Close-Up Look at the S&P 500
Here is an updated version of the close-up look of the S&P 500 futures we so often take a look at. There is a clear trend of those downward sloping trendlines, which we then follow to break through to the upside of. We are currently above the latest one, the question is will we remain […]
SPY vs GLD Correlation
Ever since the first government-sponsored rescue package was thrown at the market in 2009, correlation among asset classes (stocks, commodities, currencies, fixed income) has increased. The terms ‘risk-on’ and ‘risk-off’ were coined to describe markets’ appetite for risk in general. As such, investors have not distinguished much between asset classes, for when risk was on […]
Morning Thoughts August 10
Just a couple of quick thoughts this morning; China trade data overnight doesn’t show a great macro picture. This will matter again in time…its simply a question of when In the meantime stocks have thus far enjoyed an incredibly boring week with a tight trading range. This will ultimately resolve in either a sharp move […]
Are small cap stocks trying to tell us something?
Most of my trading activities focus around trading the S&P 500 via various execution vehicles and in different time frames. One of my indicators for clues as to the next move in the S&P 500 comes from closely following the Russell 2000. Two things I pay especially careful attention to are; 1) relative out or […]
Morning Thoughts January 10
A dull day yesterday – Volumes weak – barely cracked 6bn shares – down 2% vs. 5day ave – Turnover of $186b lowest. SPX holding above that 200dma steadily (we hit 1,275 and saw a good technical bounce) – outside of that, simply boring. Only meaningful headline in the afternoon was the Nov consumer credit […]
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 […]