Critical Juncture Here For The S&P 500 Short Term
We're currently dancing on top of yesterday's open gap. In the Futures that corresponds to just about $1320. We've hit that level twice this morning and keep bouncing, which is to be expected given the bulls' resiliency for two years now. Should we fill this gap however we should be right back near $1320, and […]
Traders Lunch For Friday 4th March
Happy Research Sunday
Good morning folks. I'm not yet sure whether I will have enough time to write a weekly newsletter today as the launch of the new website is scheduled for tomorrow. I'm busy like Lizzy trying to wrap things up to be ready for the big launch day tomorrow. I am however starting the day off […]
Please Note The Large Gap In The S&P 500 Futures Below
Yesterday's open gap up was around 13 points. I am noting this one front and center because should we start sliding lower this gap can get filled quickly, which would lead us right back to near the $1300 level on the SPX.
INTEL (INTC) Is Still Looking Good On A Longer Term Basis
A 12month chart on INTC shows us the significance of the $22 level and the longer term narrowing trading range (light blue dotted lines)
The Steady Trader
The Steady Trader One of my brokers just alerted me that the spread between 2yr and 30yr treasury bonds are at an all time high of close to 400 basis points. That led me to look at the spread between 2yr and 10yr bonds: around 280 bps…also very wide. Two Questions; What does […]
An Options Trade Idea For December
We’ve had a good couple of days in the markets, and with immediate-term risk assets being quite oversold, the bounce we are seeing may have further to go. Soon the question will become whether this bounce leads to performance-chasing (and hence a rally) in risk assets by fund managers, or whether the global growth slowdown […]
Gold setup to the short side?
Gold has arrived at an interesting crossroad here. From the early September highs to the recent lows it has now retraced 50%, and also exactly run into its 50 day moving average (yellow line). If we think about it from a correlation point of view with equities (second chart below) , note it's fairly inverse..i.e. […]
still not much to do…but observing is critical
headline risk out of the g20 meeting is way too big to add any positions in either direction. we discussed MS yesterday and below note the chart of the XLF financials etf. if the XLF holds and bounces off the $12.50-$12.75 area it should also give us more confidence in a long-side try in MS, […]
long MS
we want to initiate a long position in MS today before the close if it looks like the stock will close no lower than $16.80