Írta: Lawrence G. McMillan
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.”
A $SPX diagram továbbra is erős. Az index eddig olyan gyorsan emelkedett, hogy a támogatottsági szintek jóval a jelenlegi szint alatt vannak. Az első igazi támogatási szint a márciusi csúcsok, amelyeket nem teszteltek újra. Ez a támogatási szint 3990. Ez alatt a támogatási szint alatt erősebb a 3850-3870 támogatás.
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.
A Breadth még mindig lemaradt. Nem volt robusztus, de a szélesség-oszcillátorok továbbra is vételi jeleken vannak.
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.
Ez a piaci kommentár a benne szereplő kommentár rövidített változata Az opciós stratéga hírlevele.
Forrás: https://www.optionstrategist.com/blog/2021/04/weekly-stock-market-commentary-4162021