OTC: March 3, 2016 S&P 500/ SPY: Like a magnet the 200 level drew the market ever higher and closed it right there. This makes predicting the next move nearly impossible with unemployment out tomorrow which has a history of producing large swings.The move to get here played out nicely since clearing the 195 level […]
OTC: March 02, 2016 S&P 500/ SPY: The chart says follow thru to the upside towards the 200 level and that is what happened today. That is the reason we will go with today as all the other ones that are usually used depending on direction are getting overused. This being a slower day […]
Options Supplement: March 1, 2016 The first trading day of March was just what the doctor ordered for the bulls after yesterday’s weak action. The S&P and Nasdaq both trumped February’s massive opening rally, finishing up 2.4% and 3.25% respectively, with the S&P setting a record for best start to the month ever. Other than […]
OTC: March 01, 2016 S&P 500/ SPY: A Super rally on Super Tuesday as Trump would say it was the “best” rally. The start of a new month trumped the failed breakout and reversal at 195 yesterday that should have had us trending lower. The overnight rally in Europe and early economic numbers voted […]
Options Supplement: September 28, 2016 By Daniel Darrow Stocks swung back and forth between gains and losses today but finished green following a big rally in oil. The S&P 500 ended the session up .53% while the Nasdaq fared slightly worse, closing up only .24%. The story of the day was oil and the ongoing […]
OTC: September 28, 2016 By Steve Smith SPX/SPY: A surprise possible major OPEC deal sent oil flying late in the day with USO up 5% and the energy stocks that make up a large weighting in the S&P index screaming higher taking the entire stock market up. A combination of short covering from the last […]
Oily Dressing September 29, 2016 Videos/Charts (click to view) Morning Call: September 29, 2016 Companion Charts: September 29, 2016 Daily Recap: September 28, 2016 By Scott J. Redler We have mostly green arrows around the world after oil surged 5% on an OPEC production cut, though details remain scarce. Europe is broadly higher […]
Quant Edge: September 29, 2016
Options Supplement: September 27, 2016 By Daniel Darrow Stocks bounced today after uneasiness over the first presidential debate subsided. The S&P 500snapped back to finish up .64% on the session while the Nasdaq just missed a 1% gain, endingthe day higher by .92%. Early this morning, averages appeared set to open green following last night’s […]
OTC: September 27, 2016 By Steve Smith SPX/SPY: The market is playing the election game with a vote for Clinton and the status quo as being much more preferable {bullish} than a complete unknown in Trump. Theovernight rally fizzled back down once attention turned back towards Deutsche Bank DB problems as the financials came under immediate […]