Is Chipotle Mexican Grill A Buy Now?
Chipotle Mexican Grill (CMG) fell almost 15% on Friday after a badly-received earnings report. McDonald’s (MCD) also tumbled after its earnings release, not helping the industry group and spreading to competitor stocks such as Jack in the Box (JACK) as well. After having risen about 55% in 2011 Chipotle Mexican Grill (CMG) has reversed course […]
Monday Morning Market Thoughts October 22
Was last Friday’s price action a game changer? Likely not entirely but it does lead us to rest with one eye open. From a pure price action point of view what to0k roughly 2.5 days to accomplish on the up-side in the first half last week only took one day (Friday) to destroy again. Yes […]
S&P 500 Sector Performance Since All Time Highs
Since the beginning of the most recent financial crisis, stocks have seen both extreme volatility outbursts and extremely low volatility periods. Amidst all of the turbulence, confusion and doom and doom headlines, for the average investor it was difficult to see where real opportunity lies. While hindsight is 20/20 it is none the less notable how […]
‘QE Infinity’ Rally Retraced. Now What?
The first two weeks in September presented traders and investors with a major toggle as both the ECB and the Fed announced major further operations to stimulate economic growth. Both fundamental as well as technical analysis was nearly impossible to apply for the near-term because the structural (central planning) announcements would either cause a major […]
Are You Just Now Getting Bullish On Stocks?
Are You Just Now Getting Bullish On Stocks? If so, as long as you realize that risk/reward in the near-term is no longer as good as it was two months ago you are in good shape. To be fair however, there remains upside potential in stocks. A little perspective goes a long way: The S&P […]
S&P 500: Our Next Upside Target
As long as today’s lows on the S&P 500 hold we see 1480 as the next upside target. Will we get a pop and drop once that target is hit? Too hard to tell yet, but the air gets thinner with every 10 points or so of upside.
Market Notes For Week of Sept 17 2012
After the last two central bank news heavy weeks much of the ‘scary’ news flow may have passed for now. This should lead to a a quieter week on that front and maybe less jerky trading action for the first time in a while. Even though August was slow, headline risk seemed just around the […]
Trade Idea: WSM
For clients only: wsm fundies? potential resistance here..sell otm calls or just buy some puts? RV? shooting star & overbought on mcc and others…
Morning Thoughts September 4
Morning Thoughts Friday August 31
Since I last wrote this column on Tuesday August 28 the S&P 500 is down about 0.50% and bounced off the 1400 area yesterday. After two indecision days Tuesday and Wednesday some selling yesterday was healthy, especially when matched with intraday support. In short, I still favor the long side here with a first target […]