SPY QQQ IWM 4-26-13
As seen above, the markets were very resilient this week. With the swift movements this market is making, it’s probably best to remain nimble and keep position sizes small. Let’s take a look at what sectors led the market in order to gauge overall sentiment.
Sector Performance 4-26-13
Energy, materials, and financials led while utilities, health care, consumer staples trailed this week. Last week, energy was the worst performing sector and consumer staples was one of the best performing. This constant rotation is confusing and the best anybody can do is try and ride the waves using smaller size or stay out until there is more clarity.
WYNN SBUX TSLA DIS LNKD CERN 4-26-13
The stocks above are holding up well in good and bad times. I’m looking at long call verticals or short put credit spreads on volume-backed breakouts. We’re in the middle of earnings season and I am never in a position through earnings so you’ll find eps dates below, provided by Finviz.
Earnings 4-23-13
Wynn (WYNN), Cerner (CERN), and Starbucks (SBUX) reported this week already while Disney (DIS), LinkeIn (LNKD), and Tesla (TSLA) are still affected by earnings.
Good luck!
Options Trading
What Led The Market This Week? (And Watchlist)
SPY QQQ IWM 4-26-13
As seen above, the markets were very resilient this week. With the swift movements this market is making, it’s probably best to remain nimble and keep position sizes small. Let’s take a look at what sectors led the market in order to gauge overall sentiment.
Sector Performance 4-26-13
Energy, materials, and financials led while utilities, health care, consumer staples trailed this week. Last week, energy was the worst performing sector and consumer staples was one of the best performing. This constant rotation is confusing and the best anybody can do is try and ride the waves using smaller size or stay out until there is more clarity.
WYNN SBUX TSLA DIS LNKD CERN 4-26-13
The stocks above are holding up well in good and bad times. I’m looking at long call verticals or short put credit spreads on volume-backed breakouts. We’re in the middle of earnings season and I am never in a position through earnings so you’ll find eps dates below, provided by Finviz.
Earnings 4-23-13
Wynn (WYNN), Cerner (CERN), and Starbucks (SBUX) reported this week already while Disney (DIS), LinkeIn (LNKD), and Tesla (TSLA) are still affected by earnings.
Good luck!
Share this:
Related