Jared Woodard from Condor Options is out with a great post detailing some of the ways the option market has changed (in his opinion, maybe for the better) since the financial crisis.
Read the article here.
Comments »Jared Woodard from Condor Options is out with a great post detailing some of the ways the option market has changed (in his opinion, maybe for the better) since the financial crisis.
Read the article here.
Comments »U.S. equities opened flat to down a bit. After trade in and out of positive territory the markets took a small nose dive to being down currently .52%
Oil which was up on mid east tensions has pared gains to being down $0.42 @ $92.37 a barrel.
Gold is off a few bucks and the other metals are down a small fraction.
The euro trades near the high of the session as Merkel has returned from her vacation to iron out plans on saving the euro. European markets closed down about 0.25% on average.
Comments »Another day of chop around the flat line has the bulls in contention of seeing the S&P rise above 1405 and challenging 1420ish over the next week of trade…imo.
Laggards like materials and industrial companies are doing well in a choppy market.
Gold looks interesting here. A break above $1640 will be challenged soon and will let investors know which way the shiny metal will trade over the next couple of weeks to months.
Go eat a samich.
European markets close to the downside
[youtube://http://www.youtube.com/watch?v=aOZ89AepCBI 450 300] Comments »Rail traffic continues to expand suggesting the economy is still chugging along.
Air traffic cargo shows weak and falling industrial production.
Comments »Gapping up
FIO +24.2%, BONE +11.8%, AONE +11.5%, SMTX +6.7%, NVDA +5.4%,
RICK +5.1%, BYI +2.9%, BCS +2.2%, JWN +1.9%, GLUU +2.3%, JIVE +2.3%,
JDSU +2.1%, JNS +11.8%, AONE +11.5%, SPPI +4% , BCS +2.2%
Gapping down
UBNT -34%, PEGA -11.2%, DGIT -9.8%, SMG -8.8%, SPRD -8.6%, WAVX -6.5%,
JCP -6.1%, MNST -6%, BRKS -6%, OTEX -5.8%, YHOO -3.8%, MITT -3.4%,
LGF -3.2%, ARNA -1.8%, ELX -1.4%, OCZ -1.3%, GNC -1.1%, DNKN -1%,
MTL -2.7% , SSNC -2.2%, NVO -0.7%, NQ -5%, MNST -4.7%,
Comments »Yields for Italy, Spain, France, and Germany …
Comments »Pay close attention here as the transports usually lead the markets.
Comments »
“WASHINGTON (Reuters) – Wholesale inventories in June recorded their largest drop since September as the value of petroleum stocks fell by the most in more than 3-1/2 years, government data showed on Thursday.
Total wholesale inventories slipped 0.2 percent to $481.9 billion, the Commerce Department said, after being almost flat in May. The percentage decline in June was the largest since September.
Economists polled by Reuters had expected stocks of unsold goods at U.S. wholesalers to rise 0.3 percent after increasing by a previously reported 0.3 percent in May.”
Comments »ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
[youtube://http://www.youtube.com/watch?v=zrOA7dLyZlM 450 300] Comments »Gapping up
ZN +13%, AONE +12%, MM +11.9%, GNOM +9.8%, MDRX +6.7%,
DDS +6.5%, NQ +6.5%, MBI +5%, NOK +4.9%, TNGO +3.8%, CXW +3.4%,
AMRN +3.2%, FTK +2.3%, CSCO +2%, PANL +1.2%, BZH +4.9%,
KBH +2.5%, CSCO +2.6%
Gapping down
WIFI -13.3%, MNST -9.7%, SPWR -7.5%, MUX -5.9%, SGEN -5.7%,
TNK -5.1%, INFI -4%, CHTR -3.6%, KGC -3.2%, NWSA -3%,
UHAL -2.3%, TOT -1.5%, INTL -1.5%, APC -1.1%, SAP -1%, SEM -5.3%,
TOL -1.1% , NTAP -1%, AFL -0.9%,
Comments »The Nikkei is up nicely, but Australia is down. For the most part Asian markets are drifting higher.
Comments »“Chinese consumer prices climbed 1.8 percent in July, which was slightly higher than the 1.7 percent economists were expecting. Nevertheless, this was down from 2.2 percent in June.
Producer prices fell 2.9 percent, versus expectations for 2.6 percent.
“China CPI growth is at 30 month low, but will most likely start to rise again next month,” said Bloomberg BRIEF economist Michael McDonough.
Here’s a chart breaking down historical Chinese CPI courtesy of McDonough:”
Comments »Doug Kass points out that Bob Farrell’s sentiment indicator is on the verge of a screaming buy. Who is Bob Farrell ? A 25 year veteran of Merrill.
Comments »“Too central to fail” instead of “too big to fail”: whether banks pose a risk to the financial system when they get into distress has more to do with their level of networking than with their size. Economic researchers at ETH Zurich have developed a method to deduce the “systemic importance” of banks from their complex connections within financial networks.
“Between 2008 and 2010 a total of 22 banks formed the innermost circle of the financial crisis. They were so intensely connected with each other through credit relationships, mutual equity investments and financial dependencies that the distress of any single one of them could endanger the entire financial system. [..]”
Comments »U.S. equities pared early morning losses to trade near the unchanged level. The markets still remain weak on comments from a fed president out of Dallas stating that adequate stimulus is already in place.
Comments »