12 Jan 2024

Persistently Lowered 4Q23 Earnings Bar Likely To Help S&P 500 Break Out, Bulls Hope This Is Not Used As Opportunity To Lock In Gains

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

The S&P 500 – a stone’s throw away from a fresh high – has gone sideways the past two weeks at just under 4800. Thursday’s CPI-induced selloff was bought. Persistently lowered 4Q23 earnings estimates can act as a tailwind for … Continued

29 May 2018

SPY Stuck Within Box Last 2 Weeks – Double Calendar Spread For Theta Capture

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

SPY has broken out of late-January trend line, but acts lethargic, even as short-term technicals are in overbought territory.  Options can help. Since the bull market began in March 2009, time and again shorts have lent a helping hand to … Continued