With interest rates still hovering at near zero, investors have plowed head-first into any asset class with a high yield. One of the biggest recipients of investor cash over the last few years have been master limited partnerships (MLPs). The corporate tax-structure for these companies is designed to kick out large, tax-advantaged dividends to unit…
Earlier in the week I posted the following chart on Twitter and StockTwits. In that post I mentioned that the StockTwits community was still confirming lower prices for emerging markets (EEM). Our algorithm that scores tweets for bullish and bearish sentiment now has the Twitter stream predicting lower prices for EEM as well….
USD/JPY The USD/JPY pair broke higher during the course of the week, going higher than the 120 barrier level. Because of this, I am a bit perplexed because we are without a doubt overbought at this point. I am looking for pullbacks to take a penny to value in the U.S. dollar, and I think the closer…
As cautioned in my Market Forecast last Sunday, stocks took a quick fall on Monday, but soon recovered nicely. Friday’s jobs report prompted some buying, however the S&P 500 SPX was still not able to break out. We did not trade much this week. We did a quick trade on GLD calls when gold bounced on Monday. Then,…
This could be an interesting week for the tech sector, with five IPOs due. The largest should be technofinancial Lending Club, set to price Wednesday. The priciest per share could be New Relic, which could price as high as $20 per share; that’s due to open trading Friday. The dark horse could be Hortonworks, which…
Having raised money at a mind-numbingly bubblicious $40 billion valuation this week (which as a reminder is triple the value of the entire NYC tax medallion business), we thought the pushback from the world’s taxi-driving unions was at least worth noting as they resist ‘disruption’. Nowhere is that pushback more evident than in Greece, where…
The schedule for data releases is lighter than usual. The calendar year is about to end. The market continues to set records. The stage is set for the annual question: Will there be a Santa Claus rally in stocks? Prior Theme Recap In my last WTWA I predicted a three-part week – some post-holiday digestion of the…
November was a good month for U.S. employment as the largest number of workers in three years joined the labor force. In addition, wages were up, another indication that the economy was strengthening. The Labor Department reported on Friday that non-farm payrolls rose by 321,000, the most since January 2012 while the unemployment rate held…
GOOG Stock Risky! We had a really nice trade on Monday on TRGP (TRGP) puts, which scored an intraday +100% profit! TRGP Options Sell to close 5.00 (4.81%) of TRGP Dec 20 2014 Put 115.0 at 12.00000 100.00% ($3,000.00) Profit TWC (TWC) Options Sell to close 10.00 (2.05%) of TWC Dec 20 2014 Call 150.0 at…
Welcome to edition 233 of Insider Weekends. Insider buying decreased last week with insiders buying $44.02 million of stock compared to $59.33 million in the week prior. Selling also declined with insiders selling $1.47 billion of stock last week compared to $1.73 billion in the week prior. With the energy sector in turmoil on account of falling oil prices,…
