Last night I wanted to buy SPY puts right at the open of the trading session, but then when I saw futures pointing to market opening 2.5% lower I decided to wait and see the action before jumping in. If the market opens that deep, it may stay flat or actually rise. And sure enough, Continue reading →
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Posts Tagged With 'SPX'
SPY heading to a deep fall at opening
Futures are pointing to a deep decline of the market due to renewed fear over the European debt crisis along with bad economic data coming from the US. When markets are gapping sharply down it is hard to trade it. Will it open low and continue even lower during the day or will the day Continue reading →
SPY on the downhill road
Although the jobless claims were in line with expectations as well as manufacturing data the market failed to go thru the resistance and turned down. Europe’s manufacturing data disappointed and tomorrow we will have Labor data out. The ISM Index remained above 50 number, and although it is trending lower, we most likely will avoid Continue reading →
Why I consider the market status in correction although the market rallies?
My colleague at work asked me that question when we discussed where I think this market will go. The answer was simple. SPY broke down from head and shoulder pattern on a very high volume and suffered some sort of a mini crash since then. It basically created a lower low and corrected to a Continue reading →
Will the Greece debt drag the entire market back down?
Although there are many other aspects which will affect the next movement of the market such as weak economy, job data this coming Friday, ISM report (PMI index) etc, the Greece debt and the entire Eurozone debt crisis seems to be coming back. As probably every one knew, this issue hasn’t been solved at all, Continue reading →
Stocks rallied on earnings expectation
Today, the stock market rallied on earnings expectation, which on the other hand makes me feel like wishful thinking. If the earnings show to be disappointing, the stocks will fall back down. Today’s gains were very impressive as the Dow Jones Industrial Average (DJIA 10,018, +274.66, +2.82%) closed above 10,000 points for the first time Continue reading →
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