Ride of the "Volkeries"
Credit Suisse Managing Director Zoltan Poszar offered a stark warning to investors in his latest note, likening what the Fed has in mind for the stock market to the Air Cavalry's attack on the hapless village in Apocalypse Now.
The 1970s Bear Market Analog
On Saturday, ZeroHedge reported that Wall Street's most accurate analyst, Bank of America's chief investment strategist Michael Hartnett, sees a strong parallel between our current market environment and the bear market that occurred during the 1970s:
On CNBC’s “Halftime Report Final Trades,” Jon Najarian said there was “unusual activity” in Royal Caribbean Cruises Ltd (NYSE: RCL). “I bought that,” he added.
It could be time to buy the VanEck Vectors Oil Services ETF (NYSE: OIH). It’s oversold and it's also at support. Both of these dynamics may result in a rally.
On Friday, shares of VanEck Vectors Oil Services ETF (NYSE:OIH) saw unusual options activity. After the option alert, the stock price moved down to $186.72.
VanEck Vectors Oil Services ETF (NYSE:OIH) shares experienced unusual options activity on Monday. The stock price moved down to $183.35 following the option alert.
Shares of VanEck Vectors Oil Services ETF (NYSE:OIH) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved up to $185.0.
VanEck Vectors Oil Services ETF (NYSE:OIH) shares experienced unusual options activity on Friday. The stock price moved down to $190.83 following the option alert.