Today $SPY filled its gap from the Nov. 10 CPI print.
We’re currently below the major moving averages.
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
Today $SPY filled its gap from the Nov. 10 CPI print.
We’re currently below the major moving averages.
At this point, it is almost becoming a cliche. But whenever the market sells off and Berkshire Hathaway takes a dip, it’s almost becoming money in the bank to sell puts.
It’s already worked for us numerous times this year. This won’t work forever, of course, but until it stops working we should keep giving it a go.
With this in mind, let’s get to work. [Read more…]
An All Star Options community member recently sent me an email asking about the Average True Range (ATR) indicator and whether or not it is helpful in ascertaining if options premiums are elevated or depressed in the underlying instrument.
For a pretty thorough explanation of what ATR is, here’s a blurb I found on macroption.com: [Read more…]
by David
From the Desk of Kimmy Sokoloff
Another gap lower for the indices this morning. I’ll be watching to see if the $SPX can hold 3,861 or so.
I was looking for a gap down. Now we’ll see if we can get a bounce.
by JC
With the major indexes below overhead supply, you’re seeing the choppy action.
There are stocks continuing to do very well, like Homebuilders for example. And there are some stocks really struggling, like U.S. Banks.
But in the aggregate, at the index level, you’re seeing the grind. [Read more…]
by Ian Culley
It’s the weekly bond market edition of What the FICC?
Today we’re highlighting the breakout in bonds.
Check it out!
by David
From the Desk of Kimmy Sokoloff
The market opened lower and continued on that path all day.
It was a tough day, and I tried to manage risk.
The $SPX hit some support at 3,887. The next level down is 3,867.
by JC
These are the registration details for our Live Mid-month Conference Call for Premium Members of All Star Charts.
Our next Live Call will be held on Tuesday December 20th at 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.
Here are the details for Tuesday night: [Read more…]