I was perusing the market for cheap options in case the European financial contagion continues to worsen, and I found my trade in the most unlikely of places: Canada. My first job as a trader …
Continue readingTrade Update, May 31st at 12:45 pm: OXY is retesting its recent lows again today with crude selling off, and it bounced at the important $78 level for the second time, so I am going …
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MorningWord: 5/31/12: May 2012 started off with the increasingly familiar question asked by many market pundits heading into the guts of the second quarter, “Sell in May and go Away?” For the last 3 …
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Bloomberg The U.S. economy grew more slowly in the first quarter than previously estimated, reflecting smaller gains in inventories and bigger government cutbacks. Gross domestic product climbed at a 1.9 percent annual rate from January …
Continue readingThe past month feels eerily similar to mid-summer 2008. But it’s a bit of a remix. Back then, I remember quite vividly, many investors acknowledged that the U.S. banking system and housing market were in …
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I will be talking about MS on Talking Numbers between 3:20 and 3:30 pm on the Closing Bell with Maria Bartiromo. Putting all the other fundamentals in MS aside (Facebook fiasco, JPM whale causing increased …
Continue readingTrade Update 09:37 AM EDT – MAY 30, 2012 TLT finally broke to all-time highs today, as it had tested that level a few times in the past couple weeks, but today is the clean …
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MorningWord: 5/30/12: I like technicians, I really do, I have some good friends who made great careers gleaning things from squiggly lines that strategists, analysts, pm’s and traders are unable to do through exhaustive hours combing over fundamentals. …
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WSJ European markets pared some losses but remained broadly lower as Spain’s banking crisis intensified. The Stoxx Europe 600 index was down 0.6%, but had been down 1.5% earlier in the session. Spanish banks are …
Continue readingI generally try to avoid joining the media frenzy around a particular market topic because the media tends to distract me from the “real” story in many cases. Today I am making an exception. The …
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