Market Reports for the Week of April 17, 2017

By Steve Lentz

As the below video explains, Thursday’s SPX action was that of a Downside Day following an Inside Day.   This occurred while the 15-3-3 stochastic is in a Downtrend between 10 and 60 and the SPX is trending beneath its 50-day simple moving average.  This market condition has occurred just 43 times since January 2000.  Our research indicates that, statistically speaking, it’s slightly more likely than usual that Friday’s bar will end up being unfavorable for market neutral option premium selling. Two reports are included in the video:  The SP 500 Condor/Butterfly Timing Report and the SP 500 Likelihood Report.  Both use market research unique to DiscoverOptions.

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