Down sharply but firming.
It's the BOJ. It's the JPY. It's a mess.
Meanwhile, over at the Facebook, things are a bit different today.
If your business runs on an ad model, the Facebook is a great example of how lucrative it can be to hit the target, which is every media buyer's dream. The Facebook lets them get about as granular as they can.
But it also sounds like the Facebook will soon be a great example of why CEO's should stick to their company's core competence -- Zuckerberg wants a different class of stock to be used for big bets, much like Google has done with Alphabet, get it?
This smells like a recipe for eventual hubris-induced malinvestment to me.
Bot FB 115 calls (weeklies) yesterday with the Facebook trading around 107 -- purely as an earnings play based on a rising wedge chart pattern and super cheap OTM options (max loss $105 per contract). Pre-market indicates $121. Will dump them at the open -- hit & run.
JPY soars by 3%.
Higher prices across the board. A bit of volume too.
WTI crude higher. NG down over 2%.
Gold, silver, platinum, and palladium seem to like the BOJ madness, but not as much as one would think. Copper sitting out, basically flat at the moment.
Looks like the S&P wanted the down road. 2073.65 should at least get tested. Who knows if it breaks or not, but I will look to be a buyer sometime today if things line up -- yet much below 2060.63 would not be one of them. If that were to occur, this count would be immediately called into question.