Trading in Luxury

SPY preview Wk of 9/6/21, 2nd wk of expiry for Sep/2021, fri 9/10. (Quad witch next expiry, fri 9/17)

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. PPI 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,COUP,RH,LULU,GME,FCEL,ZS,PLAY,KR.

VIX down mon, up tue, down wed, up thu, flat fri, still 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 +/-$3.60 move, +/-0.80%, last fri close 453.08, possible range of 449 to 457 for this week.
Option volume, open interest all over the place for puts, calls, but 445 to 460 range could hold.

Near term T/A, candles, gaps, volume, staying bullish, momentum negative, ovi positive.
446.57 21ma, 439.69 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 450.91, 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 455, small up move.
(452 was target last week, from 450.25 previous close, actual close was 453.08, 2.83 gain,+0.63%)
 
SPY preview Wk of 9/13/21, 3rd wk, monthly and quad witch expiry for Sep/2021, fri 9/17.

Markets closed last monday 9/6 for Labor Day holiday, so only a 4 day trading week last week.
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. No FED talkers. AAPL event tue. CPI tue, Retail Sales thu.
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.
Virus concerns on the rise, new mutations showing up, cases increasing, market starting to get nervous???.
Earnings in focus,ORCL,VOLT,DPZ,CCL,KSU.

VIX climbed all week, now 20 handle, almost 21. 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 +/-$8.00 move, +/-1.80%, last fri close 445.44, possible range of 437.5 to 453.5 for this week.
Option volume, open interest all over the place for puts, calls, but 430/440 to 450/460 range could hold.

Near term T/A, candles, gaps, volume, bearish, momentum negative, ovi turning down, close to 0.
447.80 21ma, 441.43 50ma. SPY had been in a box, 320 to 390, now out of the box, trading off new high.
8 ma has been support, it is at 450.80, SPY closed at it tue, then below rest of week..
HA candles r,r,r,r,. MACD bear, STOCH bear, RSI bear, all momentum negative, getting extended.

VIX a negative, T/A bearish, momentum negative, SPY could continue down, with possible reversal??.
SPY target 444, small down move.
(455 was target last week, from 453.08 previous close, actual close was 445.44, 7.64 loss, -1.69%)
 
SPY preview Wk of 9/20/21, 4th wk, expiry for Sep/2021, fri 9/24.

The debt ceiling needs to be raised, likely used as a pawn to get the votes needed to pass other spending.
Media talk inflation, stock bubble, some call 10%, 20%, 30% drop, some call sugar hi, some call more uptrend.
Some FED members think taper time. FOMC Economic Projections statement and presser wed. 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.
Virus concerns on the rise, new mutations showing up, cases increasing, but maybe starting to turn down.
Earnings in focus,LEN,AZO,FDX,ADBE,ACB,SFIX,BB,KBH,COST.

VIX bounced around all week, stil 20 handle, almost 21. 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 +/-$7.60 move, +/-1.72%, last fri close 441.40, possible range of 434 to 449 for this week.
Option volume, open interest all over the place for puts, calls, but 425/432 to 450/455 range could hold.

Near term T/A, candles, gaps, volume, bearish, momentum negative, ovi was negative, back up to flat.
446.72 21ma, 441.33 50ma. SPY had been in a box, 320 to 390, now out of the box, trading off new high.
8 ma has been support, it is at 445.32, SPY closed below all week..
HA candles r,r,r,g,r. MACD bear, STOCH bear, RSI bear, all momentum negative, getting very extended.

VIX a negative, T/A bearish, momentum negative, SPY could continue down, with possible reversal??.
SPY target 444, bounce up move.
(444 was target last week, from 445.44 previous close, actual close was 441.40, 4.04 loss, -0.91%)
 
SPY preview Wk of 9/27/21, 1st wk, expiry for Oct/2021, fri 10/01.

The debt ceiling needs to be raised, likely used as a pawn to get the votes needed to pass other spending.
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 mon, tue, wed, thu. Powell testimony to senate tue, talk wed.
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.
Virus concerns on the rise, new mutations showing up, cases increasing, but maybe starting to turn down.
Earnings in focus,ACB,THO,MU,CALM,JBL,CTAC,NG,BBBY,KMX,MKC,PAYX,JEF.

VIX bounced to highs during week, then down thu, fri. 17 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 +/-$4.50 move, +/-1.00%, last fri close 443.91, possible range of 439 to 449 for this week.
Option volume, open interest all over the place for puts, calls, but 425/435 to 450/455 range could hold.

Near term T/A, candles, gaps, volume, bearish, momentum negative, ovi bouncing around +/-0 level.
445.40 21ma, 441.74 50ma. SPY had been in a box, 320 to 390, now out of the box, trading off new high.
8 ma has been support, it is at 440.20, SPY closed below m,t,w,t, above fri.
HA candles r,r,r,g,g. MACD bear, STOCH bear, RSI bear, all momentum negative, getting very extended.

VIX a negative, T/A bearish, momentum negative, SPY could move down.
SPY target 441, down move.
(444 was target last week, from 441.40 previous close, actual close was 443.91, 2.51 gain, +0.57%)
 
SPY preview Wk of 10/04/21, 2nd wk expiry for Oct/2021, fri 10/08.

The debt ceiling for borrowing needs to be raised by 10/18, and government spending needs to be authorized.
Talk inflation, stock bubble, some call 10%, 20%, 30%, 90% drop, some call sugar hi, some call more uptrend.
Some FED members thinking taper time. FED talkers tue, wed, thu. NFP friday 10/08.
Political drama, 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.
Virus concerns on the rise, new mutations showing up, cases increasing, but maybe starting to turn down.
Earnings in focus,PEP,STZ,LEVI,CAG,HELE,TLRY,ACCD.

VIX bounced to highs during week, then down fri. 21 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 +/-$8.50 move, +/-2.00%, last fri close 434.24, possible range of 426 to 443 for this week.
Option volume, open interest all over the place for puts, calls, but 420 to 440 range could hold.

Near term T/A, candles, gaps, volume, mainly bearish, momentum negative, ovi negative.
442.03 21ma, 442.22 50ma. SPY had been in a box, 320 to 390, now out of the box, trading off new high.
8 ma has been support, it is at 437.39, SPY closed below all week.
HA candles g,r,r,r,r. MACD bear, STOCH bear, RSI bear, momentum negative, getting very extended, maybe turn?.

VIX a negative, T/A bearish, momentum negative, but extended, SPY could bounce around.
SPY target 436, small up move.
(441 was target last week, from 443.91 previous close, actual close was 434.24, 9.67 loss, -2.2%)
 
SPY preview Wk of 10/11/21, 3rd wk and monthly expiry for Oct/2021, fri 10/15.

Mon 10/11 bond mkt closed, Columbus Day, stock action could be slowed as traders at bond houses on break.
Debt ceiling needs to be raised, government spending needs to be authorized, might get temp action this week.
Talk inflation, stock bubble, some call 10%, 20%, 30%, 90% drop, some call sugar hi, some call more uptrend.
Some FED members think taper time. FED talkers mon,tue,wed,thu,fri. FED meeting minutes wed. CPI, core CPI wed.
Political drama, market drama, stock shorts and bond rout. World events getting dangerous, China turmoil.
FED acts support for markets, fiscal stim trying for more dollars, struggle with infrastructure bill, tax hike talk.
Virus still concern, new mutations showing up, cases starting to turn down.
Earnings in focus,DAL,BLK,GS,JPM,WFC,C,DPZ,WBA,BAC,UNH,TSM,MS,AA,SCHW.

VIX high mon, tue, then pulled back thu, fri. 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 +/-$7.00 move, +/-1.60%, last fri close 437.86, possible range of 431 to 445 for this week.
Option volume, open interest all over the place for puts, calls, but 425/435 to 440/442 range could hold.

Near term T/A, candles, gaps, volume, mixed, momentum turning up, ovi was negative, now flat.
438.36 21ma, 441.83 50ma. SPY had been in a box, 320 to 390, now out of the box, trading off new high.
8 ma had been support, became resistance, it is at 433.87, SPY closed above thu,fri.
HA candles r,g,r,g,g. MACD turn bull?, STOCH bull, RSI bear?, momentum was negative, extended, now turn?.

VIX a negative, T/A mixed, momentum turning bull, SPY could bounce around.
SPY target 438, small up move.
(436 was target last week, from 434.24 previous close, actual close was 437.86, 3.62 gain, +0.83%)
 
SPY preview Wk of 10/18/21, 4th wk expiry for Oct/2021, fri 10/22.

Debt ceiling raised to Dec 3.
Talk inflation, stock bubble, some call 10%, 20%, 30%, 90% drop, some call sugar hi, some call more uptrend.
Some FED members thinking taper time. FED talkers tue,wed,fri.
Political drama, market drama, stock shorts and bond rout. World events getting dangerous, China turmoil.
FED acts support for markets, fiscal stim trying for more dollars, struggle with infrastructure bill, tax hike talk.
Virus still concern, cases starting to turn down, forced vaccination being pushed, meeting resistance.
Earnings in focus,TSLA,INTC,VZ,T,JNJ,UAL,NFLX,CROX,LUV,FCX,CLF,SAM,IBM,HAL,SLB,BX,AAL,WGO.

VIX up mon, then pulled back rest of week. 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 +/-$7.00 move, +/-1.60%, last fri close 445.87, possible range of 440 to 452 for this week.
Option volume, open interest all over the place for puts, calls, but 440 to 450 range could hold.

Near term T/A, candles, gaps, volume, mainly positive, momentum turning up, ovi positive.
436.82 21ma, 441.85 50ma. SPY had been in a box, 320 to 390, now out of the box, trading off new high.
SPY has been below the 50ma for about one month, closed above on fri, could be a good sign for the upcoming week.
8 ma had been support, became resistance, it is at 437.91, SPY is back above.
HA candles r,r,r,g,g. MACD bull, STOCH bull, RSI bull, momentum positive.

VIX a negative, T/A mostly positive, momentum bull, SPY could could move up. SPY target 450, up move.
(438 was target last week, from 437.86 previous close, actual close was 445.87, 8.01 gain, +1.83%)

Options were pricing +/-$7.00 move last week, +/-1.60%, from previous fri close of 437.86, range of 431 to 445.
Actual close was 445.87, 8.01 gain, +1.83%.
SPY has been below 50ma for about a month, closed above on fri, could be a good sign for the upcoming week
 
SPY preview Wk of 10/25/21, 5th wk expiry for Oct/2021, fri 10/29.

Debt ceiling raised to Dec 3.
Talk inflation, stock bubble, some call 10%, 20%, 30%, 90% drop, some call sugar hi, some call more uptrend.
Some FED members thinking taper time. No FED talkers scheduled for the week. FOMC meeting next week tue, wed.
Political drama, market drama, stock shorts and bond rout. World events getting dangerous, China turmoil.
FED acts support for markets, fiscal stim trying for more dollars, struggle with infrastructure bill, tax hike talk.
Virus still concern, cases starting to turn down, forced vaccination being pushed, meeting resistance.
Earnings in focus,AAPL,FB,UPS,RTX,TWTR,AMD,GOOG,MSFT,TDOC,V,CAT,AMZN,XOM,CVX,KO,SBUX.

VIX pulled back all of week, doji on fri. 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 +/-$4.65 move, +/-1.00%, last fri close 453.12, possible range of 448.5 to 458 for this week.
Option volume, open interest all over the place for puts, calls, but 450 to 455 range could hold.

Near term T/A, candles, gaps, volume, positive, extended, momentum extended, ovi positive.
440 21ma, 442.81 50ma. SPY had been in a box, 320 to 390, now out of the box, trading at new high.
SPY has been below the 50ma for about one month, closed above previous fri, above all last week.
8 ma back being support, it is at 447.56, SPY above all week.
HA candles g,g,g,g,g. MACD bull, STOCH bull, RSI bull, momentum extended.

VIX a negative, T/A positive, momentum bull but extended, SPY could still move up. SPY target 455, up move.
(450 was target last week, from 445.87 previous close, actual close was 453.12, 7.25 gain, +1.63%)
 
SPY preview Wk of 11/1/21, 1st wk expiry for Nov/2021, fri 11/05.

Debt ceiling raised to Dec 3.
Talk inflation, stock bubble, some call 10%, 20%, 30%, 90% drop, some call sugar hi, some call more uptrend.
Some FED members thinking taper time. FOMC meeting tue, wed. NFP release fri.
Political drama, market drama, stock shorts and bond rout. World events getting dangerous, China turmoil.
FED acts support for markets, fiscal stim trying for more dollars, struggle with infrastructure bill, tax hike talk.
Virus still concern, cases starting to turn down, forced vaccination being pushed, meeting resistance.
Earnings in focus,DKNG,CGC,AMC,PFE,APPS,Z,GNRC,UBER,PTON,FSLR,SQ,OXY.

VIX moved up during the week, 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 +/-$5.70 move, +/-1.25%, last fri close 459.25, possible range of 454 to 465 for this week.
Option volume, open interest all over the place for puts, calls, but 450/455 to 460 range could hold.

Near term T/A, candles, gaps, volume, positive, extended, momentum extended, ovi positive.
444.73 21ma, 444.29 50ma. SPY had been in a box, 320 to 390, now out of the box, trading at new high.
8 ma back being support, it is at 455.27, SPY above all week.
HA candles g,g,g,g,g. MACD bull, STOCH bull, RSI bull, momentum extended.

VIX a negative, T/A positive, momentum bull but extended, SPY could still move up. SPY target 462, up move.
(455 was target last week, from 453.12 previous close, actual close was 459.25, 6.13 gain, +1.35%)
 
SPY preview Wk of 11/8/21, 2nd wk expiry for Nov/2021, fri 11/12.

Options pricing +/-$5.10 move, +/-1.10%, last fri close 468.53, possible range of 463.5 to 474 for this week.
Option volume, open interest all over the place for puts, calls, but 450 to 470/475 range could hold.
 
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