Bears Have Momo, But Need Extra To Break 2600 on S&P 500 In Next Several Sessions

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

The S&P 500 hurriedly jumped 6.4 percent in seven sessions.  Impatient bulls essentially handed out shorts an opportunity to once again show up at 2800.  The risk is the downside, but it is likely 2800-2600 remains intact in the next … Continued

Indices Under Pressure – Again – Bulls Need To Defend Recent Lows

posted in: Derivatives, Equities, Technicals | 0

Major US equity indices are once again under pressure, likely eyeing recent lows.  In the event they are not breached, options can offer an opportunity for nimble traders. Bears were looking at decent odds to get aggressive last week.  The … Continued

IWM Breaks Down, Daily Way Oversold – Likely Caught In Wide Range N/T

IWM is breaking down, losing one after another support.  Amidst this, the daily is grossly oversold.  A bounce can happen – or not.  This perhaps creates an opportunity for a non-directional trade involving options. Small-caps are taking it on the … Continued

IWM – Risks Elevated Medium Term, Coin Toss Near Term

Even though trade tensions particularly between the US and China have heated up, small-caps – supposed beneficiaries of a trade war – have stalled of late.  Medium term, downside risks are huge.  In the very near term, it is a … Continued