Weekend Portfolio Analysis (July 25, 2015)

Market Conditions The market giveth and the market taketh away. Last week the market posted solid gains, up 46.77 points (or 2.25%). This week the market gave it all back with the S&P 500 Index ($SPX) opening Monday at 2126.85 and closing Friday at 2079.65, down 47.2 or 2.22%. The yo-yo action has been the…

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Weekend Portfolio Analysis (July 18, 2015)

Market Conditions The major indexes posted solid gains this week as a result of both global events and higher-than-expected earnings results. Overseas, Greece capitulated and agreed to the austerity program offered by its creditors. In China, the stock market has pulled out of a three-week tailspin and their markets rebounded this week. The Nasdaq Composite…

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Weekend Portfolio Analysis (July 11, 2015)

Market Conditions The major indexes ended the week on an upbeat note with the S&P 500 climbing back above its 200-day moving average (2,056), ending the week little changed. The week was largely news driven with China and Greece in the spotlight. On Sunday night, an overnight slide in the futures market resulted after the…

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Option Trade Adjustments

Over the past six trading sessions, volatility in both equities and crude oil has expanded considerably due to the financial crisis in Greece and, to a lower degree, China. Coupled with the increase in volatility has been substantial moves lower in both equities and oil. On June 29th, the S&P 500 Index ($SPX) opened at 2098.63. Since…

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Weekend Portfolio Analysis (July 4, 2015)

Market Conditions The markets were shaken this week after Greek leaders said “no” to the Eurogroup’s cash-for-reform proposal last weekend. Almost every major market closed down at least 2% on Monday. On Thursday, the Nonfarm Payrolls report for June missed estimates (223,000 vs. 230,000 expected) with the wage component showing no monthly growth. The S&P…

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