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Trading in Luxury
- Thread starter traderlux
- Start date
For SPY weekly trade, preview for Week of 8/12/19, wk33 of 2019, 7th wk of Q3, 2nd month of Q3.
3rd week of option expiry for August, on Fri 8/16, monthly expiry.
August, usually a low volume slow month for the markets, tends to pick-up into the latter weeks.
China trade talks in the news and tweets. Military action picking up around the globe.
VIX futures curve still looking wierd.
Earnings, most big players have reported, still a few stocks yet to report, of note,
JD, CSCO, WMT, JCP, NVDA, DE.
SPY closed the week down at 291.62, down 1.00, -.34%, previous week close was 292.62.
SPY down big Mon, got below the 50ma, climbed back into the week, Thu regained the 50ma.
Fri down, ended the week below the 50ma.
Momentum indicators moving to oversold conditions, and could provide upside draw.
Seasonality is weak and could be the downside pressure.
Setting a SPY target of 293.
Options pricing +/-$5.72 possible move, last Fri close was 291.62.
Option volume and open interest as of now looks to keep SPY over 285/290 and under 293.
Continuing short term buy signals on GLD, GDX, SLV, TLT.
New short term sell signal on UUP.
Continuing short term sell signals on XLE, SMH, SPY, QQQ, DIA, IWM, FCX.
Possible short term buy signals could be getting ready for SPY, QQQ, DIA, IWM.
Some stocks on the watch list, AAPL, NOC, AMZN, MSFT, DIS, HSY, V, VZ, T, SOYB, XLU, XLY.
3rd week of option expiry for August, on Fri 8/16, monthly expiry.
August, usually a low volume slow month for the markets, tends to pick-up into the latter weeks.
China trade talks in the news and tweets. Military action picking up around the globe.
VIX futures curve still looking wierd.
Earnings, most big players have reported, still a few stocks yet to report, of note,
JD, CSCO, WMT, JCP, NVDA, DE.
SPY closed the week down at 291.62, down 1.00, -.34%, previous week close was 292.62.
SPY down big Mon, got below the 50ma, climbed back into the week, Thu regained the 50ma.
Fri down, ended the week below the 50ma.
Momentum indicators moving to oversold conditions, and could provide upside draw.
Seasonality is weak and could be the downside pressure.
Setting a SPY target of 293.
Options pricing +/-$5.72 possible move, last Fri close was 291.62.
Option volume and open interest as of now looks to keep SPY over 285/290 and under 293.
Continuing short term buy signals on GLD, GDX, SLV, TLT.
New short term sell signal on UUP.
Continuing short term sell signals on XLE, SMH, SPY, QQQ, DIA, IWM, FCX.
Possible short term buy signals could be getting ready for SPY, QQQ, DIA, IWM.
Some stocks on the watch list, AAPL, NOC, AMZN, MSFT, DIS, HSY, V, VZ, T, SOYB, XLU, XLY.
mon/tue trade update
8/12 in 10 shares QLD $927, 8/13 out $970, gain $43, 4.6%.
past trades were usually SPY options, wanted to compare with some ETFs.
my thoughts are the options have better returns and lower trade size.
options can be traded with about $500 trade size, etfs need about $1000.
previous trade on 8/5 was held to Thu, returned $76 on $891, 8.5%
8/12 in 10 shares QLD $927, 8/13 out $970, gain $43, 4.6%.
past trades were usually SPY options, wanted to compare with some ETFs.
my thoughts are the options have better returns and lower trade size.
options can be traded with about $500 trade size, etfs need about $1000.
previous trade on 8/5 was held to Thu, returned $76 on $891, 8.5%
Last edited:
For SPY weekly trade, preview for Week of 8/19/19, wk34 of 2019, 8th wk of Q3, 2nd month of Q3.
4th week of option expiry for August, on Fri 8/23, week after monthly expiry.
August, usually a low volume slow month for the markets, tends to pick-up into the latter weeks.
China trade talks news and tweets. Military action picking up around the globe. Hong Kong protests.
2/10 yield curve inversion.
Talk about changes to Volker rule, expected late Oct, relax ban on proprietary trading by banks.
FOMC min from last mtg Wed, Fed Bal sheet Thu, Jackson Hole meeting starts Thu, Powell talking Fri.
VIX futures curve still looking wierd, caution sign.
Earnings, most big players have reported, still some retail and consumer left, of note,
WB, EL, SINA, HD, KSS, TJX, MDT, MSG, TGT, LOW, BZUN, ADI, PLCE, DKS, BJ, HRL, TTC, FLWS, TUES,
FL, BKE, RRGB.
SPY closed the week down at 288.85, down 2.77, -.95%, previous week close was 291.62.
SPY down big Mon, up Tue, touched the 50ma but couldnt hold it. Down Wed and Thu with a doji on Thu.
Fri green candle day.
Momentum indicators moving up, and could provide upside draw.
Seasonality is weak and could be the downside pressure.
Setting a SPY target of 290/295.
Options pricing +/-$5.68 possible move, last Fri close was 288.85.
Option volume and open interest as of now looks to keep SPY over 280 and under 297/300.
Continuing short term buy signals on GLD, GDX but getting weak, SLV, TLT.
Recent short term sell signal on UUP looks to be turning back to a buy.
Continuing short term sell signals on XLE, XOP, SMH, SPY, QQQ, DIA, IWM, FCX.
Possible short term buy signals could be getting ready for SPY, QQQ, DIA, IWM.
Some stocks on the watch list, AAPL, NOC, AMZN, MSFT, DIS, HSY, V, VZ, T, SOYB, XLU, XLY.
4th week of option expiry for August, on Fri 8/23, week after monthly expiry.
August, usually a low volume slow month for the markets, tends to pick-up into the latter weeks.
China trade talks news and tweets. Military action picking up around the globe. Hong Kong protests.
2/10 yield curve inversion.
Talk about changes to Volker rule, expected late Oct, relax ban on proprietary trading by banks.
FOMC min from last mtg Wed, Fed Bal sheet Thu, Jackson Hole meeting starts Thu, Powell talking Fri.
VIX futures curve still looking wierd, caution sign.
Earnings, most big players have reported, still some retail and consumer left, of note,
WB, EL, SINA, HD, KSS, TJX, MDT, MSG, TGT, LOW, BZUN, ADI, PLCE, DKS, BJ, HRL, TTC, FLWS, TUES,
FL, BKE, RRGB.
SPY closed the week down at 288.85, down 2.77, -.95%, previous week close was 291.62.
SPY down big Mon, up Tue, touched the 50ma but couldnt hold it. Down Wed and Thu with a doji on Thu.
Fri green candle day.
Momentum indicators moving up, and could provide upside draw.
Seasonality is weak and could be the downside pressure.
Setting a SPY target of 290/295.
Options pricing +/-$5.68 possible move, last Fri close was 288.85.
Option volume and open interest as of now looks to keep SPY over 280 and under 297/300.
Continuing short term buy signals on GLD, GDX but getting weak, SLV, TLT.
Recent short term sell signal on UUP looks to be turning back to a buy.
Continuing short term sell signals on XLE, XOP, SMH, SPY, QQQ, DIA, IWM, FCX.
Possible short term buy signals could be getting ready for SPY, QQQ, DIA, IWM.
Some stocks on the watch list, AAPL, NOC, AMZN, MSFT, DIS, HSY, V, VZ, T, SOYB, XLU, XLY.
For SPY weekly trade, preview for Week of 9/2/19, wk36 of 2019, 10th wk of Q3, 3rd month of Q3.
1st week of option expiry for September, on Fri 9/06.
Monday is Labor Day holiday, US market closed.
September can be an unpredictable month for the markets.
Hurricane Dorian headed for Florida.
China trade talks news and tweets. Military action picking up around the globe. Hong Kong protests.
2/10 yield curve inversion. Number of FED talkers scheduled thru the week, NFP report on Fri.
VIX futures curve still looking weird, caution sign.
SPY closed the week up at 292.45, up 7.6, +2.67%, previous week close was 284,85.
SPY up Mon, Thu was a gap up and a reclaim of the 21ma.
Fri went up to touch the 50ma, but couldnt hold, and was a red candle day.
Momentum indicators moving up, and could provide upside draw.
Seasonality is still weak and could be the downside pressure.
The open gap from Thu could also be downside draw to 289.
Setting a SPY target of 290/292.
Options pricing +/-$5.56 possible move, last Fri close was 292.45.
Option volume and open interest as of now looks to keep SPY over 289 and under 295.
1st week of option expiry for September, on Fri 9/06.
Monday is Labor Day holiday, US market closed.
September can be an unpredictable month for the markets.
Hurricane Dorian headed for Florida.
China trade talks news and tweets. Military action picking up around the globe. Hong Kong protests.
2/10 yield curve inversion. Number of FED talkers scheduled thru the week, NFP report on Fri.
VIX futures curve still looking weird, caution sign.
SPY closed the week up at 292.45, up 7.6, +2.67%, previous week close was 284,85.
SPY up Mon, Thu was a gap up and a reclaim of the 21ma.
Fri went up to touch the 50ma, but couldnt hold, and was a red candle day.
Momentum indicators moving up, and could provide upside draw.
Seasonality is still weak and could be the downside pressure.
The open gap from Thu could also be downside draw to 289.
Setting a SPY target of 290/292.
Options pricing +/-$5.56 possible move, last Fri close was 292.45.
Option volume and open interest as of now looks to keep SPY over 289 and under 295.
For SPY weekly trade, preview for Week of 9/9/19, wk37 of 2019, 11th wk of Q3, 3rd month of Q3.
2nd week of option expiry for September, on Fri 9/13. Put bull low week.
Following week will be monthly, trips and quads expiry, and a live FOMC mtg.
September can be an unpredictable month for the markets.
Last week NFP was inflated by 20k part time hires for 2020 census.
China trade talks news and tweets. Military action picking up around the globe. Hong Kong protests.
2/10 yield curve inversion. AAPL event Tue 9/10. Wed 9/11 rememberance day. ECB meeting Thu 9/12.
VIX futures curve just moved to contango. This is a push for the market, see how long it lasts.
SPY closed the week up at 298.05, up 5.6, +1.91%, previous week close was 292.45.
With market closed Mon, SPY down Tue, then up rest of week. Wed gap up, Thu gap up, reclaim the 50ma.
Fri was wonky, closed below high of the day, weak into the close, but still held the 50ma, and was above Thu.
Fri was a red doji day, possible concern going into new week.
Momentum indicators moving up, into oversold.
Seasonality is still weak and could be downside pressure.
More open gaps could also be downside draw.
Setting a SPY target of 298/300.
Options pricing +/-$3.50 possible move, last Fri close was 298.05.
Option volume and open interest as of now looks to keep SPY over 285 and under 299/300.
2nd week of option expiry for September, on Fri 9/13. Put bull low week.
Following week will be monthly, trips and quads expiry, and a live FOMC mtg.
September can be an unpredictable month for the markets.
Last week NFP was inflated by 20k part time hires for 2020 census.
China trade talks news and tweets. Military action picking up around the globe. Hong Kong protests.
2/10 yield curve inversion. AAPL event Tue 9/10. Wed 9/11 rememberance day. ECB meeting Thu 9/12.
VIX futures curve just moved to contango. This is a push for the market, see how long it lasts.
SPY closed the week up at 298.05, up 5.6, +1.91%, previous week close was 292.45.
With market closed Mon, SPY down Tue, then up rest of week. Wed gap up, Thu gap up, reclaim the 50ma.
Fri was wonky, closed below high of the day, weak into the close, but still held the 50ma, and was above Thu.
Fri was a red doji day, possible concern going into new week.
Momentum indicators moving up, into oversold.
Seasonality is still weak and could be downside pressure.
More open gaps could also be downside draw.
Setting a SPY target of 298/300.
Options pricing +/-$3.50 possible move, last Fri close was 298.05.
Option volume and open interest as of now looks to keep SPY over 285 and under 299/300.
For SPY weekly trade, preview for Week of 9/23/19, wk39 of 2019, 13th wk of Q3, 3rd month of Q3.
4th and final week of option expiry for September, on Fri 9/27.
Options pricing +/-$4.00 possible move, last Fri close was 298.28.
Option volume and open interest as of now looks to keep SPY over 290/295 and under 300/302.
Setting a SPY target of 296/300.
4th and final week of option expiry for September, on Fri 9/27.
Options pricing +/-$4.00 possible move, last Fri close was 298.28.
Option volume and open interest as of now looks to keep SPY over 290/295 and under 300/302.
Setting a SPY target of 296/300.