Taylor Horton Options daily

Long $SPX?

For the first time since March, we’ve seen the indices print 3 consecutive closes above the daily 21EMA. Looking for support at 4100, let’s discuss the potential for a bit more short-term upside should this level hold.

Kody Ashmore, Options

Range-bound for summer trading? At least the dark pool will keep us busy.

I am entertaining the idea that the markets may be range-bound through the summer with lower volume & volatility than historically happens during the summer. Even if that is the case, the dark pool will give us some setups to watch. Right now there is some interesting dark pool activity in UPS, ETSY & XOM. Let’s take a look at them.

Raghee Simpler Futures

Pressure Points: VIX, Bonds, and XLK

These three symbols can tell traders a lot about where markets are likely to head next and what levels we need to respect. May is over, and the end-of-month rally seems to have stalled.

Raghee Simpler Futures

Did the May rally change anything?

In the corners of the market that matter—the high concentration weighted sectors in the indices—not enough despite the rally that attempted to predict that the Federal Reserve would change its policy tone and action. Breaking down the indices into the sectors and stocks that move them is the best path to clarity in this retracement, and in some cases, chop.

NQ Voodoo Fireline Signals Short-Term All Clear

Wednesday night the NQ futures established support above the Voodoo Fireline. Pushing away from this level gave a short-term all clear for bulls to step in. But it’s still too early to declare a long-term bottom in place.