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What a crazy day yesterday as the market sold off all morning and $SPY dropped under $141 for a bit. We did recoup some the rest of the day, but was still a big down day as the DOW dropped 250 pts. I rarely use the DOW to describe the overall market but 250 pts down sounds better then 1.39% for the SPY. I was saying it on audio yesterday… Read More
Another day, another 4 1/2 year high hit. Think this will be the story through september. Yesterday was a solid day with a last minute sell-off, which seems to be the action as of late. The Germany concerns about ratifying the ECB bond purchases became a non-issue and stocks are moving up this morning. I am probably going to be reducing positions heading into Thursday as I think the risk… Read More
You don’t have to be 60 years old to know the story of Mohammad Ali and the Rope-a-dope tactics he employed upon the great and unbeatable George Forman. Ali was able to absorb Foreman’s punches until he was fatigued, then fought back to win the match. Titled “The Rumble in the Jungle”, the fight will go down in history as one of the top sporting events.
So what does this… Read More
Yesterday was a setup day for the week ahead. CMG WYNN and LNKD we on the watch list yesterday. Lets see how they play out this week. LNKD faded after the opening pop. WYNN and CMG held strong.
Seems like the ANALysts use the watch list as part of their research as both CMG and WYNN were upgraded this morning.
Still like WYNN for earnings, but doesn’t mean bet… Read More
After a huge rally on friday, it is not surprising to wake up to red futures. Earnings seasons starts to kick into full gear this week, and should bring some excitement to some rather dull weeks.
Some interesting news this morning on a stock i have followed for years PRX with a buyout offer of $50. Have to find a post i made about that one, but always… Read More
June 22nd Option Market Recap – SPY, VIX, MA, FB, BBBY, FCX
How is it that the most hyped IPO in recent memory closed just in the green instead of up 50% on it’s first day? Was it from the constant upward pricing of the offering in the weeks prior to the IPO on the so-called pent up retail demand(THE SHEEP). Possibly, but maybe it because folks on the inside were getting a bit nervous about holding their shares longer then… Read More
When I was a kid, my grandmother always told me don’t talk to strangers. Fast forward 20 years, and I still hear her voice as I read countless opinions on LinkedIn (LNKD) and why it will go down from here. Not that I will ever talk to some of those people, and I am sure as heck not going to listen to them. The bearish sentiment by the retail… Read More
