Market Review: September 6, 2017

eOptionUncategorized

quity Market Recap ·      U.S. stocks end higher, paring some of yesterday’s hefty losses (worst daily loss in 3-weeks) as a rebound in the energy sector and news that President Trump and Congressional leader’s ended immediate concerns about a debt default by agreeing to an extension until December 15th helped prop markets higher. Markets also were unphased by news that Fed Vice … Read More

Mid-Day Outlook: September 6th, 2017

eOptionDaily Market Report

U.S. stocks opened modestly higher, a day after posting its steepest drop in 3-weeks on North Korea macro fears and ahead of the expected impact from Hurricane Irma in Florida (and as Texas recovers from Hurricane Harvey). The Dow Industrials leading the market higher after falling over 200 points yesterday, while the NASDAQ Comp underperforms. Transports have managed to rebound … Read More

Daily Commentary: 1Option

eOption1Option Commentary

The market is treading water near the all-time high and the price action is choppy. We are in a news vacuum and traders are waiting for the next catalyst. Overseas markets were a little soft and oil prices have been declining. Swing traders should be focused on selling bullish put spreads. If you don’t have all of your positions on, … Read More

Mid-Day Outlook: June 13th, 2017

eOptionDaily Market Report

Equity resiliency continues to astound, as the Dow Industrials touch a fresh intraday high (traded above 21,300), led by a gain in financials (GS, V lead in the Dow) ahead of tomorrow’s FOMC rate decision, while the technology based Nasdaq Comp rebounds following back to back declines (heavy drop on Friday). All eyes on the Fed, which kicked off its … Read More

Daily Commentary: 1Option

eOption1Option Commentary

Time To Sell Bullish Put Spreads – Market Ready For Rate Hike   Yesterday we saw some follow-through selling, but prices stabilized. Stocks will open higher this morning and investors will take a deep breath. Fed will hike rates tomorrow and the market is prepared. It is typical for the S&P 500 to decline ahead of an FOMC meeting. Once … Read More

Morning Preview: June 13th, 2017

eOptionDaily Market Report

Stock futures inched higher, looking for its first gain in three days, as investors await tomorrow’s Federal Reserve policy decision. The two day FOMC meeting kicks off today, but results will be released tomorrow afternoon, where a second-rate hike of 2017 is widely anticipated. On Monday, the Nasdaq Composite and the S&P 500 marked a second day of losses, dropping … Read More

Market Review: DOW Ends Day Off Highs After Hitting Record During Comey Testimony

eOptionDaily Market Report

Equity Market Recap ·      U.S. stocks traded in positive territory most of the session before ending mixed, as energy stocks slipped, though technology (NASDAQ) and Small Caps (Russell 2000) outperformed. Financials played catch-up, while defensive/safe haven assets (gold, bonds) declined, paring recent gains as the testimony by former FBI head James Comey to the Senate panel and details from the … Read More

Mid-Day Outlook: June 8th, 2017

eOptionDaily Market Report

Equities little changed, trading sideways as markets remain glued to testimony by former FBI head James Comey to the Senate panel now (still ongoing), related to President Trump and Russia. Comey has said that President Trump didn’t ask him to stop the probe of Russian interference in 2016 election. Comey at Senate Intelligence Cmte hearing says he found the conversation … Read More

Market Review: June 7th, 2017

eOptionDaily Market Report

Equity Market Recap ·      Stocks rebounded late afternoon as the U.S. dollar and equities pushed higher, while Treasury prices fell as traders digested former FBI director James Comey’s opening remarks ahead of Thursday’s anticipated testimony. Stocks moved back into positive territory after Comey said in his statement that he understood Trump to be asking specifically about the Flynn probe and … Read More

Mid-Day Outlook: June 7th, 2017

eOptionDaily Market Report

U.S. stocks bouncing early following two days of small declines, as investors remain on edge ahead of several key events tomorrow, including former FBI director James Comey’s testimony before the U.S. Senate, the U.K. snap election results and The European Central Bank (ECB) meeting/press conference tomorrow morning (7:45 AM ET/8:30 respectively).  U.S. equities have since come under pressure, led by … Read More