Already Dropping, Nothing From The VIX?
The negative divergences and signals we’ve been noting have seen some follow-through, and we might not be done just yet.
Building Negative Divergences
Negative divergences are starting to build up, though previously mentioned AAPL and MSFT have kept indices composed, for the most part..At least for now. Is the VIX getting ready to spike?
Markets Meet CPI: VIX Crush Or Push?
Indices are struggling to push higher this week, though downside has been very limited as of yet. Tomorrow morning we will see the CPI report premarket. Will this shake the market out of its slumber?
Is QQQ Trying To Leave The Party Early?
Negative divergences emerged this morning as QQQ had a sharp intraday drop, only to be “saved” for a relatively flat close. Welcome to OpEx! But can CPI and PPI as well as Powell perhaps make this week a little more interesting than some?
Overbought Heading Into OpEx?
Broader indices are showing signs of needing a breather, but heavyweights AAPL and MSFT point to the possibility of yet another push higher which may yet extend our wait for a deeper pullback.
Change Is In The Air…
QQQ hit our 515 target and SPX is a stones throw away from 6000. The VIX has reached 15. This is where it gets tricky..
Approaching Resistance
We saw GEX’s “predictions” play out nicely with the aftermath of the US Presidential elections, but we’re quickly approaching short-term resistance. Will we blast through or is it time for a pause? FOMC tomorrow may have a part to play in the outcome.
Bullish Expectations Remain..For Now
Markets rebounded today, possibly signaling some degree of confidence that we will have a winner announced in short order. We also noticed bullish realignment of SPX GEX, with higher strikes reflecting shorter term expiries than before. Will we see 6000 sooner than expected?
“Catalyst Week” 2024!
As the election approaches, the VIX appears ready for a spike, yet we also see several stocks and indices poised for a possible rebound. Which is correct? Are both correct, but on different timeframes?
Setting The Stage For Year-End 2024
SPX closed 10 points lower than it did for the week ending September 23, also its 2nd down week in a row. Are we heading for an election low point or will we rally for a couple of days and then head lower? Will the election even serve as a pivotal juncture?
Trick Or Treat? Looks Bleak…
The market decided to gap down this morning following MSFT and META earnings, and AAPL and AMZN have fallen further after hours on their own reports. Seasonality happens..
One More Pump?
We are in the thick of earnings reports for big tech names, with MSFT and META (“the Ms”) reporting after hours today. Tomorrow evening we have AMZN and AAPL (“The A’s”) reporting. Are we really going to chop sideways until Friday?
Go Time: Big Tech Earnings
GOOG, SNAP, and AMD have now reported, with GOOG and (amazingly) SNAP both going up quite a bit after hours and AMD dropping. What do the indices look like heading into tomorrow?
Seasonality Revisited & More
The market seems to be taking a pause prior to big tech earnings this week, which is to be expected, but in today’s newsletter, we look at potential clues that may point toward the post-earnings resolution for the market.
Divergences & Potential Opportunities
Friday was highly unusual in terms of recent history, with SPY down and QQQ remaining in an uptrend with a green day. Is this a bad sign for big earnings reports coming up this week or just another trap?
Cracks Emerge…Pre-Earnings?
Cracks emerge…RIght before earnings. Sustainable, or yet another Lucy pulling the football bear trap?
Lower We Go! How Long, How Far?
We finally saw the 5762 SPX we’ve been waiting for, and the VIX spiked to 20. Is this the end of the pullback or just the beginning?
Decision Time Is Near
Another gap down today, but the cash session was positive from the opening price. The VIX saw unusual volume at 13 as well. Is this the beginning of the next leg higher, or a trap for early dip buyers?
Earnings Season Jitters?
With certain key levels breached, SPX’s bullish tilt is at risk of failing, but we still managed to find good setups for the intraday and longer dated time frames.
Onward & Upward- For Now
GEX once again led us toward an accurate picture of how we would end with week, with SPX falling short of 5900, with 5875 being the largest GEX cluster Friday (the high was 5878). Will we finally hit it this week, and what comes next?