Options Supplement: June 9, 2016 Stocks hit a speed bump today after a strong start to the week. The S&P 500 finished down .17% but was off over .5% intraday before finding some buyers in the afternoon. The Nasdaq finished lower as well, off .32%, and continues to act weaker compared to the other averages. Oil […]
OTC: June 8, 2016 S&P 500/ SPY: The dollar is the main mover this week which has been falling since last Friday’s surprise employment report causing a huge rally in commodities like gold,grains and oil another new high today. The stock market in the past has not responded bullishly to a lower dollar as it […]
OTC: June 7, 2016 S&P 500/ SPY: The SPY making new highs today with very little excitement as the Nasdaq index did not want to follow and kept the overall mood subdued towards selling. Oil saw a new high above $50which gave the SPY good support with energy stocks very strong unfortunately knocking us out […]
OTC: June 5, 2016 S&P 500/ SPY: The Fed is as bad as anyone trying to guess what the economy is going to do after saying the June rate hike is almost a sure thing now a total surprise hits on Friday as the weakest Employment report in 6 years kills any chance of […]
OTC: June 2, 2016 S&P 500/ SPY: Sell in the morning then buy towards all time highs 30 minutes later seems to be the latest pattern. The OPEC meeting hit oil early fueling the initial selloff but closing back unchanged at the 49 level helped bulls regain confidence. Draghi tried to talk the euro […]
Options Supplement: June 1 2016 The first trading day of June ended how many did in May: slightly higher on light volume. The S&P 500 bounced back from yesterday’s drop to finish up .11% while the Nasdaq lost some momentum into the close but was able to finish higher by .08%, extending its winning streak […]
OTC: June 1, 2016 S&P 500/ SPY: Waking up to a lower market so close to historical highs makes it feel like a big down day is ahead but when you look at the chart there was barely a test of the recent breakout levels. Then it was back to normal as the market […]
Options Supplement: July 6 2016 Buyers returned to stocks today sending averages higher for the 5th time out of the last 6. The S&P 500 finished up .54% while the Nasdaq fared better, ending up .75%. Things didn’t look so rosy early this morning however as European averages were sitting on 1-2% losses and oil […]
Options Supplement: July 31, 2016 By Daniel Darrow Stocks finished the busy month of July on a slightly positive note. The S&P 500 broke its long streak of alternating gains and losses Friday, ending the day up .16% to mark the second consecutive day of gains, while the Nasdaq continued to benefit from strong tech […]
Options Supplement: July 28, 2016 By Daniel Darrow Earnings season is humming along but stocks are stuck in a rut. The S&P 500 bounced back from yesterday’s drop to finish up .16% and has now alternated gains/losses on 11 consecutive days. The S&P has been range bound for the better portion of July and oil […]