Market Review: Stocks Close Mostly Flat Despite Syria Conflict, Mixed Job Report

eOptionDaily Market Report

Equity Market Recap Markets remain resilient, with major averages holding not far from recent record highs despite several negative market moving developments over the last 24 hours. U.S. stocks managed to close little changed despite various news items including: 1) the U.S. Navy launching 59 Tomahawk cruise missiles against targets in Syria on Thursday night and at least one airfield … Read More

Mid-Day Outlook: April 7th, 2017

eOptionDaily Market Report

Stocks get a triple dose of negative/cautious news, though U.S. markets taking it all in stride, trading well off their overnight session lows (actually turning positive). Markets came in to today with news that the U.S. Navy launched dozens of cruise missiles against targets in Syria on Thursday night. More than 50 Tomahawk missiles were launched, and at least one … Read More

Morning Preview: April 7th, 2017

eOptionDaily Market Report

U.S. futures have erased overnight declines, (S&P futures low 2,336.75) despite falling after reports that the U.S. military launched cruise missile strikes ordered by President Donald Trump against a Syrian airbase controlled by President Bashar al-Assad’s forces in response to a deadly chemical attack in a rebel-held area. Perceived safe-haven assets such as gold and bonds advanced given the attack … Read More

Market Review: Stocks Close Off Highs After Trump Comments

eOptionDaily Market Report

Equity Market Recap Stocks were cautiously higher most of the trading session before sliding in the final 90 minutes of trading (very similar trading action to yesterday’s pullback) ahead of President Trump’s meeting with China President Xi later today as well as monthly nonfarm payroll jobs data tomorrow. Trading volumes remain quiet, while news is thin ahead of earnings next … Read More

Mid-Day Outlook: April 6th, 2017

eOptionDaily Market Report

Equities are little changed in the early going, holding steady after posting its biggest one day reversal lower in over a year yesterday (the S&P 500 hadn’t been up more than 0.75% intraday and finished down on the day in more than a year (2/10/16) until yesterday). Stocks are looking for direction after several potential market concerns popped up late … Read More

Morning Preview: April 6th, 2017

eOptionDaily Market Report

Stock futures are modestly higher ahead of a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping, trying to recover after posting the biggest one-day reversal for equities in more than a year late yesterday. Stocks tumbled in the last 90 minutes of trading, with the Dow Jones Industrial Average giving up a 198-point gain and closing … Read More

Market Review: DOW + S&P Post Biggest 1-Day Reversal In 14 Months

eOptionDaily Market Report

Equity Market Recap Stocks end lower, erasing earlier gains, after initially trading higher in what was a broad market rally. Stocks got a lift right from the start after a much stronger-than-expected monthly private payroll report from ADP (263K jobs vs. est. 185K), overshadowing geopolitical concerns/fears ahead of President Trump meeting with China President Xi tomorrow and reports of another … Read More

Mid-Day Outlook: April 5th, 2017

eOptionDaily Market Report

Stocks surge in the early going, led by a much stronger-than-expected monthly private payroll report from ADP (263K jobs vs. est. 185K), overshadowing geopolitical concerns/fears ahead of President Trump meeting with China President Xi tomorrow and reports of another North Korean missile launch. There are several 52-week highs today for large cap tech names including AMZN (6th straight day), DIS, … Read More

Morning Preview: April 5th, 2017

eOptionDaily Market Report

Stocks continue to trade in a tight range in overnight sessions, little changed again ahead of potential market catalysts scheduled for later this week. Traders await the Federal Reserve meeting minutes and President Donald Trump’s meeting with his Chinese counterpart starting tomorrow, as well as monthly jobs data to be released on Friday (though private payroll data to be reported … Read More

Market Review: Stocks Close Mostly Flat As Trump-Xi Meeting Approaches

eOptionDaily Market Report

Equity Market Recap Stocks once again “tread water”, as major averages fail to move decisively in any direction, but remain not far from recent record highs. Uncertainty surrounding a meeting later this week between President Donald Trump and his Chinese counterpart President Xi partially weighed on market sentiment today, but lack of volatility has been nothing new for stocks during … Read More