New Daily Segment: Three Charts For The Day
As of today we will start three charts for the day where we see interesting setups or see them interesting as a macro, micro, or techincal tell. The three charts will be available for all to see but we will describe a trade setup in one of them and that is for subscribes only. Shanghai […]
Portfolio Holdings January 10
86% Cash Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 SBUX puts 3-Jan long April 45 strike puts Cons Cyc 2.76 CROX 4-Jan long Cons Cyc 15.97 FXE 5-Jan long Currency 127.47 GMCR 6-Jan short Cons Staples 43.23 […]
Bucket 3: New Trade
Bucket 3, new trade: short WBMD June 30 calls The stock is down 26% today on news of the CEO resigning and the company not being up for sale any longer. Sales guidance is very murky at best This is a classic Bucket 3 options strategy trade for us where we sell far out of […]
Is The 200 DMA Useful For The S&P 500?
Yesterday the S&P 500 closed right near its much talked about 200 day simple moving average; the closing print for the S&P 500 was 1377.51 and the 200 day moving average closed at 1380.71. As we are once again at this crucial support for the S&P 500 I wanted to take a moment to discuss […]
Two Stocks With Upside Potential This Football Season
After another action-packed weekend in the NFL I decided to look at a couple of companies with exposure to the football season. To be clear when I refer to the ‘football season’ I exclusively look at the September through December period of any given year. HIBB Sports Inc (HIBB) operates a chain of sporting goods […]
S&P 500 Five Day Average True Range
The five day average true range of the SPX is again just below the average for the year…currently near 13. Each time this happens I take note and mentally at least prepare for bigger moves down the road.
Morning Thoughts July 9
New 1yr low for the euro on Friday (-86bp at 1.2285). Spanish 10yr back around 7%. IMF’s Lagarde said likely to revise global growth outlook lower. US NFP disappointed at 80k vs 100k consensus. However, bulls will point to the increased chances of QE3 Broad-based weakness with all 10 sectors lower and 23/24 L2 sectors […]
Gaps on both sides of the market here…
The chart below is of the S&P 500 emini futures and depicts 30 minute intervals. Note the gaps on both sides of the market. One or both of them should fill in the not too distant future
Logo
Monday Afternoon Update
if we were to tally it up right here right now at 3PM ET we'd see a flat session…with a decent intraday swing. Financials are at the forefront again today along with industrials. Nothing is really moving a ton however, except silly stocks like GMCR which is up off its intraday lows around 8% today. […]