Yesterday’s Action and Looking Ahead

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I guess things are falling a bit into place for the bulls here; disaster in Greece temporarily averted, the patch of bad economic data that we had seen for weeks has all been forgotten even in the … [Read more...]

Night Reading


WSJ Economics: 8:30 a.m. ET all times: Weekly jobless claims are out. Economists expect only a slight drop to 422,000. Way, way too high. 9:45 a.m.: The Chicago PMI comes out, which is … [Read more...]

UPDATE: WYNN: Betting Against the House

From the time I suggested this trade 3 weeks ago, the stock has basically gone from 141.70 down ~9% right back up to 141 current levels.....the spread was working very well and can now be sold for a … [Read more...]

UPDATE: Plus Bonus Bearish IBM Structure

I thought I had this one and frankly I did for a while as the stock traded down to 161.50 earlier in the critical error in this one was that I was trying to be patient and let the thing … [Read more...]

UPDATE: Oracle (ORCL): See your Future.

This was a play into earnings for an oversold bounce as the stock had just sold off 15% in the few weeks prior....well earnings were mixed and the stock sold off following the report which showed … [Read more...]

What We’re Reading: Greece is the Word


Seeking Alpha Today's Markets In Asia, Japan +1.5% to 9797. Hong Kong flat at 22061. China -1.1% to 2728. India +1.1% to 18694. In Europe, at midday, London +1.4%. Paris +1.9%. Frankfurt … [Read more...]