Nicholas Vardy
A Crock of Profits
Stocks enjoyed a solid bounce Friday morning, as news of a Greek-debt compromise heartened investors. As a result of Friday’s gains, the markets technically avoided extending the recent sell-off to seven consecutive weeks. But it sure didn’t feel like it, as the overall mood remains uncertain. The performance of your Bull Market Alert portfolio for […]
Sell Your Options in Novo Nordisk
With the market rallying sharply yesterday, and our Danish biotech play rallying 1.9%, you enjoyed partial recovery in the value of your $120 June Novo Nordisk call options (NVO110618C00120000). Because “implied volatility” is such a big component in the value of these options, I am recommending that you sell your options here. Now, it’s going […]
A Slow and Painful Grind…
Global stock markets can’t seem to catch a break. After six straight down days, the markets rallied last Thursday, only to give back their gains with a sharp drop on Friday. With the market down a whopping six weeks in a row, this is the longest negative stretch for the Dow Jones Industrials since 2002 […]
A Volatile Week Leads to “Whipsawed” Positions
“What a difference a day makes.” — Or as in the case of global markets recently, what a difference a week makes. The healthy gains your portfolio saw just one week ago have all but evaporated, thanks to a swift downturn in global market sentiment. All major U.S. indices ended down again last week as […]
Bull Takes a Breather
The major U.S. indexes ended down for the week, as the S&P 500 extended its losing streak to five straight weeks. Overall, it was a tough May. The S&P 500 fell as much as 4% from its 52-week high before bouncing back during the last week to pare the month’s loss to 1.1%. The average […]
A Global Tide Lifts Many Markets
While Americans celebrated a long weekend remembering the great sacrifices and contributions made by its many fallen soldiers, the rest of the world’s markets were busy rallying. The U.S. market also rallied strongly on Tuesday as traders returned from their Memorial Day holiday. The International Monetary Fund’s (IMF) efforts to curb some of the damage […]