COP update

Unfortunately for bulls of the stock, the worst case of the 3-step scenario unfolded and has already priced in the entire technical downside we charted it.

I see 2 problems from here:
1) Oil seems to have reset into a lower range
2) Markets are at all time highs
So... from here COP has a lot of work and highly unlikely it can recover 48+

CHART

--
Nic

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Note about Jobs and stocks

I was asked: "Can you explain the influence of the ADP report?"

My interpretation:
The strong report told us that the JOBs in US are stronger than anticipated so FED/Yellen will fear labor inflation.
So she:
>1) is for ...

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FXI technical setup trade - Was An Easy Win

In January, I shared a FXI trade and for those who took it it's an easy win. I'd book it.

Here was the trade

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UAA Question

I have a friend asking if it's time to catch this falling machete: UAA.

They recently told Wall Street something and traders hated it. Luckily, I had already warned us about the possibility.

So, IS IT TIME TO CATCH ...

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Update on President Trump Headline Risk

We've noted that markets will be more Trump-dependent than Fed. Well here is something to ponder. This by no means is a political statement from me.

This is my attempt at gauging how traders will react Monday on the ...

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Earnings tonight

We have huge market cap potentially moving overnight and into the open.

Here is a list of who is reporting. Be careful as the short term reactions to earnings has nothing to do with fundamentals or the quality of the ...

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Autozone (AZO) opportunity

I forgot to congratulate those who took the AZO trade from 1/13. It is a HUGE win thanks to a headline that AMZN could enter the arena and compete.

I had two versions written up:

* Feb 750/760 debit ...

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Earnings for the week ending 01/24/2017

Here are the companies reporting this week


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Micron (MU) - Update and Hunch trade

The bearish hunch that I shared with you last week paid out fast. I usually like booking some profits if it's a large bet. But I still like the trade. MU needs to hold or invite more sellers.

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Goldman Sachs (GS) Update on this downgrade from CITI

Today GS got a downgrade to a SELL from Citi. They rarely do that. So at -1% it seems like a buy-able dip on this quality company, BUT.... This small dip is minuscule compared to the run up GS has ...

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RBC explains that potential Pension Rebalancing to happen this week

Recently, I noted that CNBC's Art Cashin said that here will be a giant sell order for pension re-balancing this week.

Here is a write up that I found that sheds more light on it.

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Syria per Nassim Taleb

Here how the guy that coined the term "black swan" explains the situation in Syria.

This is not my political view but I found it to easily explain a struggle that is in the news on a daily basis.

"Juxtaposition ...

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