Pre-Market Update: The first blow came on Wall Street’s lunch break at the bears cracked the first wave of support and the second came when they got they second-straight win on the S&P 500 – a feat not accomplished since the beginning of February.
Mid-Market Update: With 4Q earnings season winding down, we mentioned the number of possible option trades would be dwindling as Wall Street prepares for a new season and 1Q earnings in April.
Pre-Market Update: The bears made a little noise on Monday after they scored a victory round and lead most of the fight from start to finish. The first waves of support were tested but the bulls also showed some strength as they rebounded off the lows to recover 2/3rd’s of the losses.
Mid-Market Update: We are still trying to play catch up to the hour of sleep we lost Saturday night after the clocks in the US were moved forward. Alaska and Arizona are the 2 states excluded but we didn’t mind as it signals Spring is just around the corner and the weather is getting warmer.
Pre-Market Update: Futures were showing a nasty open for Wall Street on Monday following Russian’s “invasion” into Ukraine but quickly rebounded on Tuesday after softer words were spoken.
Mid-Market Update: Futures were showing a positive open throughout the night as we were doing our homework and updating our current positions. We weren’t too worried if Nonfarm Payrolls came in north or south of triple-digits (100,000) as any number would be blamed on the weather, good or bad.
Pre-Market Update: The bulls pushed new highs on Thursday on the S&P 500 and the Dow ended higher, but the bears controlled Tech and the small-caps as they finished lower.
Mid-Market Update: With earnings season winding down, the number and quality of possible earnings trades have been dwindling. Every Sunday night, we look at all of the companies reporting earnings for the upcoming week to see if there is a possible call or put option trade as a way to play the stock’s move.
Pre-Market Update: Following Monday’s sharp pullback and Tuesday’s amazing rebound, we figured Wednesday (and Thursday) could be flat sessions ahead of Friday’s Nonfarm Payroll report.
MId-Market Update: The bulls, and bears, are taking a small breather today following 2 days of incredible volatility and major price swings.
