GPS ($28.50) EVENTS(S): 1.Report Comparable Store Sales Thursday May 3rd Prior to the Open. 2.Report fiscal Q1 earnings on May 17th after the close. PRICE ACTION / SENTIMENT: stock has … [Read more...]
New Trade GPS: Stock Up 53% YTD Heading Into 2 Events in May, You May Want To “Mind the Gap”
2:37 pm EDT - April 30, 2012 By Dan
What’s the Story?
9:15 am EDT - April 30, 2012 By CC
Reuters The Commerce Department said on Monday consumer income rose 0.4 percent last month. Analysts had expected a gain of 0.3 percent. After-tax income climbed 0.2 percent in March when accounting … [Read more...]
Rough Winds Can Shake The Darling Buds of May
3:34 pm EDT - April 27, 2012 By CC
Next week's economic calendar is chock full of goodies. The big ones are the pair of ISM numbers, plus we'll get our weekly jobless claims, and that all leads up to the All Important™ jobs number on … [Read more...]
3rd Trade Update AAPL: Managing Short Iron Condor on Weekly Expiration
3:16 pm EDT - April 27, 2012 By Dan
3rd Trade Update April 27th, 2012 at 3:20pm: I have gotten a couple questions on this and want to clarify before the 4pm close. The question is what to do with the Short Apr 27th weekly 525/520 - … [Read more...]
Update: Bright Lights Big Citi
1:58 pm EDT - April 27, 2012 By Dan
Update April 27th, 2012 at 3pm: Please see below under Trade section a second trade structure that is longer duration and almost half the premium of the Put Spread that I bought earlier. Original … [Read more...]
What’s the Story?
8:50 am EDT - April 27, 2012 By CC
CNBC Gross domestic product expanded at a 2.2 percent annual rate, the Commerce Department said on Friday in its advance estimate, moderating from the fourth quarter's 3 percent rate. While that … [Read more...]
MorningWord: 4/27/12
8:32 am EDT - April 27, 2012 By Dan
MorningWord: 4/27/12: We can debate and analyze and pick apart the internals of the market, but at the end of the day, the stock market's broad resilience throughout the last week has been quite … [Read more...]
AMZN: Q1 Earnings After the Close (Or Lack There Of) & A Defined Risk Way To Play For the Previous Lows
1:19 pm EDT - April 26, 2012 By Dan
Nice Summary of Expectations From Bloomberg: PREVIEW: Amazon.com 1Q: Watch Margin, Kindle Updates By Brian Welcher April 26 (Bloomberg) -- Amazon.com reports 1Q post-mkt. ESTIMATES: ● 1Q EPS … [Read more...]
What’s the Story?
9:32 am EDT - April 26, 2012 By CC
Bloomberg U.S. stock futures fell, following a two-day rally in the Standard & Poor’s 500 Index, amid higher- than-forecast jobless claims data and as earnings from United Parcel Service Inc. … [Read more...]
MorningWord: 4/26/12
8:44 am EDT - April 26, 2012 By Dan
MorningWord: 4/26/12: I got to give AAPL a ton of credit, not only did they disclose Tuesday night that they seemingly brought great joy to 35 million people last quarter by selling them the only … [Read more...]
2nd Trade Update AAPL: Managing Short Iron Condor for An Out-Sized Move
1:33 pm EDT - April 25, 2012 By Dan
2nd Trade Update APril 25th, 2012 at 2:25pm: AAPL has found a bit of a home up about 8.5% at $609, trading about $9 below the morning highs.....I think the stock's close could be fairly telling for … [Read more...]
Warm Winters Lead to Cold Summers
12:05 pm EDT - April 25, 2012 By CC
Today's durables goods report was the latest in a string of macroeconomic disappointments over the last few weeks. This phenomenon is most easily seen by the following chart of the Citigroup … [Read more...]
The Beatings Will Continue Until Morale Improves
11:40 am EDT - April 25, 2012 By CC
The UK has officially slipped into a double dip recession. From the WSJ: -- U.K. GDP shrinks 0.2% on quarter in 1Q -- U.K. officially back in recession after contraction in 4Q 2011 -- Slide in … [Read more...]
MorningWord: 4/25/12
9:04 am EDT - April 25, 2012 By Dan
MorningWord: 4/25/12: Yesterday wasn't a bad showing for equity markets that seemingly could have cared less about anything else other than AAPL's fiscal Q2 earnings to be released after the market … [Read more...]
What’s the Story?
8:51 am EDT - April 25, 2012 By CC
Marketwatch The dollar edged down and Treasury prices remained under slight pressure on Wednesday after a report showed U.S. durable goods fell 4.2% in March, more than economists expected. The main … [Read more...]
MorningWord: 4/30/12
MorningWord: 4/30/12: Not a ton going on overnight aside from the strong showing by the Hang Seng up 1.7%, this close which matches the highest levels since mid March can largely be attributed to … [Read more...]