SPX

As you can see, the quarterly chart on $SPX is a DOJI... This shows some indecision at these levels so far, but we want to see if the quarter closes red (caution for bulls) or green - to see if the wave continues. There are multiple counts as we discussed... and we are watching the quarterly close...

The wave counts are essentially the same since our last discussion, but the price action is starting to get interesting. Before looking at that, I want to mention that the $SPX quarterly chart is now red. This is concerning but we will wait to see how it closes. I discuss this more...

SPX 0DTE option trading is a high-risk, high-reward strategy that can be incredibly exciting for traders. The potential for large profits is always there, but the risk of losing all of your investment is also very real. This makes SPX 0DTE option trading a very adrenaline-pumping experience. There...

Every week that goes by seems to show how the mega cap stocks that pushed the market higher in the first seven months of the year have now taken a back seat. Sectors like Financials and Energy have seen improved relative strength, while previous bellwether groups like semiconductors have begun...

Welcome to August options expiration week! 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...

Key Takeaway: Shifts from pessimism to optimism are typically bullish for stocks, but bulls and bears are currently in no-man's land for stocks. More Detail: June had more weeks with bulls greater than bears than the previous 18 months combined. The seven previous times optimism re-...

To quote the famous Yankee Hall of Fame catcher Yogi Berra, “it’s tough to make predictions, especially about the future.”  Most people have heard the phrase “it’s time in the market, not timing the market that matters.” In this blog post, LCM Capital...

To gain an edge, this is what you need to know today. Best First Half Ever Please click here for a chart of Invesco QQQ Trust Series 1 (NASDAQ: QQQ). Note the following: The trendline on the chart shows that the rip-roaring AI rally has slowed and QQQ has...

It is possible. There is a bullish count and a bearish count as the market is in the "GoldenZone" the range betweent the .618 and .786 retrace that we have discussed in prior articles. As we look at the quarterly chart, it is difficult to ignore the green candle which has a high...

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...