Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $NOV Short 35 $OKE
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $NOV Short 35 $OKE
SPX with a key back test of the 3389 level overnight as it's trying to break up over the 3411 level. If it can over 3411 it should trigger a test of the key 3425 level. This is a key level from our double top back in September. SPX is opening stronger than NAS and this is mainly because of energy and financials. If energy and financials are able to join this...
It was a back and forth race for the SPDR ETFs this past week. In the end, Real Estate (XLRE) was the winner. Utilities (XLU) had a week of steady growth but could quite beat out Real Estate. Technology (XLK) did well earlier in the week but sold off at the end on bad news. Energy (XLE) had relatively big gains on Friday, but overall still a loser for the week.
... ladder for a total of 2.17 in credit. Notes: 30-day implied at 39.47% with expiry-specific implied at 43.4%, 42.9%, and 43.4% for November, December, and January, respectively. Current yield of 6.71%, so am fine with taking on shares and covering or just keeping the premium.
Here are the sector winners and losers for this week. XLK (Technology) was up and down as it took the Nasdaq for quite a ride. XLF (Finance) was down from the beginning of the week due to news of suspicious transfers not being blocked by large international banks. XLE (Energy) continues to be a loser despite the increase in crude oil prices. Good to keep an...
XLE looks extremely bearish. Might be a good idea to sell some call credit spreads to benefit from the last pop and ride it more to the downside.
Futures on crude oil is increasing while XLE is flat or declining. The gap is widening. Bottom indicator is taking the 100 day % change of each and comparing. How much does XLE need to move to catch up? Is the tech bubble holding XLE down? How resilient would XLE be against the market further correcting?
The past week there was rotation into Energy (XLE). There is precedent for rotations into energy marking tops and continuing as safe havens during corrections. In the bottom chart, you see the rotation happening in September 2018, just before three months of market declines (21% on S%P 500 and 24% for Nasdaq). Looking back further to the 2000 tech bubble, look...
Nice long here. XLE broke (purple) triangle bearish but saw no follow through as it got bid up from 35.30 support on 08/27. Huge support between 34.26 & 35.30 with 34.88 being the 50% retracement of Covid low to high of Covid bounce. This support area has held since early May and should continue to hold unless we see a significant sell off in the broader markets....
Paying attention to the bullish divergence on the 4 hour MACD.
Technically, CL2! is at crucial level as it is challenging a key resistance area, corresponding to 2018 lows. A breach above this resistance could have major bullish implications for oil prices and for the weak energy sector (XLE), over the coming months. Significant increase in oil prices could be seen as inflationary, pushing yield to the upside and increasing...
Great demand zone for a long. Risk under level
Is it Growth versus Value or Tech versus Financials and Energy EW Tech vs. (EW Financials + EW Energy) Divergences from Growth vs. Value have been notable in the past
NASDAQ:TSLA It seems pretty clear based on valuation standards that many tech companies are significantly overbought. Over the past two weeks there has been significant capital outflow from the technology sector while there has simultaneously been large capital inflow into commodity markets, especially oil and natural gas. Head and shoulders pattern forming on...