Market Event which could bring trading opportunities

$Employment USA

February 5, 2016 9:41 am / Published in Market Update
  January Employment Report has just been released. The report provides lots of data.  Here are the numbers that matter.   Non-farm Private Payrolls 158K  vs. 190K consensus and 170K whisper number Unemployment rate 4.9% vs. 5% consensus and 5% whisper number Average earnings  0.5% vs. 0.3% consensus and 0.0% whisper number Number of jobs

$Fibonaci levels at best $SPX $COP

February 4, 2016 11:42 am / Published in COP, Market Update, SPX
The SP500 traded to the 50% retracement on the move up and now is trading right at the 38.2% ConocoPhillips (COP) that it is cutting its dividend. COP is an oil major.  A big part of the shareholder base of oil majors is investors seeking safe high dividends.  For boards of oil majors, maintaining dividends

$Fibonaci levels at best $SPX $COP

February 4, 2016 11:42 am / Published in Market Update

$Fibonaci levels at best $SPX $COP

February 4, 2016 11:42 am / Published in Market Update, SPX
The shorts are being force to cover and once again the market closed positive for third day in a row.   Both, financial and Energy are leading.  The SPX is approaching the 50% Fibonacci retracement 1940 which could create resistance.   Indexes rose for a third straight session, propelled by higher crude prices, on hopes

Bank of Japan, in a Surprise, Adopts Negative Interest Rate

January 29, 2016 9:26 am / Published in Market Update

Long $SPX

January 5, 2016 9:11 am / Published in Market Update
The market opened the year down a little over 1.5% on news of slowing growth in China. We had a nice intraday bounce as volatility began to relax. We will see if that strength carries over into today. With volatility still in the 20s we are going to capitalize by getting this position on that