Trade Update May 15, 2013: JCP is up 8% so far this week as the stock rallies ahead of its earnings event tomorrow. My target for the upside was in the 19.50-20 area, which is where JCP started the … [Read more...]
Trade $JCP – Taking Profits Ahead of Earnings And At Technical Resistance
11:19 am EDT - May 15, 2013 By Enis
MorningWord 5/15/13: Investment World Rejoices In American Exceptionalism – $SPX
9:20 am EDT - May 15, 2013 By Dan
MorningWord 5/15/13: The SPX is in a raging bull market, up almost 23% from the November lows, and up 30% from the 52 week lows, this is undeniable. The largest peak to trough draw-down came last … [Read more...]
Too Many Options – $TSLA, $AAPL, $SODA
5:19 pm EDT - May 14, 2013 By Enis
SPX now up 8 of the last 9 days, and TSLA is the new golden boy of the options market. TSLA - Rapidly becoming one of the most active names in the single stock options market, rivaling AAPL in … [Read more...]
New Trade $FDX – Magic Number 100
1:55 pm EDT - May 14, 2013 By Enis
Fedex got off to a rapid start in 2013, zooming 20% higher in the first quarter, but it has since given up half of those gains, and is only up 10% on the year, underperforming the S&P 500. … [Read more...]
Trade Update $FXA – Closing Put for a Triple
1:20 pm EDT - May 14, 2013 By Enis
The Aussie Dollar is on its longest daily losing streak in 8 years, and it's fast approaching the important long-term support area around 0.98-0.9850, so I'm taking my profits here. My FXA June 99 … [Read more...]
$DE Fiscal Q2 Earnings Preview
12:49 pm EDT - May 14, 2013 By Dan
Event: DE reports their fiscal Q2 earnings tomorrow morning prior to the open. The options market is implying about a 3.75% move vs the 4 qtr average of a bit higher than 4%. Sentiment: Wall … [Read more...]
MorningWord 5/14/13: All Quiet On the Western Front, But Does China Have the Weight of The World On Its Shoulders? $FXI
8:56 am EDT - May 14, 2013 By Dan
MorningWord 5/14/13: In case you missed it yesterday, our very own Macro Editor, Enis Taner was a panelist on a new online show hosted by CNBC and Yahoo Finance called Talking Numbers, which will … [Read more...]
Macro Wrap – Health Care Leads
7:39 am EDT - May 14, 2013 By Enis
While there has been a rotation from defensives to cyclicals in the past month, health care is still the best performing sector in the U.S. market this year (up about 22% when measured by XLV). The … [Read more...]
Too Many Options – $TSLA, $SCTY, $SPWR
5:49 pm EDT - May 13, 2013 By Enis
Elon Musk-related names dominated options volumes today, as TSLA and SCTY both ripped higher on near record volumes, and options volumes were similarly elevated. TSLA - Call to put ratio was at … [Read more...]
Name That Trade $MCD – Golden Arches
3:12 pm EDT - May 13, 2013 By Enis
McDonald's has been on an incredible decade-long bull market run, knocking off fast food competitors left and right and making tens of billions of dollars for its shareholders in the process. Here … [Read more...]
$CSCO Fiscal Q3 Earnings Preview
2:52 pm EDT - May 13, 2013 By Dan
Event: CSCO reports their fiscal Q3 earnings Wednesday May 15th after the close. The options market is implying about a 4.6%* move vs the 4 qtr avg move of ~6.4% and the 8 qtr avg move of ~6.77%. … [Read more...]
Introducing CNBC and Yahoo Finance’s Talking Numbers with Enis Taner
11:41 am EDT - May 13, 2013 By CC
CNBC and Yahoo Finance are starting a new, joint online show that launches today, called Talking Numbers. Our very own Enis Taner is one of the 2 main panelists for the show. It's a fundamentals … [Read more...]
Chart of the Day – Earnings Preview – $TTWO At Big Long-Term Resistance
11:19 am EDT - May 13, 2013 By Enis
Take-Two reports earnings after the close today, though the real interest in the stock is from the release of the latest game in the Grand Theft Auto franchise, which analysts expect to provide a … [Read more...]
Trade Update $BBRY – Closing June/July Put Spread for Small Gain
10:18 am EDT - May 13, 2013 By Dan
Since buying the BBRY June/July 14 Put Spread last Monday, the market has witnessed some fairly crazy action in stocks with high short interest and with high concentration among the largest holders. … [Read more...]
MorningWord 5/13/13: $BBRY ‘s Shifting “Plans”
9:15 am EDT - May 13, 2013 By Dan
As a trader, one of the most frequent mistakes that I make on losing trades is not anticipating what the reason will be for a reversal in direction. Let's take BBRY for an example, I have not … [Read more...]
Macro Wrap – Seismic Shift in the U.S. Dollar
I mentioned in my wrap on Friday that the dollar was close to a long-term breakout. I'm writing about the dollar again because I think we are close to a seismic shift. After more than a decade of … [Read more...]