Lunar New Year – RiskReversal

MorningWord 2/16/16: What Lies Beneath? $SPX

February 16, 2016 by Dan • Commentary

The S&P 500 (SPX) is set to open up 25 points, a 1.5% pop. This, after Friday’s 2% bounce that itself was a follow through from Thursday afternoon’s late day reversal. In all the SPX will …

Trade Update $WYNN: Doubling Down

February 10, 2014 by Dan • Commentary

Last week, I entered a near term bearish position in WYNN after the release of disappointing sales in Macau Casinos in the month of January. At the time I suggested: With the stock obviously a …

New Trade $WYNN: China Syndrome

February 5, 2014 by Dan • Commentary

Casino stocks had a rough opening on the heals of January sales in Macau that were well short of analysts expectations on a year or year basis, per Bloomberg: Feb. 5 (Bloomberg) — Macau casino …