Category Spread Trade

Protected: This Group Finds Itself Back at Relative Support

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Protected: New Industry Out-Performance Idea Presents Opportunity for Alpha

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Protected: Spread Trade Opportunity in Home Furnishings

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Airlines Continue to Out-Perform the Broader Market but is the Pace Set to Accelerate?

The chart below plots the ratio of the SPX vs. FAA (airline ETF). Note that this week the ratio is breaking below support line (1) and seemingly falling back into a channel whose bottom is defined by line (2). If the break is for real, the pace of the ratio’s decline could be set to […]

Time to Take Profits on Short AAPL / Long GOOG Spread Trade

On October 3rd, when it stood at ~0.88, we noted the ratio of AAPL vs. GOOG still had ~20% in additional downside (i.e., GOOG had the same amount of out-performance left vs. AAPL) until it hit noteworthy support. As of this post, the ratio now stands at 0.72, an 18% decline from our original post. […]

Protected: Spread Trade Opportunity in Basic Materials

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Protected: Euro Financials Have Beat the SPX by 30% Since Summer, Now What?

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