Options market waving green flag to stocks, for now

posted in: Derivatives, Equities, Technicals | 0

Options market at levels consistent with bottom in stocks, at least near-term Signal in midst of several other grossly oversold technical indicators Tone of rally to decide if it is investable or tradable bottom Extreme readings in the options market … Continued

Bulls on back foot, bears have spring in step

posted in: Derivatives, Equities, Technicals | 0

200-day moving average perceived by many as demarcation line between bull and bear market VIX surges past 17-18 and nears two-year-plus 21-22 resistance, but yet to retreat (Re) action at/near previous breakdown points to decide who wins out Defensive sectors … Continued

Probable spike-peak buy signal from VIX near-term

posted in: Derivatives, Equities, Technicals | 0

VIX action yesterday constructive for equity bulls Medium- to long-term, equities have much more to go on the downside Near-term picture beginning to change, as beaten-down junk bonds and small-caps attract bids The morning gap-down in U.S. equities yesterday was … Continued