Stock News, US News

πŸ•΅οΈβ€β™‚οΈ I SPY TA – Monday Nov. 15, 2021

πŸ•΅οΈβ€β™‚οΈ I SPY TA - Monday Nov. 15, 2021

https://preview.redd.it/gkjdbmg7sdz71.png?width=2240&format=png&auto=webp&s=bacfbbf8704a8b2d705209b78fc98ca35e781972

US Market Wrap – Financial Juice

  • As inflationary pressures continued to resonate across markets, equities in the US rose, led by technology and communication services.
  • After a drop on Wednesday due to higher-than-expected consumer prices, the S&P 500 gained 0.7% in its second day of gains. After announcing that it will split into two companies, Johnson & Johnson gained. After revealing production delays, and Lordstown Motors' stock dropped.
  • The value of treasuries has dropped.
  • While global stocks have experienced their first weekly loss since early October, their losses pale in comparison to the bond market's gyrations.
  • Following a strong corporate results season, stocks have remained near all-time highs. Bond traders, on the other hand, are concerned that rising inflation would lead to tighter monetary policy. Consumer confidence in the US has slipped to a 10-year low.
  • After a US trade holiday on Thursday, Treasury rates climbed on Friday, with the 30-year bond gaining 4 basis points. Meanwhile, a measure of the yield curve in the United States has flattened to its lowest level since March 2020.
  • Stocks in Europe rose, led by luxury consumer companies, while shares in Asia rose, aided by a rally in Japan.
  • The dollar declined as a result of the US' warning that Russia may be contemplating an invasion of Ukraine.
  • Oil slipped and gold erased previous losses.

https://preview.redd.it/x5fev3j9sdz71.png?width=1456&format=png&auto=webp&s=43f5446c67418584521a3f4c6c894b7a882f1edb

πŸ•΅οΈβ€β™‚οΈ I SPY, QQQ, IWM TA – Friday Nov. 12, 2021

SPY Recap – Nov. 12

  • πŸ”Ž support – 462.04
  • Pivot – 463.93
  • πŸ”Ž resistance – 465.66
  • πŸ‚ 🎯 – 467.61 – 469.34 – 471.34 – 473.39
  • 🐻 🎯 – 460.97 – 460.04 – 458.07 – 453.35
  • Resistance at 20 SMMA

https://preview.redd.it/qugiscn5tdz71.png?width=1456&format=png&auto=webp&s=4d6ef0f00cc6dc129188398a8b3dbcd50e267655

SPY – Nov. 12 – Price Action

  • Open: 465.12
  • High: 467.86
  • Low: 464.11
  • Close: 467.27
  • Volume: 53,421,862

https://preview.redd.it/ohm6jw08tdz71.png?width=1456&format=png&auto=webp&s=86b4ab9029ee948b706021bed5d19dc7036e49c5

SPY – Nov. 15 – Analysis

Options Data

Volume totals reflect options traded during the current session (11/12)

  • Put Volume Total: 2,410,004
  • Call Volume Total: 1,924,123
  • Put/Call Volume Ratio: 1.25
  • Put Open Interest Total: 14,150,976
  • Call Open Interest Total: 7,136,948
  • Put/Call Open Interest Ratio: 1.98

https://preview.redd.it/gvku2k3atdz71.png?width=1456&format=png&auto=webp&s=c6e5ce50095643b262de5eca7d09895765893cd8

https://preview.redd.it/mnnmcyibtdz71.png?width=1456&format=png&auto=webp&s=6178a7cdf8b43b02c5766cb27041832fbf80dd84

Nov. 15 Expected Move

https://preview.redd.it/760uytfludz71.png?width=1468&format=png&auto=webp&s=d7abbda246407f5e06f95c3e08f60c308da41cd6

Technical Analysis – 65 min.

  • πŸ”Ž support – 463.79
  • Pivot – 467.59
  • Resistance – 469.32 – 470.09
  • πŸ‚ 🎯 – 471.34 – 474.33 – 476.68
  • 🐻 🎯 – 461.96 – 460.64 – 459.65 – 456.75
  • Support at 20 SMMA

Notes:

  • OPEX on Friday, expecting volatile week ahead
  • Bulls need to follow through on Monday or Tuesday for a complete reversal
  • Expecting 20 SMMA to be retested sometime next week

https://preview.redd.it/zld7obbetdz71.png?width=1456&format=png&auto=webp&s=b08c9a9404991f456ea06823fef19236df191359

RSI – 65 min.

  • Above 50
  • Still room to run

https://preview.redd.it/ka4e3byftdz71.png?width=1456&format=png&auto=webp&s=17b168f2b81e296e6b0dd78e59cb44bcc5e17671

MACD – 65 min.

  • Extended cross
  • Crossed 0 line

https://preview.redd.it/33ws2jmitdz71.png?width=1456&format=png&auto=webp&s=a008d6d822c20d0fdf5fb33147a3f712664e4247

VI – 65 min.

  • Crossed
  • Momentum currently favors the bulls

https://preview.redd.it/rofza8iktdz71.png?width=1456&format=png&auto=webp&s=99bcbc7e47fe24c5eb495bbbba01b714dc7430a0

SPY Long-term Levels – 1 day

  • Filled gap
  • Look for gap fill to possibly act as support
  • 20 SMMA hasn’t been tested since 10/14

https://preview.redd.it/c1ote9mmtdz71.png?width=1456&format=png&auto=webp&s=d578698394d75e2f630164edf307b9f34e6d988e

VIX – 65 min.

  • Support @ 16.37, 14.90
  • 20 SMMA acting as resistance
  • Resistance – 18.31

https://preview.redd.it/rj89t9dotdz71.png?width=1456&format=png&auto=webp&s=72285ab15ed07e0abd5d4bbb3020cf33c1c8c094

Need to Know Market Risk – Financial Juice

  • Biden and China’s Pres. Xi are to hold a virtual meeting on Monday.
  • According to a poll, BoE to lift bank rate to 0.25% on December 16th vs first hike seen in Q1 2022 in October poll.
  • Kremlin is said to have sent a warning to NATO on military support for Ukraine.
  • Kremlin: We act to protect Russia's security if there are actions by our opponents – NATO and the US – along our borders.
  • In response to Lukashenko's gas threat, the Kremlin quotes Putin's assertion that Russia has always maintained its contractual obligations.
  • Japan is planning an economic stimulus package worth more than 40 trillion yen, according to the Nikkei.

Current Positions:

https://preview.redd.it/m4xf2iirtdz71.png?width=1348&format=png&auto=webp&s=f7847bd2e1df6eb716c0598f711432fa0bf5ee2c

Thanks for reading,

🌝NightMan

submitted by /u/jjd1226
[link] [comments]

Jump To The Original Source

Facebook Comments

Check Also

Trump ex-chief of staff Meadows ends cooperation with Capitol riot panel

Published by Reuters By Patricia Zengerle WASHINGTON (Reuters) ...

Archives