Today’s Trading Recap

Wednesday Market Recap

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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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Tuesday Market Recap

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Stocks opened the day lower, rallied back to even,  and then collapsed into the close, ending the last day of the quarter sharply lower.

S&P500 Futures are now trading below Monday's open.

Today's late day action wasn't the only excitement.  Numerous trading vehicles had to be halted in the middle of the session, including the $VXX.  The $VXX halt was 5+ years in the making.

 

Was today's late day trading action an indication of what is to come?  Or was it a product of end of quarter window 'undressing?'  More on that and some potential moves coming for  $TLT, $SSYS, $TWTR, but first: here are tonight's scans:

Unusual Option Activity - 3-31-15

Stock Scans - Bullish / Bearish Crossovers

The market, despite what the VIX is saying,

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Thursday Recap

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There was no currency flash crash,  no FED meeting,  making for a rather dull day, aside from some impressive stock moves in names such as $TWTR, $WYNN, $TSLA.   I could post a dozen assorted charts tonight,  but in the interest of time  I'll just keep it simple.  Keeping it simple usually is just the easier thing to do - That is a Captain Obvious Quote, if it wasn't already obvious.

$WYNN rocketed 6% higher today.  What a difference one day can make.  Yesterday I talked about how terrible sentiment was for the stock, and today investors couldn't buy it quick enough.  More on that in a few.  What about the market?  Where is it headed?

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