Timing Stock Market Successfully
  • Home
  • Members
  • Testimonials
  • Contact
  • Home
  • Members
  • Testimonials
  • Contact

Updates for Monday 8/16/21

8/15/2021

0 Comments

 
We trade 3x ETFs such as TQQQ TNA SOXL LABU UVXY using proprietary analysis of volatility.  
​

Updates 12:30 AM EST -  Monday 8/16/21

This week's schedule 
There are not as many economics reports this week as last week.  (Click here for this week's schedule.)   But here are a few events that are likely to move the market.

Tuesday 8/17:   
  • Powell speaks 1:30 PM EST
Wednesday 8/18:   
  • FOMC Minutes 2 PM EST
  • $VIX expiration
Friday 8/20:
  • Equity options expiration

Bullish forces for stocks 
We discussed this last week, and this information is still relevant.
  • Strong earnings; fat profit margins
  • Robust job growth
  • Growing GDP
  • Business spending likely to rise
  • Stock buybacks
  • Crypto market signals "risk-on" mood

Bearish forces for stocks ​​
Fed tapering:  With Powell speaking on Tuesday, FOMC minutes on Wednesday, and Jackson Hole Symposium August 26-28, a lot of attention will be on the issues of Fed tapering:  when, how, and how much.  This is likely to trigger some knee-jerk responses along the way.

Treasury bond yields rising:   US10Y chart formed a short-term double bottom at 1.127, and is likely to test this level again this week. If it forms a multi-bottom, US10Y may climb back up towards 1.6 - 1.7.  When this happens, it can be bearish on $NDX.

Bond volatility is on the move:   The chart of $SRVIX (CBOE interest rate swap volatility index)  shot from 78 up to 110 for 3 days last week before dropping back down on Friday.   It's important to keep monitoring this.


Market internals still weak:   
  • The charts of NYSE and Nasdaq A/D net issues are still showing bearish divergence, but they are also showing some traction.  That is they are no longer dropping and are forming a base.   
  • The percentage of stocks above 200-day MA are still continuing to diverge bearishly from $SPX $NDX prices.

Big picture:  still bullish 
The bull market that started on 3/23/20 is still intact.   Our job is to look for low-risk dips this week to enter long.   With OPEX and $VIX expiration happening this week, we may see more volatility and a slightly bigger dip opportunity to take advantage of.  

$VIX  $VXN $RVX

Charts and projections are available in full post for members.

$SPX $NDX IWM
Charts and projections are available in full post for members.

Signal Trades
Click here for Signal Trades spreadsheet.
...
Subscribe now to read the rest of this post.   Subscribe at our introductory low rate of only $39 per month!   ​
0 Comments



Leave a Reply.

    Archives

    March 2025
    January 2025
    July 2024
    February 2024
    January 2024
    December 2023
    November 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    March 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019

    Categories

    All

    RSS Feed

Copyright (c) 2019-2024 LOOK Systems LLC
All rights reserved.