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Trade of the Day (HOV) 9.5.2012

UPDATE 9.16.2012  The home builders continue to look strong, but I said that I will not take this position off until expiration, because I think the it is chopping myself up too much in commissions.  

Update 9.21.2012 This Put Spread is now worth $.05, but I am leaving this trade on until expiration.

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Halftime Report 9.5.2012

 DIS hit a new all time high today and, so far in 2012, DIS is up 36%.“The Avengers” and moreover the Marvel acquisition is proving to be a great move for the equity.

In the financial sector, GS broke above the 150-day moving average, which resisted price on two prior occasions in the last two weeks (8/21 and 9/4) for it has been grinding horizontally.

Other stocks of interest include AAPL, which battled its was back to unchanged after being down earlier today; even in the face of a slow market.

Be sure to check out our StockTwits account, where we will be a lot more active, tweeting out charts and analysis.

http://stocktwits.com/KeeneOnMarket

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Morning Rage 9.5.2012

Some big movers last night were The Wendy’s Company (WEN | $4.52[+0.20]), gaining almost 5% in value.  Wendy’s 52-week range moves a little more than a point from 4.16 – 5.58 and hasn’t hit a high since mid August. Dish network Corporation (DISH | $30.13 [-0.89]) fell 2.87%. DISH’s 52-week range low and high is 22.61 and 35.64 respectively. Dish has been gaining ground since the financial crisis in 2008, averaging positive gains, but is down almost 20% since 2007.

US futures are down. DOW, S&P, and NASDAQ are all down 0.21%, 0.27%, and 0.33% respectively. Metals futures are down, silver down the highest percentage at 0.68%. Crude futures are down 0.26%.

Productivity and costs reports will be released in an hour. Productivity measures the growth of labor efficiency in producing the economy’s goods and services and unit labor costs reflect the labor costs of producing each unit of output. Since the beginning of the year, non-farm labor productivity has grown at an average of 0.75% from the previous quarter and unit labor costs are up an average of 1.5%. Consensus has both levels gaining at least 1% this quarter.

Alex Kalish has a masters in economics from Suffolk University.