REE was one of the rare earth plays that saw some aggressive buying at the close on Thursday afternoon and may be gearing up for some nice momo in the coming days. It was able to break a multi-month downtrend…
Daily Archives: July 21, 2011
Broad Based Rally
Market Recap Stocks are broadly higher with help from earnings and diminishing concerns about the European Debt Crisis. Morgan Stanley (MS) is up 9.1 percent and is a leader among the financials after the investment bank's earnings and…
Posted in Commentary
shorting 280 NFLX 280 weekly calls at 1.84 area same contract amount as long on 285 weekly calls after locking in profits on the short on 295 weekly puts.
/s shorting 280 NFLX 280 weekly calls at 1.84 area same contract amount as long on 285 weekly calls after locking in profits on the short on 295 weekly puts. This help put us in an iron condor for…
Posted in General Trading
buying AAPL 395 weekly calls at .50 and .58 2X OVERSIZED tomorrow expire
/b buying AAPL 395 weekly calls at .50 and .58 2X OVERSIZED tomorrow expire they is a bullish position that can easily be turned into a vertical if AAPL was to tern against us by shorting equal contract amount…
Posted in General Trading
News for July 21st 2011
Euro-Region Manufacturing Growth Weakens Crude Declines for First Day in Three on Signs China Manufacturing Shrank Solar Earnings Mirage Brings Muddy Waters Concerns to China’s Panel Makers U.S. Moves Toward Home ‘Rentership Society,’ Morgan Stanley Says Greek Deal Likely to…
Posted in Breaking News
End of Day Charts, US budget deal, and a mess all around
Charts look good to the upside on an agreement for the U.S. debt going forward. Europe is basically considering a default for Greece, more printing but less chance the defaults spread to the rest of the PIGS. Free money, how…
Posted in Charting & Analysis, Commentary