Options Supplement: February 18, 2016 The markets took a breather today after a blistering three day rally. Action was choppy with lighter volume as the S&P finished down about .4% and the Nasdaq off 1%. It looked like we were set to continue our run early with oil green and Europe up for the day […]
Options Supplement: February 17, 2016 As the Wall Street saying goes, “the markets do whatever they have to do to frustrate the most people”. Today was another substantial green day in the markets with the S&P finishing up 1.6% and the Nasdaq closing 2.25% higher. Oil and Europe picked up the reigns after taking a […]
Options Supplement: February 16, 2016 Tuesday was a strong follow through from Friday’s action with the S&P tacking on another 1.5% and further distancing ourselves from Thursday’s lows, which continue to look more and more like a double bottom. World averages had a nice day Monday when our markets were closed and overnight China joined […]
Options Supplement: February 15, 2016 US markets had a strong bounce back Friday, continuing the momentum from Thursday’s OPEC related rally. Friday completed the sweep for the week that witnessed 5 straight days of at least .5% moves off the open. The S&P finished up about 2% and the beaten up Nasdaq gained 1.5% as […]
Options Supplement: February 11, 2016 Déjà vu. Today certainly seemed reminiscent of January’s trading action. Global route-check. Oil route-check. S&P futures down massive premarket-check. It’s strange that we could be used to a 1.5% gap lower to start a day but it feels like we are. People piled into protection early (VIX up 8%, GLD […]
Options Supplement: February 10, 2016 The markets today delivered a second day of choppy trading making sure to get bulls and bears equally confused. We looked to be setting up for a solid day early as Europe was green and oil was flat following a bearish API inventory number. But testimony by Janet Yellen failed […]
Options Supplement: February 9, 2016 Action was very choppy today as the averages swung back and forth multiple times between steep losses and gains. The S&P, Dow and Nasdaq all finished mostly flat but that definitely does not tell the tale of the tape. The open looked to be shaping up very similar to yesterday […]
Options Supplement: February 8, 2016 Markets today picked up right where Friday left off. Selling started early, following Europe’s lead, and continued throughout most of the day with the QQQ’s putting in a new low for 2016 and the SPY taking out significant support at 187. A late bounce showed some life but for the […]
Options Supplement: February 7, 2016 Friday closed on a rather weak note, capping a busy week in the markets that saw the S&P lose nearly 3% and the Nasdaq shed over 5.5%. The jobs number was poor, coming in at 151,000 versus the 190,000 estimate, but that was only partially the reason for Friday’s weakness. […]
Options Supplement: February 4, 2016 Today the averages took a much needed break. After a triple digit loss Tuesday and a triple digit gain Wednesday, the S&P closed mostly flat after a choppy trading day. Oil had another roller coaster day finishing down over 2% but once again dictated early action in the averages. It […]