SPX: Flashing cautionary signals (again).

SPCFD:SPX   标准普尔500指数
My cautious call of 2 weeks ago may have been premature (see link below).
However, we are now seeing additional cautionary signals on the SPX:
1. Two consecutive down days at the beginning of this week;
2. Visible break yesterday on the index (gap down);
3. Reasonable volume on the downside;
4. Traded and closed below SMA10;
5. Tech indicators turning ( MACD , RSI , Stock);
6. RSI coming from very overbought levels >85;
7. Treasury yields picking up;
8. Some divergence/topping signs from tech market leaders;
9. High-volume surge in the VIX (please see chart below);
10. VIX broke/closed above two resistance levels in a day.

Current earnings should bring further steam to this market, either for a highly-expected consolidation or for a rebound.
In this context, am warming up to buying downside exposure in one -or multiple- of the following ways:
1. Reducing portfolio risk by taking selective profits/losses;
2. Buying puts on selected stocks ahead of earnings ;
3. Shorting the market outright ( SPY , QQQ );
4. Buying volatility outright ( VXX ).

The rest of this week should be interesting and followed closely.

Feb 01
评论: Yesterday the market showed some difficulty picking up to/over its 2,850/2,875 glass ceiling... The weakness took place in increasing volume. Good earnings in large techs do not seem to want to take the stocks higher. More caution warranted from here. Will keep eyes on tech earnings tonight (AAPL/GOOGL/AMZN) - If those fail to lift the market, this will be yet another indication of a turnaround, perhaps the beginning of a proper consolidation. The game here is to protect profits and to be very careful with any new positions.
Feb 02
评论: Market weakness confirmed. Building a position in volatility by purchasing VXX. Stopping this thread.
Feb 02
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 剧集 如何运作 图表功能 价格 网站规则 版主 网站 & 经纪商解决方案 插件 图表解决方案 轻量图表库 帮助中心 推荐朋友 功能请求 博客 & 新闻 Twitter
概述 个人资料设置 账号和账单 推荐朋友 我的客服工单 帮助中心 已发表观点 粉丝 正在关注 私人消息 聊天 退出