HI Financial Services Mid-Week 03-24-2015
Trading is very competitive and you have to be able to handle getting your butt kicked. Paul Tudor Jones
Smart money vs Dumb Money thinking – I will blog my comments here tonight at www.myhurleyinvestment.com
What are the differences?
The only difference between smart money and dumb money is….. Time that they can wait for stocks to come back !!!!
Sometimes Smart money hedges better, “knows” they are trading a fundamentally sound company
Last week – spoke 2 people about LNCO
What’s happening this week and why?
Stock market can’t hold its gains !!! Why? Uncertainty still on Rates, Greece, Earnings, Economic Data, Strong Dollar,
Existing Home sales 4.88 vs est 4.90
CPI .2 vs est .2
Core CPI .2 vs est .1
FHHFA Housing Price index .3 vs est .8
New Home Sales 539 vs est 470
Price of oil may go up?!?!?!!!! HOW
Oil is lower per barrel today than 6 weeks ago and I am pay $2.39 vs 1.65 6 weeks ago
Where will our market end this week?
Go higher from here but not a whole lot 1%
DJIA – Rolling over and almost technically bearish
SPX – Ditto as the DJIA
COMP – Remains Bullish
Where Will the SPX end March 2015?
03-24-2015 March will finish flat with a 3.5% move down and back up
03-17-2015 March will finish flat with a 3.5% move down and back up
03-10-2015 March will finish flat with a 3.5% move down and back up
03-03-2015 March will finish flat with a 3.5% move down and back up
02-25-2015 March will finish flat with a 3.5% move down and back up
What is on tap for the rest of the week?=
Earnings:
Tues: DANG, FUL
Wed: APOL, FIVE, PVH, RHT
Thur: ACN, CAG, GME, RH
Fri: CCL
Econ Reports:
Tues: CPI, Core CPI, FHFA Housing Price Index, New Home Sales
Wed: MBA, Crude, Durable Goods, Durable ex-trans
Thur: Initial Claims, Continuing Claims,
Fri: GDP-3rd Est., GDP Deflator, Michigan Sentiment
Int’l:
Tues – DE:FR:EMU: PMI Composite
Wed – FR: Business Climate
Thurs – DE: Consumer Climate, GB: Retail Sales, EMU: M3 Money Supply
Friday –
Sunday – JP: Industrial Production
How I am looking to trade? Let me Show you what I changed and why?
Most of my stocks are thru earnings:
I have some stock only positions – DIS, NVDA, F, SBUX, D, LNCO, ZION, BABA
I have Protective puts on AAPL, CLDX
Still IN collars for – BIDU, FB,
Covered Calls on – VZ, WBA, SNDK, P
Bull Puts – DIS, NVDA, AAPL, BABA
Put Calendar – LNCO
AAPL Bear put calendar with long puts
1st I am creating my earnings list so I don’t miss an earnings for a company I trade
WBA – 03/24
PCLN – 02/19
NKE – 3/19
RHT – 3/26
MU- 4/2
Questions???
www.myhurleyinvestment.com = Blogsite
customerservice@hurleyinvestments.com = Email
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