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Finally, the markets have a reversal day that’s turned ugly. If it seems like it’s been a long time since the markets had an ugly day, much less a pull back, it’s because it has been. We’ve been trimming our longs and adding some index hedges.
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I’m making a quite few trades today. Trimming some longs to lock in some profits, removing one long and adding to a short. Facebook’s stock has been climbing for weeks and is at all-time highs and the market cap of this company is now over $400 billion. The
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Bubbles. I’ve been saying since 2010 that we’re in a Bubble-Blowing Bull Market, meaning that we weren’t quite in a bubble yet, but that the Bull Market was likely to get us there. Top 5 causes of all these bubbles 1. 0% interest rates. After the great
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Next week, we’re going to do a Live Q&A Chat on a phone conference call. Details to come. But for today, join us for today’s live Q&A in the Chat Room at 2:00 pm EST. If you can’t attend live, email your
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Here is the transcript to this week’s Live Q&A Chat. Visit the Trading With Cody Chat room on the Trading With Cody iPhone app,, the Trading WithCody Android app or in the Chat Room. If you have any questions about our service, just email us at support@
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Oil’s down 12% in the last week. Stock markets having a hard time getting any traction on the upside. Let’s talk stocks. Valeant Pharmaceuticals is down big yet again to below $11, down to new multi-years lows yet again and, as I’ve argued since I first shorted
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The Fed’s going to raise rates eventually, right? Maybe this week! And if you listen to the pundits and traders, a 0.25% interest rate hike from our central bank is A Very Big Deal. Let’s cut through the noise with some more historical perspective. This morning I
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Here is the transcript to this week’s Live Q&A Chat. Visit the Trading With Cody Chat room on the Trading With Cody iPhone app,, the Trading WithCody Android app or in the Chat Room. If you have any questions about our service, just email us at support@
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Markets flattish to down again today. Not sure we’re headed for an immediate correction, but the upside does seem a bit exhausted for the near-term at least. Drug stocks getting hit on Trump talking about pricing. Pandora getting smashed again today, as has been the case lately. I think
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The attendance of last week’s NYC Trader’s Expo set records. The buzz about the Snap IPO out in LA, where Snap is based, was everywhere. Another week spent on the road for meetings, speaking engagements and networking and everyone was once again — excited about the economy, their businesses,
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TRADES FOR THE WEEK OF FEBRUARY 27-MARCH 3, 2017 On Tuesday, February 28th: * $IWM-iShares Russell 2000 Index ETF: I bought some more $IWM puts that will expire in August with strike prices around $135.00 or so. Just a little bit more hedging. Options Stock Call or Put Action Date
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SNAP comes public at $17 and pops to $24 at the opening of trading. I’m not in a big rush to move into SNAP — remember I didn’t buy $FB until a few weeks after its IPO when the stock had come down 40% from the opening. Remember also,
