2nd Trade Update July 31st, 2012 at 1pm: Prior to tomorrow’s opening, HOG will report Q2 earnings, the options market is implying about a 7.4% move vs the 4qtr avg move of about 6.4%. Since …
Continue readingStocks have taken their own path on the most recent rally in anticipation of central bank easing. Other assets are not behaving like they did before and after previous rounds of central bank easing (whether …
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MorningWord 7/31/12: As we turn the page on July, and as we start to look downhill on what has already been an interesting 2012, I think it is important to recognize a pattern that has …
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Marketwatch Consumer spending in the U.S. fell slightly in June and marked the second straight decline even though wages rose sharply, according to the latest government data. Spending fell less than 0.1% last month on …
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SPY closed basically unchanged yesterday, and this morning indicates another open near unchanged after another quiet overnight session as everyone waits for the all-important central bank releases on Wednesday and Thursday. It is also month-end, …
Continue readingWhile index prices have marched significantly higher, this is not the type of market where a rising tide lifts all boats. Many boats are being left behind, evidenced by new highs vs. new lows (a …
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The Shanghai composite closed at a 3 year low last night. At the lowest level since March 2009. Multinational after multinational pointed out the weakness in Asia, and Chinese investors seem to agree with that …
Continue readingTrade Update July 29th, 2012 at 11:07am: Now that AAPL has all but filled in the earnings gap from last week, and regained it’s “most favored stock status” I am going to close one of …
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Marketwatch U.S. stock-index futures traded mostly lower Monday, with little fresh economic data in the immediate pipeline as investors await potential action by the European Central Bank and possible signals of more stimulus to come …
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MorningWord 7/30/12: Not sure if I used that hashtag thingy right in the title, still trying to figure that whole thing out, but while many of us were busy watching the really delayed, “Live” opening …
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