Stock Market Threatened by Options Market Black Swan Event
black swan
Black Swan' index flashes yellow: Wall Street is not scared
NEW YORK (Reuters) – The options-based Black Swan index may be signaling surging demand from investors for protection against a stock market crash, but Wall Street analysts see little reason to panic.
reuters.com/black-swan-index-flashes-yellow
American Eagle Outfitters Fell on Weak Earnings Outlook
American Eagle Outfitters (AEO) stock plunged 6.5% today as the company issued weak earnings guidance for the fourth quarter. The company expects fourth-quarter EPS of $0.34–$3.36. This guidance was significantly behind analysts’ estimate of $0.46.
marketrealist.com/aeo-weak-earnings-trade
Where will the S&P 500 go in 2020? Here are the most bullish and bearish strategists
With Christmas rapidly approaching, Wall Street investors are turning their attention to 2020 and what the new year will bring for the stock market.
The top strategists on Wall Street unanimously agree that next year’s performance will come nowhere near that of 2019, with only one of those surveyed by MarketWatch predicting the S&P 500 will rise 10% next year.
marketwatch.com/sp-500-2020-predictions
Jeff Bezos named businessperson of the decade by global finance chiefs
Bezos first launched Amazon in the mid-1990s as an online bookstore. It is now the world’s largest online marketplace and also rakes in revenue from its activities in cloud computing and artificial intelligence.
Trade of the Week: AMGN Amgen Inc
AMGN Amgen Inc Stock Chart 12-12-19
AMGN stock price gave us a ferocious rally that started in October. The advance showed solid volume (institutional support) and very little profit-taking.
Now the stock sits in a tight range with low volume traded. A very good sign for continuation of the previous order flow.
I'm stalking a breakout to hold for a long-term position trade.
Pete
Here is a scan of stocks from yesterday that traded DOUBLE their normal volume.
