Tuesday August 9, 2016 By Daniel Darrow Stocks swung back and forth between gains and losses on light volume today but finished in the green. The S&P 500 ended marginally higher (.04%) on the day while the Nasdaq fared better, closing up .24%. The action was choppy for a second day in a row as […]
Options Supplement: August 10, 2016 By Daniel Darrow The choppy action spilled over into trading Wednesday. The S&P 500 ended the session off .29% while the Nasdaq gave back its gains from yesterday, finishing down .4%. Stocks were directionless off the open, drifting around the unchanged mark until the oil inventory report. WTI nosedived following […]
Options Supplement: August 11, 2016 By Daniel Darrow Stocks dropped yesterday and popped today, riding strength in oil higher. The S&P 500 gained .47% on the session while the Nasdaq ended up .46%, both averages finishing at new 52 week highs. Earnings were supposed to be the highlight of the day but oil stole the […]
Options Supplement: 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 […]
OTC: August 18, 2016 By Steve Smith SPX/SPY: The thought of a correction melted away again with the VIX-5% dropping back below 12 and the market just sitting at all-time highs. This is either boring or the greatest one-way trade ever. The dollar DXY {see chart below} has broken down and is helping oil […]
Options Supplement: August 14, 2016 By Daniel Darrow Friday was a quiet end to another record week. The day after the three major moving averages finished at all time highs for the first time since 1999, stocks were listless for most of the day with the S&P 500 closing off .08%, the Dow down .20% and […]
Options Supplement: August 15, 2016 By Daniel Darrow The week began on a positive note today. The S&P 500 erased Friday’s losses to finish up .28% and at a new 52 week high while the Nasdaq added .56%, marking its third straight day of gains. Stocks were set to open green this morning, helped out by continued […]
OTC: August 3, 2016 By Steve Smith SPX/SPY: A narrow day higher as the macro environment is quiet until the employment report on Friday. Oil (USO) may have found a bottom today nicking the low and then closing on the high above yesterday’s high making for an “outside reversal day” on the charts which […]
Options Supplement: August 17, 2016 By Daniel Darrow The back and forth pattern in stocks continued for another day today. The S&P 500 bounced back from yesterday’s drop to finish up .19% and has now alternated gains/losses for the past 9 sessions. The Nasdaq squeezed out a small gain of .03%, recovering losses on the […]
OTC: August 2, 2016 By Steve Smith SPX/SPY: The S&P took a peak out of the box yesterday and fell out the bottom today. The long string of sideways trading days seems to want to make a move now as the index fell below the range to test the old breakout high. The main […]