Macy’s has had an interesting 24+hours. Following the release of their Q4 earnings report the stock seems to be a a bit confused.Initially it opened unchanged but quickly came under pressure yesterday, getting as low …
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We have spent some time in this space debating the potential benefits of lower oil for the U.S. consumer and what it means for corporate profits in an environment where the dollar has surged. Yesterday’s …
Continue readingAs I mentioned in yesterday’s COO on the XRT trade, this structure is working well and we would probably roll the short put part out. Today seems like as good a day as any considering …
Continue readingI wanted to circle back to a trade we have on in the XRT (retail ETF) from Nov 21st (here) as it’s working well but we’ll likely make a move on it in the next …
Continue readingTwo weeks ago Dan initiated a trade in XRT, the retail etf, with the thought that recent strength was probably too far too fast and the retail stocks were close to taking a breather. The …
Continue readingOn a few occasions of late I have described my aversion to stepping in front of what appeared to be an impending breakout in retail stocks heading into the holiday season (reprinted below). But with the …
Continue readingI am fairly certain that whatever type of market participant you are (active, passive, or have merely a viewer of financial TV) then you have heard the statement “the stock market is a discount mechanism”. …
Continue readingDespite some high profile disappointments in the last couple of weeks by retailers like ANF, COH, KORS, KSS and WMT, the sector as a whole has caught a rally of late. The increased optimism about the U.S. …
Continue readingXLF touched 20 for the first time since 2008, and financials were the most active sector. XLF – The customer sold the June 18 puts to close 96k times, and bought the Aug 19 / Aug …
Continue readingMorningWord 12/31/12: The New Years Eve trading session is normally a bit of a quiet session with not a ton relevance, but today, with just six and a half hours left to trade in 2012 …
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