Takeover Trader editor Louis Basenese has found a stock market indicator that he says is as close to a sure thing as you can get.

Heavy volumes of options trading – particularly when biased to one side – gives a clear signal that a stock is about to make a big movement.

And Louis says Friday’s huge trade in short-term call options for EMC Corporation (NYSE: EMC) suggests its share price is about to rally big time. Louis says it’s time to long on this stock now…

US foreclosure filings have more than doubled in 2Q from a year ago, reports Bloomberg.

According to RealtyTrac, 1 in every 171 households was foreclosed on, received a default notice or was warned of a pending auction in the quarter. That’s up a massive 121 percent from a year earlier – and 14 percent just from 1Q.

The housing housing market has yet to bottomed out, says Louis Basenese. But this doesn’t mean you shouldn’t consider a play in real estate.

Real estate is in a black hole, says Louis Basenese. The five largest U.S homebuilders lost $3.4 billion in the latest quarter. Home-builder sentiment is at a 22-year low. Investors are salivating over the prospect of a bottom in the real estate market. But Loius says it’s best to wait. A clear-cut signal that the housing market has bottomed isn’t coming…