If you're a premium seller and wait for it seems like endless bouts of sub-20 IVR to get into an index premium selling play, QQQ volatility has briefly popped above 35 IVR (currently 56; 6-Month Dough), making it the most premium rich index for the moment. Naturally, that could pass quickly, but for now, consider 45 DTE Iron Condors ... . In considering how to...
Awaiting test of TL With PA long position may be taken Target: 11600 If TL breaks expecting P to reach 11300
Just an update on my Earlier post . The index did not break the resistance , so it has gone down for a couple of days . It reached today the 200 MA. It is possible that the index will go up from here for a another test of the resistance, with maybe a break out! :) Just an idea! What’s your view? www.facebook.com foreignexchangeinvestments.wordpress.com
Price at key area of support If P breaks TL, shorts targeting 10950 If TL holds I shall remain overall bullish Target 11600
Currently short from 11690 after the breakout and close Targeting my support zone + TL Where I will be looking to add long positions, as my overall bias for Dax is once again bullish
Nothing much has changed this week in terms of my view regarding where to set up the strikes for short call verticals for SPY (short leg at 213/long leg at 216-7) either as a stand-alone strategy or as part of legging into an Iron Condor. For the short put vert end of things, I'm generally relying on the software to guide me there, with the short put strike at...
Price remains trapped in its bearish channel, despite a huge rally today. Expecting further bearish momentum tomorrow unless a deal is struck. Targeting shorts to the Outer TL, where I will then be looking for long positions.
The Spanish IBEX 35 index tested the 10,660 handle twice this week, once on Tuesday and again on Thursday. The double bottom on the monthly Tenkan can be interpreted as being bullish and makes me think that the market has completed its corrective phase initiated back in April. If European equities markets start rallying into the end of the month, the third quarter...
Very interesting movement of European indices, where everyone made it out of the minimum of the day, closing positive after the support base (by definition support) of the descending channel that have been negotiating since early April . Thus, we believe that it is time to open long positions in all the European indices and in the case of the German Dax 30, with a...
When looking at the % of S&P100 stocks above their 200 day average on a monthly basis, you could see 2008 coming. Sustained price momentum decay led that % to under 45% before the S&P500 started taking on serious losses. That channel is to the left in green on this chart. Shift your eyes right and notice the green channel we are in now. I drew that channel...
Price hit the Primary TL as expected, took a nice short from 11700 catching just over 300 pips. Waiting with anticipation for the open to see where price is, looking for good long position with stops placed under 11400. The current bullish TL hasn't been broken yet since the last major sell off from last year. Indicating it will probably hold once again. Looking...
If this pending order short trade is triggered at 11658.50, I am very sure the next target will be at 11026. The loss in momentum is visible, one more bearish move below the current candle, and the bearish momentum will be very very strong.
I've been bullish on European equities since the start of the year (my French readers on DailyFX.fr know this), but I'm starting to think that these markets might start to consolidate. I'm not sure if the timing is right (I'd prefer around the end of the month with the FOMC meeting on the 29th), but I've just noticed a potential negative divergence on the daily...
S&P 500: In 2014/2015 we have experienced a very nice bull market as the S&Ps finished in 2014 returning a nice 13.69%, overall the bull market has been driven by the feds decision to keep interest rates low as investors piled in. recently the FOMC held a press realised where Janet Yellen (Chair of the Board of Governors of the Federal Reserve System) stated that...
Out of the 3 indexes ETFs I cover in this week's Weekly Markets Analysis, $IWM is definitely the strongest. The ETF bounced from the support zone mentioned last week and rallied back into the broken trading channel. Near 125-126 it will meet the top of its trading channel and the PRZ of a bearish Crab Read more about this trading scenario and more in this...
In this week's Weekly Markets Analysis I cover $SPY, $QQQ and $IWM. The last two shows strength over the $SPY, what does it mean? Who is giving us a hint regarding the markets direction? Is it the $SPY weakness or the $QQQ and $IWM strength? Check out this week's newsletter to view these analyses and more: marketzone.tumblr.com Subscribe to the...
Opening a long position here at 18543 where C=A. Looking for another push higher or at least in a 3 waves reaction
Very simple support and resistance however this one has a very good reward to risk ratio.