Try as it may, the major averages couldn’t escape the clutches of Boeing (BA) once again on Tuesday. The most heavily, price-weighted stock on the Dow Jones Industrial Average (DJIA) meandered in and out of positive territory on Tuesday, but gave way into the closing bell, dragging down the Dow. The S&P 500 (SPX) and…
It was a tumultuous day in the market Monday, even as the framework for a U.S./China trade deal appears to be coming together. Negotiations are in the “final stages” as the two sides plan a summit for the end of March at Mar-a-Lago, President Donald Trump’s Florida resort, sources told CNBC. If a deal is…
Leading up to the Friday trading session, the markets appeared to be expressing exhaustion and have been with overbought conditions for the better part of the last 10 trading sessions. Nonetheless, the YTD rally carried forward on Friday. (Table from Bespoke Investment Group) From Monday through Thursday, the S&P 500 (SPX) and its peer indices…
Leading up to the Friday trading session, the markets appeared to be expressing exhaustion and have been with overbought conditions for the better part of the last 10 trading sessions. Nonetheless, the YTD rally carried forward on Friday. (Table from Bespoke Investment Group) From Monday through Thursday, the S&P 500 (SPX) and its peer indices…...
Happy weekend to all and we hope you enjoy and find value in our weekend update that includes our daily Technical Market Recap with Wayne Nelson. Before we get to that, however, it’s not often that you see a market aimed at crushing the options on Friday, but “manalamancha” was that fun to watch with…
Heading into the weekend the markets have awakened in the early Friday hours and ahead of the opening bell on Wall Street. Asian Markets traded sharply higher overnight and the activity has carried forward into the European markets. After 4 straight sessions whereby the U.S. major indices trading lower and near their lows into the…
Welcome to this week’s State of the Markets video. Please click the link to review the video, which is 66 minutes in duration. Video Outline: Introduction to VIX Futures Term Structure. Discussion on the calendar cycle for m1 (March VIX Futures) which is 33 days and will achieve its halfway point in the cycle come…...
For 3 straight trading sessions, the major averages have sold lower into the closing bell. This is in contrast to the 9-week rally prior to the final week of February. One thing to keep in mind with respect to the 9-week rally and even the December 2018 market swoon is the concept of market liquidity,…
Try as it may, the S&P 500 is finding it difficult to stay above that critical 2,800 level. In Tuesday’s trading session, the benchmark index made another run above 2,800 intraday, but much like Tuesday it sold off into the closing bell. Chairman Jerome Powell will continue with his testimony before Congress today and after…
Volatility Review 19 February 2019 Equity Derivatives Strategy Bram Kaplan, CFA AC, Marko Kolanovic, PhD Positioning update, RTY and NDX structured product issuance & dynamics, trading commodity sectors Despite the remarkable V-shaped market recovery since December, equity positioning remains light across systematic and macro investors. CTAs, Volatility Targeting portfolios and Hedge Funds’ equity exposure…...
