MorningWord 7/3/13: I’ll keep this short and sweet for our Holiday shortened trading day. We have been of the belief that the May 22nd high, was the high. We also believe that the SPX’s inability to get through important …
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Almost 3 weeks ago I bought a May put spread (below) in GS in front of what I thought would be an increasingly volatile couple months for equities in general, and a seasonally tough time …
Continue readingMorningWord 3/28/13: Enis posted a couple great charts this morning in his MacroWrap on the SPX and what its eventual break above new highs could mean (read here). The powers that be, really want to …
Continue readingFor the second straight week, European headlines have dominated the airwaves, but the SPX index and the VIX futures curve have hardly moved week-over-week. As I’ll show in my Vol Around the World post tomorrow, …
Continue readingMorningWord 3/27/13: The breadth of the rally has been declining all year as measured by the NYSE New Highs, charted below (a series of lower highs and lower lows): [hr] MorningWord 3/26/13: Back in …
Continue readingMorningWord 3/26/13: Back in late September when YHOO was trading ~$16, and prior to its 45% rally to almost 5 year highs, we thought the stock was cheap on a sum of the parts basis, …
Continue readingMorningWord 3/25/13: Last Monday, at this exact time I sat down to pen this piece and I suggested that the down 1% opening on the flare up was a “Treacherous Set Up For Bears, $SPX = Flight …
Continue readingHere is a summary of what I will be discussing tonight on Options Action on CNBC at 5:30pm: Ok I get it, Euro Bank/Debt Contagion fears are SO 2011/2012, but my sense if the last …
Continue readingWith the FOMC announcement in minutes, the SPX and VIX futures have hardly gone anywhere in the past week. VIX spot is a bit higher, and intraday volatility has picked up this week, but close-to-close …
Continue readingMorningWord 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 …
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