I’m getting some real deja vu here. Remember last Thursday, when Japan went up 3.8% and our futures jumped almost 100 points? No not yesterday, LAST Thursday. Yes, and that day ended up going down about 100 on the day, which...
Read MoreYesterday was a successful day for The Oxen Report. We only had one pick, but it sure was a delightful one. On the strong dollar and trade balance news, we thought an ETF on oil, Direxion Daily Bull Energy (ERX), would be a...
Read MoreToday’s tickers: XLK, EEM, XLP, WLP, DTV, AMAT & EEM XLK – SPDR Technology Select Sector ETF – A massive calendar roll was initiated on the Technology Select Sector exchange-traded fund today. Shares of the ETF, which...
Read MoreUS foreclosure filings will hit 3.9M in 2009, bringing the 3-year total to 10% of all US homes. How is this “good” for the economy? “It’s a stealth stimulus,” says Christopher Thornberg of Beacon...
Read MoreHey all. I apologize for missing yesterday. We are back on today. Tuesday was a semi-okay day. We continued our short sale of AMD, which we got stopped out on for a 3% loss at 6.65. The stock just has had too much upward...
Read MoreToday’s tickers: LULU, XLE, OIH, JPM, IOC, CYB, AMSC, MW, SVU & JTX LULU – Lululemon Athletica, Inc. – Investors are hoarding put options on athletic apparel maker, Lululemon Athletica, ahead of the firm’s...
Read MoreWe got our sell-off, now what? Despite generally failing our levels yesterday (see Fibozachi review), the Dow held 10,250 and the SOX were green so we wrangled ourselves back to neutral into the close. Over and over again my...
Read MoreToday’s tickers: VALE, ANF, ARIA, GCI, S, KR, SYY, AZO, TLB & RAI VALE – Vale S.A. – Option volume on iron-ore producer, Vale, exploded this afternoon after one investor exchanged 102,200 puts in the June 2010...
Read MoreYesterday, we had one successful trade and one that we decided to continue to hold through today because there was no point in selling for such a huge loss close to 3%. Our Buy Pick of the Day, for yesterday, was Ultrashort...
Read MoreOver 100 people were killed by car bombs in Baghdad at about 3:30 this morning. That got Europe off in a foul mood this morning and poor earnings guidance from MMM didn’t help, nor did poor Industrial Production numbers out of...
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