Given the severe oversold nature of the oil sector last week, we put on a couple of trades that were designed to play for a bounce from severe oversold conditions. However, today’s selling has taken …
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Earlier (below), I laid out a bullish thesis on Chevron (CVX), but I wanted to add a trade idea that looks attractive in the Energy Select etf (XLE) for those who share a contrarian bullish …
Continue readingDespite no shortage of geopolitical headlines that could cause supply shocks in the crude oil market, the price of the commodity has seen a precipitous drop (down about 16%) from the 52 week highs made …
Continue readingI wanted to revisit FCX today as a follow-up to a post I did in late July discussing a potential trade in the stock as it was trying to hold its $38 breakout level. At …
Continue readingOn Fast Money last night I was honored to offer a strategy to help Regis Philbin fix one of his investments that had gone terribly wrong. The stock is Molycorp (MCP), currently trading $2.90. For all intents …
Continue readingLooking back on the week that was it is hard to find a bigger story than the collapse of Twitter following its IPO lock up on Monday evening. For the rest of the week traders …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Feb 10th – Feb 14th:
Continue readingBack in early November we bought GLW at $16.47 after the stock had pulled back from a euphoric gap higher on a long term deal to supply LCD glass to Samsung. At the time we …
Continue readingThe overnight price action in the USD/JPY cross has been quite a move. The cross brook out to a 5 year high above the May high of 103.74 around 11 pm, but only held that …
Continue readingDan laid out the fundamental and technical bullish case on GLW about 3 weeks ago in his CotD post: One stock that caught my eye this morning was GLW, the flat panel glass maker for …
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