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Trading Update May 20th
Tuesday, May 21, 2013 - 9:39amSPY held $167 after making attempts above and below. What we're seeing now is an environment that advocates a trader to exercise the discipline of not trading. Writing strategies against what ‘looks' to be solid breakouts & breakdowns is also a strategy that can be employed as the markets slow...
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May 21st Watchlist
Tuesday, May 21, 2013 - 9:31amIndexes are flat this morning and with the lack of economic data coming out today, we're most likely looking at yet another choppy trading session. FOMC minutes are scheduled to be released tomorrow so that may end up being the catalyst we need to get some volatility back in the equities...
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Mid Day Trading Update – The Trend Is Your Friend
Monday, May 20, 2013 - 4:57pmMarkets are still holding a bullish sentiment here despite the weakness seen in the premarkets. We’re coming off the highs as we move into the afternoon session but we are still in all time high territory on the broad indexes. Many sectors are still showing buying steady buying activity and...
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Monday, May 20, 2013 - 12:48pm
Benzinga Weekly Options Outlook for the Week of May 20
Options overview this week is pretty much the same as the previously mentioned video. We're still in melt-up status with many of these single names. S&P 500 (NYSE: SPY) has been hitting all time highs pretty much every day, causing a bit of heartache for the shorts. Any short opportunity is...
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Friday, May 17, 2013 - 4:25pm
Market Wrap for Friday, May 17: Stocks Gain on Late Day Rally
Markets surged Friday afternoon, bringing the Dow near a record high at 15,354.40. The S&P 500 closed up almost one percent, with the Nasdaq up slightly more than that. The rise in stock prices this week can be largely attributed to the end of earnings season, job numbers, and positive...
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Friday – Options Expire Today, Will the Rally Expire Too?
Friday, May 17, 2013 - 9:41amReality, reality, wherefore art thou reality? I like to put up this chart of the Macro Indicators (this one from Dave Fry) every once in awhile, just to keep us grounded as we play the market at these nose-bleed levels. And yes, I know I sound like a grumpy old bear, the same way I was...
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Mid Day Trading Update – The Overbought Dilemma
Friday, May 17, 2013 - 9:11amEven to make the statement that we are overbought to begin with is quite bold when you think about it. I mean we could continue rallying slowly up to SPY $170 or even higher without any kind of significant pullback. However, when stocks get a little bit ahead of themselves, the chop action is...
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Friday, May 17, 2013 - 6:53am
Four Things Einhorn, Soros Are Forgetting About Gold Miners ETF
Highlighting fourth-quarter 13F filings with the Securities and Exchange Commission, it was noted hedge fund legends David Einhorn and George Soros held sizable stakes in the largest gold miners ETF, the Market Vectors Gold Miners ETF (NYSE: GDX). To be fair to Soros, during the fourth quarter...
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May 16th Watchlist
Thursday, May 16, 2013 - 9:23amJobless Claims surge to 6-week highs, well above expectations and Housing Starts dropped 16.5%. Consumer Price index also fell in April. This economic data has pushed the indexes down slightly during the premarkets but we've held up well considering the negative sentiment from these reports...
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Monday, May 13, 2013 - 3:03pm
Benzinga Options Outlook for the Week of May 13
Markets continue their move up in a slow trudging manner. Unlike our typical bull rallies where everything across the board is breaking out. We have slow movements along with historically low volatility environments. This combination makes the risk favorable for those that are long options, but...
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