December 5 Stock Market Preview: The VIX continues to appear weak as indices consolidate sideways, though IWM has taken the lead to the upside, tagging 250 and closing above it. Odds favor a continued move higher, but declining GEX for QQQ and the VIX approaching 15 may give cause for concern as to the longevity of any upside move from here.

December 4 Stock Market Preview: Multiple layers of support exist beneath the indices as they maintain upside potential into year-end. IWM is taking the lead, which is encouraging, while QQQ currently lags. A near-term pullback may still leave room for a move toward SPX 7000.

December 3 Stock Market Preview: IWM’s negative divergence today gives some cause for concern, but overall, indices moved higher, and even IWM appears poised to continue higher, as long as certain key levels are held. Let’s take a closer look at the indices as well as the VIX.

December 2 Stock Market Preview: Friday’s extreme positive GEX reading on SPX seems to have served its contrarian role, with SPX dropping modestly today. We have a number of conflicting technical+GEX signals, so let’s take a closer look at what might happen next.

December 1 Stock Market Preview: With the odds of reaching SPX 7000 seeming to have increased thanks to the recent strong rebound, we may be due for a pullback to test the resolve of bulls into year-end. Tonight, we take a look at some key levels we’re watching and why the VIX may see a rebound attempt imminently.

November 28 Stock Market Preview: Indices have been rallying frantically this week, apparently heading for upside targets with a deadline in mind. The shift has been undeniably bullish in the short run, but we are now at a point where we might be encountering a case of “too far, too fast,” as hinted yesterday. The half-day this coming Friday (the next trading session) may contain some interesting signals and moves, so let’s take a look at what we believe the data suggests as the most likely paths forward.

November 25 Stock Market Preview: Indices maintained strength today and the VIX melted down, closing just above the 20-level. Is the coast clear for the bulls to sail to 7000 SPX, or is this another trap? Maybe somewhere in between? Let’s take a closer look.

November 24 Stock Market Preview: Indices concluded OpEx week with the first close below the weekly 9 SMA since the week that started the March/April drop, at least in the case of SPX and QQQ. Will this shift mark the beginning of a larger decline, or will remaining positive GEX clusters at SPX 7000 defy the warning and lead bulls to redemption (religious analogy as opposed to fund redemption)?

November 21 Stock Market Preview: Today’s big gap up ended in a spectacular reversal lower, flushing to new post-October lows by the close. When does the pain end for bulls? Let’s look at a few key levels given today’s rejection.

November 20 Stock Market Preview: Indices still refuse to show a lot of strength following the beating of the last couple of weeks, but we do see some after hours strength from NVDA following their earnings report. Will the strength last? Let’s take a look at a few metrics to watch tomorrow for clues as to the staying power of any rebound.

November 19 Stock Market Preview: The VIX attempted to move beyond the big 25 GEX cluster we’ve been watching that is set to expire tomorrow morning, facing rejection and a close right within the range GEX has suggested as we approach monthly VIX expiration. We also see some positive divergence from IWM, though nothing yet from VVIX. Can the market bounce heading into the 2nd half of the week?

November 18 Stock Market Preview: The VIX continues making higher highs, holding above the Hull Moving Average. We see positive GEX for the VIX heading into monthly options expiration Wednesday, so we might be heading for a less common market low by Wednesday. SPX and QQQ are holding below the weekly 9-SMA, yet the week is still young? What happens next?

November 17 Stock Market Preview: Friday’s gap down and solid rebound certainly looks constructive at first look, and we’re entering an event-packed week with VIX expiration, FOMC, NVDA earnings, and OpEx Friday. It’s too early to say if we’ve made a final low for the year, but we won’t be surprised if we see whipsaw volatility in both directions this week.

November 14 Stock Market Preview: Cautionary signals proved accurate, with the VIX spiking and indices receding. We are near an important area on the indices that may prompt a bounce heading into FOMC and NVDA earnings next week.

November 13 Stock Market Preview: SPX and QQQ showed negative divergence from the wildly bullish DIA today, which made a new high relative to October 29 while other indices made lower highs. The VIX is also at an important crossroads that may determine whether or not we spike to 19-20 (or higher). Let’s look more closely at the big picture.

November 12 Stock Market Preview: Indices saw some back and forth action today, still holding above key resistance-turned-support for now. The VIX may have some room to the downside, but various factors suggest a push higher for the market may not have staying power as key reversal areas are once again close by.

November 11 Stock Market Preview: Early downside action following the large gap up today ultimately gave way to a sustained rally, trending higher and closing near highs. While GEX gave us the big increase that was lacking Friday (a positive), we still have a VIX that might be deflating too quickly again, potentially limiting the duration of further upside.

November 10 Stock Market Preview: We saw an overshoot of our recently mentioned 6687 SPX target, but a nice rebound into the end of the day saw indices closing above key levels. Tonight’s newsletter will cover some interesting data points suggesting that the pullback may not be over, as well as some key levels to the upside and downside.

November 7 Stock Market Preview: Indices continued lower after yesterday’s consolidation, with SPX reaching a low of 6707 for the day. We’re getting close to an area bulls will really want to see held if we are to reach 7000 by the end of December. What’s next?

November 6 Stock Market Preview: Today’s range resulted in an attempted rebound that tested the 9-period SMA and rejected for all major U.S. indices. The VIX reached the 17s, yet closed right at 18. What else does GEX tell us today that might help us prepare for tomorrow? You’ll have to read further to find out, of course.