Everyone is down on the GDP all of a sudden. As I related Wednesday – the GDP, like the Beige Book report (which we expected to be poor) is made up of many factors like Trade Balance (same), Government Spending (up due to...
Read MoreToday’s tickers: RIG, AKAM, VPRT, FXI, GMCR, XLP & KR RIG – Transocean Ltd. – Two massive bullish transactions utilizing nearly 110,000 call options on the provider of offshore contract drilling services for oil and...
Read MoreForget the GDP. We’ll get the report on Q2 GDP at 8:30 but I’ll be watching the Employment Cost Index to see if we are recovering. I know it seems like “commie talk” to my Conservative friends, but rising wages and...
Read MoreToday’s tickers: RIMM, INTU, LVS, RRC, MHS, HSP & CHS RIMM – Research in Motion Limited – Optimistic options players populated the Blackberry maker’s August contract, selling puts and buying calls to prepare for the...
Read MoreGood Wednesday to all. You will have to pardon me taking a half day today because today is my birthday, and my friends took me out for breakfast. We’ll play a fun game in the comment box of guessing my age. The first right...
Read MoreOur last Beige Book was June 9th and we liked that one. My comment to Members at that time was: Wow, this is good stuff! Ben was not BS’ing – It’s a slow, tedious recovery but a recovery nonetheless! On the whole, a...
Read MoreToday’s tickers: MGM, SLV, CISG, GENZ, XRX, JNPR & DD MGM – MGM Resorts International – The operator of casino resorts attracted bullish options players this afternoon with the price of the underlying stock rallying...
Read MoreHey all. I will get to my introduction after the post. Today, I feel like every stock I look at is really toppy, so I am sticking with a short sale today and an Overnighter later on. Yesterday, we started our Buy Pick of the...
Read MoreWow, this market goes from zero to sixty in record time, doesn’t it? Our 1,113 mark (see yesterday’s post for charts) was tested and broken on the S&P yesterday (see David Fry’s chart) on a silly stick save into the close...
Read MoreToday’s tickers: VTR, BIDU, WAT, DHI, LCC, ODP, GAP & ISLN VTR – Ventas, Inc. – Shares of the REIT with a portfolio of seniors housing and healthcare properties in the U.S. and Canada rallied as much as 2.04% this...
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