|Day Low/High||76.15 / 77.96|
|52 Wk Low/High||60.05 / 83.11|
* I am giving the market a wider than usual berth to rally before I reshort "When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance." - Chuck Prince (2007) I am qu...
For those that are keeping score, I am very liquid today... Longs: , , , , , , , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...
As we finally see some decent pullbacks, here is a strategy to look at trade setups despite the market vulnerability.
* With a less favorable reward vs. risk ratio, banks are less attractive over the near term I continue to increase my effective cash position and to reduce my gross exposure in this uncertain and elevated equity market. I have been adding to my shor...
These 5 points will determine whether a high-multiple stock is going to advance, decline -- or just coast.
There are attractive opportunities in 2020 among lesser-known regional banks.
It quickly becomes apparent that across the board, this firm is executing at a high level.
I have been among the most wary of China and its ability to change. I remain that way. But the U.S. got more than I ever thought.
Yesterday I shorted JP Morgan (at an average price of about $139.65) to hedge out a portion of my , and investments - which could be subject to a price correction in the weeks ahead. Yesterday and today I pared down C and BAC as they approach within...
Like Citigroup , Bank of America is trading within 10% of my year end 2020 price target - accordingly I reduced further, on pre-market strength, (but I am still medium-sized where I plan to stay) this name. Q4 results for BAC were better than expect...
What appeared as a day ready to take gains higher was knocked off balance by old news.
Another win for da Bulls as the market bent but didn't break after the four-month-long advance: * Market breadth was +200 (at 3:30 p.m.) -- again not bad, all things being considered. * Oil was flat and gold -$4. * Bond yields dropped by 2-3 basis p...
This is one of those days when there's so much good news that it's overwhelming, and we see moves that we didn't think were possible.
Here's why I shorted a few on JPM and my take on the eye-popping earnings.
I have added to my short hedge (at over $140/share) and I have reduce (modestly) my long (still at medium-sized where I will likely stay ) at $82.40 (given my year end price target of $87.50-$90.00).
Earnings reports could provide a "sell the news" excuse for a pullback, but a powerful wave of Fed-created liquidity is crushing skeptics for now.
Monday brought more record highs for the broader equity indices. As a trader, the feeling is so eerie. I'm not kidding.
As I mentioned in my post, I expect some profit taking in the banks stocks - even in light of slightly better than expected fourth quarter reports. Upon review of its earnings report, I have taken a small trading short in JP Morgan at $139.20 (in pr...
--I approach this group with some near-term caution after outsized gains (of between +40% and +50%) in 2019 --Small earnings beats might be met with modest profit taking --Citigroup and my other money center bank holdings are now within 10% of my ye...
There are multiple reasons to be wary of the market at these levels, and to be concerned about potential of rising inflation.
You are hearing talk of an 'earnings recession'. Just talk, my friends. Our marketplace has already been mired in an earnings recession for quite some time.
Stocks are set to gap up at the open this morning, but the big question is whether the news flow will be used as an excuse for some further profit taking.
It is highly unlikely that the indices are going to roll over and go straight down from here.
* These days the "Watusi girl is really smart" * The Wah Watusi was the all the rage but similar to other dance crazes (The Macarena or Locomotion) it didn't have legs and it's popularity faded abruptly "When the music stops, in terms of liquidity, ...
This company made headlines in 2019, and I'm betting on it as a great play -- in many senses of the word -- for this new year.
What we have learned is that the holiday season outweighed the last weekly options expiration event of the decade for most investors/trader types. More of the same this week?