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 is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. SPY – the S&P 500 closed at a new all time high today, and despite total options volume running …
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The investment world is breathless with anticipation for Fed Chair Yellen’s testimony today in front of Congress. The uncertainty if and when the Federal Reserve will raise the Fed Fund rates, a rate that has …
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In Late December we took a bearish view on the utilities sector using the XLU (see below). Since then the etf has declined 7%, and our trade is worth a more than 2x what I …
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In late December we identified XLU as a sector that had outperformed the broader market to such an extent in 2014 that it was setting up for a pullback at some point in early 2015 …
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XLU seems to have reversed a tiny bit from its parabolic breakout. We still like the chances for this to pull back towards that 50 day moving average around $46 so we’re staying with …
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Earlier today, in an otherwise quite trading day, there was a large trade in the etf of the best performing sector in the S&P 500 that caught my eye. When the XLU, the Utility Select SPDR …
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On Friday’s Options Action on CNBC we had JPM’s former market strategist Tom Lee, now of FundStrat, who made a very bullish case for a Q4 rally for a whole host of reasons but none bigger …
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After yesterday’s 1.4% advance, the utilities sector once again took the lead as the best performing major sector in the U.S. market in 2014. I discussed the technical situation in last month’s MorningWord, when the Dow …
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SPX futures traded in a 4 handle range throughout Friday’s session, an extremely tight range, especially for a triple witching expiration. Outside of options expiring on Friday, here were some of the single stock options …
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