13 Jun 2019

After Sharp 7-Session Rally, Major Equity Indices Stall – Bears Likely To Get Active

by | posted in: Derivatives, Equities, Technicals | 0

Major US equity indices are stalling.  They rallied ferociously after bottoming on June 3 and are probably in need of digestion.  Some rallies they put up in seven sessions!  Intraday between that low and Tuesday’s high, the S&P 500 large … Continued

11 Jun 2018

SPY Breaks Out But May Need To Digest Recent Gains – Options Reflect Elevated Optimism

by | posted in: Derivatives, Equities, Technicals | 0

The S&P 500 large cap index finally breaks out of a box.  Further building on it near term may prove difficult as the options market indicates investor sentiment is sanguine right now. S&P 500 stocks made progress last week.  After … Continued