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 …
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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 …
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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 …
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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 …
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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 …
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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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Crude oil and the dollar have been the source of much of global market volatility across asset classes the past year. The end of QE in late 2014 caused the dollar to emerge from its …
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We have been fairly steadfast that oil related equities are not likely to bottom until crude oil has a vicious rally coupled with a massive change to supply/demand characteristics. Only could any gains be sustainable. …
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You know the drill, just as risk assets overshoot fundamentals on the upside, they can do so on the downside. In instances like 2000 in tech stocks, in 2008/2009 in financial stocks and with crude oil and …
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Regular readers know that commodities and their related stocks aren’t usually my focus. Despite my tourist status, I have had some views on crude oil weakness since the end of 2014. Those views have remained steadfast …
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