Market Review: Another Week, Another New All Time High

eOptionDaily Market Report

Equity Market Recap Another record setting day on Wall Street, as the Dow Industrials, S&P 500 Index, Nasdaq Composite and Russell 2000 Index all post new record closing highs, adding to their gains last week and are on pace for their best monthly returns since March of last year. Stocks got an early lift following better than expected earnings results … Read More

Market Review: More New Highs, Because Why Not?

eOptionDaily Market Report

Equity Market Recap U.S stocks rose late Friday, erasing earlier losses as the Dow Industrials pushed into positive territory minutes before the close to extend its winnings streak to 7-days, while the Nasdaq Composite jumped and the S&P 500 index posted modest gains. All three averages posted gains of over 1% for the week. Optimism remains a key driver to … Read More

Market Review: Steel Strength, That’s All

eOptionDaily Market Report

Equity Market Recap It was a lackluster trading session today, with major averages ending mixed, failing to build on the string of record setting closing levels this week. There were a lot of recent “crowded trades” unwind a bit today as the dollar pulled back despite better economic data/rising rate expectations, bonds up slightly, and financials lagging but that comes … Read More

Market Review: Bullishness in Banks Breaks Records

eOptionDaily Market Report

Equity Market Recap New day same story…as stocks opened mixed to lower, but ended the day with new all-time highs for the major averages. The S&P 500 index posted another record high, rising for a 7th straight session, led by financials which trade to their best levels prior to 2008 crisis, with Dow components JPM, GS and AXP all posting … Read More

Market Review: Metals Resilient as Banks Charge Higher

eOptionDaily Market Report

Equity Market Recap Stock market surges (AGAIN), setting new all-time highs (AGAIN) for major averages, as fear remains absolutely non-existent in this market environment. Investors continue to take any and all opportunities to scoop up stocks, as optimism grows that President Trump policies will lift economic growth. Markets were unphased by Fed Chair Janet Yellen’s testimony on Capitol Hill regarding … Read More

Market Review: Sell Button – Do You Actually Need It?

eOptionDaily Market Report

Equity Market Recap ·      Stocks surge, with momentum firmly to the upside, as the main U.S. stock indexes touch record highs and the S&P 500 topped $20 trillion in combined market-capitalization for the first time ever. The “Trump trade” continues amid ongoing optimism that his policies will jump start a U.S. economy that has been stagnant for years with lower … Read More

Market Review: Retail Finally Ready, Or Just More Rotation?

eOptionDaily Market Report

Equity Market Recap U.S. stock markets surge on more hopes, as major indexes touched their latest in a series of intraday records led by gains in energy and financial stocks. President Trump said this morning he will announce “something on taxes in next 2-3 weeks” (Trump called the tax promise “phenomenal”) and reiterates plan to roll back regulations. There was … Read More

Market Review: The Back and Forth is Designed to be Traded, Not Swung

eOptionDaily Market Report

Equity Market Recap It was another lackluster trading session for U.S. stocks, ending mixed with small caps underperforming again as major averages struggle for direction…but, still hold near all-time highs (another record close for the NASDAQ). Markets have yet to show any type of fear since the election results, as the S&P cash has rallied from a 2,083 level on … Read More

Market Review: Did You Buy The Highs?

eOptionDaily Market Report

Published with permission from the options flow and sweep specialists at Sanglucci.com. While the overnight was relatively quiet, pent up action came with Premarket trading today as buyers pressed the SPY into another fresh all time high. But with the action taking place before the ringing of the opening bell, we’ve got to ask. Does it count, or is it … Read More

Market Review: Premarket Pops

eOptionDaily Market Report

Published with permission from the options flow and sweep specialists at Sanglucci.com. Another grinding overnight was met with a premarket pop as the SPY watched markets peg yet another fresh all time high. But come time for the regular session, momentum slowed and a choppy day took hold. But, the slowdown in action provided sharks with an opportunity to reload … Read More