Outlook
We believe SPY would exceed or get close to 210 on Friday expiration, unless SPY breaks down 205 level early this week.
SPY today
 |
| SPY 5m |
SPY stayed in positive territory with dull volume, and closed way above its 5SMA. The problem is 5SMA is still declining and bears would argue it's too early to declare
the bottom.
 |
| $NYAD |
 |
| $NYHL |
 |
| SPY:RSP |
While SPY stayed positive, Advance-Decline ratio was ugly. $NYADV=1410 and $NYDEC=1593. On the other hand, $NYHL was quite impressive. SPY:RSP ratio was positive as well. Those numbers suggest that money is shifting from under weighted components to over weighted components.
 |
| $SPX CVI |
 |
| $SPX STVO |
 |
| $SPX VTO |
CVI and STVO were weak, if not negative today. VTO turned up today, which encourages swing bulls and we can expect positive money flow from those mid-term traders.
 |
| SPY OI 05/13 |
 |
| SPY OI 05/20 |
 |
| SPY DWV 05/13 |
 |
| SPY DWV 05/20 |
 |
| SPY Option big trades 05/13 |
There were no big changes in OI chart today. While stock volume was pretty low today, options for next week (monthlies) were quite active. The DWV chart for monthly shows all activities (put, call and ask, bid) were basically equal today, that means there is no clear edge so far.
No comments:
Post a Comment