Options Supplement: June 8, 2016 Stocks continued their momentum today finishing higher for a third consecutive session. The S&P 500 tacked on .33% while the tech heavy Nasdaq continued to lag, gaining only .25% for the day. To say action was choppy today would probably be an understatement. Stocks swung back and forth between gains and […]
Options Supplement: June 7, 2016 It was the tale of two tapes today for stocks. From the open until the early afternoon, equities ground higher continuing their momentum from Monday’s strong close, and then the grind stopped, briefly paused, and headed right back down into the end of the day. As the bell rang to finish […]
Options Supplement: June 6, 2016 Stocks had a strong bounce back Monday after taking the weekend to digest Friday’s jobs report and its implications. The S&P 500 and Nasdaq both finished up close to .5%, and were comfortably green for nearly the entire day following early strength in oil (+2.3%). Janet Yellen had a scheduled speech […]
Options Supplement: June 5, 2016 What a stinker! Friday finished out a mostly flat week on a sour note. Stocks tumbled early and ended the day in the red after the monthly jobs report missed expectations by a wide margin.The S&P 500 lost .29% while the Nasdaq fared worse, finishing off .58%, but both were down […]
Options Supplement: June 2, 2016 Stocks closed higher today ahead of the monthly jobs report tomorrow morning. The S&P 500 finished up .28% after shrugging off some early weakness for the second consecutive day. Oil was trading down close to 2% this morning following a bearish inventory report out of the API last night but the […]
OTC: June 30, 2016 S&P 500/ SPY: The word “Brexit” is officially retired today as the most well advertised black swan event has been euthanized in 3 days. Totally wiping out the entire down move filling the gaps put the indexes back where they were and now traders have to wonder was that just another blip […]
OTC: June 29, 2016 S&P 500/ SPY: A trader just got back from vacation last week a day before the “Brexit” vote and looked at the market today “I guess I didn’t miss anything”. The 2 day ripping rally off the lows now has the indexes just about to enter the huge gap down […]
OTC: June 28, 2016 S&P 500/ SPY: A little more than a dead cat bounce has the market using one of it’s nine lives to try to re take the breakdown level caused by last’s weeks surprise sell off. The S&P being down over 100points coming into today traders can consider this a normal reaction […]
OTC: June 27, 2016 S&P 500/ SPY: The new week brings a continuation of the new reality of now pricing in the unknown. Political stress across the world has created a sell first and see what happens later market. The index charts were on the edge Friday and with room to fall under key […]
OTC: June 26, 2016 S&P 500/ SPY: When the markets put all their faith in the “bookies” of London its not a far leap to actual gambling.Traders 95% convinced of an outcome that was still in question by the polling put the market at the full one side extreme level setting it up for […]