Some of the things that I'm watching for in the stock market today as well as a few trade ideas that stand out right now. This video starts with a quick update on the broad markets via QQQ, SPY & IWM, followed by a look at the volatility indexes ($VXN & $VIX) as well as [...]
The near & intermediate-term outlook for the stock market via QQQ (Nasdaq 100 ETF), SPY (S&P 500 ETF), IWM (Russell 2000 Small Cap ETF) & MDY (Midcap 400 ETF) as well as analysis on the $VIX volatility index. Click the setting icon at the bottom right of the chart if you wish to increase the [...]
The scenarios outlined with the dashed orange lines on the 60-minute chart of QQQ, SPY & IWM highlight my expectation for a pullback ranging from at least 1½-3% from the recent highs with a move down to as low as the 240.50ish level on the SPY quite likely. As we are now thick [...]
As per the request for analysis on VXX from @lkeno in the trading room, my charts on both $VIX (spot VIX, CBOE Volatility Index) and VXX (iPath S&P 500 VIX Short-Term Futures ETN) are below. As the underperformance/tracking error of the volatility/VIX tracking ETNs are among the worst of just about any exchange traded products [...]
A recap of today's price action & recent technical developments in the US equity markets (SPY, QQQ & IWM) as well as a few key sectors ETFs such as XLK (technology), XBI & IBB (biotechs), SMH, XSD & SOXX (semiconductors) as well as the volatility indexes ($VIX & $VXN).
Fundamental & technical analysis on a few key sectors including the automakers, biotechnology, semiconductors, technology as well as the volatility indexes. The following stocks & sector ETFs are covered in this order: F, GM, TSLA, TM, XBI, IBB, PBE, SMH, XSD, SOXX, XLK, TECS, $VIX & $VXN.
The $VIX (CBOE Volatility Index) appears poised for at least a 20-50% gain in the next 2-6 weeks as it has just put in a divergent low while dipping just below the lower end of it's range. Although one can't directly trade the spot VIX (shown below) there are numerous trading proxies such as VIX [...]