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Stock Market Today: December 4th - 8th

Discussion in 'Stock Market Today' started by bigbear0083, Dec 1, 2017.

  1. bigbear0083

    bigbear0083 Content Manager
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    Welcome Stockaholics to the trading week of December 4th!


    This past week saw the following moves in the S&P:
    [​IMG]


    Major Indices End of Week:
    [​IMG]
    [​IMG]


    Bird's Eye view of the Major Futures Markets on Friday:
    [​IMG]


    Economic Calendar for the Week Ahead:
    [​IMG]


    Sector Performance WTD, MTD, YTD:
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]


    What to Watch in the Week Ahead:

    • Monday

    Earnings: Ascena Retail, Coupa Software

    10:00 a.m. Factory orders

    • Tuesday

    Earnings: AutoZone, Toll Brothers, Barnes and Noble, Lands'End, Dave and Buster's IDT, HD Supply Holdings

    8:30 a.m. International trade

    9:45 a.m. Services PMI

    10:00 a.m. ISM nonmanufacturing

    10:00 a.m. QFR

    • Wednesday

    Earnings: Brown-Forman, H&R Block, American Eagle Outfitters, Broadcom, Lululemon Athletica

    8:15 a.m. ADP Payrolls

    8:30 a.m. Productivity and costs

    • Thursday

    Earnings: Dollar General, Dell Technologies, Ciena, American Outdoor Brands, Vail Resorts

    8:30 a.m. New York Fed President William Dudley

    8:30 a.m. Jobless claims

    10:00 a.m. QSS

    3:00 p.m. Consumer credit

    • Friday

    8:30 a.m. Employment

    10:00 a.m. Consumer sentiment

    10:00 a.m. Wholesale trade
     
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  2. bigbear0083

    bigbear0083 Content Manager
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    Stock Markets Mueller'd As Yield Curve Collapse Continues
    So to summarize - the former national security chief agrees to testify against the sitting president and The Dow drops 40pts...


    China stocks were mixed with CHINEXT surging overnight but CSI300 ending at the lows (worst week in 2017)

    [​IMG]



    Europe saw stocks and bond yields notably lower...

    [​IMG]



    But for US equities, overnight weakness (as Asian tech wrecked) was quickly dismissed into the US open thanks to Daines and Johnson saying "yes" to the tax bill. Everything was awesome for a while and then the Flynn headlines hit, plunging stocks lower. But then luckily, Europe closed and McConnell sais GOP had the votes for the tax bill and stocks took off again...

    [​IMG]



    On the week, Nasdaq ended lower - worst week in 3 months, Trannies soared most since the election...

    [​IMG]



    But futures show the real swings during a chaotic week

    [​IMG]



    Today's big event was Flynn's headlines which sparked a bid for safe haven bonds and bullion, but that faded as tax vote came and went...

    [​IMG]



    VIX spiked to 3-month highs but was monkey-hammered lower into the close in a desperate attempt to get The Dow green

    [​IMG]



    And remains hugely decoupled from stocks...

    [​IMG]



    After 10 straight days of short squeeze, 'Most Shorted' stocks actually dropped today.. barely...

    [​IMG]



    Equity market momentum factor suffered it biggest weekly loss since the election (and best week for Value stocks since the election)

    [​IMG]

    Obviously this week was all about taxes (this was the biggest jump for 'high tax' corps relative to 'low tax' corps in history...

    [​IMG]



    Tech stocks were worst on the week as Retailers and Financials ripped oddly together higher...

    [​IMG]



    Banks outperformed on the week despite a collapsing yield curve...

    [​IMG]



    FANG Stocks worst week since June...Semis plunge the most in 2017 (after 11 weeks higher in a row)...

    [​IMG]



    And the tech wreck hit Asia too...

    [​IMG]



    Notably, while stocks (aside from Nasdaq) rallied on the week, high yield bonds did not...failing to get back above their 200DMA and fading notably today...

    [​IMG]



    And remain notably decoupled from stocks... (notably today's weakness was in Consumer Staples and Financials and more broad-based)

    [​IMG]



    Nasdaq and bonds have recoupled...

    [​IMG]



    Nasdaq and FX carry recoupled...

    [​IMG]



    Bonds were well bid today with the long-end massively outperforming...(leaving 30Y yield lower on the week)

    [​IMG]



    Crashing the yield curve to new cycle-lows (back at Oct 2007) - 3rd weekly flattening in a row...

    [​IMG]

    As one witty gentlemen noted - if Mueller files charges against 3 or 4 more people, the curve will invert.

    The Dollar Index managed to scramble back into the green for the week (despite a big plunge on Flynn today) - after 3 straight weeks lower...

    [​IMG]



    All major commodities were lower on the week - note that gold (and crude) briefly tagged unchange on the Flynn headlines before being sold...

    [​IMG]



    Gold ripped on the Flynn headlines, tagged the 100DMA and then tumbled...

    [​IMG]



    Finally, Bitcoin ended the week up 31% - The best week since Dec 2013...Despite a huge drawdown...

    [​IMG]
     
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  3. bigbear0083

    bigbear0083 Content Manager
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    Authored by Lance Roberts via RealInvestmentAdvice.com,

    In her last testimony before Congress as head of the Federal Reserve, Janet Yellen made a curious statement:


    I would simply say that I am very worried about the sustainability of the U.S. debt trajectory. Our current debt-to-GDP ratio of about 75 percent is not frightening but it’s also not low. It’s the type of thing that should keep people awake at night.”

    I find this statement interesting given that both Michael Lebowitz and I have been arguing the point that tax cuts and reforms “pay for themselves” through stronger rates of economic growth, employment or wages.

    As Mike stated this past week:


    “The historical evidence above tells a different story than the bill of goods being sold to citizens and investors. Corporate tax rates are positively correlated with economic growth which means that lower corporate tax rates equate to slower economic growth. Further, there is strong evidence that corporate profits are largely unaffected by tax rates.

    Investors buying based on the benefits of the tax proposal appear shortsighted. They value the benefits of corporate tax cuts, but they are grossly negligent in recognizing how the tax cuts will be funded.”

    But while Janet Yellen was focused on Federal Debt, the real issue is total debt as a percentage of the economy. Every piece of leverage whether it is government debt, personal debt and even leverage requires servicing which detracts “savings” from being applied to more productive uses. Yes, in the short-term debt can be used to supplant consumption required to artificially stimulate growth, but the long-term effect is entirely negative. As shown in the chart below, total system debt how exceeds 370% of GDP and is rising.

    [​IMG]

    It now requires ever increasing levels of debt to create each $1 of economic growth. From 1959 to 1983, it required roughly $1.25 of debt to create $1 of economic activity. However, as I have discussed previously, the deregulation of the financial sector, combined with falling interest rates, led to a debt explosion. That debt explosion, which allowed for an excessive standard of living, has led to the long-term deterioration in economic growth rates. It now requires nearly $4.00 of debt for each $1.00 of economic growth.

    [​IMG]

    Yellen is right. The level of debt, not just at the government level, but on the whole, should keep investors “up at night.” The Fed’s monetary interventions over the last 9-years to aggressively push interest rates lower led to a high-degree of “complacency” as the assumed “riskiness” of piling on leverage was removed. However, while the cost of sustaining higher debt levels is lower, the consequences of excess leverage in the system remains the same.


    The illusion of liquidity has a dangerous side effect. The process of the previous two debt-deleveraging cycles led to rather sharp market reversions as margin calls, and the subsequent unwinding of margin debt fueled a liquidation cycle in financial assets. The resultant loss of the “wealth effect” weighed on consumption pushing the economy into recession which then impacted corporate and household debt leading to defaults, write-offs, and bankruptcies.

    [​IMG]

    You will notice in the chart above, that even relatively small deleveraging processes had significant negative impacts on the economy and the financial markets. With total system leverage spiking to levels never before witnessed in history, it is quite likely the next event that leads to a reversion in debt will be just as damaging to the financial and economic systems.

    Of course, when you combine leverage into investor crowding into “passive indexing,” the risk of a “disorderly unwinding of portfolios”due to the lack of market liquidity becomes an issue.

    While Ms. Yellen dismisses her own warnings…maybe you shouldn’t.

    In the meantime, here is your weekend reading list.

    Trump, Economy & Fed
    Video – Myths About Tax Cuts




    Markets
    Research / Interesting Reads


    “You never go broke taking a profit.” – Old Wall Street Axiom
     
  4. bigbear0083

    bigbear0083 Content Manager
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    Here are the percentage changes for the major indices for WTD, MTD, QTD & YTD thus far in 2017-
    [​IMG]
    [​IMG]

    S&P sectors for the past week-
    [​IMG]
     
  5. bigbear0083

    bigbear0083 Content Manager
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    December - Top S&P 500 Month
    [​IMG]
    December is the number one S&P 500 month and the second best month on the Dow Jones Industrials since 1950. DJIA averages 1.7% and S&P 500 gains 1.6% on average. It’s also the top Russell 2000 month and second best for Russell 1000 (1979). December is NASDAQ’s second best month. Rarely does the market fall precipitously in December. When it does it is usually a turning point in the market—near a top or bottom. If the market has experienced fantastic gains leading up to December, stocks can pullback. Conversely if the market has been through the ringer of late and December is down as well, then expect a rally to ensue shortly.

    Market trading in December is holiday inspired and fueled by a buying bias throughout the month. However, the first part of the month tends to be weaker as tax-loss selling and yearend portfolio restructuring begins.

    [​IMG]
    In the last sixteen post-election years, December’s ranking slip to #8 S&P 500, #7 NASDAQ and DJIA #5. Small caps, measured by the Russell 2000, have had a field day in post-election-year Decembers. Since 1980, the Russell 2000 has lost ground just twice in nine post-election years in December. The average small cap gain in all nine years is a solid 2.5%.

    4 Things to Consider About the Most Bullish Month of the Year
    Posted by lplresearch

    Historically, December has been a strong month for equities, but will that be the case this year? Here are some stats to be aware of as we head into the home stretch for 2017 (all stats are as of 1950*):

    1. December has been the strongest month of the year for the S&P 500 Index, posting gains 74.6% of the time with an average return of +1.6%. Both are the best out of the 12 months of the year.
      [​IMG]
    2. When the S&P 500 began December above its 200-day moving average (as 2017 likely could), returns have been even better as the index posted gains 76.1% of the time (35 out of 46) with an average monthly return of 2.0%. Conversely, when the index started December beneath its 200-day moving average, it finished the month higher 71.4% of the time (15 out of 21) with an average gain of 0.9%.
    3. When the S&P 500 was up more than +15% year to date heading into December (as 2017 likely could), the index has closed out the month higher 14 out of 20 times with an average return of +1.7%— again better than the average return.
    4. Incredibly, December has never been the worst month of the year. Per Ryan Detrick, Senior Market Strategist, “While we all know that December is historically a bullish month, what also stands out is that this month has never once been the worst month of the year for the S&P 500. Considering March 2017 is the current worst month of the year, as it closed down 0.04%, this could bode well for the bulls in December.”
      [​IMG]
    Another 1,000 Point Dow Threshold Bites the Dust
    Nov 30, 2017

    While all the attention shifted towards bitcoin and the pace with which it traded up through different 1,000 point price levels, the DJIA just reminded investors that it too has been on quite a run. With the index on pace to close above 24,000 for the first time today, that now makes it six 1,000 point thresholds that the DJIA has crossed for the first time since last November’s Election.

    The table below lists the first day that the DJIA closed above each 1,000 point threshold beginning with 1,000 way back in 1972. Obviously, the higher the index goes, the less of a percentage move each successive threshold becomes, but the recent pace has still been quick. Even more impressive is the fact that for each of the recent thresholds the DJIA has crossed, it hasn’t dipped back below very often. In fact, since last November’s election, no single 1,000 point threshold has been crossed (on a closing basis) up or down more than five times.

    [​IMG]
     
  6. bigbear0083

    bigbear0083 Content Manager
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    Here are the current indices pullback/correction levels as of this week ending-
    [​IMG]
     
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  7. bigbear0083

    bigbear0083 Content Manager
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    Stock Market Analysis for Week Ending 12.1.17
    Video from AlphaTrends Brian Shannon


    ShadowTrader Video Weekly 12.3.17
    Video from ShadowTrader Peter Reznicek
     
  8. bigbear0083

    bigbear0083 Content Manager
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    [​IMG]

    Here are the most anticipated ERs for this upcoming week ahead (I'll also have the earnings chart posted in here as well once it's ready)

    ***Check mark next to the stock symbols denotes confirmed earnings release date & time***

    Monday 12.4.17 Before Market Open:
    [​IMG]

    Monday 12.4.17 After Market Close:
    [​IMG]

    Tuesday 12.5.17 Before Market Open:
    [​IMG]

    Tuesday 12.5.17 After Market Close:
    [​IMG]

    Wednesday 12.6.17 Before Market Open:
    [​IMG]

    Wednesday 12.6.17 After Market Close:
    [​IMG]

    Thursday 12.7.17 Before Market Open:
    [​IMG]

    Thursday 12.7.17 After Market Close:
    [​IMG]

    Friday 12.8.17 Before Market Open:
    [​IMG]

    Friday 12.8.17 After Market Close:
    NONE.
     
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  9. bigbear0083

    bigbear0083 Content Manager
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    Stockaholics come join us in our weekly market poll and stock picking competition for this upcoming trading week ahead!-
    ========================================================================================================

    It would be pretty sweet to some of you join us and participate!

    I hope you all have a fantastic weekend ahead! :cool:
     
  10. stock1234

    stock1234 Well-Known Member

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    OldFart and T0rm3nted like this.
  11. bigbear0083

    bigbear0083 Content Manager
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    And as promised here are the most anticipated earnings calendar for this upcoming week ahead:
    ($AVGO $TOL $AZO $LULU $DG $VEEV $AEO $GWPH $RH $PLAY $HDS $BNED $CIEN $BMO $JLL $FNSR $GIII $LE $HRB $COUP $AVAV $VRA $DLTH $FRED $AOBC $CLDR $MCC $FRAN $HQY $CMD)
    [​IMG]
    [​IMG]

    Broadcom Limited $271.56
    [​IMG]Broadcom Limited (AVGO) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 6, 2017. The consensus earnings estimate is $4.52 per share on revenue of $4.82 billion and the Earnings Whisper ® number is $4.61 per share. Investor sentiment going into the company's earnings release has 78% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 31.01% with revenue increasing by 16.54%. Short interest has increased by 21.4% since the company's last earnings release while the stock has drifted higher by 7.7% from its open following the earnings release to be 13.4% above its 200 day moving average of $239.54. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, November 20, 2017 there was some notable buying of 7,019 contracts of the $290.00 call expiring on Friday, December 15, 2017. Option traders are pricing in a 6.0% move on earnings and the stock has averaged a 4.2% move in recent quarters.
    [​IMG]

    Toll Brothers, Inc. $49.67
    [​IMG]Toll Brothers, Inc. (TOL) is confirmed to report earnings at approximately 2:50 AM ET on Tuesday, December 5, 2017. The consensus earnings estimate is $1.19 per share on revenue of $2.08 billion and the Earnings Whisper ® number is $1.21 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 77.61% with revenue increasing by 12.10%. Short interest has increased by 66.0% since the company's last earnings release while the stock has drifted higher by 31.4% from its open following the earnings release to be 26.1% above its 200 day moving average of $39.39. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 15, 2017 there was some notable buying of 2,215 contracts of the $48.00 call expiring on Friday, December 15, 2017. Option traders are pricing in a 6.1% move on earnings and the stock has averaged a 5.3% move in recent quarters.
    [​IMG]

    AutoZone, Inc. $678.40
    [​IMG]AutoZone, Inc. (AZO) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, December 5, 2017. The consensus earnings estimate is $9.80 per share on revenue of $2.54 billion and the Earnings Whisper ® number is $9.85 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 4.70% with revenue increasing by 2.92%. The stock has drifted higher by 19.6% from its open following the earnings release to be 10.7% above its 200 day moving average of $613.01. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, November 29, 2017 there was some notable buying of 1,334 contracts of the $730.00 call expiring on Friday, December 15, 2017. Option traders are pricing in a 8.0% move on earnings and the stock has averaged a 3.5% move in recent quarters.
    [​IMG]

    lululemon athletica inc. $67.22
    [​IMG]lululemon athletica inc. (LULU) is confirmed to report earnings at approximately 4:05 PM ET on Wednesday, December 6, 2017. The consensus earnings estimate is $0.52 per share on revenue of $611.68 million and the Earnings Whisper ® number is $0.55 per share. Investor sentiment going into the company's earnings release has 73% expecting an earnings beat The company's guidance was for earnings of $0.50 to $0.52 per share on revenue of $605.00 million to $615.00 million. Consensus estimates are for year-over-year earnings growth of 10.64% with revenue increasing by 12.36%. Short interest has increased by 4.5% since the company's last earnings release while the stock has drifted higher by 9.8% from its open following the earnings release to be 14.5% above its 200 day moving average of $58.69. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, November 29, 2017 there was some notable buying of 5,228 contracts of the $65.00 put and 1,624 contracts of the $68.00 call expiring on Friday, December 15, 2017. Option traders are pricing in a 9.9% move on earnings and the stock has averaged a 12.1% move in recent quarters.
    [​IMG]

    Dollar General Corporation $87.98
    [​IMG]Dollar General Corporation (DG) is confirmed to report earnings at approximately 6:55 AM ET on Thursday, December 7, 2017. The consensus earnings estimate is $0.94 per share on revenue of $5.80 billion and the Earnings Whisper ® number is $0.95 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 5.62% with revenue increasing by 9.02%. Short interest has decreased by 45.5% since the company's last earnings release while the stock has drifted higher by 21.4% from its open following the earnings release to be 16.6% above its 200 day moving average of $75.48. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, November 20, 2017 there was some notable buying of 6,027 contracts of the $95.00 call expiring on Friday, December 15, 2017. Option traders are pricing in a 6.7% move on earnings and the stock has averaged a 6.6% move in recent quarters.
    [​IMG]

    Veeva Systems Inc. $59.46
    [​IMG]Veeva Systems Inc. (VEEV) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, December 5, 2017. The consensus earnings estimate is $0.22 per share on revenue of $172.39 million and the Earnings Whisper ® number is $0.22 per share. Investor sentiment going into the company's earnings release has 83% expecting an earnings beat The company's guidance was for earnings of $0.21 to $0.22 per share on revenue of $171.00 million to $172.00 million. Consensus estimates are for year-over-year earnings growth of 4.76% with revenue increasing by 20.74%. The stock has drifted higher by 1.6% from its open following the earnings release to be 3.7% above its 200 day moving average of $57.33. Overall earnings estimates have been unchanged since the company's last earnings release. The stock has averaged a 8.8% move on earnings in recent quarters.
    [​IMG]

    American Eagle Outfitters, Inc. $15.66
    [​IMG]American Eagle Outfitters, Inc. (AEO) is confirmed to report earnings at approximately 5:00 AM ET on Wednesday, December 6, 2017. The consensus earnings estimate is $0.39 per share on revenue of $964.78 million and the Earnings Whisper ® number is $0.40 per share. Investor sentiment going into the company's earnings release has 62% expecting an earnings beat The company's guidance was for earnings of $0.36 to $0.38 per share. Consensus estimates are for earnings to decline year-over-year by 4.88% with revenue increasing by 2.57%. Short interest has decreased by 6.9% since the company's last earnings release while the stock has drifted higher by 24.3% from its open following the earnings release to be 20.5% above its 200 day moving average of $12.99. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, November 28, 2017 there was some notable buying of 2,053 contracts of the $20.00 call expiring on Friday, May 18, 2018. Option traders are pricing in a 12.5% move on earnings and the stock has averaged a 11.0% move in recent quarters.
    [​IMG]

    Gw Pharmaceuticals Plc Ads $122.95
    [​IMG]Gw Pharmaceuticals Plc Ads (GWPH) is confirmed to report earnings at approximately 7:00 AM ET on Monday, December 4, 2017. The consensus estimate is for a loss of $1.73 per share on revenue of $2.61 million and the Earnings Whisper ® number is ($1.59) per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 94.38% with revenue increasing by 21.06%. Short interest has increased by 21.2% since the company's last earnings release while the stock has drifted higher by 11.3% from its open following the earnings release to be 11.2% above its 200 day moving average of $110.58. Overall earnings estimates have been revised lower since the company's last earnings release. On Monday, October 23, 2017 there was some notable buying of 2,020 contracts of the $130.00 call expiring on Friday, January 19, 2018. The stock has averaged a 3.1% move on earnings in recent quarters.
    [​IMG]

    RH $101.97
    [​IMG]RH (RH) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, December 5, 2017. The consensus earnings estimate is $1.03 per share on revenue of $599.18 million and the Earnings Whisper ® number is $1.04 per share. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.80 per share on revenue of $575.00 million to $590.00 million. Consensus estimates are for year-over-year earnings growth of 442.11% with revenue increasing by 9.08%. Short interest has decreased by 21.7% since the company's last earnings release while the stock has drifted higher by 46.3% from its open following the earnings release to be 69.1% above its 200 day moving average of $60.32. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, November 16, 2017 there was some notable buying of 2,478 contracts of the $70.00 put expiring on Friday, December 8, 2017. Option traders are pricing in a 13.0% move on earnings and the stock has averaged a 31.6% move in recent quarters.
    [​IMG]

    Dave & Buster's Entertainment, Inc. $52.93
    [​IMG]Dave & Buster's Entertainment, Inc. (PLAY) is confirmed to report earnings at approximately 4:05 PM ET on Tuesday, December 5, 2017. The consensus earnings estimate is $0.25 per share and the Earnings Whisper ® number is $0.29 per share. Investor sentiment going into the company's earnings release has 74% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 336.90%. Short interest has increased by 11.5% since the company's last earnings release while the stock has drifted lower by 4.3% from its open following the earnings release to be 9.9% below its 200 day moving average of $58.76. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, November 30, 2017 there was some notable buying of 3,882 contracts of the $55.00 call expiring on Friday, January 19, 2018. The stock has averaged a 8.5% move on earnings in recent quarters.
    [​IMG]
     
  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    This map is finally useful, because it's finally not all green. In the middle right, it looks like CELG underperfomed other biotechs.

    How to play that HYG short? It only moves 0.3% a day. Write calls?
     
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  13. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Might be a buy the rumor, sell the news event. SPY 2600 was target for some with tax reform included.
     
  14. T0rm3nted

    T0rm3nted Moderator
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  15. bigbear0083

    bigbear0083 Content Manager
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    that's what i'm thinking too marcy ... i'll be really interested to see just how much of it has been baked into the cake now that it is "official" ... regardless though, we're now in one of the most bullish trading months of the entire year (december) ... with the SCR (santa claus rally) on deck.

    if we take out the ATH on the /es futures from thursday this week (which i thought was quite the excess high especially given that the ATH was made in the regular trading hours) then all bets are off! we could potentially see 2700ish by year end. only another 2% away from where we are now.
     
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  16. AverageJoesTrades

    AverageJoesTrades Active Member

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    futures trading higher on the ES1! - up to 2659.75.
     
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  17. T0rm3nted

    T0rm3nted Moderator
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  18. bigbear0083

    bigbear0083 Content Manager
    Staff Member

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    good morning!

    so with this morning's gap higher i take it that tax reform is now fully baked into the cake? :p

    wouldn't be surprised if we see some of this come off a bit later in the day or week at the very least
     
    stock1234 and OldFart like this.
  19. AverageJoesTrades

    AverageJoesTrades Active Member

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    still holding the $35 VXX puts from Friday - up another 27% for a total of 149%. Questioning an exit or letting them ride.
     
    OldFart likes this.
  20. OldFart

    OldFart Active Member

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    can't argue with profits...but that's just me
     

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