توسط لارنس جی مک میلان
This market is still akin to a runaway freight train. The momentum is strong and positive, and there are no confirmed sell signals at this time. This has made the market “overbought” in a general sense, but subscribers know that “overbought does not mean sell.” Only confirmed sell signals mean “sell.”
نمودار $SPX همچنان قوی است. شاخص تا کنون افزایش یافته است، به قدری سریع، که سطح حمایت بسیار پایین تر از سطح فعلی است. اولین سطح حمایت واقعی، بالاترین سطح مارس است که مجددا آزمایش نشده است. این سطح پشتیبانی در 3990 است. زیر آن سطح حمایت، پشتیبانی قوی تر در 3850-3870 وجود دارد.
Meanwhile, the equity-only put-call ratios remain on buy signals — especially the weighted ratio. The standard ratio is not dropping as fast, but remains on a buy signal as well. These ratios will remain positive for stocks until they roll over and begin to rise.
عرض هنوز هم عقب مانده است. قوی نبوده است، اما نوسانگرهای وسعت روی سیگنال های خرید باقی می مانند.
That brings us to the subject of volatility, an area where the indicators have generally been bullish for stocks since April 2020. The previous $VIX “spike peak” buy signal has expired, but the trend of $VIX is down, and that is bullish for stocks.
In summary, we continue to recommend holding a “core” bullish position, as we have done for some time. As the market continues to rally, roll long call strikes up and raise trailing stops. We will take bearish positions around the “core” bullish positions when such sell signals appear.
این تفسیر بازار یک نسخه کوتاه شده از تفسیری است که در آن ارائه شده است خبرنامه استراتژیست گزینه.
منبع: https://www.optionstrategist.com/blog/2021/04/weekly-stock-market-commentary-4162021