Today was the lowest volume day of 2013 for SPY, including half days. Options volume was also very low. AAPL – Stock hit a 5 month high today, approaching the 200 day moving average, now around …
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Following big moves in the indices, I find it useful to see who’s leading and who’s lagging. We’ve rallied almost 100 points in the S&P 500 in a couple weeks. Which individual sectors have been …
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Options activity was a bit more elevated today ahead of the FOMC Minutes tomorrow. XLF – Trader rolled about 170k of the Aug 19/17 Put Spread out to the Oct 19/17 Put Spread, paying about $0.17 …
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A couple weeks ago I was fairly adamant about the fact that rising rates, in a slow U.S. corporate earnings growth environment, with the backdrop of weakening global demand would serve as the sort of …
Continue readingTrade Update June 21st, 2013: I am going to go back to the weakness in European Bank stocks that I highlighted last week as the impetus to initiate the bearish view on the XLF. …
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I have mentioned the relative weakness of European banks over the last 2 weeks on more than one occasion by highlighting the EuroStoxx Bank Index (SX7E). Prior to reversing today, the index was down 12% …
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Enis had a great write up this morning in his MacroWrap (read here) about the new leadership sector in the S&P, yes the dreaded financials as measured by the XLF etf. Enis notes that given …
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Financials are now the best performing major sector in the market this year, after a very strong week on a relative basis. The financial sector, as measured by XLF, is up 21.5% in 2013, while …
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The VIX had its smallest move all week, moving 1 point higher. 10 day realized vol in the SPX is now up to 20. AAPL – Stock is down almost 10% this week. Call to put …
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Today was the largest down move in the SPX since Feb. 25th, and not surprisingly, puts more active than calls as the CBOE Put/Call moved up to 1.03, the highest since Mar. 13th. Macro flow …
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