Here is a list of some untied options activity/trades that caught our eye on an otherwise quiet day in the equity markets. 1. GLD – gold had one of its worst weeks in a very …
Continue reading
Today’s price action, SPX unchanged, Nasdaq down marginally but high valuation sectors like Solar (TAN -2.6%, SCTY -5%), Internet stocks (SOCL -1.5%, TWTR -4.5%, YELP -3%) and SaaS/CRM stocks (CRM -3%, NOW & WDAY -4%) acting noticeably …
Continue reading
In early May we made the case for a bearish trade in CRM (at about the same level as it is now) largely based on what we felt was a poor technical set up and …
Continue reading
Monday at 1pm eastern Tim Cook takes the stage at their annual World Wide Developers Conference. Its been a busy week for Apple leading up to the event, kicked off by what seems some well …
Continue reading
The most hated rally in the history of the stock market keeps chugging along and despite the SPX’s recent breakout to new all time highs, and a pretty one at that, its hard not to …
Continue reading
Fairly interesting divergence between equities and bonds for the first time in a while as the SPX closed on a new all time high and bonds as measured by the TLT made a new 11 …
Continue reading
It seems that for every day that the SPX makes a new all time high, a new potentially significant divergence emerges. Gains in the Housing market, long thought to be a pillar of the recovery, …
Continue reading
Last Thursday GME issued a better than expected Q1, and saw its stock gain more than 4% on the day but has since filled in a bit of the gap. We laid out a bearish trade …
Continue reading
On Fast Money last night I was honored to offer a strategy to help Regis Philbin fix one of his investments that had gone terribly wrong. The stock is Molycorp (MCP), currently trading $2.90. For all intents …
Continue reading
Back in late February when WFM was trading $53.45 I highlighted the chart (here) as the first installment in our continuing technical analysis series, “Triangle’s of Death”. Back in February the chart was forming a …
Continue reading