Wednesday, July 31, 2013
WFT?
Thanks to some WFT calls, my SBA got killed and in spite of better than expected EPS, my AMGN calls plunged, so employee morale is getting pretty low here at ForexDiva in a just about to throw in the financial towel sort of way.
I've been waiting for my VIX plays to work out for a few months now, but was disappointed to learn that I could be in this for longer than anticipated. According to the Handbook of Finance, Financial Markets and Instruments, the VIX is negatively correlated to 10-Year US Treasury Yields. So if yields continue going up, the VIX will continue to decline. How long this will continue is anyone's guess, but until the Big Guys get into the VIX, my portfolio will continue to get squeezed.
I'm not going to get into any more new positions for now as I'm waiting for my SD calls, SDR calls, XOM puts, and SPG puts to start doing something productive for my bottom line.
Shockingly, I received an email last night indicating that some real estate markets are already back near their 2008 peaks. This can't be for real - just as Robert Shiller is beginning to suggest that some markets appear "bubbly"?
-4.36% SBA
-1.34% Roth IRA
-0.14% DJIA
+0.27% Nasdaq
-0.01% S&P
+0.76% FTSE
+0.16% Eurofirst
-1.45% Nikkei
+0.19% Shanghai
-0.01% SENSEX
-0.32% Hang Seng
+2.03% WTI
+0.84% Brent
-0.04% Gold
+2.53% Copper
+0.71% Corn
-0.49% EUR/GBP
+0.62% DJT
+0.45% VIX
-0.38% 10-Year US Treasury Notes
51% Advancing Issues on NYSE | 44% Up Volume
46% Declining Issues on NYSE | 54% Down Volume
3% Unchanged | 2% Unchanged
52% Advancing Issues on Nasdaq | 52% Up Volume
44% Declining Issues on Nasdaq | 47% Down Volume
4% Unchanged | 1% Unchanged
Major Headlines Today:
GDP Rises 1.7%
Soros Takes Large Stake in Herbalife
CIT Clamps Down On Credit To Small JCP Vendors
People Keep Saying Mortgages In The 1980s Were Over 10%...
Housing prices were also at least half of what they are today, so doesn't it work out to be about the same?
MarketWatch: Fed slightly downgrades outlook, Mum on timing of taper...
2:00p Fed keeps stimulus at $85 billion-a-month pace
2:00p Fed says economy growing at "modest" pace
2:00p Fed notes recent rise in mortgage rates
2:00p Fed says persistent low inflation a risk
Tuesday, July 30, 2013
Big Guys Don't SPY...
Bring your dark-framed glasses... All eyes will be on The Big Guy tomorrow since he'll be centre stage during FOMC...
In the meantime, I'm waiting for AMGN to blast off since it reported better than expected EPS and even increased guidance. So far, there's very little action and we even went red by a tiny bit...
If I figure out the right options trading strategy, I might just trade earnings announcements from now on!
-2.30% SBA
-1.10% Roth IRA
-0.01% DJIA
+0.48% Nasdaq
+0.04% S&P
+0.16% FTSE
+0.01% Eurofirst
+1.53% Nikkei
+0.70% Shanghai
-1.25% SENSEX
+0.48% Hang Seng
-1.41% WTI
-0.55% Brent
-0.23% Gold
-2.13% Copper
+1.38% Corn
-0.63% GBP/USD
-0.63% EUR/GBP
+0.32% DJT
00.00% VIX
+0.70% 10-Year US Treasury Notes
47% Advancing Issues on NYSE | 45% Up Volume
49% Declining Issues on NYSE | 51% Down Volume
4% Unchanged | 4% Unchanged
50% Advancing Issues on Nasdaq | 67% Up Volume
46% Declining Issues on Nasdaq | 32% Down Volume
4% Unchanged | 1% Unchanged
Into AMGN Aug 17 '13 $120 Calls @ $0.43...
Earnings announcement after school...
Both topline and bottom line grew last quarter and analysts are expecting a slight YOY decline in EPS this time around.
I saw a bunch of volume from the $110 to $120 strike calls as well as put selling.
Lots of institutional ownership, so if earnings beat, the big guys will hopefully be pushing prices higher...
Monday, July 29, 2013
The Fabulous Fab Is Back (In Court)...
... and the market is still humming along in anticipation of some racy language from Bernanke on Wednesday. Is he going to give it to us? We'll find out soon enough...
From my most recent plays, L missed and SPG beat. I stayed 'put' for now.
What surprises me most is that people still seem to be willing to sell puts even at these less-than-one-percent levels. Is this the final straw that will get all the put sellers in and then VIX them once and for all?
-0.30% SBA
+1.23% Roth IRA
-0.24% DJIA
-0.39% Nasdaq
-0.37% S&P
+0.08% FTSE
+0.07% Eurofirst
-3.32% Nikkei
-1.72% Shanghai
-0.78% SENSEX
-0.54% Hang Seng
-0.24% WTI
+0.34% Brent
+0.52% Gold
+0.03% Copper
-0.56% Corn
-0.39% USD/JPY
-0.46% EUR/JPY
-1.10% DJT
+5.19% VIX
+0.94% 10-Year US Treasury Notes
29% Advancing Issues on NYSE | 35% Up Volume
69% Declining Issues on NYSE | 63% Down Volume
2% Unchanged | 2% Unchanged
31% Advancing Issues on Nasdaq | 39% Up Volume
66% Declining Issues on Nasdaq | 60% Down Volume
3% Unchanged | 1% Unchanged
Major Headlines Today:
Hudson's Bay To Acquire SKS...
Publicis And Omnicom To Merge, Creating World's Biggest Advertising Company...
Alwaleed warns of US shale danger to Saudi...
Nouriel Roubini sees gold falling toward $1,000 by 2015...
Bernanke Ordered To Testify In AIG Lawsuit...
SAC's Cohen Throws A Party Despite Indictment...
Into XOM Aug 17 '13 $90 Puts @ $0.37...
Earnings announcement on 1 August 2013...
Analysts expecting slight EPS growth, but in the previous quarter, topline declined by -13% and YOY Quarterly Earnings Growth was nearly flat...
Friday, July 26, 2013
I'm Lusting For Profits...
I seriously thought today would be the day that my puts would start giving me some major financial love!
+0.04% SBA
-0.41% Roth IRA
+0.02% DJIA
+0.22% Nasdaq
+0.08% S&P
-0.50% FTSE
-0.32% Eurofirst
-2.97% Nikkei
-0.51% Shanghai
+0.31% Hang Seng
-0.76% WTI
-0.45% Brent
-0.32% Gold
-2.51% Copper
-1.01% Corn
-1.09% USD/JPY
-1.08% EUR/JPY
+0.53% DJT
-1.93% VIX
-1.76% 10-Year US Treasury Notes
45% Advancing Issues on NYSE | 48% Up Volume
51% Declining Issues on NYSE | 51% Down Volume
2% Unchanged | 1% Unchanged
36% Advancing Issues on Nasdaq | 40% Up Volume
59% Declining Issues on Nasdaq | 58% Down Volume
4% Unchanged | 2% Unchanged
Into More TVIX @ $1.86... Average Price = $2.8527...
Saw big blocks of bidding and right about now, these could be a better play than buying puts...
Have reached my maximum position limit on VIX ETFs, so will not be buying any more from now on!
Out of BAC Jan 18 '14 $18 Calls @ $0.16...
Not much of a gain, but don't want to become bait in case financials sink with the imminent decline of the SPY...
Bwahahaha...
Into L Aug 17 '13 $45 Puts @ $0.60...
Earnings announcement on 29 July 2013...
Analysts are anticipating a huge EPS increase with expectations of $0.79 per share compared to $0.14 a year ago.
In the most recent quarter, we had both topline and bottom line depreciation with YOY Quarterly Earnings Growth declining -34%.
Many insiders sold in May.
Implied Volatility on the issue is not high at 16.85% right before earnings... Volatility should spike on Monday and if it spikes in my direction, the risk:reward could be well worth it...
P.S. 50 SMA sitting at $45.06
P.P.S. Not much open interest on this...
Dinged By ZNGA, But the Roth IRA Is Green??
Not that I'm complaining, but you would think I was cooking the books. Thankfully, my SPG puts are starting to work out now.
Can't even get out of these ZNGA calls as there are no bids...
Will look for more 3 figure stocks to buy more puts!
Thursday, July 25, 2013
Coming To A Theatre Near You: I Dream Of Bernanke...
As the US vs. Capitalism / SAC drama drags on, the market more or less shrugged off weaker than expected Unemployment Claims. Let's face it: the US is going the way of socialism with Obama as its figurehead. But I digress.
Next week is going to be another big week with FOMC on Wednesday and Non-Farm Pay Day on Friday...
Adding to my reputation as The Economiss, ZNGA failed to move the needle in Extended Hours Trading, flopping over 13% so far.
-2.98% SBA
-0.12% Roth IRA
+0.09% DJIA
+0.72% Nasdaq
+0.26% S&P
-0.49% FTSE
-0.45% Eurofirst
-1.14% Nikkei
-0.60% Shanghai
-1.42% SENSEX
-0.31% Hang Seng
+0.22% WTI
+0.52% Brent
+0.48% Gold
+0.05% Copper
-2.61% Corn
+0.64% GBP/USD
+0.50% EUR/USD
-1.07% USD/JPY
-0.43% EUR/JPY
-0.05% DJT
-1.59% VIX
+0.73% 10-Year US Treasury Notes
56% Advancing Issues on NYSE | 58% Up Volume
41% Declining Issues on NYSE | 40% Down Volume
3% Unchanged | 2% Unchanged
63% Advancing Issues on Nasdaq | 70% Up Volume
32% Declining Issues on Nasdaq | 29% Down Volume
5% Unchanged | 1% Unchanged
Out of APO Aug 17 '13 $25 Puts @ $0.52...
$0.13 per share loss, or 20% haircut...
It seems out of the existing open interest, there were no put sellers - or they're waiting for more profits to jump out - so I blinked first...
Into ZNGA Aug 02 '13 $4 Calls @ $0.14...
I was reluctant to do this as there was Insider Selling on this issue as well, but in case they're able to move the needle too, this could get fun...
Into FB Aug 09 '13 $32 Puts @ $0.41...
Apparently even Sheryl Sandberg sold in droves right before their earnings announcement, so the +27% move so far may be met with resistance...
If you sell some calls further out, you can just about get back to their IPO pricing, so this play will give me some upside in case people begin to start selling calls, which would presumably drive pricing down...
Haven't bet the farm though!
Wednesday, July 24, 2013
Run, Don't Walk!
Black summer truffles from Sabatino Tartufi are on sale at FreshDirect for only $19.99 for one full ounce (works out to be about $319.84 a pound)! I was kind of shocked at the pricing since they're still (over)charging us at $5.99 for a pineapple.
$19.99 for truffles seems quite reasonable, but the previous time I bought truffles from FreshDirect, I found that the flavour was definitely not as pronounced as those I've had in Europe. Then again, all of the food in Europe seems to taste better.
On the trading front, I added some puts to my portfolio today. After finishing Dr J's book, I understand the dynamics driving the options market a lot better now. So, I put a little bit of capital to work in hopes these positions will kick up the repatriation process for me.
China unveiled measures to boost its economy whilst the DJT put in a second consecutive day in the red amidst a spiking VIX...
-2.01% SBA
-1.73% Roth IRA
-0.16% DJIA
+0.01% Nasdaq
-0.38% S&P
+0.35% FTSE
+0.62% Eurofirst
-0.32% Nikkei
-0.52% Shanghai
-1.04% SENSEX
+0.24% Hang Seng
-1.85% WTI
-1.31% Brent
-1.24% Gold
-0.38% Copper
-2.78% Corn
+0.87% USD/JPY
+0.73% EUR/JPY
-1.12% DJT
+4.58% VIX
+2.86% 10-Year US Treasury Notes
23% Advancing Issues on NYSE | 28% Up Volume
74% Declining Issues on NYSE | 70% Down Volume
3% Unchanged | 2% Unchanged
38% Advancing Issues on Nasdaq | 42% Up Volume
57% Declining Issues on Nasdaq | 53% Down Volume
5% Unchanged | 5% Unchanged
Into WFT Aug 17 '13 $13 Puts @ $0.23...
Earnings announcement on 30 July 2013...
Analysts are expecting positive EPS...
Previous quarter saw 82.10% yoy earnings decline and the past 60 days have been met with tonnes of insider selling...
Into SPG Aug 17 '13 $155 Puts @ $0.78...
Earnings announcement on 29 July 2013...
Analysts are expecting a slight increase in earnings from one year ago, but the most recent quarter saw a 56% yoy decline in earnings...
Some insiders are selling as well with planned sales outnumbering planned purchases...
Into APO Aug 17 '13 $25 Puts @ $0.65...
Earnings announcement on 8 August 2013...
Analysts are expecting a nine-fold increase in earnings from one year ago...
Stock trading off its 52WH...
Tonnes of open interest and a few days ago, there was a spike in open interest on this issue.
P.S. Insiders are selling in droves!
Tuesday, July 23, 2013
Mirror, Mirror On the Wall... Who Has The Worst Portfolio Of Them All?
I don't even know how I did it, but as the SPY continues to step higher, my portfolios continue to knife lower.
I'm sitting on my hands to prevent myself from doubling down at these all time highs, but right now, I'm feeling the lame duck effect.
Wish someone had some good Dodd Frank jokes since I'm not the one laughing all the way to the bank...
Turn the tides, Market Makers... Turn the tides!
Perhaps the wind may yet begin to blow towards my direction now that DJT secretly knifed down and the VIX has started moving back up...
Will it be soon or will my portfolio continue to swoon?
-2.44% SBA
-1.48% Roth IRA
+0.14% DJIA
-0.59% Nasdaq
-0.19% S&P
-0.39% FTSE
-0.29% Eurofirst
+0.82% Nikkei
+1.95% Shanghai
+0.71% SENSEX
+2.33% Hang Seng
+0.18% WTI
+0.28% Brent
+0.44% Gold
+0.83% Copper
-3.37% Corn
-0.95% DJT
+2.85% VIX
+1.13% 10-Year US Treasury
55% Advancing Issues on NYSE | 56% Up Volume
42% Declining Issues on NYSE | 42% Down Volume
3% Unchanged | 2% Unchanged
44% Advancing Issues on Nasdaq | 37% Up Volume
51% Declining Issues on Nasdaq | 60% Down Volume
5% Unchanged | 3% Unchanged
Monday, July 22, 2013
NYC Is Getting Stranger By The Day...
Over the weekend, I heard the captain on a firetruck yell out to pedestrians: "Get the Dell out of the way" on his bullhorn. New York City's Bravest have no time for manners!
Someone also boasted that she was about to buy a Louis Vuitton handbag and that Hermes and Chanel are third and fourth tier brands compared to Louis Vuitton. Seriously? As an avid Hermes collector, I held my tongue and didn't bother to set the record straight that Louis Vuitton is a tenth tier brand compared to Hermes and Chanel, but boy did it get under my skin.
It really got me wondering rather insecurely: Did 9FM think that I got him a tie from a fourth tier brand? Would he have preferred Louis Vuitton to the limited edition Hermes tie I selected? I doubt he would have such bad taste.
I haven't had my Hermes fix this year, but I'm as addicted as ever!
If only my portfolios would behave:
-0.52% SBA
-0.83% Roth IRA
+0.01% DJIA
+0.36% Nasdaq
+0.20% S&P
-0.11% FTSE
+0.14% Eurofirst
+0.47% Nikkei
+0.61% Shanghai
+0.05% SENSEX
+0.25% Hang Seng
-1.24% WTI
+0.05% Brent
+3.01% Gold
+1.16% Copper
-0.55% Corn
-1.10% USD/JPY
-0.85% EUR/JPY
-0.12% 10-Year US Treasury Notes
59% Advancing Issues on NYSE | 63% Up Volume
38% Declining Issues on NYSE | 35% Down Volume
3% Unchanged | 2% Unchanged
57% Advancing Issues on Nasdaq | 63% Up Volume
38% Declining Issues on Nasdaq | 36% Down Volume
5% Unchanged | 1% Unchanged
Friday, July 19, 2013
No Meltdown... Yet!
It seems I'm not the only one who likes to SPY...
-1.32% SBA
-0.64% Roth IRA
-0.03% DJIA
-0.66% Nasdaq
+0.16% S&P
-0.06% FTSE
-0.01% Eurofirst
-1.48% Nikkei
-1.52% Shanghai
+0.11% SENSEX
+0.08% Hang Seng
+0.37% WTI
-0.25% Brent
+0.47% Gold
+0.11% Copper
+0.28% Corn
+0.11% DJT
-8.93% VIX
-1.70% 10-Year US Treasury Notes
51% Advancing Issues on NYSE | 52% Up Volume
46% Declining Issues on NYSE | 46% Down Volume
3% Unchanged | 2% Unchanged
45% Advancing Issues on Nasdaq | 38% Up Volume
50% Declining Issues on Nasdaq | 60% Down Volume
5% Unchanged | 2% Unchanged
From ZeroHedge.com: Housing Bubble II... But This Time It's Different
ZeroHedge: Housing Bubble II... But This Time It's Different...
Most striking aspect from the article: Houses being bought up by the hedge funds have about a 53% occupancy rate...
CNBC also reporting that the house flippers are back!
Thursday, July 18, 2013
Incredible Session...
Even I'm beginning to get excited about this rally as my newly added SD calls started showing some meaningful green and I suddenly started humming along to the Popcorn Song right about mid-session. I was also doing cartwheels over my SDR and PER calls as WTI caught up to Brent and for once, I had seemingly stumbled onto the right side of the trade.
Disappointingly, or perhaps ominously, the rest of the calls I bought when the SPY previously hit these levels are all still in the red.
In light of a predominantly uptrending NYSE and Nasdaq with markedly increased volume, I decided to add some SPY puts right near the 50 SMA in case the SPY corrects and moves towards its 200 SMA.
I figured that the 200 SMA may be an intermediate support level, but the 50 SMA could yet break once again, especially if people get caught off guard and once again start aggressively doubling up. The increase in volume is what I'm keeping an eye on.
If a breakdown happens, the reward level would be the gap between the 50 SMA and the 200 SMA - roughly 115 points, or 7%.
The MorningStar web site has a really cool US Treasury Yield Curve page that allows you to compare today's rates with rates from 1, 3, 5, and 10 years ago.
We're just points away from hitting rates from 3 years ago, which means all of Bernanke's good work has been eroded away!
After Hours Economisses:
Detroit filed for Chapter 9 bankruptcy
Microsoft missed
Google missed
In the same breath, Moody's upgrades US Rating to AAA
+3.76% SBA
-0.85% Roth IRA
+0.50% DJIA
+0.04% Nasdaq
+0.50% S&P
+0.95% FTSE
+0.87% Eurofirst
+1.32% Nikkei
-1.05% Shanghai
+0.90% SENSEX
-0.12% Hang Seng
+1.47% WTI
+0.17% Brent
+0.55% Gold
+0.05% Copper
+0.46% Corn
+0.87% USD/JPY
+0.78% EUR/JPY
+1.65% DJT
-0.07% VIX
+1.73% 10-Year US Treasury Notes
65% Advancing Issues on NYSE | 68% Up Volume
32% Declining Issues on NYSE | 31% Down Volume
3% Unchanged | 1% Unchanged
60% Advancing Issues on Nasdaq | 54% Up Volume
36% Declining Issues on Nasdaq | 43% Down Volume
4% Unchanged | 3% Unchanged
One More Try: Into SPY Aug 09 '13 $163 Puts @ $0.54...
NFPs are on 2 August and the SPY 50 SMA is currently at about 163.7.
Looked at the Implied Volatility for the August 9 expiry date for both calls and puts on the SPY and puts are about 3% higher.
Open Interest in this issue dropped yesterday, signaling potential price reversal if we start to see some broad-based profit-taking...
Much smaller position than my previous SPY put trades.
Wednesday, July 17, 2013
This July 20 Expiry Date Is Not Going To Be Kind...
Unless something drastic happens, I've got a few options issues due to expire worthless - including CSCO, MRK, EWJ, NMR, and SPXU.
My CSCO calls are just 4.9% away from current market price, but momentum is clearly lacking.
The so-called 'accelerated share buyback' on MRK also failed to push volume to the upside in a meaningful way and as it stands, my calls are 14.27% away from current market price.
And don't mention NMR! It was just dimes away from reaching my strike price of $10, but after a major correction, it's now 20.62% out of the money. Sad but true!
New thing I'm watching for: 50 SMA to fall below the 200 SMA on the S&P chart... could be some time before it happens, but if and when it does, it may be time to become a semi-bear again. Nearly every time this has happened, we've had a major stock market crash - or at least a substantial correction...
1521's the number! If puts get really inexpensive around that area, I might get into some long term ones...
-4.21% SBA
-0.45% Roth IRA
+0.12% DJIA
+0.32% Nasdaq
+0.28% S&P
+0.24% FTSE
+0.63% Eurofirst
+0.11% Nikkei
-1.01% Shanghai
+0.49% SENSEX
+0.28% Hang Seng
+0.51% WTI
+0.49% Brent
-1.39% Gold
-1.83% Copper
-1.15% Corn
+0.50% USD/JPY
+0.65% EUR/GBP
+0.78% DJT
-4.16% VIX
-1.62% 10-Year US Treasury Notes
65% Advancing Issues on NYSE | 63% Up Volume
32% Declining Issues on NYSE | 35% Down Volume
3% Unchanged | 2% Unchanged
56% Advancing Issues on Nasdaq | 63% Up Volume
40% Declining Issues on Nasdaq | 35% Down Volume
4% Unchanged | 2% Unchanged
Out of SD @ $5.1025 + Into SD Jan 18 '14 $7 Calls @ $0.21...
Loss of about $0.9053 per share on SD position, or 15% haircut...
Got into SD calls for increased leverage on position based on the Cooperman call that SD can double...
This gives me less risk with higher potential upside...
Please Don't Leave, Bernanke...
We can't get enough of you...
Just echoing the sentiments of one of the guys on Capitol Hill here...
From the Brink & Back: Out of LYG Jul 20 '13 $4 Calls @ $0.25...
Nearly double...
+0.12 per share gain, or +92.3%...
Hooray Market Makers!!
Tuesday, July 16, 2013
Bok Choy On An Italian Menu?
Only in New York City... And I bet people order it too!
I came thisclose (thumb and index finger within a millimetre of one another) to selling out my LYG calls today as the GOLs retraced.
I contemplated closing out the July LYG calls so that I could trade in the proceeds for a bullish call spread which would involve selling the August calls and buying the September calls for a net debit of about $0.20, but I decided to stay the course once again for a chance at Double Or Nothing...
If we get a big move tomorrow, I might end up doing the bullish call spread nonetheless.
Dr J's book is really turning on a lightbulb for me.
+3.10% SBA
+0.66% Roth IRA
-0.21% DJIA
-0.25% Nasdaq
-0.37% S&P
-0.45% FTSE
-0.73% Eurofirst
+0.64% Nikkei
+0.31% Shanghai
-0.91% SENSEX
+0.04% Hang Seng
-0.47% WTI
+0.28% Brent
+0.59% Gold
+0.89% Copper
+1.63% Corn
+0.80% EUR/USD
+0.38% GBP/USD
-0.88% USD/JPY
-0.43% EUR/GBP
-0.72% DJT
+4.57% VIX
-0.94% 10-Year US Treasury Notes
37% Advancing Issues on NYSE
60% Declining Issues on NYSE
3% Unchanged
40% Up Volume
59% Down Volume
1% Unchanged
43% Advancing Issues on Nasdaq
53% Declining Issues on Nasdaq
4% Unchanged
42% Up Volume
57% Down Volume
1% Unchanged
Monday, July 15, 2013
From The Looks Of It...
Some of my out-of-the-money calls could end up becoming deeply in the money later on in the year... But that's just from the looks of it.
All of a sudden, BAC is getting alpha and oil continues to spike higher, though not as fervently as before, which means that my BAC and PER calls are getting some financial love. I'm grateful that I may be able to get out of some of these calls soon - hopefully with a profit.
My portfolio has been a major disaster lately and I kept my head down and sat through the devastation. Finally, LYG bounced back and we're starting to see some real momentum here. I decided to stay the course and held onto my near-expiry LYG calls, aiming for some profit-taking later in the week.
If there's a yummy surprise from the BOE this Wednesday, it could really launch my LYG calls into the stratosphere...
Is it finally time for me to bank some dimes?
-2.08% SBA
+2.11% Roth IRA
+0.13% DJIA
+0.21% Nasdaq
+0.14% S&P
+0.63% FTSE
+0.37% Eurofirst
+0.23% Nikkei
+0.98% Shanghai
+0.38% SENSEX
+0.12% Hang Seng
+0.42% WTI
+0.24% Brent
+0.44% Gold
-0.17% Copper
-1.56% Corn
+0.52% USD/JPY
+0.50% EUR/JPY
+0.50% DJT
-0.36% VIX
-1.73% 10-Year US Treasury Notes
64% Advancing Issues on NYSE
34% Declining Issues on NYSE
2% Unchanged
62% Up Volume
37% Down Volume
1% Unchanged
63% Advancing Issues on Nasdaq
34% Declining Issues on Nasdaq
3% Unchanged
64% Up Volume
35% Down Volume
1% Unchanged
Friday, July 12, 2013
Same Old... Same Old...
Most surprising thing today is that the Japanese Housewives did not have a wild session...
-1.23% SBA
-0.38% Roth IRA
+0.02% DJA
+0.61% Nasdaq
+0.31% S&P
+0.02% FTSE
-0.12% Eurofirst
+0.23% Nikkei
-1.62% Shanghai
-0.75% Hang Seng
+1.28% WTI
+1.18% Brent
-0.24% Gold
-0.46% Copper
-2.20% Corn
-0.55% DJT
-1.21% VIX
+1.05% 10-Year US Treasury Notes
48% Advancing Issues on NYSE
49% Declining Issues on NYSE
3% Unchanged
55% Up Volume
43% Down Volume
2% Unchanged
53% Advancing Issues on Nasdaq
43% Declining Issues on Nasdaq
4% Unchanged
58% Up Volume
40% Down Volume
2% Unchanged
Thursday, July 11, 2013
The Bernanke Spoke & Even My Portfolios Went Up Today... But Maria...
I'm still not putting new capital to work here...
I'll believe the rally when my calls start bringing home the bacon. Till then, it's still baloney...
Seems I'm not alone... Harry Dent was just on CNBC saying that this looks very much like 2007 and something in China or Europe could trigger a global sell-off since the subprime crisis started with only four states.
If the Japanese Housewives followthrough with a wild buying spree overnight, my Japanese bank calls might still stand a chance. But we'd pretty much need to see gains day after day in order for my NMR calls to bounce back before their 20 July 2013 expiry.
Probably not going to happen...
+3.75% SBA
+0.94% Roth IRA
+1.11% DJIA
+1.63% Nasdaq
+1.36% S&P
+0.59% FTSE
+0.57% Eurofirst
+0.39% Nikkei
+3.23% Shanghai
+1.98% SENSEX
+2.55% Hang Seng
-1.77% WTI
-0.88% Brent
+2.97% Gold
+2.72% Copper
+0.74% Corn
Some major forex today:
+1.01% EUR/USD
+1.32% GBP/USD
-0.82% USD/JPY
+1.22% DJT
-1.41% VIX
-3.96% 10-Year US Treasury Notes
85% Advancing Issues on NYSE
14% Declining Issues on NYSE
1% Unchanged
84% Up Volume
16% Down Volume
69% Advancing Issues on Nasdaq
28% Declining Issues on Nasdaq
3% Unchanged
82% Up Volume
17% Down Volume
1% Unchanged
Wednesday, July 10, 2013
Disaster... Faster...
Once a get-rich-quick game for me, options have just as quickly erased a lot of my equity over a very short timeframe lately.
First, I bought puts at the wrong time that were met with a whole bunch of sellers. Then, I bought calls at the wrong time that were greeted with a whole bunch of sellers.
Were the signs there? If so, what were they?
Perhaps the Dr J book I'm reading called 'How I Trade Options' will turn on the lightbulb for me. Until then, I'm not going to put any new capital to work here.
It seems Bernanke The Maestro will allow the music to continue playing for now as the SPY is up over +0.53% in Extended Hours Trading.
Even with disappointing economic data, Shanghai managed an upswing and the pendulum is going in favour of oil as well with WTI leading the way.
Still, there has been little change to my SDR and PER calls.
-0.74% SBA
-1.69% Roth IRA
-0.06% DJIA
+0.47% Nasdaq
+0.02% S&P
-0.12% FTSE
+0.09% Eurofirst
-0.39% Nikkei
+2.17% Shanghai
-0.75% SENSEX
+1.07% Hang Seng
+2.55% WTI
+0.32% Brent
+0.81% Gold
+0.75% Copper
00.00% Corn
-0.72% DJT
-0.98% VIX
+1.90% 10-Year US Treasury Notes
52% Advancing Issues on NYSE
45% Declining Issues on NYSE
3% Unchanged
43% Up Volume
54% Down Volume
3% Unchanged
56% Advancing Issues on Nasdaq
40% Declining Issues on Nasdaq
4% Unchanged
55% Up Volume
44% Down Volume
1% Unchanged
Tuesday, July 9, 2013
J Lo & Behold...
No... my portfolios continue their downtrend as the SPY continues to race higher. In the blink of an eye, BAC is up above $13 again and LYG is down below $4 again as the Jeopardy theme song plays in the background.
Tomorrow, Bernanke will determine if the music stops and I haven't had a chance to get out of the calls I've come to regret.
72% of the stocks on the NYSE went up today and I had to go and choose the ones that went down... Aaaaarrrrgggggghhh...
+0.32% SBA
-1.21% Roth IRA
+0.50% DJIA
+0.56% Nasdaq
+0.72% S&P
+0.98% FTSE
+0.79% Eurofirst
+2.58% Nikkei
+0.37% Shanghai
+0.59% SENSEX
+0.49% Hang Seng
+1.34% WTI
+0.64% Brent
+1.04% Gold
-0.98% Copper
0.00% Corn
No major forex moves
+2.26% DJT
-2.91% VIX
-0.57% 10-Year US Treasury Notes
72% Advancing Issues on NYSE
25% Declining Issues on NYSE
3% Unchanged
74% Up Volume
25% Down Volume
1% Unchanged
57% Advancing Issues on Nasdaq
38% Declining Issues on Nasdaq
5% Unchanged
60% Up Volume
39% Down Volume
1% Unchanged
Monday, July 8, 2013
The GOLs Are Driving...
Yes they are! Who knew they would be going at 5 miles per hour?
After an entire trading day, they finally got LYG to stay above $4 and we got a tiny bit of volume going on the LYG Jul 20 '13 $4 Calls. It looks like these were mainly buyers and the spread is still $0.10, which is pretty stiff.
We all know that Higher Interest Rates + Higher Oil Prices = Recession. So the question is: is this 2006 all over again - or is it 2007?
The Economiss in me says that this economy can't withstand 4% interest rates...
Strange occurrences happened with gold and oil today. Oil ended a week-long move up and gold suddenly appears to have found some support along with copper and corn.
-4.67% SBA
+0.17% Roth IRA
+0.59% DJIA
+0.16% Nasdaq
+0.53% S&P
+1.17% FTSE
+1.39% Eurofirst
-1.40% Nikkei
-2.44% Shanghai
-0.88% SENSEX
-1.31% Hang Seng
-0.40% WTI
-0.68% Brent
+1.84% Gold
+1.19% Copper
+1.06% Corn
+0.37% EUR/USD
+0.44% GBP/USD
+0.13% DJT
-0.27% VIX
-2.58% 10-Year US Treasury Notes
59% Advancing Issues on NYSE
38% Declining Issues on NYSE
2% Unchanged
63% Up Volume
36% Down Volume
1% Unchanged
54% Advancing Issues on Nasdaq
43% Declining Issues on Nasdaq
3% Unchanged
51% Up Volume
45% Down Volume
4% Unchanged
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