So far fairly positive start to historically bullish OPEX week although VIX is strangely strong so far. It may be possible that we just bounce up from here but I will want to see how volume/ price action holds through close. Right now, sitting on a premarket entry in QQQ and will probably wait until Tues/ Weds to add.
Per Quantitative Edges, more on the OPEX's history in March
SPY triggered a deep stoch and CCI buy signal on daily, it is 7 for 7 on the last 18 months. Nevertheless, one should be careful on these shallower corrections because there is the possibility of another leg down but so far it is lining up to be 8 for 8.
Be Sociable, share the knowledge! You can share this post by clicking on one of the Facebook, Google+, Twitter buttons below :)
Very bearish now and looking for a retest of lows in 2-3 weeks. I have puts in SPY, AAPL, GOOS, and GLD. Calls in RIG every major dro...
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...