Yesterday in the MorningWord I highlighted the chart of the Euro Stoxx Bank Index (SX7E), that I dubbed the “worst chart in the Northern Hemisphere” showing the index siting on massive long term support, and …
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MorningWord 5/24/13: When I was a young trader working with and for older traders I used to hear a lot of war stories and get lots of advice. So here is a an example of …
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MorningWord 5/23/13: As Enis said in his MacroWrap earlier, “escalator up, elevator down”, not much more that needs to be said on the Nikkei. We have mentioned on more than one occasion in the the …
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MorningWord 5/22/13: Another day, another record for the SPX. While the price action can be categorized as relatively sideways, it wasn’t a great day to be a big box electronics or video game retailer. BBY was down 4.3% on …
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Event: NTAP reports their fiscal Q4 earnings tonight after the close. The options market is implying ~6.75%* move post results which is essentially in line with the 4 qtr avg move of ~6.94% and the …
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MorningWord 5/21/13: Investing in equities on a stock by stock basis is not exactly one of the easiest endeavors, thus the proliferation of sector ETFs. Take, for example, the performance of the large cap Technology sector …
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MorningWord 5/20/13: The rally off of the November 2012, now equaling about 24% in SPX terms has been called many things, but the one most common seems to be the “most hated rally ever”. Hedge …
Continue readingTrade Update April 17th, 2013: With GS down ~7.5% from its Monday morning highs prior to their Q1 earnings report, and down ~5% since I initiated my bearish Put Spread in May expiration nearly a month ago, I …
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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 …
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Guidance is always an important component of any earnings report. We always want to skate to where the puck is going, etc, etc. But guidance from companies this quarter is especially important given the elevated …
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