FB 149.60 ↓5.11 GOOG 949.83 ↓33.58 GOOGL 970.12 ↓34.16 Tsla 357.32 ↓12.68 Pcln 1842.12 ↓50.26 Ko 45.32 ↑0.19 Wmt 79.42 ↑0.49 VZ 46.72 ↑0.53 UA 20.21 ↑0.61 Nke 53.46 ↑0.26 Amzn 978.31 ↓31.96 Nflx 158.03 ↓7.85 Cat 105.92 ↑0.91 Lulu 51.70 ↓0.02 Avgo 243.34 ↓11.61 Adp 100.11 ↓0.66 VMW 87.63 ↓2.98 HOV 2.25 ↓0.03 Spy 243.41 ↓0.37 Dia 212.67 ↑0.81 Vix 0.00 ↑0.00 tlt 124.40 ↓0.19 Quotes from Yahoo Finance

Delphian Blog

Here Comes 2017

Posted by Andrew Vincent on Dec 29, 2016 10:49:54 AM

Here Comes 2017

The Trump rally continues….but for how much longer? A rallying stock market, rising bond yields and the return of inflationary pressures are creating new challenges for the Federal Reserve.

Investors are going to be looking past an expected increase in the benchmark rate and focusing on any signals about a more aggressive policy in the months and years ahead.

No surprise the FOMC came out and raised the Fed Funds rate by 25 basis points. Rates continue to move up too much and too fast. The market is hyperbolic in its bullishness, which has no basis in anything tangible other than optimism that Trump’s presidency will bring GDP growth and reignite corporate profit growth. It’s natural to want to be optimistic, but this rally is too powerful. At some point, early in Trump’s term, speculators will recognize the obvious: Trump isn’t a miracle worker.

Perhaps there is too much Christmas cheer and we need to take a look of Christmas past. Last January we saw the same scenario play out. Rate hike in December and the Markets went for a tumble.

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Topics: Articles

DailyWatch11092016

Posted by Michael McNelis on Nov 9, 2016 8:55:51 AM

Today's Markets

In Asia, Japan -5.4% to 16251. Hong Kong -2.2% to 22415. China -0.6% to 3128. India -1.2% to 27252.
In Europe, at midday, London -0.7%. Paris -1.6%. Frankfurt -1.5%.
Futures at 6:20, Dow -2%. S&P -2.2%. Nasdaq -2.6%. Crude flat at $45. Gold +2.6% to $1307.10.
Ten-year Treasury Yield +7 bps to 1.93%

Today's Economic Calendar

7:00 MBA Mortgage Applications
10:00 Wholesale Trade
10:30 EIA Petroleum Inventories
1:00 PM Results of $23B, 10-Year Note Auction
9:00 PM Fed's Williams: Economic Outlook

Market Summary

The S&P futures are trading at 2107 in morning trading.

Donald Trump has been elected the 45th president of the United States, beating his opponent Hillary Clinton as well as a raft of pre-election polls. "Now it's time for America to bind the wounds of division," he said in a victory speech, calling on all Americans to come together. The GOP also kept control of both the Senate and the House, giving the party greater freedom to implement its policy platform.

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Topics: Daily Market Summary

DailyWatch1172016

Posted by Michael McNelis on Nov 7, 2016 8:18:33 AM

Today's Markets

In Asia, Japan +1.6% to 17177. Hong Kong +0.7% to 22801. China +0.3% to 3133. India +0.7% to 27459.
In Europe, at midday, London +1.5%. Paris +1.8%. Frankfurt +1.6%.
Futures at 6:20, Dow +1.4%. S&P +1.4%. Nasdaq +1.6%. Crude +1.7% to $44.80. Gold -1.2% to $1288.90.
Ten-year Treasury Yield +3 bps to 1.81%

Today's Economic Calendar

8:30 Gallup US Consumer Spending Measure
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX
3:00 PM Consumer Credit

Market Summary

The S&P futures are trading at 2108 in morning trading.

U.S. futures and the dollar are posting big gains, along with shares across the globe, as bullish sentiment returned to Wall Street following the largest streak of losses on the S&P 500 since 1980. "Based on our review, we have not changed our conclusions that we expressed in July," FBI Director James Comey said in a letter to Congress,

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Topics: Daily Market Summary

Trading Options, The Common Mistakes

Posted by Michael McNelis on Oct 31, 2016 9:47:04 AM

Common Mistakes When Trading Options

Hi, my name is Michael McNelis and I am an Options Strategist with Key2Options. I want to share some of the common mistakes I see options traders make so that you can accelerate your learning curve and become a profitable trader.

As with most endeavors, we learn things by making mistakes. Options trading is no different. Let’s take a look at some of the most common mistakes I see in options trading and how you can avoid them.

  1. Not having a plan
  2. Buying options with too short of a duration.
  3. No understanding of implied volatility
  4. Failing to Diversify Strategies

Not having a plan - One of the Mantras at Key2Options is plan the trade and trade the plan. Prior to entering a trade, we review 10 years of historical trades to find optimal trading parameters for the strategy you have chosen. Prior to entering into a trade, we know how we will manage the trade if the market moves higher, moves lower or stays the same level. With Key2Options, we help you make rational trades not emotional trades.

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Topics: Articles

DailyWatch 10272016

Posted by Michael McNelis on Oct 27, 2016 8:43:24 AM

Today's Markets

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Topics: Daily Market Summary

DailyWatch 10262016

Posted by Michael McNelis on Oct 26, 2016 8:56:11 AM

Today's Markets

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Topics: Daily Market Summary

DailyWatch 10172016

Posted by Michael McNelis on Oct 17, 2016 8:28:13 AM

Today's Markets

In Asia, Japan +0.3% to 16900. Hong Kong -0.8% to 23037. China -0.7% to 3041. India -0.6% to 27498.
In Europe, at midday, London -0.9%. Paris -0.6%. Frankfurt -0.7%.
Futures at 6:20, Dow -0.3%. S&P -0.4%. Nasdaq -0.4%. Crude -0.3% to $50.19. Gold -0.1% to $1253.80.
Ten-year Treasury Yield Flat at 1.80%

Today's Economic Calendar

8:30 Empire State Mfg Survey
9:15 Industrial Production

 

Market Summary

The S&P futures are trading at 2125 in morning trading.

Long-dated government bond yields are up nicely again today nearly across the board. Leading the way are Spanish 10-years, up 11 basis points to 1.156%. The U.K. 10-year Gilt yield is higher by another 9 basis points to 1.09%. Janet Yellen's Friday afternoon speech - in which she suggested the Fed might have to tolerate higher-than-otherwise inflation - makes for a good excuse to sell today.

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Topics: Daily Market Summary

DailyWatch10122016

Posted by Michael McNelis on Oct 12, 2016 9:08:43 AM

Today's Markets

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Topics: Daily Market Summary

Options Trading Strategies

Posted by Michael McNelis on Oct 10, 2016 3:06:51 PM

Options Strategy - Key2Options Platform

Options gives you options. In traditional stock buying, most people buy and hold stocks. Some call it buy and hope. The expectation is that the market at some point will go higher and your stock price will go up. Does the market always go up? Of course not. The market can trend up, down or sideways for periods of time. Why not capitalize on major moves using options? We can use option trading for hedging positions, for capital appreciation as well as generating income.

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Topics: Daily Market Summary

DailyWatch 10032016

Posted by Michael McNelis on Oct 3, 2016 9:00:30 AM

 

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Topics: Daily Market Summary