Archive for the ‘Options’ Category
Not Horrible - Is Good. Assets Are Rotating Out of Bonds and Into Stocks.
Yesterday, the market chopped around for most of the day after a huge run-up Wednesday. That was an encouraging sign for bulls. By late afternoon, the market rallied and it closed on its highs. Earlier in the day, initial jobless claims came in slightly better-than-expected and optimism ahead of the Unemployment Report surfaced. Even though 472,000 jobless claims were filed, traders were relieved that new claims have stopped rising. In recent weeks, initial jobless claims have spiked higher and that trend has stalled. Even if 200,000 jobs had been lost in August, I doubt the market would have sold off. The …
A Weak Unemployment Report Will Give You A Chance To Get Out of Bearish Positions - Take It!
Call a spade a spade, my forecast was wrong. Economic conditions are continuing to deteriorate, but the market did not decline on the news. For weeks, I have been getting short and the entry price on those puts was good. The positions were making decent money, but I felt the best had yet to come. Yesterday’s rally stripped away those profits, but at least my losses were contained. I was confident in my forecast and my positions were large. China’s PMI did not drop below 50, but it did come in below expectations at 51.7 (52 was the consensus estimate). Asia …
AUGUST TRADING VOLUME AT CBOE FUTURES EXCHANGE ROSE 8% OVER THE PREVIOUS MONTH, August Was Eleventh Consecutive Month to Register Year-Over-Year Volume Gain
AUGUST TRADING VOLUME AT CBOE FUTURES EXCHANGE ROSE 8% OVER THE PREVIOUS MONTH, August Was Eleventh Consecutive Month to Register Year-Over-Year Volume Gain
CBOE REPORTS AUGUST 2010 TRADING VOLUME
CBOE REPORTS AUGUST 2010 TRADING VOLUME
The Numbers Were Not Bad Enough To Force A Sell-off. Scale Out of Put Positions This Week!
My forecast during the last month pointed to a decline that would start this week. Dismal economic numbers were going to result in a selloff, but they did not. They were weak, but the market is moved higher on the releases. A concerning trade balance report in China two weeks ago showed that imports had declined substantially. Manufacturers had cut back on supplies and I believed production would fall. The PMI in China has been declining for months and I forecasted that it would dip below 50. Consensus estimates were 52 and it came in at 51.7. It missed estimates, but …