Overnight price action was relatively subdued after Sunday to Monday’s overnight fireworks. The main news was Moody’s downgrading to negative outlook the sovereign debt of Germany, Netherlands, and Finland, due to the European support programs. …
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Trading fascinates me as much for the internal battle as the external battles. Most of the time, it’s fighting your own psychology and disciplining yourself. The market will always be there. It will always move …
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The last 10 days have been the lowest volume period (as measured by SPY volume) since the top in Apr 2011, and before that, the Christmas period in 2010. Clearly, markets are waiting to hear …
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My entire trading career, I’ve been fascinated with the market’s fixation on the payrolls number. It’s a backwards looking number with significant revisions and many underlying moving parts. It tells us little about forward looking …
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Markets are very quiet before a half-day session that ends at 1pm EST today for stocks. Asian markets were relatively strong, led by the Hang Seng up 1.5%, continuing a strong one week rally that …
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“China is the next world power.” “China will be the world’s largest economy in 20 years.” “China has more than a billion people. That’s endless demand.” I’ve heard variations of these stories for the past …
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Ok I get the reasons why WMT is trading at levels not seen since 2000: Crude Oil down about 20% since early May helps WMT customers dramatically, WMT’s 63% revenue exposure to the U.S. makes …
Continue reading2nd Trade Update May 21st, 2012: With MCD bouncing off of $90 today, a fairly important support level and the stock down about 4% in a straight line since legging into this trade. With the …
Continue readingTrade Update May 9th, 2012: With MCD down 2.5% since buying the June 92.5 puts yesterday morning for 1.60 I am now going to leg into the June 92.50/90 put spread by selling the same …
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MCD ($94) Couple quick bullets that support near term bearish thesis: Company missed same store sales estimates this morning, despite Europe beating, the US was weak (go figure?). Technically the stock broke it’s 200 day …
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