Market Event which could bring trading opportunities

Market Update (Private)

The US market closed in a positive note today, however last week focus was  risk management.  Based on the price action yesterday afternoon and today one can argue that sellers did not have any interest in engaging at current levels. Short covering initiated at -5.5% from two weeks high Strong positions were bought in Tech

Market Structure: Improving

As you can see from the picture below. The SPX structure improved yesterday.  Historically, once uncertainty is reduced the market usually  move to the next resistance area.  My opinion is that we are right at resistance.  If Bears were correct on the last liquidation. We are right on the spot where selling can resume.  PE
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Private Post – Weak reports from #AMZN and #GOOGL

This is what the market did not need today. Strong Tech Leaders taking heat after the market close on earning reports. Investors are worried about the weak profit outlook and the increased pace of spending.

Market and Commodities Update #Energy #USD

The S&P 500 and Dow fell in choppy trading after losses in energy and financial stocks, while gains in technology sector lifted Nasdaq. Most Treasuries were higher on weaker stocks. The dollar rose as the British pound and euro were pressured by uncertainty over Brexit talks and Italian budget respectively, while gold prices dipped. Oil

Strong day for SPX and NDX

SP500 surged more than two percent, supported by strong corporate results and economic data, while the dollar and Treasury yields were little changed. Oil prices rose on expectations of disruption in supply due to U.S. sanctions on Iran and tensions with Saudi Arabia. Gold prices held steady.   R Option added risk and we are

JPM earnings update

The largest U.S. bank reported a 24.5 percent jump in quarterly profit as higher interest rates and gains from tax cuts helped offset weakness in bond trading revenue. The bank by assets said net income for the third quarter rose to $8.38 billion, or $2.34 per share, from $6.73 billion, or $1.76 per share in