There is some wacky stuff going on in U.S. stocks this week. The unthinkable has happened, energy, material and mining stocks have absolutely ripped, as have some industrials, while high multiple crowded trades like Facebook, …
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If your Christmas clean up was like mine, it consisted of breaking down Amazon.com boxes. Ten years ago when I started as a Prime member, my wife and I didn’t say a word to anyone …
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Before adding a couple new short biased trades in COST & PG, we spent the early part of the week trimming a couple shorts (INTC and JPM), closed a poorly constructed short biased trade in CAT, …
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In case you missed it, recent U.S. housing data is pointing to a recovery, from this morning’s WSJ.com Housing Showing Signs of Recovering: Existing home sales rose at their strongest pace in five-and-a-half years in May, suggesting that …
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This morning, Home Depot reported Q4 earnings that were above expectations despite numerous headwinds, including weak housing data, a higher mortgage rate environment and nasty weather for much of the country. While same store sales …
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With XHB bouncing off its 200 day moving average today, we’re going to take the opportunity to spread our Long March 32 put that we bought on Friday Jan 17th (below): ACTION – Sold to …
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HD is nearing support near its rising 200 day moving average, from where the stock has bounced on several occasions in the past 6 months. With that in mind, and the fact that our put …
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Homebuilding-related stocks got off to a red-hot start in 2013, with XHB rising more than 20% in the first 5 months of the year. Since May 2013 however, when rates began their taper-spurred rise, the …
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In the past week, we’ve seen the following stocks cut guidance or report a major dud on earnings: SCSS down 19% on Monday after pre-announcing weaker sales and earnings, noting that “From Cyber Monday through …
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Reuters Consumer prices were flat in June as the cost of gasoline dropped, offering some relief for cash-strapped Americans and scope for the Federal Reserve to ease monetary policy further to help the faltering recovery. …
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