Top Takes From RealMoney
Stock quotes in this article:
GCI
The RealMoney contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that RealMoney contributors posted today and how they played those ideas.
TheStreet.com brings you the news all day, and with RealMoney's "Columnist Conversation," you can see how the pros are playing it on a real-time basis. Here are the top five ideas played today. To see all that RealMoney offers, click here for a free trial.1. Morning Prep
By Ken Wolff8:43 a.m. EDT The PowerShares QQQ(QQQQ Quote) is trading down slightly this morning after a down day yesterday. ... We are closing in on the 50-day moving average on the daily chart and will either bounce, which would indicate we are in another pullback, or not, which would mean we have turned into a bearish downtrend. ... I will be watching for 41.50 to hold on the QQQQ... Apollo Group(APOL Quote) will be interesting off the first bottom; it is up from $57.50 after disappointing earnings last night. ... It is currently up to $61.00, so there are interested buyers. ... It can move up to $64 and recover much like we saw with Baidu(BIDU Quote) yesterday... Keep an eye out for new home sales out at 10 a.m.; it could provide a nice catalyst for momentum. Positions: None
2. Treasury Market Flat
By Tom Graff9:32 a.m. EDT Treasury bonds are opening flat with the 10-year Treasury at a yield of 3.45%. Despite steep equity losses in both Asia and Europe, Treasuries were mostly weaker overnight, trading as high as 3.47%, but never touching the 3.48% support level. The market rallied back to 3.45% late in the European session and has been there ever since.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,318.16 | 1,091.38 | 2,146.04 | 33.56 |
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