Options Supplement: January 31, 2016 As the old saying goes, January comes in like a lion and goes out like a lamb…well not really but it seems strangely appropriate right now. The S&P began a near historic January with a double digit selloff and closed the final trading day with a 2.5% rally, avoiding […]
Options Supplement: January 28, 2016 Action in the markets was choppy again today. For the better portion of a week, we have been consolidating around the increasingly important 190 level on the SPY. Intraday ranges have opened up the past two days but we have had trouble finding direction. Oil led us up early […]
OTC: January 31, 2016 S&P 500/ SPY Negative is positive. Japan joined the lets go to negative interest rates to get the economy and inflation going. The only thing inflating is world stock markets as people have no where to put their money that will make any yield in fact negative rates means you […]
OTC: January 28, 2016 S&P 500/ SPY Remember as a little kid you want to keep getting back on the roller coaster as soon as you get off? This one is named the 187 SPY.If you weren’t queasy after yesterdays ride and didn’t eat a large breakfast today you get on 187 again and […]
OTC: January 27, 2016 S&P 500/ SPY The most important fed decision ever..well that’s what they always say but this one actually wasn’t as the expectations were exactly what they did..nothing. They did see weakness going forward and also said they could raise in March which makes things very confusing and the unknown equals […]
OTC: January 26, 2016 S&P 500/ SPY China down over 6% is a good reason to have a huge up day huh? The futures this morning were ready to take us down 20 points in SPX which made sense but by the opening cooler heads prevailed and the market started higher and did not look […]
OTC: January 25, 2016 S&P 500/ SPY The pause that refreshes? After the 100 point rebound for the S&P and 700 Dow points the market took a rest today and got back to near the 187 level that is the clear swing point now.Looking at the day in isolation it seems like a big down […]
OTC: January 24, 2016 S&P 500/ SPY The 182 level has held the 3rd time and with SPY gapping back into the old 187-195 range it seems like that will be the low for this move. The only question will be how long it stays in here now until it shows the next direction. Traders […]
OTC: January 21, 2016 S&P 500/ SPY The 182 level has held the 3rd time and with SPY gapping back into the old 187-195 range it seems like that will be the low for this move. The only question will be how long it stays in here now until it shows the next direction. Traders […]
OTC: January 19, 2016 New Year Resolutions have shifted from buy the dip to sell the rip. S&P 500/ SPY is down 8.8% down for the worst two week start to any year. Ever.The bears are once again rubbing there hands in anticipation of the big one and that the Fed will reap what it has sown. […]