Tomorrow, Friday the 19th, is expected to be a high volume and high volatility day on the stock market. It is what investors call, "quadruple witching", where four option contracts expire on the same day. Investors will be trading more than usual to come out favorable from their position.
Also affecting the stock market will be the IPO of Alibaba and the vote on the independence of Scotland. The result on the vote is expected Friday morning. I believe that there will be many ups and downs throughout the day, but the bull market will continue and the S&P and Dow will close at a higher level. How do you think the Alibaba IPO and the vote for Scotland's independence affect the market?
Source: http://blogs.wsj.com/moneybeat/2014/09/18/pump-up-the-trading-volume-friday-brings-quadruple-witching-scotland-and-alibaba/
It is interesting that all these events are occurring on the same day. The confluence of expiring contracts happens once a quarter, but there will be extra activity in the market due to the the fact that there may be a new potential largest IPO and Scotland's vote independence. Alibaba is the international version of eBay and has already developed into a billion dollar corporation. It is intriguing that Scotland is deciding to leave the U.K. after 300 plus years together.
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