SPX went nowhere again last week and again we managed to be in the best trades. Remember after a great streak it’s easy to give money back. Don’t change how you normally position size and trade. Breadth: SPX stocks at 20-day highs: Towards the bottom of the range and where it usually bounces. Still hasn’t...
Fantastic week, mainly because we were in the two best momentum movers. Just goes to show that it only takes one or two good trades to really flourish. Now that monthly OPEX is over the high calls and puts on each stock will have greater impact again. Breadth: In general there is nothing really relevant...
Market has been giving some follow through which definitely makes it a better trading environment. The end of the week showed some signs of rotation out of tech so it may be something to keep an eye on next week. Breadth: SPX stocks at 20-day highs: Still can’t seem to hold over 30%, but based...
A very choppy week that ended with a bang. The tech/momentum stocks remained strong most of the week and several have broken out to new highs. We know that since February breakouts have not had follow through so if we actually get some follow through next week then we could be entering a different market...
SPY Open Interest Range for Mon, Wed & Quarter End Expiration
Last week here we had three expirations that didn’t give much in the way of a “best pin,” but did offer information about where there would be high put support and/or call resistance. I mentioned the high puts at 276 for Friday’s expiration and said that upon a first touch or break of that it […]
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