Írta: Lawrence G. McMillan
After bouncing off of support at 4370 last week (the third time that $SPX has found support at that level –meaning it is now extremely important support), $SPX rallied to new intraday and all-time highs. The NASDAQ-100 ($NDX; QQQ) did the same, but the Dow ($DJX) has lagged behind.
A támogatási szintek piros vízszintes vonalakkal vannak jelölve az 1. ábrán látható diagramon, de valójában csak a 4370 számít. Ha ez eltörik, a többi hamarosan leeshet. De amíg a $SPX 4370 felett marad, addig a diagramja bullish.
Since the chart of $SPX is the most important indicator, this means that a “core” long position should be maintained.
A csak részvények eladási és vételi arányai vegyesek. A Standard arány (2. ábra) fokozatosan vételi jelzésre gördül. A súlyozott arány (3. ábra) éppen új relatív csúcsot hozott, így továbbra is eladási jelzésen marad.
Breadth improved dramatically over the 4-day trading period beginning with last Friday, August 20th. Even so, the oscillators are split, with the “stocks only” being on a sell, while the NYSE oscillator is on a buy signal.
The most recent $VIX “spike peak” buy signal occurred just a week ago, on August 20th. The trend of $VIX is lower as it remains below the declining 200-day moving average, and so does the 20-day MA of $VIX. Those are all bullish signs for stocks.
In summary, retain a “core” long position because of the positive nature of the $SPX chart. If support at 4370 is broken, that would be a big negative. Meanwhile, confirmed signals in both directions can be traded around that “core” position.
Ez a piaci kommentár a benne szereplő kommentár rövidített változata Az opciós stratéga hírlevele.
Forrás: https://www.optionstrategist.com/blog/2021/08/weekly-stock-market-commentary-8272021
