OptionsMakeSense!

Sunday, February 17, 2019

Stock Market update -Feb 17th

This week we rallied... We are now approaching the 2800 level for the SPX, and will probably get there before taking a break. We've had a HUGE rally from the Christmas Eve bottom, so it wouldn't hurt to start taking some profits this week...

Bonds holding up (low rates), Gold, Oil moving up.

Continuing concerns:
Still keeping an eye on DB, China, Europe

NVDA popped a bit on earnings, after being beaten down for a quite a while

Over $21 Trillion in debt! See Debt Clock on the left, or here...

S&P 500 performance chart, 9 months -(Link)

New all time highs: ABT, AFL, AMT, ADI, BA, DG, FOXA, LLY, UNP, XLNX, WM, and more

All time lows: --

Options watch: S&P 500 Implied Volatility -still dropping! (CBOE VIX)

Link to high IV stocks
High Options volume:

	ETFs	SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ,
	Stocks	AAPL, AMD, BAC, BABA, FB, MU, NFLX, NVDA, TSLA

Next week: Fed minutes

Earnings: AAP, BIDU, DPZ, CVS, WMT

This week's charts:

$NYA -NYSE Composite (link)

(IWM) Small-caps

Links...

S&P 500 - big rally from the bottom still going!

10yr Interest Rates -steady/around 3%...

Labor Force Participation Rate (10 year chart)

Fear & Greed Index

ETFs - Ranked by YTD Percent Change
S&P 500 Sector performance
$NYA -how much further up?

Commodities/Futures (charts):

Crude Oil was down, closing near 55.79 - rallying above $50

Gold was down a bit, closing near 1325 -holding above $1300

The 30 year Bond was flat, closing near 146.62

The US Dollar was up, closing near 96.74

News:

Worst retail sales drop in 9 years is 'every bit as bad as it looks'

Payless ShoeSource closing all 2,100 U.S. stores, starting liquidation sales Sunday

Tuesday, March 27, 2018

Support & Resistance

Links:

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistance

https://www.investopedia.com/articles/technical/061801.asp

https://en.wikipedia.org/wiki/Support_and_resistance

Current examples:

Saturday, March 10, 2018

Meetup -Debit Spreads make sense too!

Here is an example of a 1 week bullish Debit Spread trade on IWM...

It was actually closed at around $2.25 for a nice profit, but as you can see it kept going all the way to almost full value by the end of the week.

At the Meetup we'll discuss the guideline parameters for entering & exiting the trade -which strikes, which Expiration, Implied Volatility, etc.