SPDR just 10% from its all-time highs The market continues to rip higher, with the “SPDR (SPY)” now up some 305 from the March low and just 10% from its all-time highs. In recent Option360 Monday Outlooks I’ve discussed the difficulty...
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This week crucial if markets will pull back to $260-270 level or if markets will retest 200 days MA at $300 level for the SPY Today, several sectors were able to break through recent overhead resistance, such as small-cap stocks and homebuilders. As...
Read MoreOne of the persistent and pernicious myths regarding options is that 80% of them expire worthless. The number belies the fact that most options get closed well before expiration and can create some misleading belief that selling premium is the...
Read MoreThe acronyms FANG and MAGA, which have become to stand for the cohort of mega-cap tech stocks “Microsoft (MSFT)” “Amazon (AMZN)” “Apple (AAPL)” Facebook (FB)” “Netflix (NFLX)” and “Google (GOOGL)” which have been investor...
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News of an additional stimulus package lift markets up After three sessions of trading lower, U.S. benchmarks rebounded today behind the news of an additional stimulus package and stabilizing oil markets. On Tuesday, Congress passed another economic...
Read MoreStocks will remain the overall focus but the spotlight over the past two days has been oil. On Monday, the May contract for West Texas Crude crashed below zero, closing at a negative -$37 per barrel! The widely-followed “United States Oil Fund...
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COVID’s impact on the economy add pressure to most sectors Following a strong week for U.S. benchmarks, all three major indices turned lower today. Although talks of an additional stimulus package have begun making rounds, the latest economic data...
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