Good Info Tom. Thanks
Here a list of the last several options week's action. We're looking at the Thursday before options Friday, through the Tuesday after...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Good Info Tom. Thanks
Looks like a typical Monday morning gap and crap. We know gaps get filled and Monday morning gaps are particularly vulnerable. We had a couple of gap down openings lately and they have yet to be filled. I am watching 825 as a potential upside target before the downside resumes.
I saw this on sentimentrader.com this morning:
"If we look at -2% gap opens, we get 40 occurrences. Every single one - except that one from October 6th of last year - ended up getting filled at some point. On average, it took 5 days to fill the gap. 80% of them were closed within 5 trading sessions, though the average drawdown was -3.3% (meaning the S&P lost an additional 3% or so sometime before the gap was closed)."
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
GE Calls surge.
http://online.barrons.com/article/SB...715913607.htmlAlmost 600,000 calls traded Tuesday, as hordes of investors, big and small, bought what one trader described as "multiple upside calls in a beta bellwether."
Translation: GE offers a cost-effective way to mimic the performance of the Standard & Poor's 500 index without spending lots of money.
With the stock at about $16, investors bought October and December calls that will increase in value should GE's stock price exceed $17, $18 or $20.
Options trading suggests the worst is over for GE.
S&P500 (C Fund) (delayed) (Stockcharts.com Real-time) |
DWCPF (S Fund) (delayed) (Stockcharts.com Real-time) |
EFA (I Fund) (delayed) (Stockcharts.com Real-time) |
BND (F Fund) (delayed) (Stockcharts.com Real-time) |
||
Yahoo Finance Realtime TSP Fund Tracking Index Quotes |
Bookmarks