Currency War – Fed Action

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The market made a solid move higher, even with the majority of earnings reports exhibiting top-line revenue contractions and domestic concerns moving forward. However, strength remains in the emerging markets as they continue to drive what revenue growth there is. The treasury market continues to remain unattractive, thus forcing any investment consideration into equities, regardless Read more…

Economic Data Sandwich

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Sorry for being out of action last week as I had attended the Options Industry Conference in Las Vegas. It was a terrific event and, surprisingly, I did NOT even make it to “The Strip”. However, the event could not escape embarrassing irony. It was the year that the CBOE hosted the event and also Read more…

NETFLIX EARNINGS

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The market remains in the support holding pattern from yesterday, but it did show some strength going into the close. Earnings are starting to set the tone for the 2nd quarter and the repeated theme is a weak and stagnant domestic environment and reliance on the emerging markets, which are still growing, but at a Read more…

Gaming Economic Data

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As the nation’s economy continues to face difficulties, rather than FIX problems (as painful as that maybe) we continue to see the government “game” the economic data to make it SEEM better than it really is. Pretty much, just gaming the economic data. The headline was to get your attention, I hope it did. This Read more…

Earnings: CAT & HAL (Currency War)

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After last week’s sell-off, has the market hit a support level? From a technical aspect it looks like a decent level to start buying; however, I would caution on trying to pick a bottom and would suggest using options (spreads, married puts, ratios, etc) as a way to take a long position but limit downside Read more…

Earnings: MCD, GE and Rumors at PEP/MDLZ

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The market fell a little further yesterday, with some of the indices breaking below supports; however, the INDU and, more importantly, the RUT held above those support areas. Could we be putting in a bottom after the recent sell-off? I am not sure, but Gold seems to have found a support level and is moving Read more…

Earnings PEP, AXP, EBAY

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It seems that the Tuesday’s trading session was nothing more than a dead cat bounce. Yesterday the market gave back almost all the gains from Tuesday’s bounce. The market remains in a jittery state, the VIX is back up in the 16-17 range and even the volatility in the VIX is very high. The recent Read more…

What caused the Gold sell off?

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The market sell-off yesterday was at first driven by a huge sell position in gold, which then pulled down all commodities in the pre-market. China’s GDP release missed estimates and also contributed pressure to the pre-markets. The sell-off in all asset classes started feeding on itself and in a leveraged market we started seeing margin Read more…

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