2 Jun 2015

Out-Of-The-Money Naked Call On XLY — Willing to Go Short Near 77

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

The Consumer Discretionary SPDR ETF (XLY) made an all-time high of 77.89 toward the end of April, and has more or less traded sideways in the past three months – closing Monday at 76.52.  This ETF is an important one … Continued

24 Apr 2015

U.S. Housing Data Mixed: Home Construction ETF (ITB) In Focus

by | posted in: Economy | 0

This week is perfect to be discussing U.S. housing dynamics as the March sales numbers for existing and new homes were just published.  The report was mixed.  Sales of existing homes rose 6.1 percent to an annual rate of 5.19 … Continued