Tag Archive for 'ISRG'

I told you so :-)

Published on April 16, 2010, 8:47 pm in Trading. 1 Comment Tags: , , , , , , , .

We’ve been looking for an excuse to correct this market and today we found one. If the market indicators weren’t on sell signals already, maybe the market wouldn’t have reacted to GS so badly. It’s not just banks that went down today. Either way, I suspect no more campaign contributions for this administration from GS. I’m also gonna venture that GS bought its own April puts ahead of the news and will report a stellar quarter next week. GS volume was 7 times above its average trading.

Other good news today: Unemployment rises in 24 states in March according to the Labor Dept. All the big earnings report companies sucked, but not as bad as GS’s surprise: GOOG BAC GE ISRG were all down big.

For the week the Dow ends up .19%, the S&P down .18%, NYSE down .57%, the Russell up 1.7% and Nasdaq Composite up 1.1%. So the high beta stocks are still doing okay, but the blue chips suffered. I expect next week to be down for the small caps.

Should Small Investors Jump Into Stocks?

And oh yes, the SPY puts, VIX calls and TZA did their jobs today!

  • Share/Bookmark

Giddy + Frothy = Stock Market

Published on April 15, 2010, 10:43 pm in Opinions and Trading. Closed Tags: , , , , , .

This bullishness (or is that bullshitness) is making me sick. C’mon people, we are not in that great of shape. Did you see initial jobless claims ticked up along with continuing claims? Of course now that unemployment has been extended another year, there should be a lot more liquidity now available for the market! :mrgreen:

Both ISRG and GOOG had earnings reports this afternoon and are getting snipped afterhours. GOOG was down over $30 from the day’s highs while ISRG was down $13. I’m expecting QQQQ puts and SPY puts should work out well tomorrow….along with the GOOG puts of course. Futures are already moving to the downside….we’ll just have to see how far. BAC and GE report in the morning, so maybe that will be the frosting on this cake. Housing Starts and Consumer Sentiment get reported tomorrow as well.

Remember, it’s options expiration Friday….do you know your options? :D

  • Share/Bookmark