Options Supplement: April 4, 2016 Stocks finished lower Monday, unable to continue the positive momentum from the first trading day of April. The S&P 500 closed down about .3% while the tech heavy Nasdaq closed off just under .4%. Oil was a drag on stocks today as it started the week in the red over […]
OTC: April 28, 2016 S&P 500/ SPY: When does doing nothing mean something? When the Bank of Japan does it. The Fed yesterday did not change anything and that was expected while the Bank of Japan did not change anything and that was not expected. They wanted more stimulus, QE ,free money but they […]
OTC: April 27, 2016 S&P 500/ SPY: The Fed always creates out sized market moves as traders fret about the course of monetary policy and get all worked up waiting days before and then decide that minute after the release to trade a lot. Today saw a rebound of almost 20 S&P points from […]
OTC: April 26, 2016 S&P 500/ SPY: This may not be what everyone was waiting for especially the bulls as AAPLearnings have put life into the downside starting tomorrow. The damage is being done now as the after hours selling is showing no mercy for anything related to the phone giant. This will put […]
OTC: April 25, 2016 S&P 500/ SPY: There was a good amount of selling this morning but no levels that would exacerbate the move down were broken and by the end of the day indexes found themselves heading back towards unchanged. The week ahead looks like a big one and today was reflective of […]
OTC: April 24, 2016 S&P 500/ SPY: The market last week was on track to test the all time highs and it seemed like nothing would stop that until the barrage of bad earnings towards the end of the week caused the indexes to retreat with the Nasdaq QQQ taking on the brunt of […]
OTC: April 21, 2016 S&P 500/ SPY: Today was a down day which is something new but it is really what will happen tomorrow that will dictate the charts of the indexes. Earnings have been coming out and causing some big gaps but today’s after market feels much more panicky as some of the […]
OTC: April 20, 2016 S&P 500/ SPY: The very resilient march higher for the market continued today although we saw a bit of selling by the close. There was a switch back to the old risk on type assets shift as the bonds TLT {see chart below} gold and yen all sold down while oil […]
OTC: April 19, 2016 S&P 500/ SPY: Upside follow thru this morning with a larger than recent midday sell off gave a sense of subdued panic as traders are not used to any dips over 10 S & P points and lasting more than an hour. Sector rotation was more pronounced today as earnings […]
OTC: April 18, 2016 S&P 500/ SPY: The big oil scare overnight became a big buying opportunity for both the oil and the stock market. The oil sold down 7% on the reaction to a no deal on production decrease but ended up closing near unchanged today. This caused any overnight losses in the […]