December 27 Market Update | Technical, Fundamental, News
Description:
An analysis for the week ahead.
Points of Interest:
The $3,691.00 boundary and $3,667.75 HVNode.
Technical:
In light of the holiday, I’m keeping it short.
Though risks remain, markets are pricing in the odds of a continued rebound. Unless some exogenous event were to transpire, technically speaking, all broad-market indices are in an uptrend.
For next week, two go/no-go levels exist; S&P 500 trade that finds increased involvement above $3,691.00 and below $3,667.75 would suggest a change in conviction. Anything in-between favors responsive trade.
Key Events:
Wednesday: MBA Mortgage Applications, Goods Trade Balance, Pending Home Sales, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change.
Thursday: Initial and Continuing Jobless Claims.
Key Metrics:
Sentiment: 43.6% Bullish, 34.4% Neutral, 22.0% Bearish as of 12/23/2020. bit.ly/330VhEp
Gamma Exposure: (Trending Neutral) 3,491,944,085 as of 12/24/2020. bit.ly/2UpgtRE
Dark Pool Index: (Trending Higher) 44.1% as of 12/24/2020. bit.ly/2UpgtRE
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
An analysis for the week ahead.
Points of Interest:
The $3,691.00 boundary and $3,667.75 HVNode.
Technical:
In light of the holiday, I’m keeping it short.
Though risks remain, markets are pricing in the odds of a continued rebound. Unless some exogenous event were to transpire, technically speaking, all broad-market indices are in an uptrend.
For next week, two go/no-go levels exist; S&P 500 trade that finds increased involvement above $3,691.00 and below $3,667.75 would suggest a change in conviction. Anything in-between favors responsive trade.
Key Events:
Wednesday: MBA Mortgage Applications, Goods Trade Balance, Pending Home Sales, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change.
Thursday: Initial and Continuing Jobless Claims.
Key Metrics:
Sentiment: 43.6% Bullish, 34.4% Neutral, 22.0% Bearish as of 12/23/2020. bit.ly/330VhEp
Gamma Exposure: (Trending Neutral) 3,491,944,085 as of 12/24/2020. bit.ly/2UpgtRE
Dark Pool Index: (Trending Higher) 44.1% as of 12/24/2020. bit.ly/2UpgtRE
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me.
In no way should this post be construed as investment advice.
This page is where we look to share knowledge and keep track of trades. Feel free to comment if you have questions, concerns, or suggestions. Everyone can improve, so speak up if you see something wrong!
This page is where we look to share knowledge and keep track of trades. Feel free to comment if you have questions, concerns, or suggestions. Everyone can improve, so speak up if you see something wrong!
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