On Major US Equity Indices, Odds Could Be Tilting Bears’ Way, At Least N/T

posted in: Equities, Technicals | 0

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 Once Again Rejected At Channel Resistance – More Downside Likely Ahead

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

End-June Short Interest Dynamics Big Yawn, But Likely Factor In Current Period

posted in: Equities | 0

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

Dollar In Fed’s Bull’s Eye – Dollar Index Primed To Rally Near Term?

“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

Taking Loss On EEM Following Last Week’s Buy-Write

posted in: Derivatives, Equities, Technicals | 0

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

EEM Looks Ripe For Buy-Write

posted in: Derivatives, Equities, Technicals | 0

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