SPX

To gain an edge, this is what you need to know today. Stock Market Mechanics Please click here for a chart of SPDR S&P 500 ETF Trust (ARCA: SPY) which represents the benchmark stock market index S&P 500. Note the following: The chart shows that the stock market has pulled back to...

We’ve focused recently on the overextended nature of the small group of mega cap leadership names in 2023 and even identified three key charts to watch for a pullback in the technology sector.  This week, we observed further deterioration in breadth indicators, with the cumulative...

Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, TSLA, MSFT, NFLX, META, and NVDA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These...

The pace at which stocks have surged in recent weeks has begun to trigger a few warning signals among the most common technical tools used by traders. On Friday, June 16th, the relative strength index (RSI) for the S&P 500 Index reached its most overbought level since November 2021, suggesting...

We have been discussing the .618 retrace from the all-time-highs to the recent pivot lows, and now that price near these levels, we are seeing some intense price action. Fibonacci retraces are numbers that occur in nature (complex systems), and the $SPX is no different as it is made up of 500...

Using the individually categorized methods available in the Volland dashboard, let’s review option dealer positioning to analyze dealers’ hedging behavior on the S&P 500 Index (SPX). What Is Vanna? The option greek vanna is the sensitivity of deltas (how much profit you can expect...

We have been discussing the possibility of an Elliott Wave triangle overshoot in the most recent run-up.  Whether it is actually a triangle or a different type of wave B is to be determined but there is a level of interest, despite the possibility of finishing the month green. From the all-...

Preferred measures for gauging the strength potential of today's market are unclear, explains Michael Green, a Simplify portfolio manager and strategist. “The traditional adjustments ranging from seasonality to the birth-death models used in smoothing employment reports are in question,...

Prior to the beginning of 2022, the New York-based volatility arbitrage fund The Ambrus Group postulated a change in the market microstructure. In a video, the firm’s leadership said markets were fragile and traditional portfolio constructions such as 60/40 were suboptimal. “It...

With the amount of uncertainty in the financial markets, market sentiment plays a very crucial role in determining where the big money is positioned and what type of market gyrations to expect in the near term.  The VIX represents a real-time index of the market’s...

The Past Week, In A Nutshell What Happened: In light of hopes for a sustained economic rebound, U.S. broad market indices pushed to new all-time highs. Remember This: “[T]he third wave is now hitting the economy harder than we thought and that the damage is likely to keep adding up in coming...

The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...