Futures are in the red again this morning, while Europe markets are flat, and Asia markets were solid green overnight. Treasuries are flat, the US dollar is weaker although off the lows, and Gold is back in the red , down to the $1200 level once again.
General Options Blog
Thursday Morning Reads – 4/2/15
With the market closed tomorrow in observance of Good Friday, today is the last trading day of the week. Last week stocks dropped 80% of the week, so far this week stocks have fallen 2 of the 3 sessions. Currently stock futures are pointing to a lower open.
Keep an eye on this S&P500 Formation.
Here is what I am reading this morning:
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: