Broker calls this morning:
broker calls useless this morning…they are just throwing out manic ideas to generate commission. one guy has 1700 as a S&P 500 target for 2012, the other 700. great info guys…so tomorrow it could either be -20degrees or 120 degrees at the beach
Portfolio Holdings January 3
Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 SPY 15-Dec long INDEX MMM 9-Dec long Indu 81.73 77.5 85 Bucket 3 Symbol Open D Direction Sectors Avg Entry Stop Target 1 GDX 7-Nov long […]
Bucket 2: New Short Position
We just bought April 45 strike puts on SBUX for a Bucket 2 trade…partially to offset the Bucket 2 longs but also as an alpha generator in and of itself. SBUX is at the top of its long-term trading channel and today is showing an outside day on the chart on good volume. A little […]
Opportunity In Retail Stocks Into The Holiday Season
October is here and while the holiday season is still too far away for most to give it much thought, investors would be wise to position their portfolios accordingly. The following statistics and thoughts may be of help for those considering the retail stocks sector as a potential investment. Historically, looking back to 2001 retail […]
Morning Thoughts August 2
The week thus far was uneventful as I advertised it would be on Monday. The moment all waited for was today at 8:30 am et when Mario Draghi would announce his euro-saving strategy. S&P 500 futures just sold off 1.4% in 5 minutes and the EUR/USD followed in favor. Utilities (see chart below) are giving […]
S&P 500 Daily Chart…Important
chop begets chop….so use these lines as rough guidelines.
New Bucket 2 Position
We are short SPY as of noon today ET.
Morning Thoughts July 2
Financials rallied aggressively into the close on Friday. XLF and BKX breaking above their 50dmas. BAC & MS +5%, however interestingly JPM -42bp on the day. Builders continued to outperform. S15HOME made another new 4yr high. KBH +13% squeezed higher after strong #s (and very low expectations). Within Tech, Semis outperformed behind strength […]
A must read!!
I don’t necessarily subscribe to the entire thesis but a) the man has a stellar track record and b) we must see all sides and respect any potential outcome http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever
Morning Thoughts June 1
I just hope at the very least over the course of this year I have managed to keep you out of an all in equities long portfolio I know there were trying times to this thesis but here we are now… This morning’s May employment report (very weak) was just another data point showing to […]