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 […] Slope of Hope
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. […] Slope of Hope
The Dark Index (DIX) is a simple metric that tells us whether investors are using dark pools to buy or sell shares of S&P 500 component stocks. When it’s high, investors are buying. When it’s low, they’re selling. The blue line is the DIX. The green line is the S&P 500. Key point: This is […] Slope of Hope
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 […] Slope of Hope
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: email@example.com.
Here we take a look at the BDI once again and marvel at its complex Inverted Head & Shoulders pattern with compound shoulders. Of course, that is a TA’s way of baffling ’em with technical sounding bullshit when what he really means is ‘look at that freakish thing; I don’t really know what it is […] Slope of Hope
Based on what I saw during my visit last night, Disneyland’s newest ride is the Leap Over an Opioid Addict attraction just outside the park. They were all white males around thirty years old or so, sprawled out on the ground. At least it was more engaging than the boring Monsters Inc. ride inside the […] Slope of Hope
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 […] Slope of Hope
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 […] Slope of Hope
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 […] Slope of Hope
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 […] Slope of Hope
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 […] Slope of Hope
The momentum and rate of change indicators have been making a series of lower highs since July 2016 on the Weekly timeframe of the SPX, as shown below. Price has been climbing along the underbelly of a trajectory (beginning in August 2015) set from the 2009 lows to this year’s highs, as shown on the following Monthly chart. This is […] Slope of Hope