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 […]
SKUL – A Stock Worth Taking A Closer Look At
The broader market has been trading in a tight range for a few days now, which eventually should lead to a move up or down out of this cozy little zone. On Tuesday I discussed a restaurant stock (Dineequity INC – DIN), which being in the cyclical consumer discretionary sector may have further upside should […]
Morning Thoughts August 30
Unless you have to trade we feel its best to stay out of the market here until mid next week. Cross winds from Jackson Hole to European politicians and more can easily move the tape in a random and choppy fashion…especially at the end of August. We remain long Skullcandy (SKUL) for bucket 2 and […]
Morning Thoughts August 29
Another unchanged day yesterday in stocks as a whole. Not much to report as such, so let’s look at the immediate term swings to see where we may have some reference levels to lean against and target for…for those that deal with the near-term time frames; For the S&P 500 A break below the 1405 […]
New Bucket 2 Long Position
We are long SKUL (Skullcandy) as of this morning. We are long a 1/3 of a full position and will look to add should it move up in coming days and weeks. Fundamentals look solid if you can understand the cash-burn thus far this year and with 80% of the float short it wont take […]
Morning Thoughts August 28
Good Morning First off a little cautionary note; on average the last week of August is slow going in the stock market. The key word there is ‘average,’ which certainly doesn’t make it a rule. As we have come to learn, anything can transpire in a centrally planned market and thus we would be wise […]
Closed A Bucket 2 Short Position
We just closed our position (bought back the calls we were short) in TSO that we had bought last week. Profitable trade.