You know the old saying, Credit leads Equities. And in China, the country’s fairly well documented credit bubble is leading their stock market down a long road to ruin. The Shanghai Composite closed down 2.8% overnight, …
Continue readingShanghai Comp
All is right in the world again, the Troika won, China Stabilized its stock market and thus saved its economy, and Netflix registered blow-out subscribers (full disclosure I attempted a defined risk short trade into …
Continue reading
In case you missed it, global equities have been volatile over the last month: the German Dax trading in 9% range from prior peak to trough last week, and now back within 1.5% from the …
Continue reading
Back in early 1998, when I was still a kid, I completed my first winning trade, it was in enterprise software vendor PeopleSoft (ticker PSFT, a company that was bought by Oracle in 2005 for $10 …
Continue reading
OK, so a lot happened over our holiday weekend. Obviously the Greek referendum is the lead story. As usual, I have no way to tell you what comes next. And based on what I have …
Continue reading
News Flash: The S&P 500 (SPX) is very near another breakout to new all time highs, and if recent history is any guide this occurrence should happen fairly soon: But, after three and a half months …
Continue reading
Well, this is a mistake we make only occasionally but it hurts pretty bad when we do. That is, getting the story right in a stock yet picking the wrong structure to play it. It …
Continue reading
A few weeks ago we initiated a trade in WYNN that had very little delta exposure, but looked play for a near term consolidation through December expiration around $180, but looked to set up to own …
Continue reading
Shares of Wynn Resorts (WYNN) went from a massive outperformer in the first qtr of 2014 (up 30% on the year at one point) to its current “left for dead in a raging bull market” …
Continue reading
I am no macro maven, and know very little about what is really going on in the Chinese economy, but the price action of Chinese equities for the last few years has been downright disgusting …
Continue reading