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Jackson Hole Swing Trade

Posted by RTT on August 28th, 2012

Fed Chair Ben Bernanke much awaited speech via Jackson Hole has all in 'wait mode'. If Ben doesn't deliver surely the financials will suffer, and more so those financials that have fingers in Europe crisis mess. Here is a swing trade to consider.

Goldman Sach travelled to $105 of weak volume, and now its waiting for direction. GS could follow the seasonal bearish September south if Ben speech has in it. A bearish option spread seems the best play.

see chart after then jump...

Earnings season is now upon us and so far the only major earnings component that has been released is the J.P. Morgan earnings report that came in Friday before the market opened. After the report was digested by the marketplace, prices fell dramatically.

Ormat Technologies Inc. (NYSE:ORA) recently announced that it has signed a termination agreement with respect to the power purchase agreement (PPA) and joint operating agreement with NV Energy for the Carson Lake geothermal project in Churchill County , Nev.

China, arguably the world’s most influential and dynamic economy, is beginning to eye renewable as a partial solution to its voracious and growing energy needs. If Beijing determines that biofuels represent the future, expect to see the current modest western investment field to change dramatically.

In a research note, Goldman Sachs is constructive on Hasbro (NASDAQ: HAS) shares, as "Transformers: Dark of the Moon" is set to be released next week.

It is very possible that the New York-based investment bank is not being as optimistic on the film as it should be.

Investors looking for the next big thing after a hydrocarbon economy have a panoply of options, from solar to wind, as well as biofuels.

In terms of quickly ramping up production biofuels clearly win the race, but navigating the PR fluff and reality is not a simple thing.

Warren Buffett held a press conference on Saturday in Omaha, Neb. He answered questions about the trading scandal with David Sokol and Lubrizol. The public has been really focused on this story.

No surprise, really. David Sokol was on the short list of people who could take over for Buffett when he retires.

But there was another announcement that might be more important to investors.

The Warren Buffet you see now is the end product of meticulous years of hard work, the right connections, tons of failures and learning experience, and working with what he had at each stage of his life and success. He didn't start out as a billionaire and at that time, if he had tried to make money as if he had billions of dollars, he probably wouldn't have succeeded.

Proper Power & Energy, Inc. (PPWE.OB)

According to Andrew J. Kacic, President of Proper Power & Energy, Inc. (OTC MARKETS: PPWE) , the company looks forward to having a very productive 2011 and anticipates announcing the first revenues from the sale of oil this quarter.

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