Overnight, Bloomberg News highlighted waning momentum for Gold (Gold Losing Appeal for Investors Retreating From Rally Bet), citing data suggesting: Hedge funds and other speculators cut their wagers on a bullion rally for the fourth …
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Event: Microsoft (MSFT) reports fiscal Q4 results tonight after the close. The options market is implying about a 4.5% one day move, which is well below the 4 qtr average one day move of about 6.6%, and inline …
Continue readingEvent: Twitter will report their Q4 results tonight after the close. The options market is implying a whopping 17% one day move, which is rich to the average of about 14% one day move following …
Continue readingAfter closing a profitable bearish trade in IBM into their Q1 print (bottom of page from April 14th), we wanted to roll the bearish view out a bit as the results and commentary in our …
Continue readingReuters Job growth in May was the weakest in a year and employers added far fewer jobs in the prior two months than previously reported, suggesting the economic recovery was faltering. Employers created a paltry …
Continue readingBloomberg Equity futures advanced as retail sales gained 0.8 percent in March, almost three times as large as projected and followed a 1 percent advance in February, Commerce Department figures showed today in Washington. The …
Continue readingBloomberg Jobless claims climbed by 24,000 to 399,000 in the week ended Jan. 7, Labor Department figures showed. The median forecast of 46 economists in a Bloomberg News survey projected 375,000. Retail sales climbed 0.1 …
Continue readingSeeking Alpha Today’s Markets: In Asia, Japan +1.0% to 8823. Hong Kong +2.3% to 18758. China +0.8% to 2555. India flat to 16951. In Europe, at midday, London -0.9%. Paris -0.9%. Frankfurt -1.2%. Futures at …
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