Sentiment
WhatsTrading.com Options Recap — 05/03/2013
Stock market average rallied around jobs data and most of the gains are holding into the afternoon session. The Dow topped 15,000 and the S&P 500 rallied beyond 1600. Overall market volume is on track for 21million contracts today, 27% above recent average. 5 calls trading for every 4 puts amid new all-time records for [...]
WhatsTrading.com Options Recap — 05/02/2013
Stocks are broadly higher following a busy day for earnings reports. A number of widely helds, including GM, Facebook (FB), and Visa (V), are up on their respective results. Economic data showed a much bigger-than-expected drop on jobless claims ahead of key jobs data Friday morning. Commodities are mostly higher, with crude up nearly $2 [...]
WhatsTrading.com Options Recap — 05/01/2013
Stock market averages fell on disappointing economic news Wednesday. ADP said the economy added just 119K private sector jobs in April. 155K was expected. April ISM and March Construction Spending also fell short of expectations. Merck (MRK) lost 2 percent and is the Dow’s biggest loser on earnings. Elsewhere, many overseas markets are closed for [...]
WhatsTrading.com Options Recap — 04/30/2013
Stock market averages erased morning losses and are holding modest gains through midday Tuesday. Data released early motivated a bit of market weakness after Chicago PMI came in at 49 for April, from 52.4 and below expectations of 52. However, a surprise uptick in Consumer Confidence helped offset worries about manufacturing, after the Conference Board’s [...]
WhatsTrading.com Options Recap — 04/29/2013
Stock market averages are holding solid gains, but there’s not much news flow and very light volume behind the move. Pending Home Sales were up 1.5 percent and that was 1.4 percent more than expected. Personal Incomes and Spending rose .2 percent and .2 percent in March, which was mostly in-line with expectations. European equity [...]
WhatsTrading.com Options Recap — 04/26/2013
Sorry for getting this out late. I was CBOE for a good part of the day, which was a slow one. Market averages were basically flat on mixed earnings news. VIX is at 13.61 and basically unchanged for a second day. Quiet day all around and probably some wait-and-see ahead of another flood earnings next [...]
WhatsTrading.com Options Recap — 04/25/2013
Stocks opened higher on jobless claims data and extended the gains through afternoon trading Thursday. Filings for jobless benefits fell to 339,000 last week, from 355,000 and much better than the 351,000 that was expected. Meanwhile, the earnings news was mixed. While Exxon (XOM) and 3M (MMM) dropped and weighed on the Dow in early [...]
WhatsTrading.com Options Recap — 04/24/2013
Market action is mixed with earnings news driving a lot of the activity Wednesday. Apple Computer (AAPL) has been seesawing around the $400 level in the wake of its earnings report, but the stock isn’t much changed heading into the final two hours of trading. While the forward guidance disappointed, news of an increased buyback [...]
WhatsTrading.com Options Recap — 04/23/2013
Stock market averages are holding solid gains heading into the final thirty minutes of trading. Earnings news helped lift sentiment as a variety of names, like ARM Holdings (ARMH), NetFlix (NFLX), Delta (DAL), and Regions Financial (RF), moved higher on the heels of their respective reports. Separately, a report on New Home Sales showed improvement [...]
WhatsTrading.com Options Recap — 04/22/2013
Trading is mixed and lacking conviction Monday. The only economic stat of the day showed Existing Home Sales falling to a 4.92 million rate in March, which was below expectations of 5.01 million. However, Japan’s Nikkei rallied 1.9 percent overnight after G-20 voiced support for BOJ’s quantitative easing plans and bond yields fell in Italy [...]
