On August 16th we initiated a bearish position in EEM, the emerging markets etf. The trade we landed on looked to fade the lack of volatility into Labor Day weekend in order to finance November …
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On August 10th we took a look at Facebook (FB) stock and decided on a defined risk bearish trade that was looking for a mild pullback in the stock from where it currently is (about …
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Walmart has been a massive out-performer in 2016, up 18% ytd vs the S&P 500 (SPX) up a tad less than 7%, and the S&P Retail etf up 7.5%. Call volume is running hot today …
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The Gold Miners’ etf, the GDX is having one of its worst days in months, down 4.5% as I write, with the etf trading below the uptrend that has been in place since mid January. …
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Two weeks ago we looked at Nike (NKE) stock and thought that it offered good risk reward for those looking for a catch-up trade, especially given the international exposure that comes from Olympic Games time. …
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In case you missed the headline: *WTI CRUDE CLOSES IN BULL MARKET, UP 22% FROM EARLY AUGUST LOW – Bloomberg That was a fairly epic short term bounce right from the nice round number and level …
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In an earlier post I stated that “I am not an economist, so I’ll save you the mumbo jumbo“. Well, I am also not a technician, but I like looking at charts. One of the …
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This morning’s July non-farm payrolls report came in better than expected for the second consecutive month. That brings the average monthly gains to 186,000 for 2016. The unemployment rate stayed put at 4.9%. The July …
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Yesterday (here) we took another look at the Biotech sector. We first posted feelings on Aug 6th, where we made the following observation from a technical and sentiment standpoint: The M&A frenzy in Biotech is …
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Monthly auto sales figures were released yesterday, and the two long-time stalwarts in the American car market went in totally opposite directions. Monthly sales figures vs. September 2012: Ford: +5.8% Chrysler: +0.7% GM: -11% September …
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