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BZB Trader

In response to a reader query on my contention that SPY is generally  lagging the other indices here’s a little study of SPY, DIA and QQQ using M3 to look at leadership momentum and it’s clear that SPY has been the recent laggard.
Read the rest of this entry »

Mr. Ice

After 60+ days of calm, we finally had back to back 1% movement on the S&P500 with poor international news flow.  The red hot housing market along with improving economy continue to put a strong support under the market.  Bulls continue to hold the upper hand.

Mrkt_Rwnd

Week 29 14
Source: Mrkt_Commentary** subscription service; prior posts.
Click Twice to Enlarge – NEVER INVESTMENT ADVICE

BZB Trader

Monday and the bulls are off to the races. VIX is down 4% and the indices are destined to close in the green despite worsening conditions in the middle east.  What, me worry? is the mantra carrying us along to the inevitable SPY 200 payday.

Here’s a look at what I’ll call the XIV premium chart (also the VIX premium chart).  They look at the value of SPY relative to the value of XIV and VIX respectively.  Now we talked extensively before about XIV being and ETN tradeable only as a security and VIX being an index tradeable only using options (or futures), so there is instability between the 2 instruments. Read the rest of this entry »

Mrkt_Rwnd

week25
Source: Mrkt_Commentary** subscription service; prior posts.
Click Twice to Enlarge – NEVER INVESTMENT ADVICE

Mr. Ice

Banco Espirito Santo, Portugal’s second-largest bank by market value reassured the markets late Thursday that potential losses resulting from its exposure to Espirito Santo Group will not compromise its compliance with regulatory capital requirements and the bulls were back in business.  While the small cap suffered, S&P and Tech. held in very well and may challenge the highs next week into option expiration.