Tag Archives: qqq

Tuesday Market Recap

1 Comment

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,

Keep Reading

Wednesday Recap

4 Comments

Patient?  It's gone from the FED, but the term worked perfectly for call buyers this week.  It's never easy holding onto longs/calls when every pundit is telling you to sell, that the FED is going to spook the market.  Patience is exactly what we needed to profit today and it worked nearly to perfection.

Last night's bonus chart proved to be rather prescient.  It's nice to be right about where the market is headed, it's even 'nicer'when that move is even more robust than your most optimistic expectations.  Today was an almost straight up day after the FED.  No stairs, no methodical move higher.... it was a 2 hour spike-a-thon and the stock market rests just off record highs.... yet again.

***Last Nights Bonus Chart ***

**** Today's Action ****

Keep Reading

Friday Recap – 3/13/15

Leave a comment

After yesterday's rally, the sellers returned in full force today, driving down stocks and sending the US Dollar to a fresh 12+ year high as it soared almost 1% higher against a basket of depreciating currencies.  I'll get into the US Dollar and the basket of depreciating currencies later, let's look at the market, where it could be headed, and what we can do about it.

Keep Reading