Monday Morning Market Video - $GOOGL $FCX $GLD $SLV $USO $XLE $CAT $FB $FDX $MMM $TOL $COST
Monday Morning Reads – 12/8/14
A Weekend Chart…. or Two
As the weekend starts to wind down, its time to prepare for a new trading week. Where are we? Where are we going? and most importantly what am I going to trade this week.
Before I get into all of that later this evening. I present two charts. One long and one short. Or in option terms, one I am buying calls on and one I am buying puts on. Sometimes its really that simple.
$BIG Trade Idea Hits Paydirt Again
At the start of 2014, with $BIG Lots struggling to keep its head over $26, I said the stock was heading higher. Analysts were exceedingly bearish on the name and continued to downgrade the stock. Just like $WFM earlier this year at $36.
The stock soared from $26 over $51 a share after my bottom call. Not bad, not bad at all. More recently I said the rally in $BIG lots was done. Guess what? The stock plummeted over 16%.