AT40 = 31.0% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 28.1%) AT200 = 46.7% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary So much for a small bounce before continuing a decline toward oversold conditions! The jobs report for September...
After reaching a low of 11.10 today, the VIX closed at 11.57. Having been in a low Vol Environment for a while, I believe that this bounce off of the S2 Pivot Point intraday today, can be a potential low for the index. I have chosen a synthetic long position to play this out, over the next 60 days. More specifically, I sold the Nov 2018 14/12 put credit spread...
AT40 = 33.8% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 31.9%) AT200 = 47.8% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary The S&P 500 is only 1.0% off its all-time high, yet extremes and critical tests of support abound. AT40 (T2108),...
This looks like its going to collapse to under 13 tomorrow. SPY chart to follow.
Price moving out of descending triangle (bullish) right into descending wedge (bullish) resistance to perform a throwback retest before the launch up.
AT40 = 41.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary The stock market is stretched yet again based on AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs). AT40...
No reason to expect this is heading down on the monthly...barring a catastrophe.
SPX index, SKEW, VIX, US BID ASK SPREAD and stocks above VWAP
And I sure called that candlestick breakdown as well.
Still below the rising wedge and rangebound as it bounces below the P point. Think this will be a boring flat day Friday. I am short term bearish due to the break below rising wedge will be buying the dips for Nov and Dec #Santa Rally.
VIX rangebound which bodes well for bulls until significant up trend occurs which I dont think will happen this year I would continue to BTFD in SPY
Daily look at SPY breaking below its rising wedge. Will probably stay in the 2910-2920 area for EOQ but october willl probably see lower and good opp to BTD for end of year rally IMO.
A Suspect Breakout for the S&P 500 AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 56.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral Commentary The stock market is not quite out the (short-term) woods yet. Last Wednesday I pointed out why the latest bearish...
TA doesn't work with leveraged ETNs, yea yea. $SVXY hitting resistance soon.
AT40 = 48.0% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 54.7% of stocks are trading above their respective 200DMAs VIX = 11.8 Short-term Trading Call: neutral (downgrade from cautiously bullish) Commentary I am not even going to try to explain why emerging markets and trade-sensitive stocks started this week so well in the...
Nice breakout in XLF the resistance has now become support.