|Day Low/High||6.34 / 7.48|
|52 Wk Low/High||1.93 / 15.10|
While painful to longs, the market will be better for it.
But this can be a good thing, as traders create stronger moves.
The major change I see today is in the speculative trading of the cryptos and blockchain names.
Despite the potential pressure on the indices, there continues to be some good trading in individual stocks.
Breadth is slightly negative as markets ease into 3-day weekend.
Declines in the market, and bitcoin names, don't mean the party's over.
Don't underestimate how the action in the stocks of blockchain and cryptocurrency plays impacts the overall market mood.
Amended Agreement Removes Consolidated EBITDA Covenants
One group that is starting to look interesting is Master Limited Partnerships.
Investors in Remark Holdings Inc saw new options become available this week, for the July 2018 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 241 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
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