Jamie Dimon will give testimony on the floor of the Senate tomorrow, in what has seemingly become an annual exercise of parading bank executives in front of Congress. If you’re unfamiliar with the JPM CIO’s …
Continue readingWeakness in international stock and currency markets have been a concerning feature of the current market backdrop for a few months now. Today’s chart offers more confirmation of that trend, thanks to the Bespoke Investment Group: …
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Here’s a preview of what I’ll be discussing on Options Action at 5pm EST today on CNBC: If you told me on May 17th, the day before the Facebook IPO, that Facebook would decline 30% …
Continue readingI look at hundreds of charts each day. I’ve always viewed the charts as studies of market psychology. What were speculators thinking at a certain important level in the past, and what got them to …
Continue readingThe trend is your friend. You’ve probably heard it countless times, and I generally roll my eyes when I hear it myself. If only it were so simple. Where does the trend end and a …
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MorningWord: 6/6/12: Dan is halfway across the world in Hong Kong for the next few days, and I hope he comes back with some insight into whether the China slowdown story is real or irrational fear. …
Continue readingNothing has stood out to me more about the last 3 years than the changing nature of stock price action. Sometimes it’s hard to explain, but I know it’s changed, especially as an options trader …
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Before saying anything, please look at AutoZone’s chart in the last 5 years: Since AZO began its incredible bull run in 2009, the stock has not been below its 200 day moving average for any …
Continue readingAAPL is of course exceptional. It’s the largest stock in the world. But the exception I’m referring to is in its volatility pricing. Amazingly, its implied volatility has become unhinged from the rest of the …
Continue readingTrade Update June 4th, 2012 1:30 pm: With History’s Shortest Dotcom Bubble Ever™ apparently ending in flames, we’re going to close the GRPN structure laid out below for a slight profit. These stocks look ugly …
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