Last weekend my main idea was that the market would be slow and rangebound and patience would be our main motive. Admittedly, I did not see the drop on Tuesday coming; however, it was indeed slow and rangebound except for those few hours. The market is currently still in limbo and it is unclear yet how...
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For the most part last week was more consolidation for SPX. It made a marginal higher low and then closed about five points higher than last week. It was a good week for trading and now that OPEX is over there will be less pinning to worry about. With that said, keep in mind that in...
I came into last week fully expecting things to be slow and rangebound till the Friday jobs number. I didn’t expect SPX to stay mostly at the bottom of the range, but it did stay in the range I projected. I was hoping for more out of Friday, but at this point I think the...
Although we made new highs last week we did not close near those highs Friday, which is a bit of a change in character. It’s too early to say that this current bull run is over, but for the first time in a while I think we are seeing cracks. In general I do believe...
A Trend Change? What the Open Interest Says for Next Week
Last week here I stated that the edge continued to remain with the bulls, but that I expected a slow and rangebound week. Obviously, I was wrong in that I didn’t see the range breaking to the downside; however, minus the drop on Tuesday, the rest of the week was definitely slow and rangebound. I also […]
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