Last week there was no post, but in previous posts, both at the end of March and the beginning of April (see here) I continued to suggest that SPX would likely get to old highs or make new ones before a more meaningful correction took place. That has now been achieved as SPX went within 2 […]
Last week here I summed things up with: “Currently, the market is near or already oversold and likely to bounce soon if that has not already begun late Friday. Should price immediately go lower it will become even more oversold and not a place to initiate shorts.” Furthermore, I discussed that the open interest suggested that the […]
Last week here I stated “there is no reason not to expect another new high to be made as the edge continues to reside with the bulls.” That worked out nicely and I am now making a similar statement regarding next week. There is one wild card that can derail the bull run (namely Trump addressing Congress […]
Last week before the close I told my subscribers that I felt a nice gap up coming. I then wrote about my expectations for a bullish week to non subscribers here. So far that is looking good as well as the transportation and industrial sectors as I mentioned. Our entire watch list pretty much triggered […]
Snoozefest today, which while it didn’t provide much intra-day opportunity was probably much needed after the recent volatility. The volatility will surely be back soon. GOOG or GOOGL (how annoying is that) paid per clips down and so far stock taking a hit. IBM as well. You think it affects the market tomorrow? I have no clue. TLT […]
December OPEX
Last week here I wrote that if SPY could not hold over 265 early in the week it was unlikely to get back over that level until at least after Wednesday expiration because of all the high calls. SPY closed under 265 on Monday and with that came a very small pullback, but SPY didn’t […]
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