2nd Trade Update July 31st, 2012 at 1pm: Prior to tomorrow's opening, HOG will report Q2 earnings, the options market is implying about a 7.4% move vs the 4qtr avg move of about 6.4%. Since first … [Read more...]
Trade Update w/ New Trade HOG: Still Expecting to Smell Sizzling Bacon Tomo Morning Following Q2 Earnings
1:01 pm EDT - July 31, 2012 By Dan
Chart of the Day – Who’s Right about Growth
12:10 pm EDT - July 31, 2012 By Enis
Stocks have taken their own path on the most recent rally in anticipation of central bank easing. Other assets are not behaving like they did before and after previous rounds of central bank easing … [Read more...]
MorningWord 7/31/12: SPX at 1385, Breadth Still Stinks
9:19 am EDT - July 31, 2012 By Dan
MorningWord 7/31/12: As we turn the page on July, and as we start to look downhill on what has already been an interesting 2012, I think it is important to recognize a pattern that has almost become … [Read more...]
What’s the Story?
8:37 am EDT - July 31, 2012 By CC
Marketwatch Consumer spending in the U.S. fell slightly in June and marked the second straight decline even though wages rose sharply, according to the latest government data. Spending fell less than … [Read more...]
Chart of the Day – High Beta Underperforming Low Beta
2:31 pm EDT - July 30, 2012 By Enis
While index prices have marched significantly higher, this is not the type of market where a rising tide lifts all boats. Many boats are being left behind, evidenced by new highs vs. new lows (a … [Read more...]
New Trade FXI – Hang Seng, Dude
12:46 pm EDT - July 30, 2012 By Enis
The Shanghai composite closed at a 3 year low last night. At the lowest level since March 2009. Multinational after multinational pointed out the weakness in Asia, and Chinese investors seem to … [Read more...]
Trade Update AAPL: Managing Aug 1×2 Put Spread for a Small Gain
11:14 am EDT - July 30, 2012 By Dan
Trade Update July 29th, 2012 at 11:07am: Now that AAPL has all but filled in the earnings gap from last week, and regained it's "most favored stock status" I am going to close one of the Aug 520 … [Read more...]
What’s the Story?
8:46 am EDT - July 30, 2012 By CC
Marketwatch U.S. stock-index futures traded mostly lower Monday, with little fresh economic data in the immediate pipeline as investors await potential action by the European Central Bank and … [Read more...]
MorningWord 7/30/12: Let The Inaugural 2012 #Twitter Games Begin
8:25 am EDT - July 30, 2012 By Dan
MorningWord 7/30/12: Not sure if I used that hashtag thingy right in the title, still trying to figure that whole thing out, but while many of us were busy watching the really delayed, "Live" … [Read more...]
Enis’s Macro Wrap – Busy Week Ahead
7:42 am EDT - July 30, 2012 By Enis
Overnight price action was relatively subdued after the fireworks on Thursday and Friday sent markets shooting higher: SPX futures traded in an overnight range of 5 points on low volume, trading … [Read more...]
Trading Diary July 23rd – July 27th
5:48 pm EDT - July 29, 2012 By Dan
Here is a quick recap of all of the trades that we initiated, closed or expired in the week that was July 23rd to July 27th: … [Read more...]
New Trade GMCR – This is a VERY SMALL, SPECULATIVE TRADE
2:52 pm EDT - July 27, 2012 By Enis
Here's a preview of what I'll be discussing tonight on Options Action at 5:00 pm EDT on CNBC: Let me first say that the trade idea I'm proposing today is a very low conviction trade, but it's an … [Read more...]
Chart of the Day – The Garbage Indicator
12:57 pm EDT - July 27, 2012 By Enis
We've been beating a dead horse on the theme of slowing growth for some time now. I've even brought up the word Recession a few times. There are many reasons for our thoughts that growth fears … [Read more...]
What’s the Story?
8:50 am EDT - July 27, 2012 By CC
Business Insider The U.S. economy expanded by 1.5 percent during the second quarter, topping expecations for a 1.4 percent gain. Revisions were also not as painful as many economists had expected, … [Read more...]
Enis’s Macro Wrap – Still Waiting
SPY closed basically unchanged yesterday, and this morning indicates another open near unchanged after another quiet overnight session as everyone waits for the all-important central bank releases on … [Read more...]