Morning Preview: May 26th, 2017

eOptionDaily Market Insights

Stock futures are trading flat to down slightly, coming off a day where the S&P 500 and Nasdaq Composite both posted record all-time closing highs. Major U.S. averages look to take their current 6-day winning streak into the final trading day of the week as momentum remains clearly to the upside. Markets shaking off another headline out of Washington after … Read More

Morning Preview: May 25th, 2017

eOptionDaily Market Insights

Stock futures are higher, currently on track to open at record highs and on pace for a 6th straight day of gains, helped by a better than expected round of earnings. Oil prices slipped (back around $50.50 per barrel) after trading around 1-month highs prior after Saudi Arabia oil minister Khalid al-Falih ruled out deeper cuts to oil production in … Read More

Market Review: Stocks Rise for 5th Consecutive Session

eOptionDaily Market Insights

Equity Market Recap ·      Stocks managed to climb again, rising for a 5th consecutive session, and holding near all-time highs as markets have fully recovered from their biggest one day decline in 8-months last Wednesday. The S&P 500 topped 2,400 again but failed to top its intraday record high of 2,405.77 set last Tuesday (today high 2,403.42). Political uncertainty remains … Read More

Mid-Day Outlook: May 24th, 2017

eOptionDaily Market Insights

U.S. stocks holding steady, rising for a 5th day after last Wednesday market plunge on Washington concerns (President Trump/Russia connection newspaper articles) created market uncertainty regarding the push forward for his pro-business policies. Volatility has since dried up as well, as the CBOE Volatility Index (VIX) is now heading for its longest losing streak of the year, with a 33% … Read More

Market Review: Stocks close higher, post 4-day win streak

eOptionDaily Market Insights

Equity Market Recap ·      Stocks pushed higher late day, bringing major average winning streak to 4-days, led by another round of gains in defensive consumer staples and utilities, alongside gains in financials as bonds slipped and the dollar rose. Technology shares lagged, but still posted gains, while Transports outperformed up over 0.5% on the day. The S&P 500 hit 2,400 … Read More

Morning Preview: May 23rd, 2017

eOptionDaily Market Insights

Stock futures are edging higher, as U.S. markets look to make it 4-straight days of gains, the longest streak since February ahead of several Fed speakers and economic data. European markets are trading higher after a round of strong economic data, while news of a suspected suicide bombing at an Ariana Grande concert in Manchester, England, on Monday night that … Read More

Market Review: Stocks Post Biggest Drop Since September

eOptionDaily Market Insights

Equity Market Recap ·      Stocks post their biggest drop since September (Dow fell 350 points), falling in broad fashion as concerns about President Donald Trump’s FBI controversy weighed on investor sentiment. The New York Times late Tuesday reported that Trump in February asked then-FBI Director James Comey to stop his investigation into former National Security Adviser Michael Flynn. The report … Read More

Mid-Day Outlook: May 17th, 2017

eOptionDaily Market Insights

Equities drop sharply, with the S&P 500, DJIA and Nasdaq on pace to log its worst daily decline in about eight weeks as concerns about President Donald Trump’s FBI controversy weighed on investor sentiment. The New York Times late Tuesday reported that Trump in February asked then-FBI Director James Comey to stop his investigation into former National Security Adviser Michael … Read More

Market Review: Nasdaq Notches 3-Day Winning Streak

eOptionDaily Market Insights

Equity Market Recap ·      Stocks remain stuck near highs, with the Nasdaq Comp setting another new all-time closing high today, while the S&P pulled back from its record closing levels yesterday. While markets continue to push/hold higher, the story still remain the lack of market volatility and narrow trading ranges (S&P 500 has now failed to move outside of a … Read More

Mid-Day Outlook: May 16th, 2017

eOptionDaily Market Insights

Equities opened higher (since retreated) despite a weaker reading on monthly housing starts and building permits, while the dollar falls to 6-month lows after reports that President Donald Trump shared classified information with top Russian officials at a meeting last week (which the White House denied). The S&P 500 index is coming off its first close above the 2,400 level … Read More