Tag: spy

Market Perspective 12/12/12

On the 12th day of the 12th month of the 12th year of this century there are 12 trading days left. I thought it would be interesting to see where the ETFs of the major indices are trading. One of the easiest ways to do this is by dividing the price action into quarters from

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Nervous Tick

Wednesday’s selling was more than just mom and pop worried about the fiscal cliff that they’ve been inundated with of late. In fact, if you look at this chart you can see that there has been relentless selling since the election was called Tuesday night and the cash market opened Wednesday. Perhaps THIS is the

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Thoughts On The SPY

Before reading further please consider my trading style. I sell premium in far out-of-the-money options which allows me to be less specific on technical levels. In other words, I’m not buying a put or a call that can lose value as price moves and time work against me. When you buy options the underlying needs

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SPY Weekly Options Data

Back in June of 2010 the CBOE started listing weekly options on the SPY. Here’s some interesting data about the weekly options since that date:

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1982 vs. 1974

There is no doubt been some aggressive price action over the past two weeks in the broader market. So much so that this October is off to the third best start of any, trailing that of ’82 and ’74. In 1974 the SPX had a 14.5% gain in the first two weeks and went on

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Weekly Thoughts

As earnings go, this week will be key for clues as to the overall season. So far earnings season hasn’t been that great for the bulls. Two events on the economic calendar this week that I’m watching are the FOMC statement on Wednesday and the advanced GDP on Friday. Both of these reports will give

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Weekly Thoughts

Here we are, the last week of 2010. Not expecting much but a low volume grind higher with Tuesday being the best chance for the bulls to make some new highs. For the $SPY the 19th trading day of December is Tuesday which has a good history of being positive. Whether or not that bullishness

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Weekly Thoughts

Sentiment has this market so complacent that it scares me. However, I still believe we take out 1250 and continue to grind higher into the end of the year. I tend to be away from the market for the most part during this time of year but always have a passive finger on the pulse.

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Weekly Thoughts

Things have worked out nicely for me so far in December as I was able to get fully invested in the cycle last week. The $SPY is right up against the 10/07-3/09 fib level for the third test since the 5th of November. I consider this a huge level for the broader market and expect

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Broader Market Update

As I tweeted early on Monday, the $SPY managed to stay within the overall 60-day trend. I’ve added a decent channel into that trend which shows the potential bear trap still intact that I mentioned earlier in the month. Seasonality has the first day of December as being positive and the month as a whole

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