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Showing Posts 1 - 15 out of 96 found.

Unusual Option Activity, A Leverage Play

Unusual Option Activity, A Leverage Play

Over the past 18 months or so, I have discussed Unusual Option Activity (UOA) at length.  My analysis, quite frankly, has not proven UOA to be any sort of panacea.  Should I just ignore it?  I don't think so.  Like most things, the truth is not clear cut.  I have proven, at least to myself that blindly following UOA is a random walk at best.  But there are instances where it can lead to...

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Major Developments in Market Place Friday Morning

* Latest Market Developments * There’s a lot going on in the world market place Friday, on this last trading day of the week and of the month. There are three features Friday morning: U.S. stock indexes hit fresh record or multi-year highs overnight, the U.S. dollar index is surging, and gold prices have slumped to a four-year low. All have occurred in the wake of Wednesday afternoon’s FOMC...

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Crude Oil Prices Continue to Languish at Lower Levels

ENERGIES: December Nymex crude oil closed down $1.19 at $81.01 today. Prices closed nearer the session low today, pressured by a stronger U.S. dollar. The oil bears have the firm near-term technical advantage. The next near-term upside price breakout objective for the crude oil bulls is producing a close above solid chart resistance at $85.00 a barrel. The next near-term downside price...

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Markets Still Digesting Hawkish FOMC Statement

* Latest Market Developments * The market place is still digesting Wednesday afternoon’s FOMC statement that was deemed surprisingly hawkish on U.S. monetary policy. The Fed ended its monthly bond-buying program (quantitative easing), which was expected. However, the FOMC statement emphasized the improving U.S. economy, which led many to believe U.S. interest rates will be raised in 2015....

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U.S. Treasuries Bulls are Fading

December U.S. T-Bonds closed down 10/32 at 141 7/32 today. Prices closed nearer the session high after hitting a three-week low early on today. The bulls have faded but still have the slight overall near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 140 even. The next upside technical objective for...

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Netflix Is Worth A Look

Netflix Is Worth A Look

Earnings gaps to the downside can provide a significant amount of technical damage to stocks. This kind of damage takes weeks or even months to repair, and you can use this to your advantage in the options market. After trading in a six-month range, NFLX had a massive gap down of over 100 points. Since then the sellers have cleared out, leading to a slow grind higher. What we are seeing as...

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A Look At Grains This Week

A Look At Grains This Week

The week started with the weekly crop-progress report, a gauge of supply.  Corn condition came in at 74% good to excellent condition unchanged on the week. Harvest was pegged at 46% complete.  The ten-year average is 64%.  Early indications suggest farmers will store three-quarters of this year’s crop.  Soybean condition came in at 74% good to excellent condition, up one percentage point on...

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Markets Pausing Ahead of FOMC Statement Wed. PM

* Latest Market Developments * Markets were generally quieter in overnight trading, as traders and investors await the results of the latest Federal Open Market Committee (FOMC) meeting of the U.S. Federal Reserve. The meeting began Tuesday morning and ends Wednesday afternoon with a statement. As usual, the statement will be very closely scrutinized by the market place. Most believe the Fed...

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Softs Markets Bears Gain Technical Strength

SOFTS: March sugar closed up 10 points at 16.13 cents today. Prices closed nearer the session high on tepid short covering. Sugar bears still have the firm overall near-term technical advantage. Bulls' next upside price breakout objective is to push and close prices above solid technical resistance at 16.75 cents. Bears' next downside price breakout objective is to push and close prices...

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FOMC Meeting Gets Under Way Tuesday

* Latest Market Developments * Traders and investors have more of a “risk-on” collective attitude Tuesday. U.S. stock indexes are higher, while the safe-haven U.S. Treasuries and gold are weaker. Focus of the market place is on the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve’s regular meeting that begins on Tuesday and ends Wednesday afternoon. As usual, the Wednesday...

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Markets Focusing on Upcoming FOMC Meeting

* Latest Market Developments * OVERNIGHT DEVELOPMENTS The much-anticipated stress test results on European Union financial institutions were released over the weekend. While there were some EU banks that failed the tests, overall the results were not deemed threatening to the EU financial system. There was another downbeat economic report coming out of the EU Monday, as Germany’s Ifo...

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A Bit More Risk-Aversion in Market Place Friday

* Latest Market Developments * OVERNIGHT DEVELOPMENTS The market place may or may not be reacting to news of a possible new Ebola case in New York City. U.S. stock markets are a bit weaker in early electronic trading Friday morning, while U.S. Treasuries and gold are firmer—suggesting a bit more risk aversion in the market place heading into the weekend. However, it can be argued the U.S....

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Gold Bulls are Fading Again

METALS: December gold futures closed down $17.10 an ounce at $1,228.40 today. Prices closed nearer the session low on more profit taking and on a big rally in the U.S. stock market. A fledgling three-week-old uptrend on the daily bar chart was negated today as the bears gained some fresh downside momentum. The gold bulls’ next upside near-term price breakout objective is to produce a close...

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Risk Appetite in Market Place Increasing this Week

* Latest Market Developments * OVERNIGHT DEVELOPMENTS The better risk appetite in the market place this week continues on Thursday. U.S. stock indexes are firmer in early electronic trading. No major flare-ups on the world geopolitical scene are helping to assuage investor anxiety this week, even though there was unsettling news coming out of Canada Wednesday with an apparent “lone-wolf”...

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Grain Market Bulls are Waking Up

GRAINS: December corn futures closed down 2 cents at $3.54 today. Prices closed nearer the session low today after hitting a seven-week high early on. The corn bulls have made good headway recently to suggest a “harvest low” is in place. Prices are in a three-week-old uptrend on the daily bar chart. However, the corn bulls still have work to do to suggest the fledgling uptrend can be...

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