Last week was short but ended up being a great week for us. SPX back at all time highs and closed over 2600. Typically that would lead to continuation so we will likely see higher highs next week. Breadth: The SPX measures are not overbought or oversold and thus unhelpful to us in the short...
I went into the week saying I thought we would likely get a few very rangebound slow days and then maybe a couple good ones. Turned out we only got one real good day and luckily we were in from the beginning with the gap up. Overall though things are still really choppy within a...
Very choppy week and SPX didn’t close at all time highs for first time in a several weeks. I mentioned last week that round numbers (i.e. 2600) are very hard to get through the first time so it should be no surprise that we weren’t able to keep going once we made a new high....
What a great week with some monster winners in there. We still are in the midst of earnings season, though the bulk of the momentum stocks have already reported. SPX once again is at all time highs and likely to make a higher high again in the next couple of weeks. Breadth: SPX stocks at...
First Week of December Open Interest
Hope everyone had a lovely Thanksgiving weekend. Open Interest: SPY-W: (48 of 63 pins since Wednesday expiration inception).* The only thing that sticks out is the high 260 calls. If price opens Monday over 260 or quickly gets over that level and doesn’t look back then you want to go with because it is showing great […]
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