Back on track! In last week’s $109,729 Portfolio Update, from July 8th, we made a very well-timed bottom call and removed our protectiveFAZ puts, added some stock and took out some callers and the nextmorning was a perfect...
Read MoreToday’s tickers: LXK, EEM, MT, VIX, HUM, IPI, MIR & UNH LXK – The world’s fifth-largest printer and toner seller announced that printers with internet connectivity and programmable software will be available in September....
Read MoreI WAS really excited about yesterday’s rally. Meredith Whitney gave us the catalyst for the bear squeeze we expected But THEN I saw Cramer last night. Nothing scares me more than watchingCramer’sbandwagon do a 180 degree turn...
Read MoreToday’s tickers: EFA, HAL, VIAB, IR, EXPD, GE, CCL, V, & XRX EFA – The exchange-traded fund representing stocks from Europe, Australasia, and the Far East attracted more than passing glances by bullish option traders today....
Read MoreThere it is! The Nikkei gave up another 2.5% overnight and is now down 1,000 points for the month of July, retracing 1/3 of the gains since March 10th, at 7,000. The Hang Seng also fell 2.5% (this is why we have rules!) but...
Read MoreI’m digging for green shoots but you have to sift through a lot of manure to find them this week! A few weeks ago I complained that the MSM was irrationally exuberant and I couldn’t find any negative articles (outside of PSW, of...
Read MoreWe had a pretty good week with our new portfolio. The goal of the $5,000 portfolio is to play around the volatility of earnings and make no mistake, it’s a high-risk way to trade $5,000 and is meant to be a small portion of a...
Read MoreToday’s tickers: VMED, FSLR, BDK, SNDK VMED – Option trades in play on Virgin today reflect near-term bullish and long-term bearish sentiment by investors amid a more than 3% decline in shares to $9.52. The provider of...
Read MoreTGIF for sure, it seems like ending the week is the only way to stop the markets from dropping! We failed to take back our weak bounce levels I laid out in yesterday’s morning post as the Dow failed to hold 8,250 on a very brief...
Read MoreCourtesy of John Lounsbury: The current official unemployment figure (9.5% for June) should be replaced (or at least supplemented) by a better measurement of actual unemployment. Unemployment should be measured in terms of hours...
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