After yesterdays late day swoon, the market hung on to early gains to close in positive territory. The FED minutes released two hours before the closing bell provided opportunity for a few "wild swings" before stocks decided to close just off session highs. The NASDAQ led the way, even the likes of Zillow closed sharply higher.
Today's Unusual Option Scans and Bullish/Bearish Crossovers:
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
Google had one of those weeks, where the stock embarks on a massive rally and turns penny options into multi dollar options.
Some big potential gains on the out of the money weekly strikes bought earlier this week.
$.25 to $17 or $250 into $17,000
$.15 to $12 or $150 into $12,000
Here some of the trades on GOOGLE in the chat room earlier today:
