Market Wrap – Robust Oil and Gas Prices Coupled with a Measured Powell See Stock Bounce Continue

The market bounce continued to recover as we saw a measured and contrite Fed President Powell before the Senate as more short covering came into effect off the strong technical levels as volatility stalled. Recall a clear buy signal for us is when the bulls of the highflyers are now rabid bears is to be wary as TINA came into effect. Oil rebounded strongly to $81.50 as did Natural gas on freezing weather. The oil and gas prices saw multiple … Continue reading “Market Wrap – Robust Oil and Gas Prices Coupled with a Measured Powell See Stock Bounce Continue”

Market Wrap – Stocks Bounce Hard, Is There Is No Alternative?

The morning was riddled with doom as stock markets cratered and then short covering came into effect off strong technical levels as volatility stalled. A clear buy signal for us is when the bulls of the highflyers are now rabid bears is to be wary. We saw positive divergence and then buying came in, the ‘Is There Is No Alternative (TINA)’ algos took hold. While the S&P closed lower for the fifth consecutive day and the Dow closed lower for … Continue reading “Market Wrap – Stocks Bounce Hard, Is There Is No Alternative?”

Market Wrap – S&P, Nasdaq Close Lower for The Week

The S&P and NASDAQ closed lower for the fourth consecutive day and the Dow closed lower for the third consecutive day with the catalyst the Hawkish Fed minutes. Despite the US adding the lowest number of new jobs in twelve months in December with just 199,000 the bond market spooked on average hourly earnings (M/M) rising 0.6%. This brought similar negative reactions to the stock markets. Oil began the day over $80 cut came down with risk assets and world … Continue reading “Market Wrap – S&P, Nasdaq Close Lower for The Week”

Market Wrap – NFTS and NFP, Oil Trades Higher as GameStop and MEMEs Run While Tech Flounders

Following yesterday’s blood on the street after the Fed Minutes carnage stock markets were much calmer after S&P 500 found technical support at the 50-day moving average (4672). Treasury yields continue to push higher ahead of the NFP report. Oil again was the outlier with WTI trading over $80 on Kazakhstan unrest. Natural gas was flat after it’s EIA storage report. On the speculative end we saw Bitcoin and Cryptocurrencies again break levels lower. Risk seems relative, MEME stocks flew … Continue reading “Market Wrap – NFTS and NFP, Oil Trades Higher as GameStop and MEMEs Run While Tech Flounders”

Market Wrap – Ark Runs Aground with Blood on The Streets

Day 3 of 2022 continued volatility morphing into Carnage as the Fed Minutes reminded the hawkishness of the last Fed Meeting. The highflyers that infested the Nasdaq and Russel and the ARK ETFs were trashed. Oil bounced strongly after its EIA but was dragged into the risk asset selling. On the speculative end we saw Bitcoin and Cryptocurrencies break levels lower. The 2-yr yield, which tracks expectations for the fed funds rate, rose seven basis points to 0.83%. After yesterday’s … Continue reading “Market Wrap – Ark Runs Aground with Blood on The Streets”

Market Wrap – Market Psychology of Dow and NASDAQ on Bond Moves

Day 2 of 2022 brought volatility with a split personality, the Dow closed at record highs while the NASDAQ sold off. Deja vu the 4800 on SPX and $180 on AAPL after $182.86 8$3 trillion market cap. Oil bounced strongly after OPEC+. On the speculative end we saw Cryptocurrencies down again. Treasury market steepening in the yield curve continue today driven by selling pressure at the back end. After yesterday’s 10-year yield rise was the largest first day jump since 2009 … Continue reading “Market Wrap – Market Psychology of Dow and NASDAQ on Bond Moves”

Market Wrap – Apple Hits Three Trillion, US Dollar Gains Most in Two Months as Yield Jump

We are off and running for 2022. Deja Vu the 4800 on SPX but we blew through $180 on AAPL to trade to $182.88 and get the $3 trillion market cap. Oil and natural gas both bounced. On the speculative end we saw Cryptocurrencies down again. A jump in U.S. Treasury yields helped the dollar post its largest daily gain in nearly two months, Treasury market steepening in the yield curve today driven by selling pressure at the back end. The … Continue reading “Market Wrap – Apple Hits Three Trillion, US Dollar Gains Most in Two Months as Yield Jump”

Market Wrap – Major Call Option Level Defense Holds Seeing Stock Markets Give Up Gains

Deja Vu the 4800 on SPX and 180 on AAPL dominated the markets which saw a reversal across the board on semiconductors through the riskier tech names from green to red. Again, thin volumes and story stocks such as Biogen versi9ng after yesterday’s Samsung was proven to be unfounded. Oil bounced while natural gas collapsed expectedly after its storage report. On the speculative end we saw Cryptocurrencies down again. Treasury market steepening in the yield curve today driven by selling … Continue reading “Market Wrap – Major Call Option Level Defense Holds Seeing Stock Markets Give Up Gains”

Market Wrap – Option Vega and Gamma as Markets Crawl into Year End

The markets were snoring today with thin volumes and story stocks such as Biogen the rage. Oil bounced well after the EIA report to close higher. On the speculative end we saw Cryptocurrencies down again. Natural gas remained near its lows ahead of tomorrow’s storage report. Treasury market steepening in the yield curve today driven by selling pressure at the back end. Around the table today we talk about option IO Vega and gamma affects with low vol situations on … Continue reading “Market Wrap – Option Vega and Gamma as Markets Crawl into Year End”

Market Wrap – Santa Claus Rally Stumbles as Crypto Bleeds Out

The markets stumbled today as mega caps MSFT and AAPL fell moderately. On the speculative end we saw Cryptocurrencies fall sharply over the last 24 hours, Bitcoin down -6.93%, Ethereum -6.62%, Solano -9.71% and Cardano -8.39%. The Russell 2000 accordingly was the weakest major index −13.73 (-0.61%). Oil closed higher with natural gas not recovering from its sharp fall. Enjoy live commentary from Our Trading Room at YouTube as the day wraps up – feel free to like and share Live … Continue reading “Market Wrap – Santa Claus Rally Stumbles as Crypto Bleeds Out”