WEEKLY MARKET DIGEST: NASDAQ HIGH, QUADRUPLE WITCHING, PAIN IN SHANGHAI AND ATHENS, AND GOLD BUGS ENCOURAGED $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) NASDAQ HIGH, QUADRUPLE WITCHING, PAIN IN SHANGHAI AND ATHENS, AND GOLD BUGS ENCOURAGED June 19, 2015 Yesterday NASDAQ hit a record intraday high surpassing the record from 15 years ago. Today is quadruple witching. Stock index futures, stock index options, stock options, and single stock futures expire today. Expect volatility. Part of this week’s up-move is attributable to buy side bias in quadruple witching. It is not uncommon for such gains to reverse on the