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 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 (myself especially), so if you see something wrong, speak up.
