Option Investor
Market Updates

It could get interesting

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Treasuries are seeing a decent round of selling this morning and reversing some of yesterday's losses as YIELDS are higher across the board with a greater amount of selling coming from the shorter-dated maturities.

The selling in the Treasuries may give further boost to stocks at the open as stock futures are higher as the opening bell approaches. S&P futures are trading up 6.6 points at 946.40, NASDAQ futures are higher by 11.5 points at 1,025 and Dow futures are up 60 points at 8,945.

Fair value for the S&P 500 today is $0.38. That price will not change during the session. HL Camp & Company has their computers set for program buying at $2.02 and set for program selling at $-1.30. Fair value for the NASDAQ-100 today is $1.75.

Important Launch

I'm running very late with this morning's 09:00 EST Update due to a power outage and had plans to go into great detail this morning regarding Lockheed Martin's (NYSE:LMT) $63.59 launching of its newest rocket, the Atlas 5, later today at 06:05 PM EDT from Cape Canaveral Air Force Station in Florida. Many analysts have this being an extremely important launch and success or failure could markedly impact the stock's price depending on tonight's results.

I will go into more lengthy detail this afternoon at 01:00 PM EST, but traders/investors holding a position my want to re-check their position sizes and assess account risk before today's close.

Jeff Bailey
Senior Market Technician
Option Investor

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