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triangle breakout to all time high as expected, now see if bears can make double top here.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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At the moment, spy is ignoring the fact that VIX (shaded red) is suggesting spy-down
Or, at least, it shows that the options traders are in portfolio-protection mode
15 min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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Week at a glance (a couple hours before the close)
Best performers: Gold miners and long treasurys (all the defensives are in positive territory)
Worst performers: QQQ and financials (GS, today, expects a $5 billion hit to Q4 earnings as a result of tax reform … approximately two-thirds of which is due to the repatriation tax.)
HAPPY NEW YEAR TO ALL
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.