I wanted to take a moment to go over the AAPL trades we’ve done on the site for the past couple of weeks. The trades have turned out very well, and part of the reason …
Continue readingMorningWord: 9/30/11: Yesterday’s late day rally was nothing less than excruciating for those who were short the market, but I will say it can’t be that surprising when you consider lightly manned trading desks for …
Continue readingTonight on the news you’ll hear how the stock market was up on the day with the Dow Jones average having a pretty nice gain, especially considering it dipped briefly into negative territory. But if …
Continue readingLooking at the damage done today in consumer names today I am actively looking for those that haven’t broken yet…..This action is downright disgusting; LULU -5%, CMG -4%, COH -8%, TIF -9%, ANF -6% , …
Continue readingUpdate Sept 29th 2011: Earlier this morning on “quick hits” I mentioned that I closed the balance of my Nov 405/425 call spread at 8.00 when the stock was $399. This trade was a decent …
Continue readingMorningWord: 9/29/11: S&P futures are trading near the highs of the overnight session on better than expected GDP and lower than expected Jobless Claims coupled with a mildly positive German Parliament vote in favor of the Euro …
Continue readingHere’s an update on upcoming events in the Eurozone mess, from Dow Jones: –Thursday, Sept. 29: The EU/ECB/IMF troika returns to Athens to continue assessing Greece’s progress in cutting its budget deficit. The talks are …
Continue readingYesterday’s late day collapse, with today’s inability to hold the morning gains only to collapse for the second afternoon in a row may be the nail in the coffin for this trading range we have …
Continue readingWSJ BERLIN (Dow Jones)–German Chancellor Angela Merkel’s center-right coalition faces a tough political test on Thursday when the parliament votes on expansion and reform of the euro-zone’s bailout fund, the European Financial Stability Facility. Parliamentary …
Continue readingMorningWord: 9/28/11: Yesterday’s rally of 2.8% in the SPX was fairly impressive until about 2:30pm when they turned on a dime and spent the next hour and a half giving back two thirds of the …
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