Options Supplement: April 18, 2016 Stocks edged closer to 52 week highs Monday as initial weakness in oil did little to slow down the bull’s momentum. The S&P 500 opened about .3% lower this morning but began to rally immediately and managed to finish on the highs of the session (and the month), up about […]
Options Supplement: April 17, 2016 Friday was a quiet ending to the first week of earnings season. Stocks finished marginally lower as oil dropped before the critical meeting in Doha over the weekend. The S&P 500 finished down .1% and the Nasdaq closed off .15% but both finished comfortably higher for the week, led by […]
Options Supplement: April 14, 2016 Thursday was a quiet day of trading as stocks took a breather following yesterday’s triple digit rally. The S&P 500 and Nasdaq finished flat after a light volume and low participation session. Oil was in a tight range for the day and may be again tomorrow as traders look towards the […]
Options Supplement: April 13, 2016 Wednesday was a risk on day for equities as all the major moving averages finished up 1% or greater. Following yesterday’s bullish reversal, stocks gapped higher and stayed up, closing very near their highs of the session, and continued their ascent towards 52 week highs. Financials were a highlight today […]
Options Supplement: April 12, 2016 Stocks took their cue from oil today as a mid-morning headline reporting an oil freeze agreement sent crude rocketing higher and the averages in tow. The S&P 500 and Dow both finished up nearly 1% after briefly going red during morning trading and to say most of those gains were […]
Options Supplement: April 11, 2016 Stocks followed Friday’s blueprint on Monday, gapping higher off the open and fading during the afternoon. The S&P 500, Dow and Nasdaq each opened up close to .5% and headed higher early, following early gains in Europe and continued buying in oil (+1.6%), but similar to Friday, sellers stepped in […]
Options Supplement: April 10, 2016 Stocks threw another curveball Friday, doing their best to keep traders off balance and paying homage to the beginning of baseball season. The S&P 500, Nasdaq and Dow all opened up .5% after Thursday’s sharp selloff and were nearly 1% green during morning trading following early gains in Europe and […]
Options Supplement: April 7, 2016 Stocks threw traders a curveball today, opening lower and selling off for a majority of the day, after a large reversal to the upside yesterday. The S&P 500, Nasdaq and Dow all finished down 1% or greater, erasing yesterday’s gains and in the case of the SPY, possibly doing some […]
Options Supplement: April 6, 2016 Stocks showed their resiliency once again today, erasing yesterday’s losses and then some. The S&P 500 finished up 1% on the heels of a large rally in oil (+5%) and the Nasdaq added 1.5%, helped out by a strong showing in biotechnology names (IBB +6%). As has been the case […]
Options Supplement: April 5, 2016 Stocks were battered Tuesday, suffering one of their worst days in a month following heavy selling in Europe. The S&P 500 and the Nasdaq both finished off about 1% as major European averages saw losses in excess of 2%. Averages opened down and stayed down, closing near their lows as […]