Dshort The S&P 500 closed up 0.49% after slipping briefly into the red during the last ninety minutes of trading. August 2011 is now on the books as the worst S&P 500 monthly performance … [Read more...]
Rally Getting Long in the Tooth: Low Premium, Levered Way to Play- SDS Sept Call Fly
1:27 pm EDT - August 31, 2011 By Dan
Ok Well I am sure I will be a little early here, we have gone a pretty healthy distance off of the lows in a short period of time..... I want to start putting on a short structure that offers a … [Read more...]
Trade Update: Sprint (S): iPhone5 Will Just Put Off the Inevitable, Especially If T / T-Mob is Approved, VZ/Sprint is in the Offing
11:55 am EDT - August 31, 2011 By Dan
Update Aug 31, 2011 at Noon: Since the Original Post last week Sprint has been a little volatile to say the least....I first bought the common at 3.25 and then sold it on WSJ report that the … [Read more...]
This Little Rally Off the Bottom is Like Putting Lipstick on a Pig
9:08 am EDT - August 31, 2011 By Dan
All appears to be good with the world again.....Asia was generally up in sympathy with the Fed's outlook, Europe is up soundly up across the board on German Chancellor Merkel's ability to quell the … [Read more...]
It’s A Traders Market, So Embrace the Volatility
9:14 am EDT - August 30, 2011 By Dan
As I write at 9am, the S&P500 futures are down 70bps, the DAX is down ~80bps near the lows of the session, following a strong showing by Asia overnight up in sympathy with our strength … [Read more...]
In Between Days: All Or Nothing
12:18 am EDT - August 30, 2011 By CC
DShort The S&P 500 finished the first day of the week with a twelve handle at 1210.08, a 2.83% advance from Friday's close. The final volume numbers aren't in as I type this, but a preliminary … [Read more...]
Update: Couple Quick Bank Trades
1:32 pm EDT - August 29, 2011 By Dan
I want to do a little trade management on a couple of the trades I put on Friday morning. I expressed my near-term bullish views in common stock because it just seemed the easiest way to play the … [Read more...]
New Trade: CSCO: Play for a Turnaround in the Company and the Stock, With Defined Risk
10:36 am EDT - August 29, 2011 By Dan
NEW TRADE Aug 29th, 2011: Please look at comments below from earlier in the month.....my View still stands....I am re-intiating this position.... 2nd Update July 28th, 2011, … [Read more...]
GS: Goldman Left for Dead? Low Premium Bullish Structure w/ 8 to 1 Payout if the Stock Can get Back to Book Value By Oct Expiration
8:48 am EDT - August 29, 2011 By Dan
Update 9;50am: I paid 1.30 for this Call Fly when stock was below 113. Over the past month as the stocks of most large U.S. money center bank and brokerage stocks got creamed, … [Read more...]
A Short-Term Technical Look at the SPX
11:10 pm EDT - August 28, 2011 By Dan
Friday's market action was not what most expected given the news that we got......GDP, while not that much worse than expectations, was by no means encouraging for those hoping that we are not heading … [Read more...]
Last Week’s Trading Diary
10:19 pm EDT - August 28, 2011 By Dan
Friday was just one of those days in the markets where there was a little something for everyone........the anticipation leading up to the Fed Chairman's speech in Jackson Hole was one of those events … [Read more...]
Couple Quick Bank Trades
12:08 pm EDT - August 26, 2011 By Dan
A little bit ago on "Quick Hits" i stated that I was reducing some short term bearish positions and adding some short term bullish positions.....I just reduced my JPM Sept 34/30 Put Spread at … [Read more...]
Update w/ New Trade: AAPL: Bruised for the Moment but Still Pretty Shiny
11:38 am EDT - August 26, 2011 By Dan
Update: With AAPL shrugging off the Jobs news and the markets shrugging off the Fed news, barring anything disastrous out of Europe over the weekend this rally off of today's morning lows could have … [Read more...]
Roundup: Jackson Hole, Biden, Greece and Irene
11:12 am EDT - August 26, 2011 By CC
WSJ Fed Chairman Ben Bernanke’s main message in his much-awaited Jackson Hole speech is essentially, “Stay Tuned.” In light of the slow economy, investors have been clamoring for the … [Read more...]
Market Touch – No News Will Not Be Good News For Equities
8:58 am EDT - August 26, 2011 By Dan
GDP out and frankly in line with expectations at about 1%....so no cause for alarm, but reinforcing thoughts about a very stagnant to weak economy. Mr. Bernanke clearly had an early look at this … [Read more...]
In Between Days: Bernanke, BAC, Buffett and Irene
9:57 pm EDT - August 25, 2011 By CC
WSJ Economics: 8:30 a.m. ET: The Commerce Department takes a second crack (of many) at estimating second-quarter GDP. Economists estimate it will come in at 0.7%, exactly matching the first … [Read more...]
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