Monday brings with it the start of the November option cycle and thus I thought I’d share some of the levels I’ll be watching. Below is a chart of last week’s price action (always a great place to start when assessing current value) which shows the $SPY closing above the weekly volume weighted average price
Weekly Thoughts
It doesn’t get much better than option expiration week. Throw in a nice little pullback and increased volatility and you’ve got a market again. Lots of economic data coming out this week starting Monday with retail sales. Tuesday has the Producer Price Index (PPI) and Wednesday brings the Consumer Price Index (CPI) both of which