Ok, before the open I laid out the case for Short XLE via Long Premium and Long XLU via Short Premium, and why I liked the 2 as a pairs trade. When XLE was up …
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Earlier this morning I laid out the case for long XLU, short XLE (below), With the XLE up I am going to leg into this pairs trade and put on this portion and look to …
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MorningWord 6/6/13: Over the last week Enis has laid out his bearish near term thesis for oil (here) and traded (here) via USO options. Enis is obviously focused on the commodity but in a market environment …
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MorningWord 5/24/13: When I was a young trader working with and for older traders I used to hear a lot of war stories and get lots of advice. So here is a an example of …
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MorningWord 5/23/13: As Enis said in his MacroWrap earlier, “escalator up, elevator down”, not much more that needs to be said on the Nikkei. We have mentioned on more than one occasion in the the …
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MorningWord 5/22/13: Another day, another record for the SPX. While the price action can be categorized as relatively sideways, it wasn’t a great day to be a big box electronics or video game retailer. BBY was down 4.3% on …
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MorningWord 5/21/13: Investing in equities on a stock by stock basis is not exactly one of the easiest endeavors, thus the proliferation of sector ETFs. Take, for example, the performance of the large cap Technology sector …
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MorningWord 5/20/13: The rally off of the November 2012, now equaling about 24% in SPX terms has been called many things, but the one most common seems to be the “most hated rally ever”. Hedge …
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Update April 26th, 2013 at 10:40am: Since initiating a bearish short dated trade on JNJ on April 12th (below), the stock has risen ~3% vs the SPX which is down about 30 bps. Let the defensive out-performance …
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Earlier today Enis wrote a fairly splendid Chart of the Day post (below), showing how giddy the equity investment world has gotten about defensive stocks. We haven’t traded any of these names in quite a …
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