As Traders Rush To Buy CALLs, Price Of PUTs Plunge Two Std. Deviations
Bets that the S&P 500 will rise still further have gotten so intense that one has to pay a huge premium for CALL options. Bloomberg reports Traders Pay Through the Nose to Bet the S&P 500 Will Snap Higher. As U.S. stocks trade at all-time highs, the price tag on bearish options has dropped to a […]
Five Decades Of Middle-Class Wages: December 2017 Update
We’ve updated this series to include last week’s release of the Consumer Price Index as the deflator and the December monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $37,687, down 12.7% from 44 years ago. The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The […]
UnitedHealth (UNH) Beats On Q4 Earnings, Revises 2018 View
UnitedHealth Group Inc. (UNH – Free Report) came up with earnings of $2.59 per share, beating the Zacks Consensus Estimate of $2.50. Earnings also rose 22.7% year over year. Higher revenues, strength in both its segments, UnitedHealthcare and Optum, and membership growth led to the outperformance. UnitedHealth has a tradition of guiding conservatively and then beating its own […]
Speculating Our Way To Prosperity
We have been discussing the consumption of capital. Last week, for example, we concluded with: “We see people eating more of the seed corn.” Morally, socialism is the enslavement of man to man. If you create something, they want not just to take it from you, but to render you unable to create anything else. […]
Large Gap In SPX Chart
My Swing Trading Approach I may look to add another 1-2 long positions to the market today, but the parabolic nature provides a great deal of concern for me going forward, and how long this kind of momentum can be sustained. Indicators VIX – Up six out of the last seven days – surprising, considering the […]
ETFs: Quintet Of Death
I’m so glad to be back home, I can hardly stand it. It even kept me cheerful through the insane mega-ramp. I remain long January 2019 puts on these five ETFs. The industrials: The NASDAQ: Treasury bonds (this is my favorite): Financials: And, finally, consumer durables:
The Next Major Time And Cycle Cluster Is Due This Week
This Bull market has been relentless and is in a blow off mode, bullish momentum remains strong and all trends remains Up. The various Time and Cycles can go haywire in the current giddy Euphoric rally phase and picking a swing High is virtually impossible. With this in mind, the next major Time and Cycle Cluster is due this Option […]
US Markets, VIX, Base Metals, And Oil Show Massive Liquidity
Chris Temple kicks off today with comments on the US markets as well as base metals and oil. Another day and see are seeing US markets continue their strong rise. It is interesting to see the VIX also rising today. This show traders are trying to be at least a little protected for a coming […]
The Most Active Equity Options And Strikes For Midday – Tuesday, Jan 16
Top tickers for midday: AAPL, BAC, PBR, BABA.
Gold Stocks Are Bullion On Fed Steroids
Gold and related investments are off to a very positive start in 2018.I don’t expect any major pause in the action until China’s Golden Week holiday celebrations get underway. Chinese gold dealers will be on holiday this year from about February 15 to February 21.This creates a significant vacuum in gold demand. As dealers and […]
