It’s the 3 generals of this market – Health care, Staples, and Utilities. The glamorous, exciting sectors of the new economy. They are bid up day after day, and are leading the broader indices higher …
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Defensive sectors outperforming has been a theme for more than a month now, but what’s eye-opening is just how strong the runs in those sectors have been. This post is a quick run-through of the …
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EEM – options were extremely active today topping the most actives list with the largest trade being the sale of 111k of the March 43 Puts at .06 to close, vs buying 215k of the …
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XLF – as Dan mentioned yesterday in “Quick Hits”, there were large buyers of the March 18.50 and 19 calls. Today a block of 40K Apr 18 calls traded. Over 98K have traded on the …
Continue readingDefensive stock A makes a new high. Defensive stock B makes a new high. Defensive stocks A and B both make a new high. That’s the gist of the new high headlines over the past …
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Markets were quiet again overnight, though risk-on picked up a bit during the European session as peripheral sovereign yields moved lower for the second straight day. SPX futures are indicating a 0.4% higher open, the …
Continue readingThe news that dominated the trading day yesterday was the central bank coordinated action headline from Reuters. It was an otherwise quiet overnight session, with Asia and Europe following the U.S. rally higher. As usual, …
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