Trading in Luxury

For the SPY weekly trade, preview for Week of 3/18/2019, wk12 of Q1, 2019.
4th week of option expiry for Mar, Fri 22nd, week after monthly exp.

FOMC meeting Tue/Wed, statement and Q/A on Wed afternoon, no rate change is expected.
Earnings winding down, emergency declared for border, opposition is fighting, No/Ko may launch rockets.
Mar 1st was dead line for Gov debt limit?, China trade talks still on, VIX is still in contango.
IBD Top 50 List, of interest, adds, ADBE, delets, GLW, MNST

SPY closed up for the week, exciting the main stream prognosticators, who were bearish going in,
and are now beating the bull drums.
Going forward, momentum indicators show possible short term overbought, and pullback from here.
Resistance from prior highs is right overhead.
See support at 271 and resistance at 282.
Going with a SPY target of 279.

Options pricing +/-$3.10 possible move, last Fri close was $281.31.
Option volume and open interest as of now looks to keep SPY over 275-280 and under 282-284.
 
For the SPY weekly trade, preview for Week of 3/25/2019, wk13 of Q1, 2019, last wk of last month of Q1
5th week of option expiry for Mar, Fri 29, final week of Mar exp.

AAPL event on Mon 3/25, LYFT IPO Fri 3/29, China trade talks still on, VIX still in contango.
IBD Top 50 List, of interest, adds, AMZN, TDG, delets, ADBE, SAVE.

SPY closed down for the week, with a red candle for Fri, with increasing volume, not good for bulls.
Going forward, momentum indicators not favorable, and could see a pullback from here.
Resistance from prior highs is right overhead.
See support at 270 and resistance at 279.
Going with a SPY target of 277.

Options pricing +/-$4.10 possible move, last Fri close was $279.25.
Option volume and open interest as of now looks to keep SPY over 277 and under 280-286.
 
For the SPY weekly trade, preview for Week of 4/1/2019, wk14 of 2019, first wk of first month of Q2.
1st week of option expiry for April, Fri 5th.

NFP Fri 4/5, China trade talks still on, VIX still in contango.
Earnings are pretty much over, Apr 15th things light up again with C, GS.
IBD Top 50 List, of interest, adds, SAVE, SQ, delets, MA, TTD.

SPY closed up for the week, with a green candle for Fri, with increasing volume, good for bulls.
Going forward, momentum indicators now favorable, and could see more upside from here.
Resistance from prior highs is right overhead, at 284, see if we can move through it.
See support at 279/280.
Going with a SPY target of 284/285.

Options pricing +/-$3.64 possible move, last Fri close was $282.48.
Option volume and open interest as of now looks to keep SPY over 278 and under 284-286.
 
For the SPY weekly trade, preview for Week of 4/8/2019, wk15 of 2019, 2nd wk of first month of Q2.
2nd week of option expiry for April, Fri 12th, Pit Bull Low week.
Next week is the monthly expiry and markets closed on Fri for Good Friday holiday, so expiry on Thu 4/18.

Fed minutes Wed 4/10, lot of Fed talkers also, China trade talks still on, VIX still in contango.
Bank earnings JPM, WFC, Fri 12th, following week, BAC, C, GS.
IBD Top 50 List, of interest, adds, MCHP, MTOR, TTD, delets, FIVE, SQ.

SPY closed up for the week, going thru overhead resistance, with a green candle for Fri, with decent volume.
Going forward, momentum indicators showing over bought, but i think sentiment could drive us higher.
See technical support at 279/280.
Going with a SPY target of 289.

Options pricing +/-$2.78 possible move, last Fri close was $288.57.
Option volume and open interest as of now looks to keep SPY over 280 and under 287/289
 
when the QQQ HK set up started on 3/29, bought QLD $89.90, sold today 4/10 at $95.30, $540 gain.
used the QLD instead of trying to pick an option
 
For the SPY weekly trade, preview for Week of 4/15/2019, wk16 of 2019, 3rd wk of first month of Q2.
3rd week of option expiry for April, monthly expiry, markets closed on Fri, Good Friday holiday, so expiry on Thu 4/18.

China trade talks still on, VIX still in contango.
Bank earnings, BAC, C, GS. NFLX on Tue.
IBD Top 50 List, of interest, adds, GLW, delets, ISRG, MCHP, TDG.

SPY closed up for the week, bumping overhead resistance, with a green candle for Fri, with decent volume.
Going forward, momentum indicators showing some over bought, but i see sentiment keeping us at highs.
See technical support at 279/280.
Going with a SPY target of 291.

Options pricing +/-$2.50 possible move, last Fri close was $290.16.
Option volume and open interest as of now looks to keep SPY over 280 and under 291
 
For the SPY weekly trade, preview for Week of 4/22/2019, wk17 of 2019, 4th wk of first month of Q2.
4th week of option expiry for April, week after monthly expiry, expiry on Fri 4/26.

China trade talks still on, VIX still in contango.
Earnings of note, AMZN, FB, MSFT, RTN, BA, INTC, T, TSLA, SBUX, XOM.
TSLA has investor day on Mon, 4/22.

SPY closed flat for the week, bumping into overhead resistance.
Going forward, momentum indicators showing some over bought, but i see sentiment keeping us at highs.
See technical support at 280.
Going with a SPY target of 291.

Options pricing +/-$2.90 possible move, last Fri close was $290.02.
Option volume and open interest as of now looks to keep SPY over 285 and under 293
 
For the SPY weekly trade, preview for Week of 4/29/2019, wk18 of 2019, 5th wk of Q2.
1st week of option expiry for May, expiry on Fri 5/3.

FOMC meeting Tue/Wed with statement and news conference on Wed, NFP on Fri.
China trade talks still on, VIX still in contango.
Earnings of note, GOOGL, GM, AAPL, QCOM, UA, X.

SPY closed up for the week at 293.41, previous week close was 290.02, bumping into overhead resistance.
Going forward, momentum indicators showing some over bought.
See technical support at 285.
Going with a SPY target of 292.

Options pricing +/-$3.00 possible move, last Fri close was $293.41.
Option volume and open interest as of now looks to keep SPY over 287 and under 293
 
For the SPY weekly trade, preview for Week of 5/06/2019, wk19 of 2019, 6th wk of Q2.
2nd week of option expiry for May, expiry on Fri 5/10. Week before monthly expiry, Pit Bull Lo week.

Five Fed talkers next week, including Powell on Thurs, 5/09.
Uber ipo on Fri 5/10.
China trade talks still on, VIX still in contango.
Earnings of note, OXY, DIS, TSN, AIG, MOS, RACE, DDD, PZZA, EA, FOSL.

SPY closed up for the week at 294.03, previous week close was 293.41, challenging overhead resistance.
Going forward, market strength could continue.
Going with a SPY target of 295.

Options pricing +/-$3.00 possible move, last Fri close was $294.03.
Option volume and open interest as of now looks to keep SPY over 290 and under 295.
 
You must log in or register to reply here.
Back
Top