Doug Kass of Seabreeze Partners earlier issued a Tweet-memo to “talking heads”: Memo to all the “talking heads” in the business media: 20K in the DJIA is meaningless. It is meaningful to those that need …
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Shares of General Electric (GE) have spent the better part of 2016 trading in a fairly tight range between $28 and $32, now approaching the upper end: To my eye, a rejection at $32 and …
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We have several defined risk short positions in ETFs, including the QQQ and IWM. With the market down today it’s a good opportunity to start thinking about trade management. First, let’s recap the positions. First, …
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A new closing record for the S&P 500 index and the DJIA, though the Nasdaq 100 closed just short. Options volumes were light ahead of today’s monthly expiration. 1. KORS – 35k of the Jan15 70 …
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Regular readers of the site know that we don’t generally refer to the U.S. equity market in terms of the Dow Jones Industrial Average (DJIA). The index of 30 stocks (largely not industrials) is price …
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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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The CBOE composite put/call ratio closed at 0.64, its second lowest reading of the year. The VIX closed near 12, its lowest close since mid-January. And of course, the S&P 500 and the DJIA closed …
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The reversal candle has become commonplace over the past month. NFLX was one of the first momentum stocks to report this quarter, and its reversal candle by the close after earnings was quite a rare …
Continue readingThe DJIA index hit its lowest level since June 26th today. The large cap index has actually been much weaker than the S&P 500, Nasdaq or Russell 2000 in the month of August. It is …
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Yesterday was the first up day in the DJIA after a 6 day losing streak, its first such streak since July 2012. The SPX index bounced right up to its 50 day moving average around …
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