Tag Archives: $gdx

Daily Recap: Analyzing the S&P 500 & Outlook for Tech Names

Another day goes by and the market continues to rally closing right around 2150. Volatility is shrinking and we are seeing strong leadership from the financials and a few tech names as the market continues its accent. For now, I have not added much and will wait until tomorrow near the close or even Thursday to do so. With Wednesday being known for premium crush, given the lack of volatility I felt it was smart to be on the side of caution. Instead I am taking advantage of the aforementioned premium crush by selling premium, which I will go over in the article.

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Tuesday Morning Market Video – $JPM $AAPL $GOOGL $GDX $FCX $GLD $BIDU

U.S. stocks were poised for a slightly lower open Tuesday, a day after the Nasdaq Composite rose above 5000 for the first time in nearly 15 years.

Dow Jones Industrial Average futures slipped 27 points, or 0.2%, to 18221. S&P 500 futures fell four points, or 0.2%, to 2109, and Nasdaq-100 futures declined six points, or 0.1%, to 4471.

Here is Tuesdays Morning Market Video -

Covering: $JPM $AAPL $GOOGL $GDX $FCX $GLD $BIDU

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