Sentiment
WhatsTrading.com Options Recap — 12/14/2012
A relatively uneventful trading week is coming to an end and all eyes are on Apple (AAPL) heading into the closing bell Friday. Apple briefly dipped below its November lows of $505.75, but bounced off $505.58 and now traders are watching to see if those support lows will hold into the weekend. Beyond that, the [...]
WhatsTrading.com Options Recap — 12/13/2012
Stocks fell on word fiscal cliff talks have stalled Thursday. Morning trading was slow following a round of mixed economic data. Weekly Jobless Claims dropped to a better-than-expected 343,000 in the period ending 12/8, from 370,000 and much better than the 375,000 that was expected. Separately, the Labor Department said PPI, a gauge of wholesale [...]
WhatsTrading.com Options Recap — 12/12/2012
The grind continues and even the FOMC failed to have a significant market impact Wednesday. The post-meeting statement was largely as expected. Officials said they’re keeping rates low until employment improves and also pledged further Treasury purchases to help stimulate the sluggish economy. The Dow Jones Industrial Average was modestly higher ahead of the news, [...]
WhatsTrading.com Options Recap — 12/11/2012
Stock market averages rallied through midday and have traded in a narrow range in afternoon action Tuesday. A better-than-expected reading on German investor confidence helped lift the euro .5 percent to 1.30 against the dollar and European equity markets finished broadly higher as well. In the US, speculation that progress is being made in fiscal [...]
WhatsTrading.com Options Recap — 12/10/2012
Stock market averages have traded in narrow range and are holding modest gains heading into the final hour Monday. With no earnings of importance or economic data on the calendar, the tone of trading has a wait-and-see feel ahead of the Fed’s FOMC rate announcement Wednesday afternoon and in anticipation of any additional headlines about [...]
WhatsTrading.com Options Recap — 12/7/2012
Market action is mixed and slowing to a crawl heading into the final hour Friday. The economy was in focus early after the Labor Department said that 146,000 new jobs were created in November, which was significantly better than the 90,000 that was expected. The unemployment rate dropped to 7.7 percent and hourly earnings rose [...]
WhatsTrading.com Options Recap — 12/06/2012
Stock market averages have traded in a narrow range and are holding modest gains Thursday. The only economic stat of the day: Jobless Claims dropping to 370K last week, which was down from 395K last week and better than the 382K that was expected. The news comes a day before the Labor Department releases its [...]
WhatsTrading.com Options Recap — 12/05/2012
The Dow Jones Industrial Average is holding a triple-digit gain on fiscal cliff hopes. Bloomberg is reporting that 40 Republicans have joined a bi-partisan call to end the budget impasse. Treasurys are sinking to session lows on the news and the financials are leading the stock market higher. The other economic news was mixed after [...]
WhatsTrading.com Options Recap — 12/04/2012
Overall market action remains uninspired with no economic data or earnings of importance to guide trading Tuesday. Many institutional investors might have already closed the books for the year after the S&P 500’s 12 percent advance so far in 2012. The tone of trading also has a wait-and-see feel, as fiscal cliff talks continue and [...]
WhatsTrading.com Options Recap — 12/3/2012
The month of December is off to a slow start. Volume is light, there will be few earnings reports of significance this week, and the early economic data painted a mixed picture. While Construction Spending rose 1.4 percent in October and 1 percent more than expected, ISM Index for November dropped to 49.5 and below [...]
