OTC: July 12, 2016 S&P 500/ SPY: Today saw a big money shift as the stock market followed thru strongly and the safety assets all sold down. The “risk” on trade was alive with oil USO holding its buy level that we saw on yesterday’s chart up near 5% and copper JJC +3.5% bucking the […]
OTC: July 11, 2016 S&P 500/ SPY: The market pushed into uncharted territory today making new all time highs. This comes with the backdrop of world where growth is being questioned driving never before seen negative interest rates.Stocks have also separated itself from Oil USO {see chart below} which has weakened back to big […]
OTC: July 10, 2016 S&P 500/ SPY: The market finds itself 8 close S&P points from all time highs coming into the new week after taking the long “Brexit ” 130 point detour. They call this a V rebound on the chart and it was fast with 2 big overnight gaps giving even bulls who […]
OTC: July 7, 2016 S&P 500/ SPY: Oil USO was back in the cross hairs today after the weekly inventory report was construed as bearish and being near the highs of 50 there was no room for any bearish impetus promptly selling off 5%.The stock market has been less connected to oil recently but this move […]
OTC: July 6, 2016 S&P 500/ SPY: The British Pound continued its collapse last night causing a follow thru lower opening today which was met with good buying leading to a much higher close. This puts us back on the upward track heading into the Employment report on Friday. The fed minutes today did […]
OTC: July 5, 2016 S&P 500/ SPY: The reality of why interest rates have plummeted set in after the long weekend causing a big gap down and a well needed break to the vertical V bottom of last week. The British Pound FXB renewed its selloff making a 30 year low as worries […]
OTC: July 4, 2016 S&P 500/ SPY: Summer officially starts and for the markets it looks a lot like it did in winter never mind the 110 S&P point round trip last week. Long term investors who do not pay attention to such “small” aberrations will wonder what all the fuss was about. […]
Options Supplement: September 15, 2016 By Daniel Darrow After a more muted day Wednesday, stocks resumed their recent volatile stretch of triple digit moves today. The S&P 500 finished up just over 1% while the Nasdaq continued its weekly outperformance, ending the session higher by 1.47%. Mixed economic data this morning threw cold water on the […]
OTC: September 15, 2016 By Steve Smith SPX/SPY: The market tested the recent lows again today then proceeded to try to replicate Monday’s furious rally straight back up to the recent summer breakdown. The thinking again is the Fed with only a 12% chance of a rate hike next week has traders wondering if this taper […]
Misdirection September 16, 2016 Videos/Charts (click to view) Morning Call: September 16, 2016 Daily Recap: September 15, 2016 By Scott J. Redler We have mixed markets around the world to close out the week. Europe is down as the DAX drops -0.7% on headlines about Deutsche Bank (DB) getting hit with a $14 billion fine. […]