$SPX looking at new high

December 1, 2015 6:16 pm / Published in SP500, SPX, SPY
We finally trading out of the range to the upside and most of the market views are pointing to the upside. Markets will look for clues regarding the Fed’s decision when Chair Janet Yellen speaks on the economic outlook before the Economic Club of Washington. She also gives welcome remarks before the National College Fed

$OPEC push oil lower

November 30, 2015 5:07 pm / Published in SPX, SPY
Indexes ended in red amid declines in health and consumer discretionary shares, while Treasuries registered modest gains. Prospects of further European Central Bank stimulus dragged the euro lower and pushed the dollar to its highest level since mid-March. Estimation of higher OPEC output pushed oil lower, while gold advanced.

Range trading $SPX again – It wont last forever

November 30, 2015 3:19 pm / Published in SPX, SPY
Consumer Stables improving                                     The flat week really helped pull the market out of overbought territory and set us up, from a technical standpoint, to move higher throughout the rest of the year. We still want to see

Short not pushing lower $SPX

November 27, 2015 5:23 pm / Published in SP500, SPX, SPY, USD
If the market is not trading lower there is only one direction it could take. The current range trading cannot last much longer. Because of the American holidays I might give the benefit of the doubt if we don’t trade to 2100. Indexes were little changed with early reports on the holiday shopping suggesting weak turnout weighed on

$SPX – shorts getting ready

November 25, 2015 4:53 pm / Published in SPX, SPY
SPX: RSI at 58 – Range trading Gains in healthcare and consumer stocks buoyed indexes. The dollar advanced after upbeat U.S. economic data strengthened expectations of Federal Reserve’s rate hike in December, while gold dropped. Treasuries traded higher as shorter-dated German Bund yields fell to record negative levels. Drop in rig count pushed U.S. crude

Option Expiry $SPX and $FED

November 19, 2015 10:17 am / Published in FED, SP500, SPX, SPY
Dont expect VOL to increase – closing options at current level   FOMC minutes indicate that the Fed is set for a rate increase in December.  However, reading the tea leaves tells a new story.  Until now, our analysis of past FOMC minutes has been that the Fed is likely to raise rates by 100