Trading in Luxury

For the SPY weekly trade, preview for Week of 5/13/2019, wk20 of 2019, 7th wk of Q2.
3rd week of option expiry for May, monthly expiry on Fri 5/17.

China trade talks still on, VIX back in contango, went to backwardation several days last week.
Earnings of note, TTWO, ACB, M, CSCO, WMT, BIDU, NVDA, DE, BABA, BILI, TLRY.

SPY closed down for the week at 288.10, down 5.93, down 2%, previous week close was 294.03.
Traded below the 50ma, but came back and found support at the 50ma.
Fri was a green candle day with convincing volume.
Going forward, market strength could continue, but China trade concerns seem to be moving market.
Not setting a target, too much uncertainty.

Options pricing +/-$5.27 possible move, last Fri close was $288.10.
Option volume and open interest as of now looks to keep SPY over 288 and under 290.
 
QQQ starting a HK swing trade. I will look to trade QLD, tried this last time with a nice win. QLD closed at 92.52 today Wed 5/15, see what it looks like tomorrow.
 
For the SPY weekly trade, preview for Week of 5/20/2019, wk21 of 2019, 8th wk of Q2.
4th week of option expiry for May, (week after the monthly), expiry on Fri 5/24.

China trade talks still on, VIX in contango.
Six fed talkers next week, including chair Powell on Mon, 5/20.
FOMC minutes from last meeting come out on Wed, 5/22.
Monaco Grand Prix on Sun 5/26.
Next week-end 3days, as Memorial Day is Mon. 5/27, USA market closed.
Earnings of note, AZO, HD, LOW, NTAP.

SPY closed down for the week at 285.84, down 2.26, down .8%, previous week close was 294.03.
Traded below the 50ma, but came back and then still closed below the 50ma.
Fri was a green candle day, but with a lower close day than Thu. Volume was up slightly on Fri.
Going forward, see no market strength indicated by the technicals, and China trade concerns seem to be moving market.
Setting a SPY target of 283.

Options pricing +/-$5.00 possible move, last Fri close was $285.84.
Option volume and open interest as of now looks to keep SPY over 280 and under 290.
 
Did not enter a position on the QQQ HK swing trade which started last Wed, 5/15,
Thur was too much of a gap up and Fri did not look very strong.
Today, Mon 5/20 the trade ended.
 
For the SPY weekly trade, preview for Week of 5/27/2019, wk22 of 2019, 9th wk of Q2.
Memorial Day is Mon. 5/27, USA market closed, so a four day week of trading.
5th week of option expiry for May, expiry on Fri 5/31.

China trade talks still on, VIX in contango.
Thur, 5/30, we get a prelim GDP number, expected to be 3.1%
Earnings of note, MOMO, WDAY, YY, ANF, DKS, GOOS, PANW, PVH, VEEV, BURL, DG, DLTR, COST,
DELL, MRVL, NTNX, OKTA, UBER, ULTA, VMW, ZS.

SPY closed down for the week at 282.78, down 3.06, down 1%, previous week close was 285.84.
Traded below the 50ma, tried to get over it, never did and closed the week below the 50ma.
Fri was a red candle day, but with a higher close than Thu.
Going forward, see some market strength indicated by the CCI indicator.
Setting a SPY target of 285.

Options pricing +/-$4.60 possible move, last Fri close was $282.78.
Option volume and open interest as of now looks to keep SPY over 285 and under 290.
 
here is a trade i have been watching since 4/18 but did not get in. HK candles fired it off.
TLT 122.90, TMF 19.94. It is still going, Fri closes (5/31), TLT 131.83, TMF 24.49.
 
For the SPY weekly trade, preview for Week of 6/3/2019, wk23 of 2019, 10th wk of Q2, last month of Q2.
1st week of option expiry for June, expiry on Fri 6/7.

China trade talks in the news and tweets, Mexico tariffs proposed, DOJ going after GOOGL?, VIX curve is wonky.
Mon, 6/3, AAPL WWDC, FED chair Powell talking Tue, 6/4, NFP Fri, 6/7.
Earnings of note, COUP, CBRL, TIF, CRM, CPB, FIVE, SIG, CIEN, HOV, BYND, OLLI, MTN.

SPY closed down big for the week at 275.27, down 7.51, down 2.7%, previous week close was 282.78.

SPY traded down to and below the 200ma, tried to get above it, couldnt and closed the week below the 200ma.
Fri was a red candle day, gap down on the open, and no real strength shown during the day.
Going forward, with a new month starting, could see some new money move in.
Technicals are oversold, so could get a bounce.
Setting a SPY target of 277.

Options pricing +/-$5.80 possible move, last Fri close was $275.27.
Option volume and open interest as of now looks to keep SPY over 272 and under 290.
 
For the SPY weekly trade, preview for Week of 6/10/2019, wk24 of 2019, 11th wk of Q2, last month of Q2.
2nd week of option expiry for June, expiry on Fri 6/14, Pit Bull Low week.
Next week is monthly expiry, and quad expiry.

China talks in the news and tweets, no Mexico tariffs, Feds going after GOOGL, AAPL, FB, AMZN.
VIX curve in contango.
Next week FOMC meeting on Tue, Wed, 6/18, 6/19.
Earnings of note, HRB, KHC.

SPY closed up big for the week at 287.63, up 12.36, up 4.5%, previous week close was 275.27.
SPY traded down on Mon, turned around on Tue and never looked back.
Fri was a green candle day, gap up on the open, and held gains during the day, ending the week on a positive note.
Setting a SPY target of 290.

Options pricing +/-$4.45 possible move, last Fri close was $287.63.
Option volume and open interest as of now looks to keep SPY over 270 and under 290.
 
For the SPY weekly trade, preview for Week of 6/17/2019, wk25 of 2019, 12th wk of Q2, last month of Q2.
3rd week of option expiry for June, expiry on Fri 6/21, monthly expiry, and quad expiry.

FOMC meeting on Tue, Wed, 6/18, 6/19.
China talks in the news and tweets, Feds going after GOOGL, AAPL, FB, AMZN.
VIX curve in contango.
Earnings of note, ADBE, ORCL, DRI, KR, CGC, RHT, KMX.

SPY closed up small for the week at 289.26, up 1.63, up .57%, previous week close was 287.63.
SPY traded up on Mon, and then traded flat, with a small bump on Thu.
Fri was a doji candle, gap down on the open, crawled up during the day, fell into the end and closed at the open.
Momentum indicators are pointing to a lower week ahead.
Setting a SPY target of 284.

Options pricing +/-$4.80 possible move, last Fri close was $289.26.
Option volume and open interest as of now looks to keep SPY over 275-280 and under 285-290.
 
For SPY weekly trade, preview for Week of 6/24/2019, wk26 of 2019, 13th and last wk of Q2, last month of Q2.
4th and last week of option expiry for June, expiry on Fri 6/28.

G20 meeting in Japan on Sat 6/29. China talks in the news and tweets. VIX curve in contango.


SPY closed up big for the week at 294.00, up 4.74, up 1.6%, previous week close was 289.26.
SPY was flat on Mon, jumped up on Tue, highest day on Thu, small pull back Fri, and up for the week.
Fri was a doji candle day, indicating indecision.
Momentum indicators are showing some strenghth could still be left.
Setting a SPY target of 295.

Options pricing +/-$3.89 possible move, last Fri close was $294.00.
Option volume and open interest as of now looks to keep SPY over 285 and under 294-300.
 
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