This is the best upside performance for Apple in over a week. Apple inturn is helping the NASDAQ gain for the day as well as helping the other indices.
Here are 799 examples of what not to do in the markets.
Below is a list of 799 financial stocks that can not be shorted... at least for now.
It's been one heck of a week. I think the best way to describe it is AHHHHHHHHHHHHHHHHHHHHHHHHHHHHH !!!
The thing to do right now is to use common sense and stay cool. Remember, you have all year to trade. This week, while volatile, has not reversed the downward trend for the financials, it merely averted a meltdown in the financial markets.
There are a lot of opportunities to trade. Removing 799 stocks out of the short-sale basket doesn't make things all hunky-dory again, it simply puts the brakes on. There are, and there will be some more amazing opportunities to make money in Q 4 and in '09. All you have to do is stay tuned to this blog and we will share our thoughts and ideas with you.
Here's the infamous list of 799.
AAME ATLANTIC AMERICAN CORP
AANB ABIGAIL ADAMS NATL BANCORP INC
ABBC ABINGTON BANCORP INC PA
ABCB AMERIS BANCORP
ABCW ANCHOR BANCORP WISCONSIN INC
ABK AMBAC FINANCIAL GROUP INC
ABNJ AMERICAN BANCORP OF NJ INC
ABVA ALLIANCE BANKSHARES CORP
ACAP AMERICAN PHYSICIANS CAPITAL INC
ACBA AMERICAN COMMUNITY BNCSHRS INC
ACE ACE LTD
ACFC ATLANTIC COAST FED CORP
ACGL ARCH CAPITAL GROUP LTD NEW
ADVNA ADVANTA CORP
ADVNB ADVANTA CORP
AEG AEGON N V
AEL AMERICAN EQUITY INVT LIFE HLDG C
AET AETNA INC NEW
AF ASTORIA FINANCIAL CORP
AFFM AFFIRMATIVE INSURANCE HLDGS INC
AFG AMERICAN FINANCIAL GROUP INC NEW
AFL A F L A C INC
AGII ARGO GROUP INTL HLDGS LTD
AGO ASSURED GUARANTY LTD