Daily Report
The Federal Reserve is schedules to make their latest decision on whether to hike interest rates and if so by how much this week. The 2-year fight against inflation persists and the expectations of yet another Fed rate hike this week was a virtual slam dunk, (thought a phrase to go along with March Madness […]
Tom Gentile
By now, you all have likely heard of and seen the banking crisis going on and the major sell off going on in financial stocks. It may be more isolated to the regional banks versus the major banks, but almost every security in the financial sector family is getting hit. The ETF that tracks the […]
A look at the ETF’s of the three major indices today post day 1 of 2 days of Fed Chair Powell testimony. The reason these same three ETF charts are shown today is to emphasize what could be deemed a new trading range for the big three indices. A trading range is where there is […]
The Stock Market Averages are Seeing Some Bullish Follow Through Friday 2023-03-03 All week long the emphasis has been on the markets testing support and keeping an eye out for a bounce or a breakdown. Yesterday was a bullish reversal day and part of a two-day pattern called a bullish engulfing pattern. It was noted […]
A recap of the performance of the 3 major market indices is found below. After this data I am going to highlight the chart for a tracking ETF for each and highlight what is seen as support as each one is close to breaking below their respective support levels. If they do break down we […]
Whenever the markets experience a day of trade like today the first thing that comes to my mind is the song by the Ohio Players – Love Rollercoaster. Not the greatest song in history, but appropriate in describing today’s trading activity today. Fed Chair Powell spoke today with Carlyle Group Chairman David Rubenstein at The […]
We generally don’t like to take a fresh option trade the day or two prior to the Fed announcement on Interest Rates. The market is pretty subdued with trading and there isn’t a real true trend going into the announcement and the price move is more flat than volatile so making a quick profit is […]
Let’s start the week with a view of the current batch of options classified by the various means from the Morning Report Lists my tools (www.tomsoptiontools.com) provide daily. As for which one to choose to either research further or trade one can first start by assessing what your anticipated direction for the market is. If […]
Here we are at the midway point (give or take a few days) of the first trading month of 2023. On January 03, 2023 I provided images of the Morning Reports lists for all the option categories that comprise those lists. I have done this many times before in these Daily market Insight articles and […]
