Morning Thoughts June 4
Risk was large for sale across the board on Friday with weaker data globally and funding stresses in Europe. Volumes were heavy at 8.3bln shrs (+31% v 5d avg & +18% v 10 & 20d avgs) China PMI weakest in 5mos (Crude -380bp, Copper -131bp, Gold +405bp) * Euro-area unemployment reached record 11% * US […]
Flat SPY
Just covered/bought back my short position in SPY I’ve had open for the past 1.5 weeks. Good trade and my S&P 500 target at 1276 was hit.
Morning Thoughts January 4
It was a quiet but positive start to the year yesterday. Equities opened sharply higher and spend the rest of the day consolidating the big up gap. The bigger picture chart of the S&P 500 shows we are still holding well b elow the broken up-trend. We have room higher…into 1360 or so…but above there […]
Porfolio Holdings January 4
Cash 87% Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 MMM 9-Dec long Indu 81.73 77.5 85 SBUX puts 3-Jan long April 45 strike puts Cons Cyc 2.76 Bucket 3 Symbol Open D Direction Sectors Avg Entry Stop Target 1 […]
Transportation Stocks Need To Get Jiggy With It
If the broader market wants to get some more ups in coming days or so we'd need to see the transportation stocks (IYT) to participate. A push above the $91 area may give them some hope for higher levels…watch it please.
Afternoon Update: Two Interesting Setups
The tape is holding up well (flat so far) despite yesterday's big move higher. Two stocks that are looking especially interesting today. Bucket 2 short-side idea: GMCR The narrow trading range since early December will resolve in either direction soon. A break below $44 is what we are interested in to open a short position. […]
Yelp – Ripe For A Quick Short-Side Trade
Local business review website Yelp Inc (NYSE: YELP) has seen tough going as a publicly traded stock since its initial public offering back in March 2012. The stock is up 26% from its IPO price of $15, but like other social networking companies, Yelp Inc (NYSE: YELP) has endured extremely volatile trading in 2012. To […]
ANF – Potential for a trade but not an investment
Since the recent lows in stocks back in June the rising tide managed to lift the majority of stocks higher with it. For those stocks that did not participate there are usually two schools of thought; a) they will catch up and move higher soon or b) they are weak for a reason and will […]
Starting into September
After it was all set and done, for the month of August the S&P 500 rose about 1.50%, but at its peak was up about 3.45% for the month. The Russell 2000 index too closed the month well off its intra-month highs, yet the Nasdaq 100 relatively speaking pushed higher right through the end. But […]