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All posts by Michael Comeau

T3’s Take 3: An Amazonian Earnings Wave Hits the Market!

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1) Tech Rally Caps Tech stocks rallied today ahead of a monster night of earnings. The Nasdaq Composite made a new all-time high today at 6050.70 before closing at 6048.34, putting it up 0.4% on the day. That marks the third record Nasdaq high in a row. Amazon.com (AMZN), Intel (INTC), Google (GOOGL), and Microsoft […]

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Weekly Sentiment Update: The Bears Are Disappearing!

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Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. Neither side ever provides real evidence of their views. But let’s look at the actual numbers to see how the crowd actually feels. Last week, traders were undeniably bearish. Specifically, they were loading up on put options like there was no tomorrow, which provided a ton of […]

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T3’s Take 3: Uncle Russell Is Still Running, Trump Tax Plan Unveiled

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1) The Tax Plan This afternoon, the Trump administration released details of its long-awaited tax plan. One key component of the huge post-election rally has been the expectation of pro-growth tax reforms, and Treasury Secretary Steve Mnuchin and National Economic Director Gary Cohn finally gave us the administration’s proposal. Under Trump’s plan, the top individual tax rate […]

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T3’s Take 3: Uncle Russell, Cousin Naz Hit Record Highs

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Before we kick off, a fitting tune for today… 1) Positive Vibes Spread Markets took off like a rocket yesterday on Sunday’s French Presidential election results, and the positive vibes continued today. European equities markets were only slightly positive, but US markets showed pretty decent momentum. The Russell 2000 and Nasdaq Composite both made new […]

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Snap Options Idea Update

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On April 18, I presented a possible options idea in Snap (SNAP): I think SNAP’s options for the week of earnings (week of 5/12), with implied volatility around 71%, are undervalued relative to the week after. So here’s one possible trade to consider: -Buy $21 straddle for $3.10 (May 12 expiration) -Sell $21 straddle for […]

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5 Sentiment Indicators You Need to Know About

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Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. Most of the time, neither actually gives evidence for their views. That’s why we started T3 Live’s Weekly Sentiment Update. Our Weekly Sentiment Update eliminates opinions, feelings, hunches, and preconceived notions. That lets us strictly focus on the numbers and get a more accurate […]

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T3’s Take 3: The French Fry the Bears on Election Results

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1) French Election Results World markets were in a lovely mood today, courtesy of the first round of the French Presidential Election. Emmanuel Macron scored a victory and is in the driver’s seat to win the May 7 runoff against far-right populist Marine Le Pen. Among other controversial policies, Le Pen supports a vote for […]

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French Fried Bears: They’re What’s for Dinner!

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The market is certainly pleased with the first round of the French Presidential Election. Emmanuel Macron scored a victory and is apparently in the driver’s seat to win the May 7 runoff against far-right populist Marine Le Pen. Le Pen supports a vote for a French exit of the election, and assuming Macron wins, a so-called “Frexit” […]

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T3’s Take 3: Stocks Take a Break Ahead of the French Election

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1) French Election in Focus The market went back into snooze model today ahead of the first round of the French Presidential election this morning. Some traders are fearful that far-right populist candidate Marine Le Pen could defy the polls and score a victory this weekend. Le Pen supports France leaving the European Union, which inject […]

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T3’s Take 3: Banks Smash Those Put Lovin’ Bears

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1) Thank You  Bank of Japan Governor Kuroda told Bloomberg News today that the bank would maintain its current pace of asset purchases for some time. Kuroda added that the BoJ isn’t even close to hitting its 2% inflation goal. The news sent the yen — a key safety asset — down sharply, which in […]

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