Weekend Newsletter 3/26
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March 26, 2016
Market Posts
March 20, 2016
Sunday Newsletter
The Week in Review (3/20/16) US Index performance (5d): SPX +1.4%, DJIA +2.2%, RTY +1.3%, NDX +1.1%, TLT +1.3% Equities climbed for a 5th week in a row and the SPX is now positive for the year +1.3%. Last week, central banks were in the spotlight with the BOJ and the US Fed holding […]
March 16, 2016
Mid Week Newsletter w/ Video 3-16-16
Thursday Newsletter The last of the major central bank meetings wrapped up today with the US Fed deciding to hold its benchmark rate to 0.25% and lower the path of future rate hikes. The lower path or delay in rate hikes is due to risks to global growth. Equities rallied on the announcement as the […]
March 13, 2016
Sunday Newsletter 3/13/16
The Week in Review US Index performance (5d): SPX +1.1%, DJIA +1.2%, RTY +0.5%, NDX +0.8%, TLT -1.0% Equities continued their climb for a fourth week in a row as ECB President, “Super” Mario Draghi dazzled global markets with an expansion of the ECB’s bond buying program and cutting three different interest rates. On Friday, […]
March 13, 2016
The Week’s Significant Option Activity
3/7: >> 2,273 STLD Apr-16 20.0 C OPENING >> 2,331 SCTY Mar-16 25.5 Calls $2.25 ASKSIDE >> 1,167 LGF Mar16 24.0 Calls $0.70 ASKSIDE >> 2,193 BMY Jun16 65.0 Calls $3.60 ASKSIDE >> 13,271 HOG Apr-16 50.0 Calls $0.60 ASKSIDE 3/8: >> 11,472 MON Apr-16 95.0 C OPENING >> 3, 714 JNJ Oct-16 110.0 C OPENING >> 1500 JBL Jan17 22.0 Puts $3.20 ASKSIDE […]
March 10, 2016
Thursday Market Newsletter (3/10/16)
Market Recap What a day… two failed breakouts in one day. First, ECB President, “Super” Mario Draghi dazzled global markets with an expansion of the ECB’s bond buying program and cutting three different interest rates. The initial reaction was a jump in global equity markets. S&P futures jumped to 2010.25 and the euro sold off. […]
March 6, 2016
Sunday Newsletter 3-6-16
The Week in Review (3/6/16) US Index performance (5d): SPX +2.7%, DJIA +2.2%, RTY +4.3%, NDX +2.2%, TLT -1.4% Equities advanced for the third week in a row as US economics, commodities, and central bank policies were the catalyst for the continuation in the equity move last week. In the beginning of the week an […]
February 28, 2016
Sunday Newsletter 2-28-16
The Week in Review (2/28/16) US Index performance (5d): SPX +1.6%, DJIA +1.5%, RTY +2.7%, NDX +1.7%, TLT -0.5% Equities continued to grind higher last week and staged a strong reversal mid-day Wednesday which continued through Thursday’s session (albeit on light volumes). Correlation to crude oil remains very high (see chart below), and when oil […]
February 21, 2016
Volumes explode in Minimum / Low Volatility Equity ETFs on Friday
USMV (iShares MSCI USA Minimum Volatility ETF) traded +19M shares on Friday vs average volume of just 1.7M shares. Was this typical of a large buyer present in the ETF? Absolutely. Outstanding shares of the fund increased by 12M shares or $500M in market value. Take a look at the 2nd chart below for the […]
February 20, 2016
More long positioning in Gold through ETFs and options
On Friday, GLD (SPDR Gold Shares) & IAU (iShares Gold Trust) added a combined $882M in assets with GLD seeing more inflows than any other ETF. In addition, option call buying continues to be heavy. GLD saw 14k opening call buyers while seeing only 2k opening put buyers. In particular, there were a total of […]