Trade Update Nov 13th, 2012 at 2:27pm: This position has been a roller coaster, as COH has basically fluctuated between 50 and 65 in the past 2.5 months. With the markets relatively oversold, and only …
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Trade Update Nov 9th, 2012: Consumer discretionary as a sector has many headwinds in my humble opinion, but the the XLY has been a bit more stubborn than I would have expected over the last month. I …
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Readers of our site should be very familiar with our belief that we do not subscribe to the notion that the Fed’s latest round of quantitative easing, focused on MBS will magically trickle down to consumers in the form …
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COH has quite a chart for the last year: The stock went from 50 to 80 and back to 50 over the last year. The puke shot on Jul 31st after earnings was …
Continue reading2nd Trade Update July 19th, 2012 at 9:37am: With AXP down about 2.5% this morning at 56.90 I am closing the second half of the July 57.50/55 Put Spread at 1.45 for a triple. Action: …
Continue readingTrade Update July 18th, 2012: AXP reports Q2 earnings after the close and the options market is implying about a 3% move vs the 4 qtr average move of less than 1%. Oddly prior to …
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New Trade July 10th, 2012 at 2:28pm: Enis and I had been looking for ways to press the luxury retail short without pressing some of the individual names. AXP trading at a market multiple, with only 5% …
Continue readingInternational luxury demand is in danger. We’ve touched on the theme of international weakness multiple times in the past 2 months. Dan has used IBM and NKE put spreads to play international demand weakness. More …
Continue readingAs oil falls, the bull market cheerleaders are starting to use it as part of the bullish thesis again. As Dan said in his MorningWord today, we are not cheerleaders, just traders trying to make …
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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