Oil (Light Sweet) Is Up In Early Going, Please Watch
Oil was also defiantly strong yesterday despite a strong equity trade. Should it keep rising today then at some point equities have to play catch up. … to the downside that is.
Apollo Group
Apollo (APOL) Group Setting Up For A Buy. APOL has been on my radar for several months now. After the big earnings drop in October I had sold calls and collected nice premium when shortly thereafter the volatility came crashing down and the stock paddled sideways for a while. Now the setup is much different: […]
Morning Thoughts Wednesday Dec 7
Quick one this AM, and appologies for the lack of a morning video today. Not alot of new stuff to talk about today…Thursday's ECB meeting (50 bps cut expected) and Friday's socialists unite announcement remain front and center. We want to be in maximum levels of cash and wait for better opportunities The mother chart […]
Update On The Euro
Quick peek at the EUR/USD reveals a trading range since November 1st. A break out of that range in either direction will likely be reflected with a similar direction move in equities…possibly into year-end.
Bucket 2 Idea: EAT
We are adding one more name to our buy wish-list for a continuation of the Santa rally…IF we get it. This is not actionable until next Monday at the earliest. The name is EAT and the chart is below…Brinker International. A close above $24.60 might be buyable.
Updated Buy Wish-List
We are interested to buy on a pullback for santa rally (IF, big IF the market doesn't totally fall appart: SPY, CAT, OIH, APKT, MMM, EAT
Reducing B2 Short Position In SPY
Today we took profits in our Bucket 2 short position in SPY. We will likely close the rest of the position later today. The reasoning is simple. The past five days stocks have consolidated and worked off some of their overbought levels. Any decent news out of Europe tomorrow and Friday has the potential to […]
Closed B2 Short Position In WYNN
We just closed the rest of the WYNN short position we had. Closing price was 112.85. The rational is the same as for the closing of the short position in SPY…we want to be as flat as possible going into Thurs and Fri. If the market falls appart we will have plenty of time to […]
SPY Short Position Fully Closed
Follow up on the earlier post…we now also closed the last remaining part of the Bucket 2 short position in SPY. Fully flat SPY now.
Bucket 3: Long GDX
just bought some GDX for bucket 3. we are proably buying it too high but for bucket 3 that's not so important right now first target $65.50. but it is bucket 3 so we want to keep it for a while stop at $60 for now