I concluded today’s MorningWord (Wake Me Up When September Ends) with a comment that events in the next few weeks might spark some market volatility (one way or the other) and how the options market …
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It’s been a newsy week in financial markets. Monday saw continuation of takeover speculation for Twitter (TWTR) and the stock has been able actually build on last Friday’s 21% gains, despite no news, and famed venture …
Continue readingLast night on CNBC’s Fast Money, Marko Kolanovic, JPMorgan’s global head of derivative strategy made the case for an uptick in volatility, and the strong potential for a pullback in U.S. stocks nearing 5% between now …
Continue readingBeing wrong about the direction of a stock, or a market is part of this business. What I have found in my nearly two decades trading in financial markets is that embracing the fact that …
Continue readingYou know the drill, even if you’ve forgotten it. But thanks to Larry McDonald updating a Tweet of his from last Summer, here’s a reminder: Here we go again (2)#Dollar#Oil#Debt — Lawrence McDonald (@Convertbond) July 20, …
Continue readingIt seems like a lifetime ago but on Friday the S&P 500 (SPX) was in an all out free-fall in the aftermath of the UK Brexit vote, closing down 3.6%. I had some fairly specific …
Continue readingHere were a few decent size long premium directional options trades in index ETFs that caught my eye in today’s trading: EEM – there were a couple bullish longer dated trades in the emerging market etf. …
Continue readingToday was clearly a risk off day, stocks down, commodities down, bonds up, gold up US$ up… you know the drill despite having done your best to erase those events from your memory since early …
Continue readingThe rally in the S&P 500 (SPX) from last month’s lows near 1800 to today at 2000 was initially powered by some of the most loved and most prominently weighted in the index. But of …
Continue reading6Last night on CNBC’s Fast Money my friend Carter Worth of Cornerstone Macro Research laid out his technical view on the S&P 500 (SPX). He has been consistent for months, if not quarters that the …
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