The solar stocks have relinquished their leadership position ever since winter arrived. However, given our long-term optimism on the sector (see our post from April), I wanted to do a quick chart check before the …
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MorningWord 12/17/13: As we head into year end there is always the talk about exactly what stocks portfolio managers at large mutual funds and hedge funds are willing to keep on their books. What they …
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Last week AIG reported Q3 results that by most accounts were a mixed bag with a murky outlook that sent the shares down 6.5% on Thursday. The one day decline was the largest in more …
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EEM had the largest option print yesterday, a day after VWO, another emerging market ETF, saw big put volume in Dec. EEM – Buyer of over 200k of the Nov 42.5 puts for 0.76 to open …
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Light option volumes once again as trading was generally earnings focused. GLW – More than 10x normal call volume as the stock rallied 14% on its Samsung partnership. The Jan14 17 calls were the most active …
Continue readingThe Biotech ETF, IBB, is up more than 50% in 2013, quite a performance for a relatively well distributed ETF with no one component comprising more than 9% of the ETF’s weight. The rally in …
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Earlier today there was a trade in the IWM that caught my eye (I will discuss below), largely because the small cap ETF that mirrors the Russell 2000 index has shown very dramatic relative strength …
Continue readingSince the spring, the USD has been weak vs. developed markets and strong vs. emerging markets. On an overall basis, that adds up to weak, since most of the currency volume is in the big, …
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In this morning’s Macro Wrap, I noted that interest rates were actually much higher now than they were when the Fed first mentioned tapering back in May. My conclusion: While interest-rate sensitive sectors were some …
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Stock volumes were their highest in more than 2 months, and options volumes were similarly elevated. SPY – Very active day in S&P 500 index options as well as the ETF. Volumes were 2.75x normal. The …
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