Current SPY support level is at $320, also the 50-days M.A. on SPY, and we remain bullish during this earnings season. Additional pullbacks are expected and we look to buy near $320. First Federal Open Market Committee meeting of 2020 this week To...
Read MoreWith market volatility, as measured by the “CBOE S&P Market Volatility Index (VXX)” has sunk back down to pre-teen levels of 12. While it can certainly stay low, this basically represents a floor in the price. And sets up an attractive...
Read More
Markets higher today behind strong earnings and cooling fears over the Chinese coronavirus Markets traded higher today behind strong earnings and cooling fears over the Chinese coronavirus. Chinese officials reported heightened measures to counter...
Read MoreAs “Charles Schwab (SCHW)” led the charge into zero commission trading — which was quickly followed by everyone from other discount brokers such as “E*Trade (ETFC)” to full-service funds such as Fidelity — was rightly viewed as a boon...
Read MoreOption activity can help confirm other indicators Using option activity as an indicator of impending price moves is difficult, subjective, and unreliable. That being said, it can help confirm other indicators and increase the probability of a...
Read More
Markets reach new highs Markets are maintaining gains and reaching new highs off yesterday’s signing of the “phase one” U.S.-China trade deal as well as strong economic data in the form of earnings and the latest Beige Book. Positive economic...
Read More
Partial U.S.-China trade agreement brings intraday record highs for U.S. stocks Major U.S. indices set intraday record highs following today’s signing of the partial U.S.-China trade agreement and a strong start to Q4 earnings season. Chinese...
Read More