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What started as another flat day in the markets, is turning out to be a bullish one…Even though overall stock volume remains light, we are still seeing some heavy options activity.
Already, there has been quite a bit of spread activity all around with heavy action in Cisco Systems, Inc. (CSCO). This [...]
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Are we having earnings déjà vu all over again?
Let’s review:
Last quarter the market hit a hiccup in the end of June, sold off from a June-closing high of 944 in the S&P 500 index, down to 880 as we entered Q2 earnings.
This quarter the market has retraced from a high of 1071 [...]
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With August almost in the books I believe it is worthwhile to look at some specific sectors and stocks relative to the major market averages.
For a reference point the SPX index started the year at a level of 903.25. So with today’s close at 1028.93 the overall market is up almost 14%. It is more [...]
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