Breadth: SPX stocks at 20-day highs: Just keeps going back and forth from about 5% to 30%. So maybe back up next week with more stocks moving higher? SPX stocks above their 20-day MA: Starting to show some warnings signs of a bigger drop ahead if this keeps heading South. SPX stocks above their 50-day...
SPX made new highs, but the momentum stocks sure fell behind. The large caps in general are not putting in there work and they will need to pick up a bit in order to keep sustaining these new highs. There are definitely some warnings with lower highs in those names so they may struggle for...
Despite the market being up everyday last week it definitely wasn’t reflective among all stocks. It doesn’t necessarily mean stocks won’t now pick up the slack, but SPX going up everyday can only sustain itself through rotation for so long before the broader market drags it down. As of now it still seems the low...
Last week the market pulled back, which for now, can still be considered healthy consolidation. It had a large run up so it wasn’t much of a surprise to give some back as we discussed was a possibility last weekend. Next week we get clues to see if that was it and we go back...
Last week appeared very bullish, but I think our perception was probably skewed by the strength of AMZN and AAPL. Other than those two, not much was outperforming among the popular stocks. Overall, the market is holding up well and even a small pullback would still be healthy consolidation at this point. Breadth: SPX stocks...
SPY Open Interest for Mon, Wed, Friday for Week 10/1/18
If you have not yet subscribed to my weekly freebie you can do so below to get next weeks free trade IDEA (not alert – if you want an entry and exit alert you need to be a subscriber) sent to your mailbox Monday morning. Last weeks SassyOptions took the week off from the freebie. Below are […]
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