Markets stalled at the end of the week and we attribute that to Trump’s inability to pass anything related to healthcare with John McCain defecting and also from the North Korean ballistic missile fired towards Japan. Presently, futures are flat. These events and lack of volume and momentum resulted in us leaving the SPY trade early but with a 4% return. Markets are at all time highs and this too, coupled with a super low VIX levels not seen in over two decades. Some market
That's right we are now up 641% YTD and on track to break though 1,000% by the end of 2017. The bull market continues and we take advantage of dips that make sense. We had a stroke of luck today and spotted BX (Blackstone Group LP) and we were able to get a 100% return within hours! Also, we issued an alert today on Bank of America (BAC) and hope to get a return of 25%. We will be heading into fall volitility and this can change the market dynamics.
The S&P 500 information technology sector burst in the dotcom bubble some 17 years ago and yesterday it finally recovered. The index closed at 992.29 on Wednesday, smashing through the 988.49 high set on March 27, 2000. Traders appear to have re-entered this space in anticipation of very strong upcoming quarterly earnings reports. AAPL was upgraded this week from a buy rating to a strong-buy rating in a report published on Monday, June 12th by Vetr. The brokerage currently h
The markets, S&P 500 and DOW, closed at record highs today. Investors are betting that the Fed will have no more rate hikes, this year, until December at the earliest. This has created anticipation, rightly or wrongly, of low interest rates for the foreseeable future and works to feed the bulls driving the markets higher. The CBOE Volatility Index (VIX) closed at 9.77, down 7.6%, its lowest level in 23 years! Banks, for the most part, did poorly Friday creating the dip on JP
The Dow Jones industrial average closed 123.07 points higher at 21,532.14, a record. The S&P 500 gained 0.73 percent and closed at 2,443.25, with real estate and information technology leading advancers. As we are all aware what foes up comes down. Rather than wait for a pullback and buying SPY calls we saw an opportunity to jump in and buy the puts on the SPY. We are expecting that we will have a gain of 25% or better. Yellen delivered her remarks in front of Congress on
By almost any measure, U.S. stocks are expensive but the bull market shows no signs of stopping. Will it pause? Yes! Will it pull back? Yes! Both events are good for Optik. The amount of money flowing into ETFs is one of the reasons that this market remains on a bull run. Passively managed ETFs have become incredibly attractive to investors, allowing them to pick and choose baskets of stocks representing different parts of the market. According to industry groups, more tha
Most people have heard of Bitcoin. It is a "highly volatile" peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. See: https://bitcoin.org/en/ Ethereum is another peer technology similar to Bitcoin. See: https://www.ethereum.org/ Each are catching on on populari