Will U.S. Banks Outperform the S&P 500 Index in 2018?

The following Monthly chart of the Financial Sector (XLF) shows that it has been on a strong rally since mid-2017. It’s approaching major resistance around the 30.00-31.00 level (prior all-time high and double Fibonacci retracement levels). The following Monthly chartgrid of XLF and five of the major U.S. bank stocks (GS, C, JPM, BAC & MS) shows, at a glance, which of these stocks […]
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Where’s the Resistance on the Dow 30 Index?

Since the December 8, 2016 U.S. Presidential election, the Dow 30 Index has gained around 42.57%, as of 2:00 pm ET today (Thursday). It also crossed above a new all-time high of 25,500, as shown on the two Daily charts below. The following Monthly chart shows that price is trading in between support (25,125) and resistance (26,702), namely two external Fibonacci retracement levels. […]
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Spain’s Ibex 35 Index Mired in Long-Term Congestion Zone

In the midst of political and social uncertainty surrounding the recent referendum in Catalonia to separate from the rest of Spain and Prime Minister Rajoy’s aim to stop it, Spain’s Ibex 35 Index has been faltering, as shown on both the longer-term Monthly chart and the short-term Daily chart below. Longer term, price ran into major resistance in the form of […]
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SMBU’s Options Tribe Webinar: Steve Lentz of Optionvue Systems, International: Timing the Entry of Butterflies, Condors and Vertical Spreads in $SPX Index Optionsk Options Trading Strategy

October 24th, 2017

This week, Steve Lentz of Optionvue Systems International returns to the Options Tribe to discuss his approach to determining the best time to place $ SPX  iron condor, butterfly and bullish put spread trades. He also will demonstrate how he determines the likely direction and volatility of the $ SPX index.

Options Tribe meetings are generally free to the public and are held every Tuesday at 4:30PM ET. If you wish to register to this meeting, please click here.

We look forward to seeing you at the meeting!

Seth Freudberg
Director, SMB Options Training Program

The SMB Options Training Program is an eight-month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. For more information on this program contact Seth Freudberg: sfreudberg@smbcap.com.

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Will the Dow Jones US Retail REITs Index Recover From Its 34% Decline?

After dramatically dropping 34% from its historical high of 151.85 from mid-2016 to a low of 99.98 in May of this year, the Dow Jones US Retail REITs Index has been stuck in a sideways trading range and is attempting to maintain a stable position above a long-term 40% Fib retracement level of 102.42, as shown on the following Monthly, Weekly and Daily charts. Longer term, the Monthly momentum and rate […]
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Shanghai Index in Weak Rally as China’s Credit Rating Downgraded to A+

The Shanghai Index has recently begun to rally, after remaining in a large sideways congestion zone since mid-2015, as shown on the following Daily chart. It’s currently trading under the bullish influence of a moving average Golden Cross formation, with the RSI, MACD and PMO technical indicators making a corresponding higher swing high. However, the MACD and PMO have recently […]
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Mexico City Shaken in 7.1 Earthquake as Tepid Rally in Mexican Index Hangs in Jeopardy

Notwithstanding a rally in the Mexican Bolsa IPC Stock Index since it broke above a large, lengthy consolidation zone in mid-2016, only to retest that break at the end of the year, then rise (tepidly) to is current price of 50,265, the momentum and rate of change technical indicators have been flat since January 2013, as shown on […]
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Russia Index Poised for Breakout

Russia is the big gainer, so far, today, as shown on the following Heat Map of the World Stock Markets. The Russian Index has broken above its long-term apex around 1080, but is still below its downtrend line, as shown on the Monthly chart below…we’ll see if it holds in the days/weeks ahead. The momentum and rate of change indicators are still […]
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Index Check-In

I keep looping back to the word “annoying” to describe the market, and that still seems to fit. The goddamned thing just won’t go into a freefall. To be clear, I had a good week, but good God almighty, it’s way too much work. Market Gods, throw me a bone here! Give me a morning […]
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