Search Results for 'BG'
WhatsTrading.com Options Recap — 05/23/2013
Stock market averages fell sharply at the open, but H-Ps earnings report and better-than-expected economic data helped limit the carnage. A poor reading from China PMI and an unusual spike in Japanese bond yields, sent the Nikkei skidding 7 percent. Most other Asian and European markets also fell. Crude dropped $1 and gold caught a [...]
WhatsTrading.com Options Recap — 05/21/2013
Stock market averages are holding gains on a relatively slow news day again Tuesday. With no economic slated until Wednesday’s Existing Home Sales report, mixed earnings from Home Depot (HD), Best Buy (BBY), and TIVO helped set the tone for steady trading at the open. Overseas markets were mixed overnight and crude is working off [...]
WhatsTrading.com Options Recap — 05/20/2013
With no economic data or earnings of broad market significance, it was a slow news day Monday morning. Gold and Silver saw intraday spikes, however. Some traders think it was related to a Bloomberg story that Moody’s might cut US credit rating in 2013 (LINK). For whatever reason, the metals, which were pummeled overnight, are [...]
WhatsTrading.com Options Recap — 05/17/2013
Stock market averages opened higher and held the gains through economic data, then rangebound action returned. The Univ of Michigan Sentiment Index for mid-May and the List of Leading Indicators for April were both released during market hours this morning, and both were better than expected. Steady trading across much of Asia and Europe also [...]
WhatsTrading.com Options Recap — 05/16/2013
Stock market averages are modestly higher despite a round of weaker-than-expected economic data Thursday. While jobless claims rose much more than expected last week, Philli Fed, Housing Starts, and CPI were all well below expectations. I’m hearing more than one investment firm arguing that weak economic data is a positive for the stock market because [...]
WhatsTrading.com Options Recap — 05/15/2013
Interesting trading day with some of the signs of a classic midweek reversal – up Monday, up Tuesday, and up Wednesday morning. Then, the NASDAQ, which led on the way up, leads on the way down. The initial rally was indeed surprising, as data on Industrial Production, PPI, and NY manufacturing were all weaker-than-expected. Crude [...]
WhatsTrading.com Options Recap — 05/13/2013
Stock market averages are modestly lower, but volume is light and action has been rangebound thus far. The only significant stat of the day showed Retail Sales up .1 percent in April and better than the .3 percent decline that was expected. But, trading was sluggish across the Eurozone. Crude oil lost 50 cents to [...]
WhatsTrading.com Options Recap — 05/10/2013
Market is mixed heading into the final two hours of trading. With no economic data due out until Monday’s Retail Sales, trading was steady after Japan surged nearly 3 percent overnight. European markets were mostly modestly higher, but crude lost $1.85 to $94.54 and gold lost $32.5 to $1,436. On Wall Street, the S&P 500 [...]
WhatsTrading.com Options Recap — 05/09/2013
Trading is mixed on a busy day of earnings. A number of stocks are seeing big post-earnings moves including GMCR, RAX, MNST, TSLA, and GRPN. The economic news remains light and included a better-than-expected reading on jobless claims and in-line wholesale inventories. There was little reaction to the data and trading was mostly mixed overseas [...]
WhatsTrading.com Options Recap — 05/06/2013
Snoozefest. With no economic data or important earnings to guide things, market averages opened steady and have traded in a range. I won’t try to make it sound exciting, because it simply is not. Crude oil is up 46 cents to $96.07 and gold gained $5 to $1469. The Dow Jones Industrial Average erased morning [...]
