• Stocks Stage NEGATIVE Reversal, 3 Positions
    12/14     9:00amOn Tuesday, stocks opened decisively higher but reversed in afternoon to close negative. Volume surged across the board. The reversal caused the Nasdaq ($COMPQ) index to close BELOW 50dMA. Other indexes are testing the 50dMA. Euro debt crisis remains... More »
    Dec. 14, 2011
  • Whipsaw Wednesday, Expect Another Choppy Session
    The Wednesday before options expiration, which is on December 16, 2011, is usually the most volatile trading day of the week. Traders should expect another wild ride in the market today. So far, the major stock indexes have sold off for two consecutive trading sessions and today is really... More »
    Dec. 14, 2011
  • U.S. Futures Flat as Hopes For Year-End Rally Fades
    This morning.  U.S. equity markets are in correction.  All major indexes closed above 20- and 50-day moving averages.  The SPX, DJI, and Nasdaq are above their 100-day moving average. Only the DJI closed above its 200-day moving average.U.S. equity futures are modestly... More »
    Dec. 14, 2011 WFC
  • Today's All Things Forex Broadcast: CHF Outlook ahead of the SNB Decision
    In the broadcast today: CHF Outlook ahead of the SNB Decision. With the Fed's monetary policy decision in the rear view mirror, we focus our attention on the Swiss National Bank's upcoming interest rate announcement and examine the potential for the Swiss central bank to take additional measures... More »
    Dec. 14, 2011 DIA, EEA, GBB
  • EURO
    EURO – Euro Stress is jumping – EU CDS is hitting a new record - Italian Yields are nearing the “Danger Zone” – EUR Swaps are collapsing again, driving the € near YTD lows – Spain’s bank borrowing from ECB registers biggest jump since June 2010... More »
    Dec. 14, 2011
  • Is There a Reason? (Does There Need To Be?)
    Daily State of the Markets Wednesday Morning - December 14, 2011 Good Morning. Long time readers know that I am a stout believer in the idea that there is usually a reason behind a good-sized market move. I'm not talking about 50 point swings in the Dow that can happen at any point of any... More »
    Dec. 14, 2011
    Options Insight: After the rally, replace big beneficiaries with calls: Improvement in US macro data and a relaxation in global concerns led to a 7% rally in the S&P 500 and a 13% drop in average stock implied volatility over the past two weeks. We screen for those companies which benefitted... More »
    Dec. 14, 2011 AER, ARO, JCP
  • Federal Reserve holds off on QE3 sending stocks lower as volume jumps
    Advance retail sales were much lighter than expected, but the news failed to bring down futures in pre-market trading. The market was awaiting news from the Federal Reserve at 2:15pm EST. Volume was light heading into the meeting as institutions once again on the sidelines. Despite the more than... More »
    Dec. 14, 2011 QQQ, DIA, SPY
  • Stock pick for 12/14/2011
    Stock pick for 12/14/2011  CHKP - shortTechnical view: CHKP is something close to DTV. Monthly and weekly chart support swing short possibility and for that I will use daily triangle. Stop is little higher (daily 200sma) than usual because market is very tricky lately so I don’t want... More »
    Dec. 14, 2011
  • Yes Virginia, a “magic formula” for investing does exist
    In Business School one of my Finance professors was famous for saying, “In Finance (investing) you can eat well or you can sleep well, you just can’t do both.”  Needless to say, Warren Buffett sleeps well. Of course, we would agree that Mr. Buffett eats well... More »
    Dec. 14, 2011