Not going to rehash all the debt ceiling garbage this morning, but I will give you a sense for how I am going to play it. I have a few trades that I put on …
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Update July 28th, 2011: With SPY at 131.35 I am going to sell half of the SPY July 131/130 Put Spread that I bought Tuesday for .12 now at .30……this way I lock in gains …
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The VIX‘s 10% move higher yesterday seemed to finally represent some of the volatility in single names following earnings announcements over the last 2 weeks, despite the ~3% move higher in the SPX during that …
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Stubbornness in the face of a very certain discipline didn’t end well for “Cool Hand Luke” and will most certainly not end well for our elected officials in their politicking for a deal on the …
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If you are a politician in the U.S. or Europe then the pressure is on and it isn’t even re-election season yet. European leaders “averted” Greece’s default with a massive $100 billion bailout, while our …
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Since breaking and closing above 1350 on July 7th, the SPX has had a bit of a rough ride, giving back about 40% of the move off of the June bottom. The same reasons why …
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Lot of noise this morning with a little something for the bull, the bear and the indifferent….
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Investors’ odd obsession with Nasdaq stocks that under/out -perform the SPX has been pronounced in this most recent market cycle as we saw a relatively orderly sell-off from early May to a very sharp V …
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Friday’s rally in the SPX was fairly impressive for a couple of reasons; first it was the greatest % gain of the five day rally and second although it came on a Friday before a long holiday …
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The strength of the rally this week is something we haven’t seen in a long time, as far as volume and breadth. The fact of the matter is traders got caught going the wrong way …
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