Happy Research Sunday
Good morning folks. I'm not yet sure whether I will have enough time to write a weekly newsletter today as the launch of the new website is scheduled for tomorrow. I'm busy like Lizzy trying to wrap things up to be ready for the big launch day tomorrow. I am however starting the day off […]
The Steady Trader
The Steady Trader One of my brokers just alerted me that the spread between 2yr and 30yr treasury bonds are at an all time high of close to 400 basis points. That led me to look at the spread between 2yr and 10yr bonds: around 280 bps…also very wide. Two Questions; What does […]
An Options Trade Idea For December
We’ve had a good couple of days in the markets, and with immediate-term risk assets being quite oversold, the bounce we are seeing may have further to go. Soon the question will become whether this bounce leads to performance-chasing (and hence a rally) in risk assets by fund managers, or whether the global growth slowdown […]
Gold setup to the short side?
Gold has arrived at an interesting crossroad here. From the early September highs to the recent lows it has now retraced 50%, and also exactly run into its 50 day moving average (yellow line). If we think about it from a correlation point of view with equities (second chart below) , note it's fairly inverse..i.e. […]
still not much to do…but observing is critical
headline risk out of the g20 meeting is way too big to add any positions in either direction. we discussed MS yesterday and below note the chart of the XLF financials etf. if the XLF holds and bounces off the $12.50-$12.75 area it should also give us more confidence in a long-side try in MS, […]
long MS
we want to initiate a long position in MS today before the close if it looks like the stock will close no lower than $16.80
we are long MS for bucket 2 swing trade
We are long MS from $16.97. stop at $15.90 and first target near $19 to $19.50. Reason: Strong intraday recovery, strong daily candle, support at 50 sma and 50% fibonacci retracement…financials lagged all day but suddenly picked up slack. Back drop from g20 improved…that can flip on a whim…all depends on what side of the […]
Bearish Near-Term Pattern in Visa
on the weekly chart visa left a long tail doji two weeks ago and last week gave us follow-through selling. more weakness should be following this
Ann Taylor Setting Up For Another Short
On July 13th I discussed here (http://www.investorplace.com/50082/ann-taylor-stock-retail-sales/) that ANN Inc (NYSE: ANN), formerly Ann Taylor Stores, might be a good short opportunity based on both the longer and shorter term charts. The stock then ensued to rally more than anticipated, finding resistance near its 50 day moving average (yellow line) and depending on how […]