OTC: September 29, 2016 By Steve Smith SPX/SPY: Wil was a big driver of yesterday’s rally but today’s follow-through higher for oil USO {see chart below} did not translate into higher stocks. The energy sector took a back seat to the financials when another mini panic in Deutsche Bank DB shares as news that major hedge funds […]
Question Marks September 30, 2016 Videos/Charts (click to view) Morning Call: September 30, 2016 Daily Recap: September 29, 2016 By Scott J. Redler We’re seeing red arrows around the world as we close out the quarter. Europe is off as the heat gets turned up on Deutsche Bank, with the DAX -1.0% […]
Quant Edge: September 30, 2016
OTC: February 25, 2016 S&P 500/ SPY: After yesterday’s strong reversal the 195 level was just begging to be breached and now it has as this 3rd time try puts us above it and into a higher range with 200 the next target. Oil’s rally helped as maybe that will avoid testing its old […]
Options Supplement: February 29, 2016 The last trading day of February went out with a whimper with the S&P, Nasdaq and Dow all dropping into the close. The SPY closed at 193.65 on the first trading day of the month and finished today at 193.32, down about .75% for the day and .15% for February. […]
Options Supplement: February 28, 2016 Friday was a quiet day of action after a productive week for the bulls. The S&P, Dow and Nasdaq finished down marginally after mostly listless trading but each ended the week up over 1.5%, the second week of gains in a row. We looked to be shaping up for some […]
Options Supplement: February 24, 2016 Markets went on a rollercoaster ride today, swinging from deep red to finish up triple digits. The open followed Europe and oil down and was a nice continuation from yesterday’s weak close. The SPY found some buyers down at 190 after closing a gap from last week and once Europe […]
Options Supplement: February 23, 2016 If you were to flip yesterday’s SPY chart upside down you would get a perfect picture of today’s action. The SPY opened down, stayed down, and finished down 1.35%, erasing just about all of yesterday’s gains and seemingly confirming a temporary top at 195. The usual culprits (oil, Europe) are […]
Options Supplement: February 22, 2016 Bulls kept the momentum rolling Monday, sending averages higher for the fourth time out of the last six. The S&P finished up nearly 1.5% following cues from Europe and oil yet again. It’s remarkable how strong the correlation is between these markets right now and each time it looks like […]
Options Supplement: February 21, 2016 Friday closed out a productive week for bulls in relatively quiet fashion. The S&P finished just about flat and the Nasdaq eked out a small gain. Overall for the week the S&P and Nasdaq added 3% and 3.7% respectively, marking the best weekly gain since November. It seems the rally […]