‘QE Infinity’ Rally Retraced. Now What?
The first two weeks in September presented traders and investors with a major toggle as both the ECB and the Fed announced major further operations to stimulate economic growth. Both fundamental as well as technical analysis was nearly impossible to apply for the near-term because the structural (central planning) announcements would either cause a major […]
Are You Just Now Getting Bullish On Stocks?
Are You Just Now Getting Bullish On Stocks? If so, as long as you realize that risk/reward in the near-term is no longer as good as it was two months ago you are in good shape. To be fair however, there remains upside potential in stocks. A little perspective goes a long way: The S&P […]
stock idea short: KEG STX at a buy point
S&P 500: Our Next Upside Target
As long as today’s lows on the S&P 500 hold we see 1480 as the next upside target. Will we get a pop and drop once that target is hit? Too hard to tell yet, but the air gets thinner with every 10 points or so of upside.
Market Notes For Week of Sept 17 2012
After the last two central bank news heavy weeks much of the ‘scary’ news flow may have passed for now. This should lead to a a quieter week on that front and maybe less jerky trading action for the first time in a while. Even though August was slow, headline risk seemed just around the […]
Trade Idea: WSM
For clients only: wsm fundies? potential resistance here..sell otm calls or just buy some puts? RV? shooting star & overbought on mcc and others…
Morning Thoughts September 4
Morning Thoughts Friday August 31
Since I last wrote this column on Tuesday August 28 the S&P 500 is down about 0.50% and bounced off the 1400 area yesterday. After two indecision days Tuesday and Wednesday some selling yesterday was healthy, especially when matched with intraday support. In short, I still favor the long side here with a first target […]
SKUL – A Stock Worth Taking A Closer Look At
The broader market has been trading in a tight range for a few days now, which eventually should lead to a move up or down out of this cozy little zone. On Tuesday I discussed a restaurant stock (Dineequity INC – DIN), which being in the cyclical consumer discretionary sector may have further upside should […]
Morning Thoughts August 30
Unless you have to trade we feel its best to stay out of the market here until mid next week. Cross winds from Jackson Hole to European politicians and more can easily move the tape in a random and choppy fashion…especially at the end of August. We remain long Skullcandy (SKUL) for bucket 2 and […]