$ORCL Fade The News Idea
Oracle shares rise on better-than-expected earnings report - CNBC
My thought process on this idea is the following:
1) 10yr yield @ 3.33
2) Strong dollar
3) Fed potentially raising .75 basis points, according to J.P. Morgan.
Risk/Reward and environment is to the downside. If NASDAQ catches a bid and dollar/yields cool off, this may be a nice long. As of right now, it is a short the rip environment.
My thought process on this idea is the following:
1) 10yr yield @ 3.33
2) Strong dollar
3) Fed potentially raising .75 basis points, according to J.P. Morgan.
Risk/Reward and environment is to the downside. If NASDAQ catches a bid and dollar/yields cool off, this may be a nice long. As of right now, it is a short the rip environment.
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