OTC: August 12, 2016 By Steve Smith SPX/SPY: The week ended with soft economic news as retail sales came in at 0.0% when +0.4%was expected. This went completely opposite the strong up moves in the retail names on Thursday, but those shares had seen a lot of negative news priced in and were due for […]
Options Supplement: August 1, 2016 By Daniel Darrow Another day, another choppy range bound session. The S&P 500 swung back and forth between losses and gains a handful of times, finally settling down .13% for the day, while the Nasdaqcontinued its out-performance, managing to finish up .43%. Tech (XLK +.19%) had a solid start to […]
OTC: August 15, 2016 By Steve Smith SPX/SPY: The holiday trading atmosphere continued today with another new high for both indexes. Traders are missing intraday the action but investors are having their best run this year as every sector has participated at some point on the upside. Higher yields today helped the V long […]
Options Supplement: August 2, 2016 By Daniel Darrow On the 14th day, the S&P 500 finally broke out of its recent range, ending down .64%, while the Nasdaq cooled off after a big run, giving back .90%. Stocks were knocked lower as buyers dried up and oil weighed again. WTI initially opened green, bouncing off of […]
Options Supplement: August 3, 2016 By Daniel Darrow Stocks rebounded today following Tuesday’s sharp drop. The S&P 500 bounced back to finish up .30% while the Nasdaq ended slightly better, up .43%. Oil was the story of the day (and for the last week for that matter) due to the weekly inventory report. WTI (+4%) […]
Options Supplement: August 4, 2016 By Daniel Darrow Stocks took a breather today ahead of the monthly jobs report. The S&P 500 ended the choppy, light volume session up .02% while the Nasdaq finished higher by .13%. Averages were indicating green early this morning following a rate cut from the Bank of England but lost […]
Options Supplement: August 7, 2016 By Daniel Darrow Stocks got a big boost from the jobs report for the second month in a row. The S&P 500 finished up .86%, ending the week at its best level of the year, while the Nasdaq gained 1.06% and also closed at a fresh 52 week high. All […]
OTC: August 17, 2016 By Steve Smith SPX/SPY: A split decision at the Fed means the only winner is those who bought the dip today as once again they are afraid to raise rates until they really know for sure it’s safe. In the meantime, that keeps the greenlight on for easy money and […]
OTC: August 21, 2016 By Steve Smith SPX/SPY: The summer of low ranges continued last week as the market has had a less than 1% move every day for the last month. This either makes charting very hard because there are less points/levels being carved out or very easy as there is nothing to […]
Options Supplement: August 8, 2016 By Daniel Darrow Stocks had a quiet Monday following last week’s strong finish. The S&P 500 ended off .09% while the Nasdaq closed down .15%, both on well below average volume. Positive momentum failed to carry over into trading this morning as indices opened mostly flat. Oil(+2.56%) made a strong run but […]