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MORNING UPDATE: PriceWatch Alerts for EMC and More.......

MorningUpdate - Options Trading Email

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MORNING UPDATE: PriceWatch Alerts for EMC, WMT, HAL, FLS, and HLX

February 29 - 8:30 AM EST - Before the open... PriceWatch Alerts 
for EMC, WMT, HAL, FLS, and HLX, Market Overview, News Leaders and 
Laggards, and Today's Economic Calendar.

New PriceWatch Alerts for EMC, WMT, HAL, FLS, and HLX
 
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS-------------- 
-- EMC Corporation (NYSE: EMC) 
Last Price 15.73 - JUL 15.00 CALL OPTION@ $1.90 -> 8.5% Return 
(21.7% Annualized) assigned*  
-- Wal-Mart Stores Inc. (NYSE: WMT)
Last Price 50.70 - JUN 50.00 CALL OPTION@ $2.90 -> 4.6% Return 
(14.7% Annualized) assigned*  
-- Halliburton Company (NYSE: HAL) 
Last Price 39.06 - JUL 37.50 CALL OPTION@ $3.80 -> 6.4% Return 
(16.3% Annualized) assigned*  
-- Flowserve Corp. (NYSE: FLS) 
Last Price 111.41 - APR 110.00 CALL OPTION@ $6.30 -> 4.7% Return 
(33.3% Annualized) assigned*  
-- Helix Energy Solutions Group, Inc. (NYSE: HLX) 
Last Price 33.60 - JUN 30.00 CALL OPTION@ $5.50 -> 6.8% Return 
(21.6% Annualized) assigned* 

*Annualized returns are shown for comparison purposes only
 
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NEWS LEADERS AND LAGGARDS-----------------------------------------
So far today, AIG, Brillian Corp., and Dean Foods lead the list of 
companies with the most news stories while Adolor Corporation and 
Crosstex Energy GP are showing a spike in news. Apple, Calpine 
Corporation, and Southern Union Co. have the highest srtIndex 
scores to top the list of companies with positive news while 
Sepracor Inc. and Audible Inc. lead the list of companies with 
negative news reports. Microsoft has popped up with a high positive 
news sraIndex score.

MARKET OVERVIEW---------------------------------------------------
Not much is going right overseas this morning as six of nine 
reporting Asian/Pacific markets are down and all nine reporting 
European markets are down. The Japan Nikkei is down 2.32%, the 
German DAX is down 1.64%, and the Madrid General is down 1.01%, 
while the China Shanghai Composite is up 1.14%. 

Crude oil touched a high of $103, but as of this morning has com e 
down from that level as well as yesterday's close. Front month 
crude is trading at 102.17, down 0.42 (0.4%). Other energy 
interests that are also down including heating oil and gasoline, 
while natural gas is higher by less than a penny.

Most metals are unremarkable, with the only action of note being 
silver, which is lower by $23 or 1.3%. Gold, copper, and platinum 
are mixed but all relatively flat from yesterday's closing levels.

TODAY'S ECONOMIC CALENDAR ----------------------------------------
8:30 a.m.     Jan      Personal Income & Spending
8:30 a.m.     Jan      Core PCE Inflation & Prices
9:45 a.m.     Feb      Chicago PMI
10:00 a.m.    Feb      Michigan Sentiment

EARNINGS EXPECTED TODAY (w/current estimates) --------------------
BFB   0.98
CDE   0.03
MIR   0.68
POM   0.34
SEPR  0.53
IPG   0.22
PGR   0.33