7.30.13: Yen Needs to Weaken

  Here is a longer term look at the Yen chart, which has strengthened further this week, and sent the Nikkei down 3% Sunday night. We are still long our DXJ and EWJ, although the trades have lagged since we … Continued

7.18.13: Intuitive Surgical

  ISRG held their regularly scheduled earnings call tonight and the news continued to be bad. Revenue guidance was cut from flat to 7% for FY ’13, which is well below historical growth rate. The stock is going to need … Continued