This is very creative…. so I give the director props on this advertisement Directed by Tony Kelly for American Apparel from Tony Kelly Photography on Vimeo.
TJ's Take » A Global and Urban Flaneur
Yearly Archives: 2011Market Insights US Economic Outcome Upgraded for 2012 Why I came in this morning at my highest net short position in months….. Italian bonds blowing out…….. (bulls…. It’s OK..it’s just some rates..they’ll print, Ben will print, 1370 $spx year end, Baaa) Spanish bonds blowing out, can’t raise all $ they wanted to this week…….. (bulls…. It’s OK..it’s just some rates… they’ll print, Ben… This weekend me and my daughter did some homework and a video on the stock market, low and behold we came across the newest Barron’s article titled “NOT SO FAST, MR. BEAR”. Typically, when a major publication ridicules one side (bull/bear) it means that it’s near a major turning point. I take this to mean… The market gives signals…there are patterns… and there is advice. An individual has to listen to all three (3) anddetermine which one they go along with, there is no pointing fingers to managing your OWN Trade Book. For instance, last week the market gave bears two signals to cover NEAR TERM shorts at SPX (S&P)… The market wants to gap up this morning. While bears typically can short the common or buy puts, there are other tactics that bears can use when the mkt goes against them. My term that many on twitter have seen is ‘selling hope’. That is selling ATM (at the money) or OTM (out the money)… What’s the difference between a bullish basing and a bearish churn? The former occurs above support and works off the overbought condition as a function of time rather than price. The latter happens under resistance and works off the oversold condition in the same manner. Check the chart of the S&P below, and you tell… The market last friday did nothing wrong, technically… we got the selling we were looking for, then the stock market held the bottom channel of a pennant I am looking at (WHICH COULD BREAK IF THE G-7 DON’T DO ANYTHING THIS WEEKEND). See the image below then the comments after it: So the market will… I helped a member of our financial trading community NWATrading with a repair thesis of a call spread that he had on Google ($GOOG) during August 2011 Option Expiration week. See the short video (saves my fingers, lol). To see the full video and others goto Premium NWATrading TJTakes The past week I have been in many conversations that stemmed from European concerns, Greece default, China inflation, USA Debt ceiling, the price of gas at the pump, etc. It was uncanny the number of people who remained steadily bullish on the stock market. I shared my thesis with others and I will share it… Over the weekend I was in several conversations that ranged from the Debt Ceiling Government Theater, to LinkedIn stock (LNKD) being supremely overvalued but you cannot get a borrow on it (shorting aspect), to my call to short Netflix (NFLX) at $295 for a solid 16-19 points lower (pre-market now it’s $282 (note to self $280 is… |
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