Trading in Luxury

SPY preview Wk of 6/21/21, 1st wk option expiry for July/2021, fri 7/2.

Going into a long weekend as mkt closed following mon Jul 5th for July 4th which is on Sunday.
Media pushing inflation fears, stock bubble talk, some pundits calling for 10% or more drop.
Some FED members thinking taper time. FED talkers mon, tue, NFP fri 7/2.
Political, market drama, stock shorts and bond rout. World events getting dangerous, media avoiding.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus still major concern, new mutations showing up. More vaccines rolling out.
Earnings in focus, MU,FDS,STZ,GIS,WBA.

VIX down mon,tue,wed,thu,fri, down for the wk. Now 15 handle. VIX t/a tells, could send VIX higher.
VIX term curve positive for markets. So VIX giving a mixed picture for its effect on the market.

Options pricing +/-$4.0 move, +/-1.0%, last fri close 426.61, possible range of 422.5 to 430.5 for this week.
Option volume, open interest looks for a 410 to 427 possible range.

Near term T/A, candles, gaps, volume, positive, momentum positive, ovi very positive.
421 21ma, 417 50ma. SPY has been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 422, SPY closed above t,w,t,f.
HA candles r,g,g,g,g,. MACD bull, STOCH bull, RSI bull, all momentum positive.

VIX mixed, T/A positive, momentum positive, market showing strength, SPY could trade up.
SPY target 428, up move.
(415 was target last week, from 414.92 previous close, actual close was 426.61, 11.69 gain, +2.82%)
 
SPY preview Wk of 7/5/21, 2nd wk option expiry for July/2021, fri 7/9.

Mkt closed mon Jul 5th for July 4th holiday.
Media pushing inflation fears, stock bubble talk, some pundits call for 10% or more drop, some calling sugar hi.
Some FED members thinking taper time. FED talker wed, FOMC minutes release wed.
Political, market drama, stock shorts and bond rout. World events getting dangerous, media avoiding.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus still major concern, new mutations showing up. More vaccines rolling out.
Earnings in focus tis week, MSM,LEVI,HELE. Bank earns start next week and big tech week after.

VIX up mon,tue,down wed,thu,fri, down for the wk. Still 15 handle. VIX t/a tells, could send VIX higher.
VIX term curve positive for markets. So VIX giving a mixed picture for its effect on the market.

Options pricing +/-$3.5 move, +/-1.0%, last fri close 433.72, possible range of 430 to 438 for this week.
Option volume, open interest looks for a 425 to 435 possible range.

Near term T/A, candles, gaps, volume, extended, momentum positive but extended, ovi very positive.
424 21ma, 419 50ma. SPY has been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 428, SPY closed above all week.
HA candles r,g,g,g,g,. MACD bull, STOCH bull, RSI bull, all momentum positive, extended.

VIX mixed, T/A positive, extended, momentum positive, extended, market showing strength, SPY could settle in.
SPY target 434, flat move.
(428 was target last week, from 426.61 previous close, actual close was 433.72, 7.11 gain, +1.66%)
 
SPY preview Wk of 7/12/21, 3rd wk and monthly option expiry for July/2021, fri 7/16.

Media pushing inflation fears, stock bubble talk, some pundits call for 10% or more drop, some calling sugar hi.
CPI tue, retail sales fri. Some in FED think taper time. FED talkers mon, tue, thur, fri. Powell testimony wed, thu.
Political, market drama, stock shorts and bond rout. World events getting dangerous, media avoiding.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus still major concern, new mutations showing up. More vaccines rolling out.
E/R, JPM, GS, BAC, PNC, WFC, C, BLK, AA, TSM, FAST, UNH, SCHW. Big tech earns start following week.


VIX up tue, slight down wed, spike hi thu, down fri, up for wk. now 16 handle. VIX t/a tells, could go higher.
VIX term curve positive for markets. So VIX giving a mixed picture for its effect on the market.

Options pricing +/-$4.8 move, +/-1.10%, last fri close 435.52, possible range of 431 to 441 for this week.
Option volume, open interest all over the place for puts, calls, no clear range, but 420 to 440 could hold.

Near term T/A, candles, gaps, volume, extended, momentum positive but extended, ovi very positive.
426 21ma, 420.25 50ma. SPY has been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 431.72, SPY closed above tue, wed, below thur, above fri.
HA candles,g,g,r,g,. MACD bull, STOCH bull, RSI bull, all momentum positive, extended.

VIX mixed, T/A positive, extended, momentum positive, extended, market showing strength, SPY could settle in.
SPY target 436, flat move.
(434 was target last week, from 433.72 previous close, actual close was 435.52, 1.8 gain, +0.415%)
 
SPY preview Wk of 7/19/21, 4th wk expiry for July/2021, fri 7/23.

Media pushing inflation fears, stock bubble talk, some pundits call for 10% or more drop, some calling sugar hi.
Some FED members thinking taper time. Dont see any FED talkers this week. Housing data will be coming out.
Political, market drama, stock shorts and bond rout. World events getting dangerous, media avoiding.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus concerns on the rise, new mutations showing up, cases increasing.
Earnings in focus, TSCO,IBM,NFLX,KO,VZ,NUE,T,LUV,INTC,COF,SLB,HON,AXP,CLF.


VIX flat mon, up tue, down wed and thu, up fri, up on the wk, 18 handle. VIX t/a tells, could send VIX higher.
VIX term curve positive for markets. So VIX giving a mixed picture for its effect on the market.

Options pricing +/-$6.1 move, +/-1.40%, last fri close 431.34, possible range of 425.25 to 437.5 for this week.
Option volume, open interest all over the place for puts, calls, no clear range, but 415 to 435/440 could hold.

Near term T/A, candles, gaps, volume, extended, momentum negative, ovi has been dropping, now flat line.
429 21ma, 422.15 50ma. SPY has been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 434.50, SPY closed above mon,tue,wed, just at it thur, below fri.
HA candles,g,g,g,r,r,. MACD bear, STOCH bear, RSI bear, all momentum negative.

VIX mixed, T/A negative, momentum negative, market looking cautious, SPY could settle in.
SPY target 431, flat move.
(436 was target last week, from 435.52 previous close, actual close was 431.34, 4.18 loss, -0.96%)
 
SPY preview Wk of 7/26/21, 5th and final wk of expiry for July/2021, fri 7/30.

Media pushing inflation fears, stock bubble talk, some pundits call for 10% or more drop, some calling sugar hi.
Some FED members thinking taper time. FOMC meeting tue and statement, presser on wed 7/28, no other FED talkers.
Political, market drama, stock shorts and bond rout. World events getting dangerous, media avoiding.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus concerns on the rise, new mutations showing up, cases increasing.
Earnings in focus,TSLA,CRSP,CX,GE,AMD,SBUX,GOOG,AAPL,MSFT,V,RTX .


VIX up mon, move down rest of week, down for the wk, 17 handle. VIX t/a tells, could send VIX higher.
VIX term curve positive for markets. So VIX giving a mixed picture for its effect on the market.

Options pricing +/-$4.9 move, +/-1.15%, last fri close 439.94, possible range of 435 to 445 for this week.
Option volume, open interest all over the place for puts, calls, but 430 to 440/445 range could hold.

Near term T/A, candles, gaps, volume, positive, momentum positive, ovi positive.
432 21ma, 424 50ma. SPY had been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 433.54, SPY closed below mon, tue, above rest of week.
HA candles,r,r,g,g,g. MACD bull, STOCH bull, RSI bull, all momentum positive.

VIX mixed, T/A positive, momentum positive, leading big stocks strong, may others are weak. SPY could move up.
SPY target 442, up move.
(431 was target last week, from 431.34 previous close, actual close was 439.94, 8.6 gain,+2%)
 
SPY preview Wk of 8/2/21, 1st wk of expiry for AUG/2021, fri 8/6.

Media pushing inflation fears, stock bubble talk, some pundits call for 10%, 20%, 30% drop, some calling sugar hi.
NFP fri 8/6. Some FED members thinking taper time. FED talkers tue, wed, thu.
Political, market drama, stock shorts and bond rout. World events getting dangerous, media avoiding.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus concerns on the rise, new mutations showing up, cases increasing.
Earnings in focus, SQ,ROKU,ACAD,OXY,GM,CVS,UBER,BYND,AMC.

VIX up mon, up tue, down wed and thu, up fri and for the wk, 18 handle. VIX t/a tells, could send VIX higher.
VIX term curve positive for markets. So VIX giving a mixed picture for its effect on the market.

Options pricing +/-$5.45 move, +/-1.25%, last fri close 438.51, possible range of 433 to 444 for this week.
Option volume, open interest all over the place for puts, calls, but 435 to 441 range could hold.

Near term T/A, candles, gaps, volume, getting weak, momentum turning negative, ovi been moving up and down, but positive.
435 21ma, 426.80 50ma. SPY had been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 438.50, SPY closed above mon, tue, wed, thu, and just on it on fri.
HA candles g,g,g,g,r. MACD turn bear, STOCH turn bear, RSI turn bear, all momentum turn negative.

VIX mixed, T/A weak, momentum negative, SPY could move down.
SPY target 435, down move.
(442 was target last week, from 439.94 previous close, actual close was 438.51, 1.43 loss,-0.325%)
 
SPY preview Wk of 8/9/21, 2nd wk of expiry for AUG/2021, fri 8/13.

Media talk inflation, stock bubble, some call 10%, 20%, 30% drop, some call sugar hi, some call more uptrend.
PPI numbers wed, thu. Some FED members thinking taper time. FED talkers mon, wed.
Political, market drama, stock shorts and bond rout. World events getting dangerous, media avoiding.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus concerns on the rise, new mutations showing up, cases increasing, market seems to whistle past.
Earnings in focus,RIOT,WKHS,GOLD,TSN,AMC,COIN,WEN,NIO,EBAY,PLTR.

VIX up mon, down rest of the wk, small 16 handle. VIX t/a tells, could send VIX higher
VIX term curve positive for markets. VIX giving a likely negative picture for its effect on the market.

Options pricing +/-$4.10 move, +/-1.00%, last fri close 442.49, possible range of 438 to 447 for this week.
Option volume, open interest all over the place for puts, calls, but 430/440 to 447 range could hold.

Near term T/A, candles, gaps, volume, getting strong, momentum turning positive, ovi choppy, landing at zero.
437 21ma, 429.27 50ma. SPY had been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 440, SPY closed below mon, wed, above tue, thu, and fri.
HA candles r,g,g,g,g. MACD turn bull, STOCH turn bull, RSI turn bull, all momentum turn positive.

VIX negative, T/A strong, momentum positive, SPY could trade flat.
SPY target 442, flat move.
(435 was target last week, from 438.51 previous close, actual close was 442.49, 3.98 gain,+0.91%)
 
SPY preview Wk of 8/16/21, 3rd wk and monthly expiry for AUG/2021, fri 8/20.

Media talk inflation, stock bubble, some call 10%, 20%, 30% drop, some call sugar hi, some call more uptrend.
Retail sales numbers tue. Some FED members thinking taper time. Powell talk tue. FOMC minutes on wed.
Political, market drama, stock shorts and bond rout. World events getting dangerous, media avoiding.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus concerns on the rise, new mutations showing up, cases increasing, market seems to whistle past.
Earnings in focus, WMT,HD,GRUB,LZB,CREE,TGT,LOW,TJX,NVDA,CSCOM,KSS,BILI,AMAT,ROST,DE.

VIX up mon, tue, down rest of the wk, now 15 handle. VIX t/a tells, could send VIX higher
VIX term curve positive for markets. VIX giving a likely negative picture for its effect on the market.

Options pricing +/-$3.50 move, +/-0.80%, last fri close 445.92, possible range of 442 to 450 for this week.
Option volume, open interest all over the place for puts, calls, but 440 to 450 range could hold.
Put volume is way ahead of call volume.

Near term T/A, candles, gaps, volume, getting extended, momentum positive, ovi positive.
439 21ma, 432 50ma. SPY had been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 443, SPY closed above all week.
HA candles g,g,g,g,g. MACD bull, STOCH bull, RSI bull, all momentum positive.

VIX a negative, T/A strong, momentum positive, SPY could trade flat.
SPY target 446, flat move.
(442 was target last week, from 442.49 previous close, actual close was 445.92, 3.43 gain,+0.78%)
 
SPY preview Wk of 8/23/21, 4th wk and final expiry for AUG/2021, fri 8/27.

Media talk inflation, stock bubble, some call 10%, 20%, 30% drop, some call sugar hi, some call more uptrend.
Some FED members thinking taper time. Jackso Hole starts thu 8/26, Powell talk fri.
Political, market drama, stock shorts and bond rout. World events getting dangerous.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus concerns on the rise, new mutations showing up, cases increasing, market seems to whistle past.
Earnings in focus, JD,MSGE,PANW,INTU,DKS,ULTA,DG,ADSK,BBW,FRO,PTON,HPQ,DELL,VMW,TOL.

VIX up mon, tue, wed, thu, down fri, now 18 handle. VIX t/a tells, could send VIX higher
VIX term curve positive for markets. VIX giving a likely negative picture for its effect on the market.

Options pricing +/-$5.50 move, +/-1.25%, last fri close 443.36, possible range of 438 to 449 for this week.
Option volume, open interest all over the place for puts, calls, but 420 to 450 range could hold.

Near term T/A, candles, gaps, volume, staying bullish, momentum negative, ovi small positive.
441.6 21ma, 434 50ma. SPY had been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 443.5, SPY closed below wed, thu, just at it fri.
HA candles g,r,r,r,g. MACD bear, STOCH bear, RSI bear, all momentum negative, but very extended.

VIX a negative, T/A still bullish, momentum negative, SPY could trade flat.
SPY target 446, flat move.
(446 was target last week, from 445.92 previous close, actual close was 443.36, 2.56 loss,+0.57%)
 
SPY preview Wk of 8/30/21, 1st wk of expiry for Sep/2021, fri 9/03.

Markets will be closed on Mon 9/06 for Labor Day holiday.
Media talk inflation, stock bubble, some call 10%, 20%, 30% drop, some call sugar hi, some call more uptrend.
Some FED members thinking taper time. FED talkers wed, thu. NFP on fri.
Political, market drama, stock shorts and bond rout. World events getting dangerous.
FED acts are supports for markets, fiscal stim trying to rolling out more dollars,
struggle with infrastructure bill, tax hike talk, inflation fears, hedge fund blow ups.
Virus concerns on the rise, new mutations showing up, cases increasing, market seems to whistle past.
Earnings in focus, ZM,CHWY,DOCU,HPE,AVGO.

VIX down mon, tue, wed, up thu, down fri, now 16 handle. VIX t/a tells, could send VIX higher
VIX term curve positive for markets. VIX giving a likely negative picture for its effect on the market.

Options pricing +/-$4.10 move, +/-0.90%, last fri close 450.25, possible range of 446 to 455 for this week.
Option volume, open interest all over the place for puts, calls, but 435/440 to 455 range could hold.

Near term T/A, candles, gaps, volume, staying bullish, momentum positive, ovi positive.
443.53 21ma, 436.58 50ma. SPY had been in a box, 320 to 390, now out of the box, trading to new high.
8 ma has been support, it is at 445.38, SPY closed above every day.
HA candles g,g,g,g,g. MACD bull, STOCH bull, RSI bull, all momentum positive, getting extended.

VIX a negative, T/A still bullish, momentum positive, SPY could trade up small.
SPY target 452, small up move.
(446 was target last week, from 443.36 previous close, actual close was 450.25, 6.89 gain,+1.55%)
 
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