Monthly Archives: November 2016

Daily Market Update –  November 11, 2016 (7:30 AM)

The Week in Review will be posted by 10 PM and the Weekend Update will be posted by Noon on Sunday.

The following trade outcomes are possible today:

Assignments: none

Rollovers: none

Expirations:   none

The following were ex-dividend this week:    IP (11/10 $0.46)

Trades, if any, will be attempted to be made prior to 3:30 PM EDT

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Daily Market Update –  November 10, 2016 (Close)

What can you say about yesterday?

What may get more interesting is what we are going to say about events as they unfold between now and Inauguration Day.

The FOMC pretty much had its work done for it yesterday as yields on the 10 Year treasury went up by an astonishing 11%, carrying it to over 2%.

The market clearly had been afraid of a Trump victory, but then came to realize that some sectors might be clear winners, at least in the short term.

As much as most everyone willing to put their “expertise” on the line was wrong about the election outcomes, it will be hard to listen to anyone’s predictions for what comes next.

What may be a great thing is to have the economy finally coming to a point that its own momentum and growth will enable some of the economic policies and deficit spending that may await.

I would look at that only with a bullish lens.

As far as this week is going, it certainly has been bullish and I haven’t minded going along for the ride.

With some sales of calls on uncovered positions and another serial rollover of that yo-yo energy position, Marathon Oil, even as the short puts were out of the money, I thought that I may be done for the week.

Instead, it was nice to add another of those non-contributing positions to the fold, even as again reaching into 2017 to sell the calls.

I haven’t minded doing that as long as there was also the chance for some more capital gains on the shares, some more dividends and some reasonable premiums, at least for a low volatility environment.

Looking at 2016’s bottom line, I’m increasingly pleased, except for the fact that there are so few closed positions.

I do like having put more positions to work and I especially like the relative performance to the S&P 500, but those assignments tend to fuel income opportunities.

As this week comes to an end, I’m looking at next week’s monthly cycle end and a number of positions that are in play as either rollovers or assignments.

I would love to see some combination of those heading into the final month of the year and being in a good position to begin 2017.

2015 didn’t exactly do that, but 2016 has been an entirely different year and I’m looking forward to that continuing in 2017.

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Daily Market Update –  November 10, 2016 (7:30 AM)

What can you say about yesterday?

What may get more interesting is what we are going to say about events as they unfold between now and Inauguration Day.

The FOMC pretty much had its work done for it yesterday as yields on the 10 Year treasury went up by an astonishing 11%, carrying it to over 2%.

The market clearly had been afraid of a Trump victory, but then came to realize that some sectors might be clear winners, at least in the short term.

As much as most everyone willing to put their “expertise” on the line was wrong about the election outcomes, it will be hard to listen to anyone’s predictions for what comes next.

What may be a great thing is to have the economy finally coming to a point that its own momentum and growth will enable some of the economic policies and deficit spending that may await.

I would look at that only with a bullish lens.

As far as this week is going, it certainly has been bullish and I haven’t minded going along for the ride.

With some sales of calls on uncovered positions and another serial rollover of that yo-yo energy position, Marathon Oil, even as the short puts were out of the money, I may be done for the week.

Looking at 2016’s bottom line, I’m increasingly pleased, except for the fact that there are so few closed positions.

I do like having put more positions to work and I especially like the relative performance to the S&P 500, but those assignments tend to fuel income opportunities.

As this week comes to an end, I’m looking at next week’s monthly cycle end and a number of positions that are in play as either rollovers or assignments.

I would love to see some combination of those heading into the final month of the year and being in a good position to begin 2017.

2015 didn’t exactly do that, but 2016 has been an entirely different year and I’m looking forward to that continuing in 2017.

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Daily Market Update –  November 9, 2016 (Close)

What can you say about today?

The day after the election day that everyone got wrong?

Well, at least the early going 800 point loss in the DJIA futures had been pared by 500 points and maybe we were also looking at an economy ahead that could get a large infrastructure boost.

A much needed one at the expense of the deficit.

Maybe that should have been done 8 years ago and people would have been put back to work much sooner than 2016.

This morning, my only thought was to “Hang on,” as I didn’t think it would be as bad over the next few days as I might have thought as recently as only yesterday.

What it turned out to be was a gain that I wasn’t really expecting had the other side won.

From the trough of the morning’s futures to the peak just near the close, the market made up almost 1100 points.

Wow.

There, I said it again.

What a day and with some real sector winners and some real movement in interest rates, pretty much doing the FOMC’s work for it.

Let’s see what the second day of the realization of the unimaginable will bring.

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