For the first time in a while, equity bears may be looking at an opening. Bulls Wednesday defended nearest support on major US equity indices, but breach risks are rising. Kudos to the bulls who this year have withstood many … Continued
SPY last week was rejected at channel resistance, coming up $0.63 short of surpassing the all-time high of $286.63 reached January 26. The path of least resistance is down. A covered put might help. There are interesting dynamics at play … Continued
Much ado about nothing! Really. A lot happened in the second half of June. The 1.3-percent rally in the S&P 500 large cap index between June 15th and 30th belies the crazy roller-coaster ride those two weeks went through. First, … Continued
“Manufacturing and net exports have continued to be hard hit by slow global growth and the significant appreciation of the dollar since 2014… Low oil prices have also resulted in large-scale layoffs in the energy sector and adverse spillovers to … Continued
Markets are acting very fidgety. Emerging ones are no exception. On Monday, off Friday’s intra-day high, VIX, the S&P 500 Volatility Index, dropped 16-percent plus. Yesterday, at one point it was up 17-percent plus. TLT, the iShares 20+ Year Treasury … Continued
After a three-month 17-percent drop, EEM, the iShares Emerging Markets ETF, looks ripe for an options trade. On May 22, 2013, Ben Bernanke, then-Fed chair, suggested that the Fed would begin tapering back nearly $70 billion in monthly purchases of … Continued
Chinese stocks have been on fire! From an intra-day low of 36.62 on June 24, FXI (iShares Trust FTSE-Xinhua China 25 Index Fund) shot up nearly 13 percent to 41.30 in a little over a month (by July 29, to … Continued