Tag Archives: tsla

Wednesday’s Compendious Chart and Market Recap

Today's highly anticipated trading session was able to capture the entire trading year of 2015 in one day.   The S&P500 ETF $SPY closed the session at the exact price it started the day at.

The FED moved the needle up a little, but even they were powerless to fight the magnet that is 2015.  Prices can never break too high or too low in 2015.  The action can never get too hot or too cold.  The irony is most thought 2015 would continue the theme of everything going up and/or everything going down.   2015 has brought back the stock picker.  There is one way to beat a consolidating market... its to be in the names that move.  How about that $AMED!  While the market has been gyrating in a narrow contained range, there have been a host of stocks breaking higher/lower.

Let's look at some stocks, ETF's, the VIX, some scans, and what I think is going to happen in the weeks ahead.

The VIX was taken down today, and this is what I see from a chart perspective:

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Thursday Recap

After yesterday's sharp sell-off stocks stabilized today and rallied to close near session highs.  2015 has been a 'spin your tires in the mud' affair.  Would it be any more appropriate if tomorrow's jobs reports sparks a rally back to Monday's levels?

Bonds remain a volatile trade with $TLT dropping to its lowest level of the year before mounting a furious recovery rally.  The 20 year bond etf now sits right at long term support.  Tomorrow's jobs report is likely to push it one way or the other into the summer.

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Monday Market Recap

Stock futures plunged after the Jobs report on Friday.

Today the market realized that bad is again good - It recovered Friday's losses and for good measure  proceeded to rally an additional .6%.

It was the second consecutive Monday rally.  Last Monday's rally was swiftly negated the following trading session.  Will tomorrow see stocks suffer a similar fate?

S&P500 Futures RED Friday and GREEN Monday:

 

Today's Stock/Option Scans

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