MorningWord 10/24/13: Today is like the Super Bowl of Q3 earnings with over 350 companies reporting. Maybe as expected, due to fairly muted expectations for Q3, and the expected Govt Shutdown “mulligan” for Q4, the …
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FDX is another name that has gone nuts in the last 2 weeks, as it broke out to a new all-time high above 120, leading to an immediate 10% rally from there in the past …
Continue readingWe have received a lot of questions on our BA Name That Trade post from a few weeks back, when we laid out a short term bearish trade when the stock was ~$119 due to …
Continue readingWe’ve written about BA twice in the past week, as the stock flew higher last week after breaking out to a new all-time high. First, our CotD post on the 19th concluded: The breakout last …
Continue readingMorningWord 9/20/13: No matter what your view as to why the SPX broke out to new highs, the actual occurrence is nothing short of impressive from a pure technical perspective. While a runaway breakout …
Continue readingBoeing is up for the 9th straight day, and higher on 12 of the last 13 sessions. But even those stats don’t do the move justice, as the average up move during that period has …
Continue readingMorningWord 8/28/13: This morning in his MacroWrap, Enis highlighted the faltering leadership from the Financial sector, but specifically he noted, “The break of this uptrend of out-performance is concerning as the market searches for …
Continue readingMorningWord 8/16/13: It seemed just a month or 2 ago when the Fed floated the taper trial ballon that maybe just maybe the uptick in economic data and the hope for a pick up in …
Continue readingWe had our eye on BA after it reversed after earnings on July 24th, and the put fly that we traded turned out to be the right structure to play for a 102-108 range ever …
Continue readingWe have a couple of in-the-money flies getting closer to expiration that I thought I’d give an update on and how we’re looking at them. IT’s an interesting comparison between the two as one is …
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