Options Supplement: May 5, 2016 Stocks had a mixed day today as traders sat tight before the monthly jobs number due out tomorrow morning. The S&P 500 and Nasdaq both were unable to hold onto early gains and finished flat and down .2% respectively. Stocks got an early boost from oil which was up nearly […]
Options Supplement: May 3, 2016 The second trading day of May couldn’t have been any different than the first. Stocks gapped down and stayed down, erasing yesterday’s gains and resuming the weakness from last week. The S&P 500 and the Nasdaq both finished down about .9% on pretty broad based selling. Europe and Japan weighed […]
Options Supplement: May 31, 2016 The final trading day of May was a choppy one as stocks alternated between gains and losses and averages finished mixed. The S&P 500 ended down .1%, led lower by weakness in oil (-.81%), and was actually off nearly .5% during the afternoon before a late day run helped pare […]
Options Supplement: May 2, 2016 “Sell in May and go away” will have to wait another day. The first trading day of May was a strong bounce back for stocks after last week’s drop. The S&P 500 finished up about .75% while the beaten up Nasdaq managed to close higher by .9%. European markets were […]
OTC: May 31, 2016 S&P 500/ SPY: The end of the month caused a bit of volatility towards the end of a day that started with the upside follow thru that was expected but turned into a sell off testing last weeks breakout points and then ending on some buying back near unchanged. The […]
OTC: May 30, 2016 S&P 500/ SPY: Time to finish the last hot dogs after a long weekend and get ready for some upside follow thru to start the summer. The market last week closed out on the highs tipping some chart points even with the notion Yellen confirmed that rates will be raised. […]
OTC: May 26, 2016 S&P 500/ SPY: A day of rest for a market that has seen a large one way move up is healthy and well deserved. Oil above 50 was new to the eyes and considered a bull factor as it could signal a stronger economy. That is good in theory but […]
OTC: May 25, 2016 S&P 500/ SPY: The buying continued today as traders now are starting to like the idea of a rate rise and with oil about to hit $50 and bonds falling it just might happen and not be a bearish outcome. The charts got that memo last week on the failed […]
OTC: May 24, 2016 S&P 500/ SPY: The slow day yesterday must have jolted everyone awake today as the indexes shot up and never looked back. The set up was there for this after the lows held and reversed last week and with traders ignoring individual stock earnings mishaps and hawkish fed speak it was […]
OTC: May 23, 2016 S&P 500/ SPY: It was only Monday and it feels like traders are ready for the long weekend as market movement ground to a halt. Charts of the indexes being right in the middle of the recent range will need a push before the official summer kickoff maybe coming from Yellen […]