EARNINGS: TGT (93/52) and COST (91/44) announce earnings next week, with a directionally neutral TGT short strangle shown here paying 3.87 at the mid price, delta/theta 1.01/9.64. EXCHANGE-TRADED FUNDS ORDERED BY RANK AND SHOWING THE FIRST EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS GREATER THAN 10% OF THE STOCK PRICE: XLE (99/55), April XOP (97/79),...
Have a great day
Traders & Investors, We anticipate emerging markets to be vulnerable to a macro slowdown following the virus outbreak in China. Emerging Markets have a high dependency on Chinese demand and consumption which often creates a very strong correlation between domestic activity/trade and the performance of these markets. The effects of the virus are prominent with...
AAXJ broke the trend line. 70.11-68.83 is the next horizontal support range. Not touching this until it holds a support. Wouldn't be surprised if it drops all the way down to long term diagonal support
My price target has been met. Let’s see if it holds. If we break this resistance line the next horizontal line of resistance is around 76.88
The $DXY is reaching a key decision point. It’s teetering on a very key level. Looks like it is breaking down. If it holds. Looks like a double bottom. If it fails it will be putting in lower highs and lower lows
EEM consolidated forming a range since the December 2018 low. As DXY - the US dollar index broke below the 18-month rising trendline, EEM has been trending up since the August 2019 low and broke above the range last week, reaching 45.2, an 18-month high. Momentum suggests further upside is likely. However, since the 45 area is a major resistance area over the past...
Hi, today we are going to talk about iShares MSCI Emerging Markets ETF and its current landscape. The emerging markets today can face an increase of volatility and perhaps pessimism as Trump's stated that will reinstate Steel and Aluminum tariffs for Brazil and Argentina since, in his perspective, both countries are devaluating their currencies to be "unfairly"...
Use election as a bull catalyst.
After Moody's decision on Friday night to downgrade South Africa's credit outlook to negative, there is a keen amount of interest in the direction of the rand and I thought it would be useful to make an observation in this regard. Firstly, it is interesting that the rand has made 3 lower swing high's since tagging the 15.44 horizontal resistance level back in...
It shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs. Here are a few acquisition ideas...
No major change since June. Still, either EM is very cheap vs DM or Gold is very expensive. This should correct in coming weeks
... for a 2.00 credit. Metrics: Max Profit: $200/$100 at 50% max Max Loss/Buying Power Effect: Undefined/$1120 Break Evens: 31.98/46.68 Delta/Theta: 1.51/-3.36 Notes: I had to putz a bit to accommodate skew on the call side ... . Will look to take profit at 50% max, adjust on test of side break even or on side approaching worthless to avoid its going no bid.
EARNINGS No options highly liquid underlying earnings announcements this coming week. EXCHANGE-TRADED FUNDS Ordered by implied volatility rank, with GDX, GDXJ, and XOP providing the best rank/implied volatility metrics for premium selling (>50% rank/>35% implied): SLV (96/29) GLD (95/18) GDX (82/35) GDXJ (80/40) TLT (69/16) FXI (54/26) XOP (52/43) The 16...