Market View: Weakness in Asia (Video)

Here you have a short video First I review the trades for Fridays Broadcast and later the data for last week. Bulls are still under control but bears can try again given the price action in Asia. Video Link

Market Update – New #SPX HIGH

R Option still flat and so far the system did not see enough US Equity Buyers to enter long at current levels. If they do not appear I will not enter. I still read net sellers in US for September; this is likely to change as soon as the data for yesterday’s volume is published.

VIX TO REMAIN HIGHER

Based on Reuters data processed until now: Tracked Funds sold yesterday 0.85Bn USD in US Equities. Most of that cash went to money market, not bonds. On the other hand, SP500 Index Funds and Large-Cap Core Funds experienced inflows (at todays close I will have more data). The analysis of this data weekly data its

Adding hedges at current levels #SPX #NDX

Today’s low in NDX is a new line in the sand. Some systems turned negative in the short term.  

TECH TIME $FANG Stocks moving

Once again, divergence in Nasdaq and SP500 NDX above 0.5% and  SP500 Negative SOME FANG STOCKS

Strong Macro Data but $SPX and $NDX lower (Option Expiration)

Sp500 and Nasdaq are negative again after the drop overnight in Asian markets and new political events in the US. The new economic data is morning was positive which helped to reduce the pressure on the market. At this time the indexes are negative today. Tomorrow, we have option expiration. Weekly Jobless Claims came at