Financial Stocks as a Bellwhether
There are a number of characteristics that show themselves during bull markets, bear markets, and market turns. A bull market lifts all boats. This is another way of saying that…
Trade Suggestions Updates
Tomorrow is Independence Day, the day we celebrate the most important event in the history of the United States. On this day, in 1,776 the colonies adopted the Declaration of Independence. I…
Tesla | Short Morning Update
Elon Musk reported over the weekend that the company hit its production goal of 5,000 Model 3 cars in a week. Not surprisingly, they did it the last week of…
Tesla (TSLA) | Higher? Lower? These are Mike’s Thought’s, His Trade, & More
On Friday, June 29, Melissa Lee, the host of CNBC's Options Action notes that Tesla went public 8 years ago and much has happened since then. Phil LeBeau introduced the…
Update | Interest Rates and the TLT Trade
Interest rates have been in correction mode ever since the 10-year US Treasury Bond hit 3.1% in the middle of May 2017. This capped a very impulsive higher move in…
It was a Macro Monday, But No Black Swan
Yesterday, the equity markets took the bulls out to the woodshed. Investors seem to be concerned about the Presidents recent moves in the very public negotiations for international trade. The…
Nike, Inc (NKE) Run or Rest
On Friday, 22-June-2018, Mike presented a trade in Nike. It looks like the company will be reporting earnings sometime between June 27 and July 2. The options market is pricing…
iQIYI, Inc. Update
On 6-June-2018, we introduced our subscribers to iQIYI (pronounced "eye-chee-yee"). Recall that iQIYI is a Chinese version of NetFlix. There is a difference in business models, however. While NetFlix is…
Covered Call Report
Covered call writing is the most common options trading strategy used by individuals and professionals alike. Some people believe it is a low-risk strategy that generates income. We like to…
Lather Rinse & Repeat… or Will the Bear Go Hunting?
In yesterday's analysis of equity market price behavior, we discussed the phenomenon of the market looking like it wants to establish a trend, then chickens out. Prices start to rise, and…