Trade Update – Taking a small loss in $XRT

TradesAndUpdates

XRT was a trade where we had the direction right but not the timing or trade structure. We initiated the trade when we felt the ETF showed signs of waning momentum targeting a pullback to the 95 area. … [Read more...]

New Trade – Barb a $QQQ

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Of all the craziness of the last week the moves in the large cap Nasdaq stocks have been some of the most breathtaking considering the market cap changes involved. AAPL is currently around 113 after … [Read more...]

Name That Trade – Lux on, $LXFT

NameThatTrade

Dan discussed Luxoft back in a MorningWord post in March: Last night on CNBC’s Fast Money we had the CEO, Dmitry Loschinin, of Swiss software company, Luxoft (LXFT) on the program.  To be 100% honest … [Read more...]

Name That Trade – $NKE Outlet

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Unlike most stocks with significant Chinese exposure, NKE has held up remarkably well in this but of volatility. NKE saw significant selling on Monday morning but is back to 105, almost directly … [Read more...]

Name That Trade – $S, Marathon or Sprint

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Sprint has long been the red-headed step child of the telecom industry in the U.S.  The company has been ridiculed and ignored as a bit player among the major cell phone service providers.  In fact, … [Read more...]