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 […]
Dining out is in
While markets are still weary of the constant uncertainty of recent years, year to date all sectors in the S&P 500 are in the green. Not surprisingly given Apple’s (AAPL) strong run and heavy market capitalization the technology sector is leading to the upside. In second place however is the consumer discretionary sector; up just […]
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.
B2 short positions exited
We took full profits on our Bucket 2 short positions in SPY and IWM yesterday as the S&P 500 it 1402, as planned earlier in the day yesterday.
Morning Thoughts August 24
Another terrible volume day yesterday – down 12% vs 20day (and barely cracked 5bn shares) – VWAP a cap all day as longs sold – first day (in 4) we saw legit shorties in market (in Energy, techs, miners…so BETA) – luckily SPX bounced from 1,400, but will be tested today. We exited our Bucket […]
SPX downside target
our next downside target in the SPX is 1402. We will exit our b2 shorts in SPX and IWM on a move above yeserday’s highs.