LULU ($49.25) report their fiscal q3 tomo morning. The options market is implying an outsized move of about 10.5% vs the 4 qtr avg move following earnings of about 6.5% -The stock is up 44% ytd, … [Read more...]
Update FXE: If the Euro is Toast, Let’s Find A Way to Play With Defined Risk
9:10 am EDT - November 30, 2011 By Dan
Update Nov30th, 2011: With the news this morning that the U.S. Fed led coordinated central bank action to to cut dollar funding costs, the Euro is up about 1.4% . In some ways this news is a decent … [Read more...]
MorningWord: 11/30/11
9:00 am EDT - November 30, 2011 By Dan
MorningWord: 11/30/11: Well this mornings opening gap of approx 3% in the SPX is the exact reason why I have not wanted to be net short since early last week. The pressure was just too great for … [Read more...]
What’s the Story Morning Glory
8:29 am EDT - November 30, 2011 By CC
WSJ Pre-Market Brief: Market tone: Stocks called higher following China’s rate cut, which boosts the euro against the dollar; Treasurys higher; Nymex crude up at $100.09; gold up 0.6% at … [Read more...]
In Between Days
12:36 am EDT - November 30, 2011 By CC
CNBC The European Central Bank must act sooner rather than later in order to avoid a grave outcome for the euro area and possibly the euro itself, according to Credit Suisse Economist Yiagos … [Read more...]
In Trading Sometimes it Makes Sense to Take Some Old Skool Gangster Advice
3:40 pm EDT - November 29, 2011 By Dan
You guys have heard me say this before, but sometimes the best thing to do when you lack conviction is to just sit on your hands and do nothing. This clip from the HBO show Boardwalk Empire kind of … [Read more...]
Update RIMM: Is Sentiment So Bad That It Could Be Good For the Stock Near Term?
9:16 am EDT - November 29, 2011 By Dan
Update Nov 29th, 2011: No New trade here, but RIMM is up 5.5% this morning following an upgrade by Sanford Bernstein from Under-Perform to Market-Perform, I think in English that means Sell to Hold. … [Read more...]
MorningWord: 11/29/11
8:58 am EDT - November 29, 2011 By Dan
MorningWord: 11/29/11: European markets and our futures were up about a % point earlier in front of an oddly anticipated meeting of Euro Finance ministers in Brussels today. I guess the uneasy … [Read more...]
What’s the Story Morning Glory?
8:53 am EDT - November 29, 2011 By CC
WSJ Pre-Market Brief: Market tone: Stocks called higher in line with futures; euro higher against the dollar following Italian bond-auction; Treasurys lower; Nymex crude higher at $98.91; gold up … [Read more...]
FXE: If the Euro is Toast, Let’s Find A Way to Play With Defined Risk
3:14 pm EDT - November 28, 2011 By Dan
With the world equity markets screaming today, there is one thing that sticks out to me like a sore thumb, The Euro vs the U.S. Dollar only up 57 bps. At the very least on a sentiment basis the … [Read more...]
MorningWord: 11/28/11
8:35 am EDT - November 28, 2011 By Dan
MorningWord: 11/28/11: This morning's world-wide euphoric equity market rally predicated on a BS rumor (here) that the IMF was readying a loan for Italy greater than their actual lending capacity was … [Read more...]
Trading Diary: Nov 21st – 25th
10:16 pm EDT - November 27, 2011 By Dan
Last week the SPX had a rough three and half days of trading where Monday's opening tick was practically the high and Friday's shortened 1pm close was the the dead low. World debt and equity markets … [Read more...]
In Between Days
9:48 pm EDT - November 27, 2011 By CC
Reuters U.S. stock futures jumped in early electronic trading on Sunday on the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis. U.S. stocks suffered … [Read more...]
MorningWord: 11/25/11
8:05 am EDT - November 25, 2011 By Dan
MorningWord: 11/25/11: Walking in this morning on what we will be a shortened day of trading, things feel about as crappy as they did Wednesday. European equity markets are down again this morning, … [Read more...]
In Between Days
10:54 pm EDT - November 24, 2011 By CC
NYT PARIS — Quashing recent speculation of a softening in Germany’s hard-line stance on the euro, Chancellor Angela Merkel repeated on Thursday her firm opposition either to bonds issued jointly … [Read more...]
The Fed: There you go. Givin’ a #^@* when it ain’t your turn to give a #^@*.
There you go. Givin' a #^@* when it ain't your turn to give a #^@*. - Bunk to McNulty - The Wire Over the past few months here at Risk Reversal we've been trying to translate what's been happening … [Read more...]