I’d love to tell you that my bright-eyed and bushy-tailed 22 year old self had a sense how big this internet thing was going to be big upon my graduation from the University of Pennsylvania …
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MorningWord 9/22/16: The Decemberists
On CNBC’s Fast Money last night we had the pleasure of getting DoubleLine Capital’s Jeffrey Gundlach’s response to the Federal Reserve’s policy statement (or non-statement): On Friday, I detailed some of Gundlach’s recent commentary from …
Continue readingOracle (ORCL) Fiscal Q1 Preview
Event: Oracle (ORCL) reports fiscal 2017 Q1 results tonight after the close. The options market is implying about a 4% one day post earnings move in either direction tomorrow, which is basically in line with …
Continue readingXLK – Tech Yourself Before You Wreck Yourself
On Friday we detailed a defined risk short trade idea in the XLK, the S&P Technology Select etf, read here. And I talked about it but with a December expiration on Friday’s Options Action on CNBC: …
Continue readingMorningWord 8/31/16: Comp and Circumstance
In case you missed it, the Nasdaq Composite is at all time highs. And this time is very different. The index’s rise from about 1300 in late 1998 to just above 5000 in early 2000 …
Continue readingMorningWord 5/4/16: El Erian’s Trade Deadline
Interesting read from Mohamed El-Erian, the chief economic adviser to Allianz: FYI, thoughts on recent #markets developments and outlook, & the implications for #investment portfolios https://t.co/SGlbxTtXPB @FT #stocks — Mohamed A. El-Erian (@elerianm) May 4, 2016 Usually …
Continue readingMorningWord 4/21/16: Game’s the same, just got more fierce
Just as I was starting in this business in early 1997, not knowing shit about shit, I heard rumblings from some of the traders about some whacky stuff going on in Asian currency markets that …
Continue readingBig Printin’ $GLD, $HYG, $XBI, $XLF, $XLI
To say that market participants are nervous at the moment is a bit of an understatement. Most investors probably can’t even remember the last time the S&P 500 (SPX) was down 9% and the Nasdaq …
Continue reading$GOOGL Q4 Earnings Preview
Event: Google (GOOGL) reports Q4 results tonight after the close. The options market is implying about 6.5% one day move vs the 4 qtr average one day move of 7.4% and the 10 year average …
Continue readingMSFT Surface Friction
Event: Microsoft (MSFT) reports fiscal Q2 results tonight after the close. The options market is implying about a 5.75% one day move, which is essentially in line with its 4 qtr average one day move of …
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