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HI Financial Services Mid-Week Commentary 07-07-2015

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HI Financial Services Mid-Week Commentary 07-07-2015

Volatility is King and a killer – Kevin Hurley


Screen Shot 07-07-15 at 12.50 PM
Screen Shot 07-07-15 at 12.48 PM Screen Shot 07-07-15 at 12.47 PM


It has been tough being in a headline risk market environment.  Kind ‘a nice to have volatility help both sides of the options on the stokc.  The protective put strategy made a NET +$0.215 on a three dollar drop on BIDU and the calls we sold also lost -$0.10.  A net $0.315 or 10% on the loss of $3 on the stock. Pretty cool to make money on a stock down $3 for the day.



What’s happening this week and why?

It is all about Greece and we really have no rational market direction at this time.


Where will our market end this week?

Nobody knows so I’m not going to even guess


DJIA – Technically bearish but we held the 200 SMA.  Watch that level to hold as support

 Screen Shot 07-07-15 at 04.30 PM



SPX – Bounce below the 200SMA but it held so we are also watching that important level. 

 Screen Shot 07-07-15 at 04.30 PM 001



COMP – 100 SMA is holding and technically bearish also

 Screen Shot 07-07-15 at 04.31 PM

Where Will the SPX end July 2015?

07-07-2015          I think the 2% I expected last month will come this month due to earnings and lower oil



What is on tap for the rest of the week?=



Wed:          AA, WDFC

Thur:         PEP



Econ Reports:

Tues:           Trade Balance, JOLTS, Consumer Credit      

Wed:          MBA, FOMC Minutes

Thur:         Initial Claims, Continuing Claims,

Fri:              Wholesale Inventories



Tues –         DE:GB: Industrial Production  

Wed –         CH: PPI, CPI

Thursday – JP: PPI, GB: BOE Announcement  

Friday –     FR: Industrial Production   

Sunday –    CN: Merchandise Trade Balance



How I am looking to trade?

I am preparing for earnings and started two weeks ago.  The need to protect for a vacation came at a great time for the Greece and China market drops. 



Questions??? = Blogsite = Email


Article Links can be followed by being a Twitter follower @kevinmhurley

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