Market 2018-02-09 (A Long Week...)

Market bounces back in a choppy way (W shape). All three indices finishes strong today after a crazy week.

Now everybody is talking about the rising treasury yields. However, 10-yr treasury 2.857% has little change today (in a narrow range 2.79~2.86%). Even for the whole week, 10-yr treasury stays in the range 2.72~2.89%. Well, rising yields may have triggered the correction, But the high frequency trading (HFT) probably play a bigger role than you think. HFT loves high volatility so that they earn money from panic sellers. Compared to relatively quiet bond market, we have experienced storms in equity market --- Dow Jones drops more than 1000 points twice; more than 500 points three times. For the week, all three indices have dropped -5.2%.

Commodities: Crude -3.19% to $59.20. Gold -0.2% to $1,316.40.

For next week, I think it will probably be less dramatic, but still volatile.

Winners

NVDA +6.7%. No need to say more after the earnings: great company, great products, solid balance sheet, huge potential. AMAT +5.1%, LRCX +2.2%...

FEYE +9.3% after ER beats and Susquehanna upgrades.

YY 5.8%, MOMO +4.8%, along with other Chinese Tech companies bounce back.

SKX +7.5% after great ER, NKE +4.8%.

MAT +7.9% after the company appoints Ynon Kreiz as non-executive chairman of the Mattel board. Kreiz has deep expertise across digital, media and entertainment.

Losers

UPS -2.6%, FDX -1.6%, both drop after Amazon (AMZN -0.8%) plans to run a delivery service. Amazon is expected to roll out the service in the next couple of weeks with third-party merchants that sell good off its site, starting from LA. UPS has been long-time partner with Amazon. The Amazon fear has created some buying opportunities: for instance, COST and KR after Wholefoods acquisition, CVS after medicine business rumor, also health insurers....

ESRX -2.2%, I don't know the reason yet.

EXPE -15.5% plummets after ER misses. PCLN -2.3%.

My Trades Today


  • Sold MOMO (bought yesterday).
  • Day-trade TELL ($9.8 --> 10.2).

Comments

  1. UnknownFebruary 9, 2018 at 5:34 PM

    NVDA 垃圾call卖了50%的利润。刚开始做option, 各种尝试一下。SKX就捂着了。Matta有空看看ALGN。

    ReplyDelete
  2. UnknownFebruary 9, 2018 at 6:36 PM

    恭喜发财。不过option还是要谨慎。好的，我有空就做点ALGN的功课

    ReplyDelete

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