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…
Here we are, ready to close out the trading week and with the S&P 500 (SPX) quite literally exactly where it started the week, 2,706. Pretty unusual to find 4 trading days having been completed with a flat result, but nonetheless here we are. And with that being said thousands of options are set to…
If you didn’t tune into the markets, CNBC or Bloomberg yesterday, you likely missed the Jeffrey Gundlach show. He many several comments about the equity markets, while patting himself on the back for his Facebook (FB) short. Additionally and as he always does, for better or worse, he made some innocuous calls on the market.…
FEWER S&P 500 COMPANIES HAVE DISCUSSED TARIFFS ON EARNINGS CALLS FOR Q3 COMPARED TO Q2 COMPANIES AND EARNINGS By John Butters | November 9, 2018 During each corporate earnings season, it is not unusual for companies to comment on subjects that had an impact on their earnings and revenues in a given quarter or may have an…
We kicked-off the trading week with another round of sector rotation whereby the broader indexes further decoupled in price action. The Dow Jones Industrial Average found industrials and consumer stocks in retreat, resulting in the index shedding some 180 points on the day. The broader S&P 500 index fell roughly 10 points or .35%, also…
After sideways action in the markets for the first two trading days of the week, the markets may have picked a direction on Wednesday, well at least for the Dow Jones Industrial Average. The Dow finished higher by .61% on Wednesday, but the Dow’s rally didn’t provide leadership as the S&P 500 rose a scant…
