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Showing Posts 61 - 70 out of 102 found.

Is It Time To Buy The Pullback In Walgreens?

Is It Time To Buy The Pullback In Walgreens?

Unusual Options Activity On August 12th, someone closed 17,500 WBA Jan 2016 $75 calls ($17.93 credit) and rolled out to 17,500 Jan 2016 $95 calls ($4.85 debit). He/she also bought back 16,000 Jan 2016 $65 puts for $0.20. Call activity was 6 times the average daily volume. The hedge fund or institutional trade took profits, but still sees upside above $100 over the next five months (breakeven...

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Trend Following 101

Trend Following 101

My clients often utter such concise expressions of trading insight that I rush to write them down. I was working with one newbie trader today who is just learning to trade the S&P e-mini futures. When he began using a simple mean reversion system he based it on one indicator (a moving average) and he had some impressive Beginner’s Luck, growing his account about 600% in 4 months. When he...

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Will China Move Delay Fed Rate Hike?

Will China Move Delay Fed Rate Hike?

On Tuesday, China devalued the yuan by 1.9%, roiling global markets.  China had been pegging tightly to the dollar in order to boost the prospect of unseating the US dollar as a reserve currency.   China has also supposedly been trying to transition away from being primarily an export economy, putting more emphasis on domestic consumption, especially for services.   However, the combination...

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Gold: Finally Some Safe Haven Buying

Gold: Finally Some Safe Haven Buying

It seems that gold may have put in a near term bottom as it was able to hold the 10.80 level basis December futures last week. Added support for Gold comes on prospects for a boost in Chinese stimulus and from the definitive rise in global uncertainty following this week’s Chinese massive currency devaluation. Consequently the continued sell-off in global equity markets has helped hold Gold...

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Big Hotel Stocks: Starwood Is Not Hot

Big Hotel Stocks: Starwood Is Not Hot

“Ask Kase” and your question may be chosen as the subject of a future column (askkase@kaseco.com). The big hotel chains recovered from the financial crisis well and until recent months showed steady gains. Diversification, appealing to differing guests, as well as shifting property ownership to partners helped heat the sector. But now, it looks like supply is catching up with demand, and now...

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Big News: The A-B-C’s Of GOOGL

Big News: The A-B-C’s Of GOOGL

The big news in Google is the announcement of Alphabet but these are the A-B-C’s of GOOGL stock. Nearby support is at 657.66 – 666.67 and while above this zone the bias will remain bullish. (Zone A) Any move below 651.55 would open the door for a move back to test the prior resistance, now support, zone at 580.92 – 596.55. (Zone B) While a long ways down now, only a month or so ago GOOGL was...

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China's Devaluation: What It Means For US Stocks

China's Devaluation: What It Means For US Stocks

In the early hours of Tuesday China devaluated the yuan, and sent the European and US markets into a nosedive. In the early hours of Wednesday morning they did it again. We’re still waiting to see what the effect on our market will be, but nobody is expecting it to be good. The guesses are “bad” and “more bad.” The Tuesday devaluation, and Wednesday morning’s follow-up, were both relatively...

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Trading Success: Here's What You Need To Know

Trading Success: Here's What You Need To Know

  My trading reaches back over the last fifteen years of market action and I've been a psychologist longer than that.  Here are a few things I've learned about trading, the mental game, and one of the more important technical skills necessary for trading success. It’s Difficult to Harness Trading Success Many would-be traders excel in other professions but find trading daunting. Why is...

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US Stocks: Key Trading Levels For Today

US Stocks: Key Trading Levels For Today

This is almost too easy for them. A few off-hand comments from the Fed, a quickly-debunked oil rumor, some bad economic data (remember bad news is good news) a little slump in the US dollar, and poof… the market rockets up and recovers all of the losses of the past week. Dump, pump, and dump again. Rinse and repeat. The SP500 mini futures (ES) closed at 2099.75 yesterday, just one tick below...

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Stock Watch: Tesla Looking Lower

Stock Watch: Tesla Looking Lower

Tesla (TSLA) is a company and a stock investors either love or hate. I happen to love the company and the car, but I try to be objective about the stock. Unfortunately for the bulls, it appears that the Tesla bears may soon have something to celebrate.   Shares opened the year around $222 and a relentless short-squeeze pushed prices to $286 last month, within $5 of an all-time high. After...

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