Trade Update April 1st, 2013 11am: AAPL had a heck of a month in March after making new 52 week lows and seeing its peak to trough sell off from Sept hit roughly 40%, the …
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MorningWord 3/19/13: Yesterday at this time, I penned my morning piece, titled, ” Treacherous Set Up For Bears, $SPX = Flight To Quality”. As a trader who came in to the day net short, I should …
Continue readingMorningWord 3/18/13: Since Super Euro Banker “Extraordinaire” Mario Draghi said the now infamous words back in late July, the Euro Stoxx 50 is up about 25%, but understandingly under-performing the SPX since the European Sovereign Debt Crisis has gripped the region …
Continue readingHere is a summary of what I will be discussing tonight on Options Action on CNBC at 5pm: AAPL is up 2% today as I write and it is most likely the result of speculation of what …
Continue readingMorningWord 3/15/13: I’ll start this post as I have on many occasions over the last few weeks. AAPL is desperately attempting to put in an intermediate term bottom. Since gapping below $440 on March 1st, the stock has spent …
Continue readingMorningWord 3/14/13: Tuesday on Fast Money I was asked to respond to a viewer Tweet about BBRY, whether to Buy Sell or Hold with the stock around $14.50? If I recall correctly, my answer was …
Continue readingMorningWord 3/13/13: Last night, the FAA set the course for BA to commence limited tests flights of their Dreamliners with their newly designed battery systems. This is obviously great news for BA which has had their worldwide fleet of forty nine 787s …
Continue readingMorningWord 3/12/13: AAPL is most certainly trying to put in a bottom after its almost 40% peak to trough draw-down from the Sept highs. For most of yesterday’s trading AAPL, continued its relative under-performance looking like it was …
Continue readingMorningWord 3/11/13: Most traders of my age, the ones who sit in front of screens all day, have one eye trained on the scrolling news ticker on their quote system. Prior to the Great Recession, …
Continue readingLast year AAPL’s price action from Jan 1 to Sept 21 resembled a mania despite the first full year that the company was lead by new CEO Tim Cook. Cook set out quickly to establish …
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