Large- and small-cap divergence continues. Versus the Russell 2000 and the Nasdaq 100, the S&P 500 is beginning to show signs of fatigue. Large-caps continue to fall behind small-caps. Not to mention tech. The S&P 500 large cap index was … Continued
The S&P 500 large cap index finally breaks out of a box. Further building on it near term may prove difficult as the options market indicates investor sentiment is sanguine right now. S&P 500 stocks made progress last week. After … Continued
SPY (SPDR S&P 500 ETF) closed at $273.60 last Friday. It is a decision time as relates to the double calendar spread hypothetically initiated last week. The spread – short June 1 273 call/long June 8 273 call/short June 1 … Continued
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