General Options Blog

Wednesday Market Recap

Just as I finished up my recap yesterday,  stock futures crumbled to prices seen near last Thursdays low.  They recovered from there into the overnight,  before pulling back again.

The market seems indecisive at the moment and has yet decided where it wants to head from here.  I remain with a bullish bias and think the decision will be made for higher prices.  But I'm also trading light until we get a resolution one way or the other.   Indecision?

Stocks were down 4 of 5 trading days last week and 2 of 3 to start this week.  Tomorrow is the last day of the trading week and I think it will be a key indicator as to where the market heads over the short to medium term.

First let's get today's market and stock option scans:

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