Options Supplement: March 29, 2016 Janet Yellen was the medicine stocks needed. Stocks took off higher this afternoon when Yellen stressed caution during her speech at the Economic Club of New York. Stocks had a listless morning, opening lower following weakness in oil and mixed markets in Europe, but turned on a dime at 12:20 […]
Options Supplement: March 28, 2016 Somebody forgot to tell traders that US markets were open today. Averages drifted around the unchanged mark for most of the day following the long weekend. The S&P finished slightly green (.1%) and the Nasdaq closed off marginally (-.15%), both on very light volume. With European markets closed on Monday […]
Options Supplement: March 23, 2016 Stocks snapped their winning streak yesterday and started a new losing streak today. The Teflon market finally saw some sustained selling and closed near lows of the session with the S&P finishing down .6% and the tech heavy Nasdaq off a little over 1%. Oil had its worst day in […]
Options Supplement: March 22, 2016 The S&P 500 and the Dow snapped their long winning streak today, finishing marginally lower on a second day of very light volume. It somehow feels appropriate to close down after such a sad day in Brussels. On news that there had been terror attacks early this morning, futures dropped […]
Options Supplement: March 20, 2016 Markets were in rally mode again Friday, capping off another strong week in US equities. The S&P 500 closed .4% higher and the Dow gained .65%, marking their 5th straight week of gains, and finishing at their best levels since late December. Dovishness from the Fed continued to be the […]
Options Supplement: March 17, 2016 The markets got in the St. Patrick’s day spirit today finishing nicely green for a second session in a row. A day after the Fed meeting, stocks continued to have a bid as traders focused on Yellen’s dovish rhetoric. The S&P finally was able to go green for 2016 – […]
Options Supplement: March 16, 2016 Like the ECB this past Thursday, the Fed gave markets what they wanted to hear today. Janet Yellen and company kept interest rates steady and cut their projected number of rate hikes this year from four to two. Among other things, stock market volatility and a weak global environment were […]
Options Supplement: March 15, 2016 Markets continued their pre-Fed drift today, closing mostly flat after another light volume session. Weakness in oil and European averages was shrugged off as traders were reluctant to make any serious moves before the interest rate policy decision tomorrow afternoon. The S&P closed off about .15% and the Nasdaq finished […]
Options Supplement: March 14, 2016 The daylight savings spring forward must have taken its toll on traders today. Averages drifted around the unchanged mark for most of the day on one of the lightest volume sessions of the year. Weakness in oil offset momentum from Friday’s close and gains in Europe. The S&P finished down […]
Options Supplement: March 10, 2016 Today was definitely one of those days that leave everybody scratching their head. Markets got just what they were hoping for this morning from the ECB – easing measures seemed to meet or exceed what most had expected – but that didn’t lead to the outcome most would have anticipated. […]