MorningWord 8/2/12: As an aging trader who started in the business in the mid/late 90s, I have seen my share of bubbles emerge and then pop. When I was just a lad in the 90s, …
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Business Insider Mario Draghi has disappointed the market, it would seem. In his press conference he’s made noises about yields being unacceptably high, and other things. But there’s no concrete action. Markets are going down. …
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Lord save us all from a hope tree that has lost the faculty of putting out blossoms. Mark Twain Hope is a strong emotion. And this market is levitating on hope. As I said …
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Back on July 3rd, when INTC was ~$26.80, I bought a tight $1 wide Put Spread to express a near term bearish view as the company approached their Q2 earnings event. The stock sold off …
Continue readingHere’s a preview of what I’ll be discussing on Talking Numbers today between 3:30 and 3:35 pm EST on CNBC: Dan pointed out the potential head and shoulders formation on Ford all the way …
Continue reading3rd Trade Update Aug 1st, 2012: Talk about Technicals leading Fundamentals…..looking at the chart below that I posted on June 27th when I first bought a Put Spread in HOG: The point I made yesterday …
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MorningWord 8/1/12: Market sentiment is a weird thing, most of the time it does not exactly correspond with where the market appears to be heading or be indicative of the price action to come, …
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WSJ Automatic Data Processing and consultancy Macroeconomic Advisers reported 163,000 new private-sector jobs added in July, much stronger than expectations for 108,000 new jobs. However, June’s reading was revised lower. Stocks remained little changed following …
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The market basically treaded water again yesterday, on low volume and a tight intraday range. Overnight action was not much different, as Asia closed mixed and Europe is currently flat. SPX futures are indicated up …
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