What a rally. Big 4% up day in the markets, and our tech longs/calls were juiced today. And I hate to be the bearer of bad thoughts, but remember earlier this week how I pointed out that “dislocating markets” aren’t necessarily a bullish thing? Anyway, here’s my thought as I head through town to buy […]
Headlines and don’t forget today’s chat at 2pm EST
Here’s what I was reading and thinking about today when I wasn’t watching the sun rise over the Capitan mountains from my new home in the mountains of southeastern New Mexico. A Large Middle Class Isn’t Necessarily Normal – My old friend and mentor, David Merkel, with a very controversial take on what’s a “normal” distribution […]
Analysis and trading updates: Central Banks take coordinated action
It’s another day at the racetrack and the ponies are a’running. The US Federal Reserve has explicitly come out this morning in favor of redistributing hundreds of billions of more dollars from the working taxpayer to the corrupt banks in Europe, and that, along with some other socialist/communist economic developments has the markets juice early. […]
Revolution Investing and a trading update for Corning
The whole point of Revolution Investing is to help you pinpoint when there really is risk and to avoid panicking when there’s not. I’m again warning readers that the tech stock market bubble that I’d been looking to really take off next year is no longer as likely as it had been. And yes, I […]
A couple position updates
Couple housekeeping notes. Corning’s down 10% this morning after announcing that the quarter’s not coming in as planned, mostly because of a big order cancellation. I’m working on this one right now and will have more analysis and a playbook for us in a bit on this one. Mea culpa in the meantime. Also, on […]
Morning and a very risky short-term trade
A few years ago on Kudlow & Co, I took my always very-bearish position on a discussion/debate/argument the investment merits of the airline companies. My point was then and still is that the government welfare/subsidy business model employed by the industry always has been and always will be simply broken. If the business models for […]
Market wrap and see you at the Superbowl of Indexing in Phoenix next week
The strangest part of today’s market action — how little the markets moved intraday once they had opened up 3% across the board. Most days with a move of that magnitude entails some wild intraday swings too, but today once we opened, we just flatlined near the day’s highs. I didn’t get filled on much […]
Dislocating markets
Big day at the markets, with the major indices holding their broader, 2-3% gains across the board. Remember when I got all bearish on silver and copper when they had just peaked and started dislocating on a daily basis? That is, dislocating markets is a term that I created that means a market is making […]
Not just a funny I Love L”EU”cy episode
Speaking to Lucy in a Paris police station: “The sergeant only speaks French, and see, this other cop here, he speaks French and German. And this fellow, he speaks German and Spanish. So the sergeant is going to ask the questions, and we’ll translate them to you” – Ricky Ricardo Good morning, good Monday, and […]
Two option trades for Txgiving week
It’s Thanksgiving week and that’s reason enough to not be pushing it too hard, but given how much cash we raised near the highs and with the crushing the markets have taken again today, there’s a trade or two that I’m doing from my smartphone as I sit sipping coffee this morning in the mountains […]
Macro, markets and see you next week
As I’d noted last week as the European Central Bank blinked and the spreads on bonds in the E.U. blew out, there were a whole lot of new developments that had me finally turning cautious and selling down all of our financial long positions along with a tech name that we let go. The news […]
Some clarifications and more analysis about the EU debt “crisis”
Quick note because I hear people in the restaurant and see people on TradingWithCody.com’s chat explaining that Germany and the EU “have no other choice” but more bailouts and that such bailouts and ongoing rumors of new bailouts in Europe (and here too, by the way) will be bullish. The option that the EU/Germany/US and […]
My latest positions
It looks like the markets are granting traders a bit of reprieve to end this week and head into Thanksgiving week. Flattish trading today, after the 5% or so sell off from where we were to close out last week. Most of our positions are flattish today too and after the selling/trimming I’ve been doing […]
Market note
I’ve been on the road since 5am New Mexico time and just got to Florida for a wedding this weekend. The markets are obviously tanked again today and you guys know I’m not exactly shocked about that. Headline: Dow suffers 200-point slide Dow industrials down as much as 230 points Thursday afternoon as concerns […]
Today’s chat: LOGM, FIO, NUAN, Europe, and more
Here’s the transcript of today’s chat. We broke the questions and answers down into two sections as usual — Economy/markets/trading/strategy and Stocks. See you next week at 2pm EST at https://tradingwithcody.com/chat for more Q&A where you can ask me anything. Economy/markets/trading/strategy Q: Dear Cody, do you still see a possible year-end rally in tech? Thank […]
Market notes and chat at 2pm EST
Good morning and don’t forget to meet me at 2pm EST for this week’s chat at https://tradingwithcody.com/chat. Meantime, markets are down a bit but we’ve got several longs up big today. Fio’s broken past $40 and it sure feels like a stock that’s got some room to run as longs try to get in and shorts try to cover. Letting […]
Full analysis: Time to take the Occupy Movements and the EU/Euro collapse seriously
Over the last couple weeks, I have laid out the facts of what the people at the Occupy Movements are fighting — put simply get JP Morgan and GE completely off of welfare — and how the Occupy Movements are likely to start hitting the stock markets and/or get blamed for sell-offs in the stock […]
The Power of Doctor Octopus: On Fusion-IO and Marvell
“The only lights I’ve seen so far are fireflies” – Spiderman Well, well, well, things have gotten very interesting as the day has worn on, haven’t they? FIO, for example, is up nearly 15% intraday and I continue to think that is looking like a very good long-term play there. Meanwhile the markets are trying […]
Not to fade away: Near-term and long-term thoughts
I seem to recognize your face Haunting familiar here I can’t seem to place it Can I find a candle of thought to light your name Lifetimes are catchin’ on with me — Pearl Jam It’s fun to look at a grouping of recent headlines trying to explain the recent day-to-day gyrations in the market. That’s why I […]
Today’s links: Banks, crimes, frauds, GDP and how it all relates to your investment approach
Here’s what I was reading and thinking about when I wasn’t sipping the only kind of coffee I really like — a double espresso with a little bit of steamed milk. Mud, I guess. A 21st-century version of cowboy coffee. Italian cup of Jo’. Okay, I’ll get on with the links. The caffeine must be […]