A couple of weeks ago we looked at the set-up in Caterpillar (CAT). Here are some highlights: CAT’s fundamentals remain challenged with greater exposure outside of North America than DE (55% vs 35%), and far …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was May 26th to May 29th:
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While the weakness in the Transports has caught a lot of attention of late, the relentless selling in some Industrial stocks may be more important for the direction of the broad market in the near future. …
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Friday, shares of Deere (DE) gained 4.35% after reporting fiscal Q2 sales that declined 18% year over year and eps down 30% year over year (which to be fair was much better than expected.) DE today …
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Here is some generally directional, untied options activity that caught my eye during Thursdays trading: 1. UUP – the US dollar seeing some pretty healthy gains vs the Euro this week, up about 3.5% since Good Friday, with the …
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A few weeks ago (below) we placed a bearish trade in Deere (DE) with the thought that industrial stocks could play some serious catch up in the very near term with the intensifying sell off in oil given their …
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Yesterday, I laid out the bearish case for Deere (below), concluding: Because vol is pumped, timing on an out-of-the-money put spread like that is crucial and that’s why we’re not doing a trade right now. …
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Since trading as high as $107 following China’s surprise rate cut on November 21st, shares of Caterpillar (CAT) have declined 17% to fresh 11 month lows, in clear correction territory down 20% from the 52 …
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All of the major indices made new intraday all-time highs in the U.S. (except the Nasdaq, which is still below its high from the year 2000), though the Russell 2000 and the DJIA closed below …
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1. BAC – stock broke out to a new 52 week high today, now up almost 13% from the Nov 7th lows of this month. The most active options line was the Jan 15 calls …
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