Here is a preview of what I will be discussing tonight on Options Action on CNBC at 5pm: Facebook has for the time being, re-written the book on how NOT to take your once well liked company public. … [Read more...]
Chart of the Day – EEM vs. SPY
12:57 pm EDT - August 31, 2012 By Enis
Today's chart should be taken with a grain of salt. I don't mean to present it here as evidence that we should be braced for an imminent fall. But similar to yesterday's chart, it is just one more … [Read more...]
What’s the Story
9:13 am EDT - August 31, 2012 By CC
Calculated Risk • At 9:45 AM ET, the Chicago Purchasing Managers Index for August will be released. The consensus is for a decrease to 53.0, down from 53.7 in July. • At 9:55 AM ET, the final … [Read more...]
Enis’s Macro Wrap – Start of Hectic 3 Weeks
7:36 am EDT - August 31, 2012 By Enis
Mr. Bernanke's Jackson Hole speech will be at 10am EDT today. It's the first of a series of big macro announcements over the next 3 weeks. FTAlphaville had a good calendar posted yesterday, … [Read more...]
New Trade COH – This Ain’t Your Ol’ Coach
3:16 pm EDT - August 30, 2012 By Enis
COH has quite a chart for the last year: The stock went from 50 to 80 and back to 50 over the last year. The puke shot on Jul 31st after earnings was quite a move, sending … [Read more...]
Chart of the Day – A Long-Term Stock Market Perspective
11:39 am EDT - August 30, 2012 By Enis
Today's chart steps back to take a much longer-term perspective on the current market. This chart best explains my continued bearish bias over the entire summer, and why I do believe the last 50 … [Read more...]
MorningWord 8/30/12: KO Is Not It
9:33 am EDT - August 30, 2012 By Dan
MorningWord 8/30/12: On more than a few occasions in the last 6 weeks we have highlighted the weak internals of the SPX's 12% rally since early June, often suggesting that few stocks have powered … [Read more...]
What’s the Story?
9:08 am EDT - August 30, 2012 By CC
Marketwatch Applications for U.S. jobless benefits were flat last week at a seasonally adjusted 374,000, the Labor Department said Thursday. Economists surveyed by MarketWatch had projected claims … [Read more...]
Enis’s Macro Wrap – Tight Ranges and Sleeping Bears
7:54 am EDT - August 30, 2012 By Enis
The S&P 500 index has traded in a tight range over the past 17 trading days (since August 7th), staying between 1394 and 1427 for the entire period. That is the tightest trading range for a 17 … [Read more...]
Trade Update GRPN: Taking off Ratio Put Spread for more than Double
12:58 pm EDT - August 29, 2012 By Enis
Trade Update, August 29th, 2012, 12:55 pm: ENIS: As I wrote on the August 14th update, I initiated the GRPN with the hope of making 0.25 to 0.30 in a good scenario, and losing 0.05 to 0.10 in a … [Read more...]
Anatomy of a Trade – DELL and INTC
12:05 pm EDT - August 29, 2012 By CC
We wanted to take the time to go over two trades, the DELL we just closed and the INTC that we continue to look at. In DELL, we put on the trade for a net debit of .09 and were presented with the … [Read more...]
VIX Futures Snapshot – Slight Shifts Week over Week
11:17 am EDT - August 29, 2012 By Enis
This is what the VIX Futures term structure looked like last Wednesday when I posted: Let's compare that to today: There are only a few small … [Read more...]
Trade Update – DELL: Closing Calendar for a Double
10:25 am EDT - August 29, 2012 By Dan
Trade Update Aug 29th: With DELL just under 11, I'm going to take this opportunity to sell this position out at 18c for a double. This trade will make more money of the stock can stay in this 11 … [Read more...]
MorningWord 8/29/12: Some May Be Damned If They Do, Others Damned If They Don’t
9:23 am EDT - August 29, 2012 By Dan
MorningWord 8/29/12: What have Chinese Central Bankers learned since the global financial crisis of 2008/2009 that their counterpart in West have not? I guess both learned a lot about the use of … [Read more...]
What’s the Story
9:22 am EDT - August 29, 2012 By CC
Reuters The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal … [Read more...]
MorningWord 8/31/12: The Air Out There
MorningWord 8/31/12: Jackson Hole will always hold a little place in my heart, it was the site of one of the first very truly speculative trades I ever made in a market and in a product I knew … [Read more...]