Remember the Taper Tantrum in 2013? Seems like a distant memory. But the U.S. Fed floated the trial balloon that they would start tapering bond purchases from their QE highs of about $85 billion a …
Continue readingXLE – Oil Change
XLE
Big Printin’ GS, JBLU, XBI, XLB
The S&P 500 (SPX) clawed back a good bit of its early 1% losses by days end. One noticeable theme in today’s trading was options traders rolling existing positions: GS: bank stocks under-performed the broad market most of the day, with …
Continue readingMorningWord 10/13/16: Every Drug Stock Has Its Day
In 2015 the energy sector, measured by the S&P Energy Select etf (XLE) was the worst performing group, down 22%. In 2016, the XLE is the best performing group, up nearly 20%. As we barrel into year end, …
Continue readingBig Printin’ – MRVL, XLK, XLE calls
Here are a few apparently directional options trades that caught my eye in today’s trading: XLK: There appeared to be an opening bullish bet in the S&P Technology Select etf when the etf was trading $47.70, …
Continue readingBig Printin’ – AAPL, XLE, VIX – An Apple A Day
Here is some (apparently) directional options activity that caught my eye in today’s trading: Apple (AAPL): the stock continues its insane weekly gains, nearing 12% from Monday’s lows, with the stock up 3% at a new …
Continue readingEnergy Bar – XLE
In case you missed the headline: *WTI CRUDE CLOSES IN BULL MARKET, UP 22% FROM EARLY AUGUST LOW – Bloomberg That was a fairly epic short term bounce right from the nice round number and level …
Continue readingBig Printin’ – Energy Select etf (XLE)
In case you missed, the 24% decline in crude oil from its 2016 highs in early June above $50, to this morning’s low at $39.19 came to a screeching halt following today’s supply data: With …
Continue reading$XOP Tick
The financial world is picking up the pieces of yesterday’s Brexit vote. The price action in most major risk assets, shows just how much the Leave vote caught market participants off-sides. While it is still not clear …
Continue readingUpdate: All My X’s – XRT, XLB, XLE
As Dan discussed earlier, U.S. stocks are are a fairly interesting spot, either back and filling a bit for a push to prior highs, or merely a series of lower highs that he believes to be …
Continue readingEnergy Bar – $XLE
The Energy Select etf (XLE) has had a nice bounce from the lows of earlier this year, largely driven by a stabilization in energy prices that had been steadily declining over the past two years. …
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