Posts Tagged ‘XLP’

Bullish Plays Crop Up In Consumer Staples ETF Call Options


Today’s tickers: XLP, WMT & SFLY

XLP - Consumer Stapes Select Sector SPDR Fund – Options activity on the Consumer Staples SPDR in the first 10 minutes of the session suggests one strategist is long-term bullish on shares in some of the largest and most well-known U.S. companies. Shares in the XLP are up 1.0% today at $34.11, just off the ETF’s record high of $34.42, as U.S. equities move broadly higher. The XLP’s top 10 holdings, which make up nearly 70% of the fund, include Dow heavyweights the likes of Procter & Gamble, Coca-Cola and Wal-Mart Stores. Coca-Cola, the fund’s second-largest holding, is up nearly 3.0% this afternoon after the Company reported better-than-expected first-quarter results. The long-dated options position established on the ETF this morning stands to benefit from substantial bullish movement in the price of the underlying over the next year and eight months to expiration. It looks like the trader responsible for the transaction purchased a block of 10,000 calls at the Jan. 2014 $37 strike for a premium of $0.89 apiece. Profits are available on the position at expiration if shares in the XLP climb 11.0% to top a new record high of $37.89. A couple of hours into the trading day the same-strike call expiring in January 2013 was purchased 26,600 times at a premium of $0.23 each.

WMT - Wal-Mart Stores, Inc. – The value of a sizable bullish bet initiated in Wal-Mart call options yesterday ballooned overnight, as shares in the retailer extend their run to the upside for a second straight day. Shares in WMT are currently up 2.05% at $61.81 as of 11:35 a.m. in New York, the highest since mid-February, on positive U.S. same-store sales data. On Monday, WMT popped up on our market scanners after a large…
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Hefty Bullish Plays Constructed on Transocean

Today’s tickers: RIG, AKAM, VPRT, FXI, GMCR, XLP & KR

RIG – Transocean Ltd. – Two massive bullish transactions utilizing nearly 110,000 call options on the provider of offshore contract drilling services for oil and gas wells indicates at least one big options player is taking a long-term optimistic stance on the stock. RIG’s shares inched up 0.50% this afternoon to trade at $47.00 as of 3:15 pm ET. The nearer-term of the two spreads looks to be a variation on the traditional call butterfly spread because volume at the lower strike price [wing 1] is the same as that used in the body of the butterfly. Typically, a butterfly spread is constructed using a 1X2X1 ratio. The longer-term spread employed in the February 2011 contract looks like a normal butterfly. In this transaction the investor enjoys maximum profits if RIG’s shares surge 38.3% to settle at $65.00 by February expiration day. The transaction involved the purchase of 15,000 calls at the February 2011 $50 strike [wing 1] for an average premium of $5.5250, the sale of 30,000 calls at the February 2011 $65 strike for an average premium of $1.475 [body], and the purchased of 15,000 calls at the higher February 2011 $80 strike for an average premium of $0.425 apiece. The net cost of this transaction amounts to $3.00 per contract. Transocean’s shares must rally 12.8% by February expiration in order for the investor to breakeven on the spread at a share price of $53.00. The investor may accumulate maximum available profits of $12.00 per contract if Transocean’s shares surge 38.3% to $65.00 by expiration day. The spread initiated in the November contract is similar in its bullishness, although differs with respect to the lopsided nature of the wings, time to expiration, and strike price selection. In this trade the investor the purchased 19,500 in-the-money calls at the November $45 strike for an average premium of $6.175, and sold the same number of calls at the higher November $55 strike for an average premium of $2.22 each. The third leg of the trade is half the size, that’s 9,750 calls purchased at the November $65 strike for an average premium of $0.725 apiece. The investor or investors responsible for these transactions are well positioned to benefit handsomely from bullish movement in the price of the underlying shares in the months to come.

AKAM – Akamai Technologies, Inc. –
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Covered-Call Sellers Make Note of Exits on American Airlines Parent Corp.

Today’s tickers: AMR, AIG, C, GME, HD, XLP, ALL, CMC, QLGC & YUM

AMR – AMR Corp. – Bullish investors engaged in covered-call selling on AMR Corporation this afternoon after its subsidiary, American Airlines, revealed February passenger unit revenue increased between 6.5% to 7.5% as compared to roughly the same time a year ago. The so-called buy-write strategy took off amid an 11% rally in the price of the underlying stock to $9.93. Options traders sold approximately 16,300 calls at the March $11 strike for an average premium of $0.09 apiece, and simultaneously purchased an equivalent number of AMR-shares when the stock was trading at approximately $9.84 each. The net price paid per AMR-share amounts to $9.75 apiece because of the $0.09 per contract financing provided by the sale of the call options. Investors utilizing the buy-write strategy are positioned to accumulate maximum potential gains of 12.82% if shares rally through $11.00 by expiration day. The covered-calls provide an effective exit strategy for investors, who walk away with 12.82% profits if AMR shares rally to $11.00, and if the underlying shares are called from them at expiration.

AIG – American International Group, Inc. – Insurance firm, American International Group, already reported plans to sell two units for $51 billion, but speculation that it may sell additional assets sparked rampant options trading activity on the stock this afternoon. Shares surged more than 18% to $34.34 at times during afternoon trading. Options investors exchanged more than 224,000 contacts on AIG as of 2:30 pm (ET), and traded more than two call options on the stock for each single put option in play. Two-way trading traffic in out-of-the-money call options is evident, but it looks like – in most cases – more calls are being purchased than sold. The nearest-to-the-money March $35 strike had more than 37,000 calls trade today versus that strike’s previous existing open interest of just 12,297 contracts. More than 12,300 calls were purchased for an average premium of $0.89 apiece. The higher March $40 strike had 12,900 calls picked up by bullish individuals who paid an average $0.25 premium per contract. Finally, the March $45 strike attracted buying interest in the amount of 3,200 calls for an average premium of $0.18 each. More than 7,000 contracts changed hands at the March $45 strike, which trumps existing open interest of just 2,489 lots. It is likely that a large portion…
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MGM Mirage Losses Inspire Downside Plays in Options

 

Today’s tickers: MGM, ANF, JPM, XLP, XNPT, HANS & SIRI

MGM – MGM Mirage, Inc. – The Las Vegas Strip’s largest casino owner posted a wider-than-expected fourth-quarter loss of $0.25 per share, which underwhelmed analysts anticipating an average loss of just $0.14 a share. Mirage’s shares fell nearly 7% today to $10.85 following the earnings disappointment. One options investor, who does not expect MGM’s luck to change anytime soon, established a medium-term bearish trade on MGM to position for continued downward movement in the price of the underlying stock through June expiration. The trader purchased 2,000 puts at the now in-the-money June $11 strike for a premium of $1.68 apiece, and sold 2,000 puts at the lower June $8 strike for $0.52 each. The net cost of the debit put spread amounts to $1.16 per contract. Maximum available profits of $1.84 per contract accumulate for the pessimistic investor if the casino-operator’s share price slumps another 26.25% lower to $8.00 by expiration day.

ANF – Abercrombie & Fitch Co. – Short straddle plays initiated on clothing company, Abercrombie & Fitch, suggests investors expect ANF-shares to remain range-bound and anticipate lower volatility in the price of the underlying stock through March expiration. Shares of the teen and ‘tween haven for micro-mini jean skirts and pre-destroyed t-shirts rallied 1% to $35.72 today. However, straddle-sellers apparently foresee little movement for shares in either direction from the current value. Investors sold approximately 6,600 puts at the March $35 strike for an average premium of $1.44 apiece in combination with the sale of 6,600 calls at the same strike for $1.46 each. The average gross premium pocketed on the transaction amounts to $2.90 per contract. Traders retain the full premium received today if Abercrombie’s shares settle at $35.00 at expiration. Investors are vulnerable to losses, however, in the event that shares trade outside of the effective breakeven points. Losses accumulate should shares rally above the upper breakeven price of $37.90, or if the stock falls below the lower breakeven point at $32.10, ahead of expiration day in March.

JPM – JPMorgan Chase & Co. – A large-volume ratio call spread enacted on banking institution, JPMorgan Chase, indicates one big options player expects shares of the underlying stock to rally significantly by June expiration. The firm received an upgrade to ‘buy’ from ‘hold’ with a 12-month target share price of $49.00 at Sandler O’Neill today as…
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Technology Bull Boosts Optimism

Today’s tickers: XLK, EEM, XLP, WLP, DTV, AMAT & EEM

XLK – SPDR Technology Select Sector ETF – A massive calendar roll was initiated on the Technology Select Sector exchange-traded fund today. Shares of the ETF, which corresponds to the performance of publicly traded equities of companies in the technology sector, rallied nearly 0.5% to $22.29 during the session. One investor sold roughly 73,900 calls at the now in-the-money December 22 strike for a premium of 41 cents per contract. The trader likely purchased the options for 40-49 cents premium per contract back on September 18, 2009, when shares of the XLK were at $20.87. The closing sale of the original call position today was spread against the purchase of 73,900 fresh calls at the higher January 23 strike for 24 cents each. The calendar roll indicates the investor expects shares of the fund to reach a new 52-week high by expiration in January. Profits amass on the new bullish stance if shares rally above the breakeven price of $23.24.

EEM – iShares MSCI Emerging Markets ETF – A large-volume put spread traded in the June contract on the emerging markets fund this afternoon. Shares of the ETF stand 0.15% higher to $41.03 as of 1:45 pm (EDT). It looks like investors, who are likely long shares of the underlying, are purchasing long-term downside protection on the EEM. Approximately 49,000 puts were picked up at the June 38 strike for an average premium of 2.95 apiece, and spread against the sale of roughly 43,000 puts at the lower June 28 strike for 65 cents each. Perhaps put spreaders fear emerging markets could encounter a few speed bumps as the global economy continues to fight its way out of recession in 2010. Traders employing the put plays are protected if shares of the fund dip back down through $38.00 by expiration in June.

XLP – Consumer Staples Select Sector SPDR – The XLP ticker symbol launched to the top of our ‘most active by options volume’ market scanner today after a huge chunk of call options changed hands. Shares of the fund, which replicates the total return of the Consumer Staples Select Sector of the S&P 500 Index, gained 0.5% during the trading day to $26.90. Approximately 106,000 call options traded at the January 27 strike for an average premium of 32.5 pennies per contract. Open interest of 116,354 contracts at…
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TiVo Implied Volatility Jumps With Share Price Gains

Today’s tickers: TIVO, ORCL, MSFT, VLO, BRCM, XLP, AMZN, MSFT & ELN

TIVO – TiVo, Inc. – Shares of the provider of technology and services for digital video recorders are soaring 8.5% higher to stand at the current price of $12.44. Investors expecting continued bullish movement in the price of the underlying purchased call options across multiple contracts. Near-term optimists picked up 6,500 calls at the November 12.5 strike for 86 cents each. Meanwhile, the higher November 15 strike had 1,600 calls coveted for about 25 cents apiece. Other traders looked to the December 12.5 strike where it seems some 5,000 calls were purchased for approximately 95 cents each. Finally, call spreads were transacted in the February 2010 contract. Investors purchased 3,000 calls at the February 12.5 strike for an average premium of 1.41 each, and sold 3,000 calls at the higher February 15 strike for about a dollar apiece. Option implied volatility on TIVO jumped 18% from an opening reading of 62% to an intraday high of 73%.

ORCL – Oracle Corp. – The software company is trading just 65 cents off the 52-week high of $22.90 today with shares up 0.25% to $22.25. Volume of 19,811 calls at the out-of-the-money November 23 strike exceeds existing open interest at that strike of 16,224 lots. The call activity appears to be the work of bullish investors buying approximately 14,500 calls for an average premium of 31 cents apiece. The December contract has also attracted the attention of option bulls. It looks like 9,000 calls were scooped up at the December 24 strike for about 40 cents each. Investors holding these contracts will profit by expiration if shares of ORCL surge 9.5% from the current price to $24.40.

MSFT – Microsoft Corp. – Investors are piling into call options on the world’s largest software maker following first-quarter earnings. The firm exceeded average analyst expectations of 32 per share by posting profits of 40 cents per share for the quarter. Shares of MSFT surged to a new 52-week of $29.20 – a 9.8% increase over the stock’s closing price – at the start of the trading day. Currently shares are slightly lower, though still up 7% to $28.44. Call options are the clear favorite with approximately 45,000 calls purchased at the November 30 strike for an average premium of 35 cents per contract. Approximately 84,400 call options traded hands at that strike…
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Counting the Silver, FedEx Bulls and Industrial Bears

Today’s tickers: IVN, FDX, XLI, HGSI, FXI, VIP, XLP & NOK

IVN - Shares of the international mineral exploration and development company surged 20% during the trading session to reach an intraday high of $10.66. The Canadian stock was fueled by reports which revealed that changes to Mongolia’s laws will help the company to complete an investment agreement on the Oyu Tolgoi copper-gold project in the near future. One investor, who had positioned himself to profit from a rally in Ivanhoe, was seen banking gains today by selling to close a long call position. It appears he originally purchased some 17,000 calls for an average premium of 90 cents each around July 30, 2009. Today he shed all 17,000 contracts for a premium of 2.05 apiece. The investor has realized approximate gains of 1.15 per contract for a total of $1,955,000. Bullish activity was seen at the March 2010 15 strike price where it looks like investor purchased 5,000 calls for one dollar apiece. Traders long the calls will profit if shares rally another 50% to breach the breakeven price of $16.00 by expiration next year. – Ivanhoe Mines Limited –

FDX - Bullish action on FedEx this afternoon boosted the firm onto our ‘most active by options volume’ market scanner with the stock trading more than 0.5% higher to $68.40. Traders shed 8,500 put options at the October 60 strike price to take in an average premium of 1.03 per contract. The full premium will be retained by these individuals as long as the puts land out-of-the-money at expiration. Investors are happy to accept the 1.03 premium in exchange for bearing the risk that the stock slips lower, and falls beneath the breakeven point to the downside at $58.97. Losses begin to accumulate for traders if FedEx trades at a price lower than the breakeven point by expiration in October. We note that the stock has remained above $60.00 since July 16, 2009. – FedEx Corp. –

XLI - The industrials exchange-traded fund has risen less than 1% to stand at $25.50. One investor took hold of a large chunk of put options on the XLI by purchasing 40,000 puts at the September 24 strike price for 25 cents apiece. This trader may be bearish, in which case he aims to amass profits to the downside if the XLI declines beneath $23.75 by expiration next month. Alternatively, the investor may have purchased…
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Whirlpool Call Buyers in a Spin Over New Chinese Factory

Today’s tickers: WHR, MRK, EBAY, RHI, XLP, MOS, GE, LSI & MGM

WHR – The manufacturer of appliances and products for home use experienced a 7% surge in shares to $53.34 after announcing yesterday that it has opened a new factory in China with another appliance company known as Hisense-Kelon Electrical Holdings. Option traders were seen buying bullish call options at the July 55 strike price where 2,800 lots were scooped up for 28 cents each. One investor was seen locking into gains by purchasing a put spread in the August contract. The August 50 strike price had 2,200 puts bought for 2.61 apiece spread against the sale of 2,200 puts at the lower August 44 strike for a premium of 86 cents. The net cost of the spread amounts to 1.75 and yields maximum potential profits of 4.25 if shares of WHR recede to $44.00 by expiration next month. Finally, additional bullishness was observed as high as the August 60 strike price where traders bought 1,200 calls for an average premium of 1.37 per contract. Option implied volatility on Whirlpool has been steadily rising over the past two days, opening at about 53% on Wednesday and increasing to the current reading of 60%. – Whirlpool Corp.

MRK– The pharmaceutical company appeared on our ‘hot by options volume’ market scanner this afternoon after a ratio put spread was implemented in the October contract. The investor responsible for the transaction appears to be positioning for continued downward movement in the stock. Shares are currently lower by less than 0.5% to $27.69. The ratio spread involved the purchase of 5,715 in-the-money puts at the October 29 strike price for a premium of 2.70 each against the sale of 11,440 puts at the lower October 26 strike for 1.20 per contract. By selling twice as many puts, the investor reduced the cost of the transaction to just 30 cents. Thus, he will attain the maximum profits available of 2.70 if the stock declines to $26.00 by expiration. – Merck & Co., Inc.

EBAY – Shares of the online marketplace have enjoyed a rally of more than 4% today to arrive at the current price of $18.61. Investors who are hoping for continued upward movement in the price of the underlying were seen positioning themselves in the August contract. Approximately 6,500 call options were coveted at the August 20 strike price
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Bears in the Butterfly Garden

Today’s tickers: MS, EXPE, FCX, VIX, XRT, GPS, XLP & WFC

MS – A massive, albeit lopsided, butterfly spread was established on MS today amid a more than 3.5% decline in shares to $25.19. The highly bearish play was initiated by an individual who expects to profit from significant declines in the price of the underlying by expiration in October. The butterfly spread defied typical parameters seen in the strategy. The body of the spread involved the sale of 20,000 puts at the October 21 strike price for 1.45 apiece. But, the lower wing, which would typically have half as many contracts as the body, also had 20,000 puts which were purchased for 79 cents each. Finally, the conventional upper wing at the October 25 strike had 10,000 puts bought for 3.19 per contract. The bottom-heavy wing with twice as many puts as the upper wing suggests that the trader is prepared for shares to slip beneath $18.00 by expiration. If shares slipped beneath the lower strike price, the trader, who is still net long 10,000 put options, would see the value of the puts appreciate. Perhaps this investor is banking on a renewal of financial calamities by the fall. – Morgan Stanley

EXPE – Bearish sentiment on the online travel company was apparent after one trader spawned a butterfly in the October contract. This individual probably doubts that the demand for travel and vacation accommodations is heading anywhere but south given rising unemployment statistics. Shares of EXPE have slipped along with the broader market today by 1.5% to $13.59. The butterfly spread was initiated through the sale of 22,000 puts at the October 10 strike price for a premium of 47 cents apiece. The body was flanked by the purchase of two wings. The higher October 15 strike had 11,000 puts purchased for 2.56 per contract and the lower October 7.5 strike also had 11,000 puts picked up for 18 cents apiece. We would like to point out that unlike traditional butterfly spreads, which have equidistant strikes, this butterfly was born with lopsided wings as the lower strike is just 2.5 below the central exercise price rather than 5 points. The investor has realized a net cost of 1.80 and will begin to amass profits beneath the breakeven point at $13.20. Maximum potential profits of 3.20 would be attained if shares of EXPE drop to $10.00 by
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Bullish Vibes Radiate From Energy Fund

Today’s tickers: XLE, USU, XLP, MYGN, NYX & ELN

XLE – Investors were observed making bullish plays on the energy ETF today amid a modest share price rally of less than 1% to $48.17. The August 49 strike price had more than 10,000 calls purchased for an average premium of 2.09 per contract. Traders long of the calls are hoping to see shares of the XLE increase 6% to breach the breakeven point at $51.09 by expiration. Elsewhere, investors shed 10,000 puts at the January 2010 45 strike price for 3.65 apiece. It would seem that the put-sellers expect shares of the energy fund to remain higher than $45.00 at the start of 2010. The full premium received today for writing the puts is retained as long as the puts land out-of-the-money by expiration. Investors short the contracts bear the risk of having shares put to them at an effective price of $41.35. – Energy Select Sector SPDR

USU – The supplier of low enriched uranium (LEU) for commercial nuclear power plants was launched onto our ‘most active by options volume’ market scanner after a massive bearish play was initiated on the stock. Shares of USU are currently off by less than .5% to $5.30. An investor looking to extend downside protection on the stock through expiration in October appears to have sold 47,500 puts at the July 5.0 strike price for a premium of 40 cents apiece. The trader then purchased 47,500 puts at the October 5.0 strike for 1.00 per contract. The net cost of the spread amounts to 60 cents or a total of $2,850,000. It is unclear whether the investor was long 47,500 puts prior to today’s transaction. If he were originally long the puts, the trade today would merely represent an extension of downside protection through expiration in October. However, if the trader has sold 47,500 puts short in the July contract to fund the purchase of the October puts, he bears the risk of having shares of the underlying put to him at an effective price of $4.60 by expiration. Downside protection on the October 5.0 strike puts kicks in beneath the breakeven share price of $4.40. – USEC, Inc.

XLP – Shares of the consumer staples ETF have rallied approximately 2% to $23.45. The fund caught our eye after some 7,500 puts were purchased in the January 2010 contract at
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Phil's Favorites

The PhilStockWorld.com Weekly Webinar - 10-21-2020

For LIVE access on Wednesday afternoons, join us at PSW!

 

Major Topics:

00:00:09 - Checking on the Market
00:02:06 - Petroleum Status Report
00:03:05 - Currencies
00:04:04 - EIA Report
00:06:17 - Trading Techniques
00:07:01 - Current News
00:10:27 - 2020 Growth Projection
00:12:32 - Stimulus Hopes
00:13:17 - S&P 500
00:18:23 - Corporate Bonds | JNK
00:26:45 - Economic Stimulus Act 2008
00:34:43 - COVID-19 Update
00:41:27 - LTP
00:42:43 - STP
00:42:11 - Dividend Portfolio | Earnings Portfolio
00:42:32 - Future is Now Porfolio
00:42:37 - Money Talk Portfolio
00:42:43 - Newsletter Portfolio
00:42:57 - Butterfly Portfolio
00:43:34 - Global Economic Activity...



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Biotech/COVID-19

COVID-19 causes some patients' immune systems to attack their own bodies, which may contribute to severe illness

 

COVID-19 causes some patients' immune systems to attack their own bodies, which may contribute to severe illness

In autoimmune diseases, circulating antibodies destroy an individual’s own tissues. JUAN GAERTNER/SCIENCE PHOTO LIBRARY/Getty Images

Courtesy of Matthew Woodruff, Emory University

Across the world, immunologists who retooled their labs to join the fight against SARS-CoV-2 are furiously trying to explain why some people get so sick while others recover unscathed. The pace is dizzying, but some clear tr...



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ValueWalk

Arquitos Capital Management 3Q20 Commentary: MMAC Is Undervalued

By Jacob Wolinsky. Originally published at ValueWalk.

Arquitos Capital Management commentary for the third quarter ended September 2020, discussing how their historical holdings MMA Capital (MMAC), Westaim (WED.V), and Enterprise Diversified (SYTE) are historically undervalued.

Q3 2020 hedge fund letters, conferences and more

There is nothing noble about being superior to your fellow man; true nobility is being superior to your former self. - Ernest Hemingway

...



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Zero Hedge

Stimulus Stalemate Sparks Slump In Stocks, Bonds, Oil, & The Dollar

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Day after day the algos excited pumped and dumped stocks on the back of 'hope' and 'nope' headlines about the next round of COVID-19 relief from Washington. By the end of the week, stocks were down, bond (prices) were down, oil was down, the dollar was down, and economic data was down...

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How to track your mail-in ballot

 

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Make sure you know when your ballot is arriving, and whether it’s been accepted for counting back at your election office. erhui1979/DigitalVision Vectors via Getty Images

Courtesy of Steven Mulroy, University of Memphis

Many voters who want to participate in the election by mail are concerned about when they’ll receive their ballot – and whether it will get back in time to be counted.

The pandemic has caused interest in ...



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Kimble Charting Solutions

Doc Copper/Gold Indicator Breaking Out Again?

Courtesy of Chris Kimble

The Doc Copper/Gold ratio broke above a 2-year falling channel back in 2016 at (1). Following this breakout, it rallied for the next year. During that year, Copper related assets did very well!

The ratio peaked in the summer of 2018 and created a series of lower highs over the past two years.

The strength of late has the ratio attempting to break above dual resistance at (2).

If the ratio continues to push higher and succeeds in breaking out, Copper, Basic Materials (XLB), and ...



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Chart School

Dow Gann Angle Update

Courtesy of Read the Ticker

Time to see what happens to the Dow post US elections.

The Dow Gann Angle Target 3 (from 2007 top) is on the table, and what a ride that will be. The FED went BRRRRR is all the fundamental news you need to know. Gann angles are very good tool to see how the masses are pushing price.


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The last two US elections saw Bitcoin and the DOW rally well for 6 months, due to stimulus. The most bearish 2020 US Election case for the markets is a Biden win with the Senate and Congress controlled by the Democrats, somehow this blog feels that is very unlikely. So what could go wrong!


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Digital Currencies

Bitcoin: the UK and US are clamping down on crypto trading - here's why it's not yet a big deal

 

Bitcoin: the UK and US are clamping down on crypto trading – here's why it's not yet a big deal

Where there’s a bit there’s a writ. Novikov Aleksey

Courtesy of Gavin Brown, University of Liverpool

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a...



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COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

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The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
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  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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