Archives: Options Income Formula: Weekly Market Analysis

Analysis for the week of 9/17/2017

Roger | September 16, 2017

U.S. markets finished the week strong with the Dow and S&P 500 hitting fresh all-time highs into the closing bell. In fact, it was the best week of the year for the blue-chips after gaining just over 2%. The Nasdaq also set an intraday lifetime high with the Russell 2000 showing the most strength on Friday. Most sectors finished in the green with Industrials showing the most strength. Consumer Discretionary and Health Care were the


Analysis for the week of 9/12/2017

Roger | September 12, 2017

U.S. markets showed continued momentum on Tuesday with the Dow and S&P 500 trading to fresh all-time highs. Some of the enthusiasm came from the debut of Apple's new iPhone and its initial starting price of $999. The Nasdaq also posted a slight gain to clear near-term resistance while the Russell 2000 showed the most strength. The Financial sector led the way higher for the second-straight session. Utilities and Real Estate were the only laggards,


Analysis for the week of 9/5/2017

Roger | September 4, 2017

U.S. markets finished higher on Friday despite a disappointing jobs report with the major indexes once again near all-time record highs. The Dow, S&P 500, and Nasdaq are less than 1% away from triggering fresh lifetime peaks with the latter closing at a record all-time high for the 46th time year. The Russell 2000 is roughly 3% away from joining the crowd after being the most volatile index following a whipsaw August. The first trading


Analysis for the week of 8/29/2017

Roger | August 28, 2017

*** NOTE this week's analysis includes a video at the bottom of this page *** U.S. markets closed higher on Friday, halting weekly skids as European Central Bank (ECB) President Mario Draghi and Federal Reserve Chair, Janet Yellen, spoke about the economy. Yellen said the economy was stabilizing but made no specific remarks about monetary policy during her speech. Draghi said recoveries taking place in global economies are firming with Europe and Japan in earlier


Weekly Formula Review for 8/20/17

Roger | August 21, 2017

U.S. markets finished slightly lower on Friday with the Energy and Utilities sectors showing strength while Consumer Discretionary and Healthcare led the decliners. Another shakeup in the White House caused some midday volatility after news Steve Bannon is out. Overall, is was another losing week for the Dow and S&P 500, their second-straight, with losses of less than 1%. The Nasdaq fell 0.6% to extend its losing streak to fourth-straight. Global Economy -European markets fell


Weekly Formula Review for 8/13/17

Roger | August 13, 2017

U.S. markets suffered their second worst week of the year despite Friday's slight rebound that ended a three-session slide. The technical damage to the major indexes hit the small-caps the hardest with the Russell 2000 breaching its 200-day moving average before holding this level into the closing bell. Meanwhile, the S&P 500 and Nasdaq failed to recover their 50-day moving averages following Thursday's close below these levels. Sectors were mixed for the week with Energy,


Weekly Formula Review for 8/6/17

Roger | August 6, 2017

U.S. markets finished Friday on a high note but the week was mixed despite the Dow setting its 8th-straight record high and is riding a 9-session win streak. The S&P 500 also edged higher for the week but has traded in a 20-point range since mid-July, or 13 trading sessions. The Nasdaq was slightly lower for the week while the 1% pullback in the Russell 2000 held near-term support. Utilities were the strongest sector last


Weekly Formula Review for 7/30/17

Roger | July 30, 2017

U.S. markets opened lower on Friday and spent most of the morning trying to gain traction. The Dow was the only index to make it into positive territory in the afternoon while notching a new all-time high and closing the week 1% higher. The Nasdaq, S&P 500, and Russell 2000 managed to pare their losses but ended the week slightly lower. The indexes held up well during the heaviest reporting week of the second quarter


Weekly Formula Review for 7/23/17

Roger | July 23, 2017

U.S. markets ended lower on Friday's slight pullback, but overall, had a good week on the run to fresh all-time highs. Lost in the shuffle was the Russell 2000 setting an all-time peak shortly after the open. Although the Dow lagged for the week, the major indexes are trying to establish a new base of support above prior resistance. Near-term volatility on the VIX tapped a historic low while medium-term volatility on the ZIV remains


Weekly Formula Review for 7/16/17

Roger | July 16, 2017

U.S. markets wrapped up a strong week following Friday's second half breakout to fresh all-time highs and prior resistance levels from early June. The Financial sector lagged on mixed earnings results while the Transports continued their run to record highs. The beginnings of a summer rally appears to be in play and will be tested as 2Q earnings season starts to heat up. Global Economy -European markets largely finished lower on Friday, with Financial stocks