Another pair trade. Correlation between the two stock is about 90 %. Im long PUK ( orange) short AEL(blue).....
Correlation between these two stock is about 93 %. We can clearly see a divergence( spread of about $14) between the two . I'm LONG SLF ( orange) and SHORT TK( blue).
I'm shorting this one, with a P/E ration of 651, that is just ridiculous....
Interesting bullish formation on SH. With everything going on in Europe, I think this trade might make a little profit. We shall see
Correlation between the ETF is about 95 % . We can see clearly on this daily chart that there 's some divergence. EWT ( blue) seems to be the weaker ETF compare to EWW(orange). In this case I'm shorting EWW and long EWT. Will exit once the ratio is closer to the mean.
Here's a great opportunity buy a great stock, with good management. Yes, they just missing earning, and the new Kindle fire is burning money. But management will turn this around. Mr Jeff Bezos made Amazon.com a success story, by ignoring Wall Street expectation. The company has no debt and plenty of cash. Stock went at low as 184.59 this afternoon. It currently...