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Daily Commentary - Posted by on February 18, 2012

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OpEx and Index Highs

OpEx and Index Highs

The expected (see OpEx Week and Multi-Month High) short-term pullback took two days only, and the SPY (S&P 500 SPDR) closed out February's option expiration week with a streak of three consecutive sessions where a new trailing 1-year(+) high pri

Daily Commentary - Posted by on February 13, 2012

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OpEx Week and Multi-Month High

OpEx Week and Multi-Month High

At time of writing (2:36 pm ET) the SPY (S&P 500 SPDR) is up +0.77% and on the verge of closing at a fresh traling 1 year high. When the SPY had closed higher ≥ 0.50% at a fresh 3 (or more) months high on the first session of option expiration

Daily Commentary - Posted by on February 9, 2012

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A Virtually Non-Existent Drawdown

A Virtually Non-Existent Drawdown

Major market indices worldwide are in rally mode, although US markets are likely to take a short-term breather (probably today) after this big surge. But any breather (or even a setback) may be short-lived (again). Besides the fact that the SPY (S&a

Daily Commentary - Posted by on February 6, 2012

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Employment Situation

Employment Situation

On Friday's non-farm payroll release day, unemployment rate had been reported to have fallen from 8.5% to 8.3%, its lowest level in three years, and down on the 5th consecutive month. As is known, the S&P 500 had closed at a fresh 6-month high fo

Daily Commentary - Posted by on February 6, 2012

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Gaps, Highs and Bollinger Band

Gaps, Highs and Bollinger Band

The SPY‘s (S&P 500 SPDR) had closed at a fresh 6-month high on Friday, February 3, 2012, and - with respect to technical analysis - looks ”overbought” (a 5.0%+ run-up over the trailing month, 2-day RSI > 97.50, a full gap up > 0.50%,

Daily Commentary - Posted by on February 4, 2012

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As (the first week of) February goes ...

As (the first week of) February goes …

Major market indices closed at another multi-month high on February 3, 2012, and the endless number of bullish setups being triggered during the last couple of weeks proofed to be right (at least up to now). The S&P 500 closed out the first week