MorningWord 9/26/13: Tuesday’s close in JPM, below its 200 day moving average for the first time since August 2012, was nothing short of ugly. On that selloff, Enis made the case that despite the mounting …
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Market consensus seems to have crystallized around the fact that Debt Ceiling Debate 2013 has much less potential to harm markets compared to its 2012 or 2011 versions. Cardiff Garcia at FT Alphaville summarized well …
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Some less frequently traded stocks made the most-active list yesterday. JCP – Almost 400k puts traded, with implied vol exploding higher (30 day atm vol above 90) after Goldman’s report that recommended buying CDS. The Nov …
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Stocks in Asia were mixed, with Japan staging an impressive turnaround, but China selling off 2%. European stocks opened green, but quickly turned red. SPX futures rallied to up 7 points just prior to the …
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We’ve written about BA twice in the past week, as the stock flew higher last week after breaking out to a new all-time high. First, our CotD post on the 19th concluded: The breakout last …
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We put this trade on for a quick technical bounce. Given that we’ve had that, we have no interest in overstaying our welcome, particularly since Deutsche Bank has already indicated that the 3rd quarter was …
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Back in mid-June I made the argument (below) that despite challenged fundamentals, stocks like ZNGA could be a reasonable speculative long when you consider their large cash balance, investors’ appetite for speculation and the potential …
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Since initiating this position on Friday afternoon, JNJ has declined or about 2.5%, and about 3.5% from the highs on Friday morning. I am now going to lock in the profit for a little more …
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Since initiating this Oct/Oct call calendar, IBM went straight to my strike, then up another $5 and now back at the strike. With a little more to Oct 4th weekly expiration, the 190 strike that …
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MorningWord 9/25/13: Back on July 24th, prior to FB’s blowout Q2 results and when the stock was in the mid $20s with a measly market cap of about $60 billion, Wall Street analyst sentiment, at …
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