Options Supplement: August 29, 2016 By Daniel Darrow Traders digested the Fed comments from Friday over the weekend and sent stocks running today. The S&P 500 finished up .52% on the session while the Nasdaq lagged a bit, ending higher by only .26%. Averages were strong out of the gate this morning, shrugging off weakness […]
OTC: August 29, 2016 By Steve Smith SPX/SPU: The last week of summer typically sees much slower action which after the last month of less than 1% intraday moves will not be noticeably different. This is also the end of the month and a long holiday weekend but before that the employment report on Friday […]
Options Supplement: August 25, 2016 By Daniel Darrow Action was choppy today as traders positioned ahead of Yellen’s speech tomorrow. The S&P 500and Nasdaq alternated losses and gains but both ended the session lower, off .14% and .11% respectively. Yesterday’s sell off spilled over into early morning trading today, with averages opening down led lower by […]
OTC: August 25, 2016 By Steve Smith SPX/SPY: The end of the week brings the possibility of a move with the yearly Jackson Hole speech. The narrow ranges have held support in front of this and the upside has new highs ready to be tested. The big casualty of the day were the dollar stores […]
Options Supplement: August 24, 2016 By Daniel Darrow Stocks were woken from their late summer slumber this afternoon, knocked lower into the bell after heaving selling in healthcare following a tweet from Hillary Clinton. The S&P 500 ended the session off .52% but the Nasdaq took the brunt of the biotech drop, getting hit for […]
OTC: August 24, 2016 By Steve Smith SPX/SPY: A down day and after the last month it felt like a collapse. The indexes are at some important support levels that if broken can lead to more selling but traders have to remember the big picture and that is the market is at historic highs. Gold (GLD) […]
Options Supplement: August 23, 2016 By Daniel Darrow The S&P 500 and Nasdaq showed promise this morning, taking off higher out of the gate and testing 52 week highs, but both lost steam as the day wore on and finished off their best levels. The S&P still managed to close up .20% on the […]
OTC: August 23, 2016 By Steve Smith SPX/SPY: A test of last week’s high then saw the market settle back down in another slow session. A highlight today was very strong new home sales which gave a boost to housing stocks. Toll Brothers TOL shot up over 8% on the day on earnings. This […]
Options Supplement: August 22, 2016 By Daniel Darrow Stocks drifted between losses and gains multiple times on light volume today but once the bell rung, averages were mostly flat. The S&P 500 lost .06% for the session while the Nasdaq ended in the green, gaining .12% on the day. Action was choppy the entire […]
OTC: August 22, 2016 By Steve Smith SPX/SPY: A slow very choppy day to start the week without much conviction from either side. TheVIX though was up 8% as traders put protection back on after Friday’s monthly expirations. The biggest catalyst for the week will be Friday’s Jackson Hole speech by the wait-and-see Fed […]