Today’s price action in U.S. stocks is confounding to say the least. The pre-opening 2% sell off from the highs on the worse than expected Sept jobs data made sense in the context of our …
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Consumer staple stocks have been on our hit list for the last 6 months. Our most recent trade was a put spread into Proctor & Gamble’s Q4 earnings report in late January (read here). At …
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Friday was a bloodbath for high yielding equity sectors or those deemed to be defensive, with Utilities leading the way to the downside, declining 3%, and Consumer Staples and Healthcare down about 2%. It’s not hard to …
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Here are some of the notable large options trade that caught our attention today: 1. HLF – traded more than 6x average daily volume. It look like a long holder bought what we call a …
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Consumer Staples stocks have had a rough go so far in 2014, as measured by XLP. They are down almost 5% on the year, vs the SPX, which is down about 3%. One of the …
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The U.S. 10 year Treasury yield peaked in early September, after rising most of the summer in anticipation of the Taper. The No Taper announcement on the Sept FOMC broke the multi-month uptrend in U.S. …
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I have a confession to make, I have no clue what to do here as it relates to equities. While this many not be a huge surprise to some of my fans on Twitter (I …
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Light stock and options volumes for the 3rd straight day. AAPL – Weekly calls were the most active lines, with the 550 and 530 strike calls trading the highest volume. Stock is essentially unchanged in the …
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The materials sector has been the worst performing sector in the U.S. market for much of 2013. Stagnant metals prices, rising costs, weak emerging markets, and Chinese overcapacity have all been partly to blame. The …
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MorningWord 8/6/13: In this space yesterday I discussed the relative out-performance of Web 2.0 stocks vs their brothers from another bubble (here), and what the frothy price action could mean at this stage of the …
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