Back in mid-March when Intel (INTC) was trading a little below $35 I detailed a bullish case for the stock in the back half of the year as the company further integrates a couple of …
Continue reading
A couple of weeks ago, amidst the horrible hurricane season, we checked in on Home Depot (HD) stock which had just pulled back from its highs. Our assumption was that that pullback, largely based on …
Continue reading
Back on August 8th following Priceline’s (PCLN) disappointing fiscal Q3 guidance, the stock declined 7%. What’s significant in my mind about the gap lower is that it came from an all-time closing high the day of earnings, …
Continue reading
By late June, Crude Oil had round-tripped its entire post-election bounce, but since then, it has put in what technicians might refer to as a double bottom. After being in major correction territory, down more than …
Continue reading
Shares of Texas Instruments (TXN) are trading within 1% of its all-time high made on Friday, and up 20% on the year, slightly underperforming the Philadelphia Semiconductor Index (SOX) which is up 24% ytd. This …
Continue reading
The U.S. stock market today is spooked by a couple things. Right out of the gate large-cap tech stocks that account for a good bit of the Nasdaq’s year to date out-performance were weak as …
Continue reading
Both Sprint (S) and T-Mobile (TMUS) stocks are higher this week after word of a potential merger hit. Here’s CNBC’s David Faber on Tuesday reporting from “people close to the situation”: T-Mobile and Sprint are …
Continue reading
In July we detailed a call calendar in the energy etf XLE. From July 18th: XLE ($64.90) Buy the Aug/ Dec 68 call calendar for 1.15 Sell 1 Aug 68 call at 17 cents Buy …
Continue reading
Last night on CNBC’s Fast Money we discussed the outperformance in semiconductor stocks. These conversations usually start with a discussion of Nvidia’s relentless year to date gains and what seems like daily new all-time highs, …
Continue reading
In early August we checked in on consumer staples etf XLP and offered a way to play for some downward pressure into year end. We did that by financing December puts with the sale of …
Continue reading