Today was Quadruple Witching (the simultaneous expiration of stock index futures, single-stock futures, stock options and stock index options) and was the highest level of contracts expiring since 2020. As the price of in the money contracts turned out of the money today that created a Gamma Squeeze making an artificial pop in the markets. … Continue reading
D&D Note (12.7.2020) ~ All Eyes Back On Stimulus After Last Weeks Jobs Report ~ Stocks traded mixed today on light volume. After last weeks bad jobs report investors are now expecting to see some sort of stimulus being passed this week. There is a $908 billion Covid relief package on the table potentially being … Continue reading
D&D Note (10.6.2020) ~ Markets Tank After President Calls Off Stimulus Talks Until Post Election Despite FED Chairman Calling For Congressional Stimulus ~ Stocks traded choppy in cash trading today from gains to losses throughout the session weighing all the current risks. The Presidents health is still in focus but the main driver is Congressional … Continue reading
D&D Note (8.27.2020) ~ Markets Unsure What To Do With New FED Policy With A Rally Then Selloff Then Rally Again Today ~ The FED policy announcement this morning by Chairman Powell left investors a bit confused on wether to buy or sell. The new policy is the FED will shift to an “average inflation … Continue reading
D&D Note (7.30.2020) ~ Stocks Mixed On GDP With Tech Standout Gainer Ahead Of Earnings ~ The major indices all gapped down to open todays session. The NASDAQ rebounded into the green in the afternoon ahead of Big Tech earnings from Apple, Amazon, Alphabet, and Facebook. Apple – Beat with record results and plans 4-for-1 … Continue reading