Market Sentiment Watch: The market continues to trade on fear of a jobless Friday. While the Challenger Survey did what it could to help sentiment out this morning with a study showing planned layoffs are at a 10 year low ADP published its read on monthly private sector jobs which showed a 10,000 job contraction […]
Market Sentiment Watch: Another weak open for the broad markets is on tap as all eyes take notice of mid importance level economic data with a real focus on the Payrolls data on Friday. And the approaching three day weekend. By Friday afternoon you should expect three interns and an organ grinder to garner most […]
Market Sentiment Watch: A big potential merger in biotech circles grabs attention of bored bankers/investors as the quietest of week of summer wraps up pre holiday trading. Once that excitement fades look for the market to look towards Friday with great trepidation as we get the August payrolls report which is not expected to be […]
In progress ….. Holdings Watch: This is definitely a renter's market for the moment so we've adopted a hit and run style for the next couple of weeks meaning trades are abnormally quick in the options portfolios. This week's closed trades: HAL – Sold the 15 HAL $28 September calls for $1.51, up 42%. […]
Market Sentiment Watch: Market looking for Ben Bernanke to prove that he has a plan and that all his bullets are not spent, to show more than just confidence in talking the economy higher today as he speaks at 10 am EST at the Kansas City Fed's annual symposium in Jackson Hole. Expect plenty of […]
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