Daily Market Summary

S&P futures are up 0.04% in morning trading
Crude oil futures are up 0.69%
Gold futures are down 0.18%
Bond Futures are down 0.04%

 

As we pointed out, S&P broke resistance at 2080 and now that has become support. We will see if the bulls can take a run at 2134. Crude broke through the 42.50 level and now that will be support. The VIX has approximately one more week in State 8. Look for volatility to be fairly quiet for one more week.

 

Stocks that entered State 1 yesterday:
SNA  SNAP-ON INCORPORATED (HOLDING)

Stocks that entered State 8 yesterday:
AAL   AMERICAN AIRLINES GROUP INC.
JBLU  JETBLUE AIRWAYS CORPORATION

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

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Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are up 0.14 % in morning trading
Crude oil futures are down 1.46%
Bond Futures are up 0.13%
Gold Futures are up 0.33%

 

 

S&P futures are trading up slightly in morning trading. Expect 2080 to be the new support on our way up to 2134. I would not become bearish until we see break of 2080. Our S&P model has 2131 as a target. Crude Oil broke through 42. 50 for a very brief time but retreated, and is trading this morning at 41.81. We expect to see continued weakening in crude oil. We reached our target in oil. Key2Options gives OIH an equal chance of becoming bullish or bearish. I will pick the latter. Gold continues to crawl higher but nowhere near where we would expect it to be. We are still in State 1 and maintain our bullish stance.

 

 

 

Stocks that entered State 1 yesterday:
CBOE             CBOE HOLDINGS
AET               AETNA INC.(NEW)

Stocks that entered State 8 yesterday:
ANAC              ANACOR PHARMACEUTICALS INC.

 

 

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are up 047% in morning trading
Crude oil futures are up 1.21%
Bond Futures are down 0.15%
Gold Futures are up 0.83%

 

S&P futures firmly broke the 2080 level yesterday and have continued in overnight trading, now trading at 2096. The next resistance level will be 2110 then 2134. Last week we had a strong Monday and I wondered if we would have the continuation day on Tuesday where we go for the 2134 number. Typically, we will see a reversal of Monday’s action, turnaround Tuesday. Will the Bulls push it higher today? Watch for maybe a run to 2010 and then a reversal.

 

Crude Oil appears to be creating an “M” formation on the chart. We may see a pullback if it doesn’t break through 42.50.

Crude oil M pattern

 

 

Gold is trading at 1248. I am still looking for 1300 on gold near term. Look for GLD to hit mid to upper 20’s.

 

 

The market is climbing and the VIX is tanking. I promise this won’t last forever. We will let the program tells us when to turn bearish. Our target is 2131 on the SPX, just shy of the 2134 old high.

 

 

Stocks that entered State 1 yesterday:
EMN              EASTMAN CHEMICAL CO
ROST              ROSS STORES INC

Stocks that entered State 8 yesterday:

DNKN            DUNKIN BRANDS GROUP INC.
CVS                  CVS HEALTH CORPORATION

 

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are down 024% in morning trading
Crude oil futures are down 2.81%
Bond Futures are up 0.15%
Gold Futures are up 0.45%

S&P futures bounced off resistance at 2080 last week. We are still in our range of 2030 to 2080 on the S&P .  Crude Oil has dropped 5%percent in the last 2 days. Our thesis is still holding true to form. We expect to see prices going higher eventually taking out 2080 but failing to take out 2134 on the S&P. We are seeing more stocks become bullish. Eventually, this is a contrarian indicator as stocks do not stay in State 1 forever.

 

 

Stocks that entered State 1 yesterday:
HSY    THE HERSHEY COMPANY

Stocks that entered State 8 yesterday:

SIG    SIGNET JEWELERS LIMITED

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are down 0.19% in morning trading
Crude oil futures are down 2.55%
Bond Futures are up 0.26%
Gold Futures are up 0.33%

 

We did not get the two day parabolic rally, and as we have been saying the 2080 Level is the first resistance for the S&P in its quest to take out 2134.  It looks like we will back off before another run is attempted. I believe there is more risk to the downside. We are down slightly this morning with Crude oil off nearly a dollar. Over 75% of the stocks we follow are bullish. We are getting to an overbought condition. We will keep an eye on it and stay bullish temporarily, but I am starting to look for possible short candidates.

 

Capture sp 41516

Stocks that entered State 1 yesterday:
SPY    S&P DEPOSITORY RECEIPTS (SPDRS)

Stocks that entered State 8 yesterday:

STX     SEAGATE TECHNOLOGY
WWE  WORLD WRESTLING ENTERTAINMENT INC.

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are down 0.02% in morning trading
Crude oil futures are up 0.31%
Gold futures are down 0.47%
Bond Futures are down 0.45%

 

The major averages are flat this morning. The slow grind up is still intact although we are reaching the 2080-2090 resistance level in the S&P.  We may see a slight pause today as we try to digest yesterday’s big day.  If we sky rocket through here today and test and fail 2134, then watch out below. What goes up fast, usually ends with a splat!!!

Look for gold to hit 1275 by 4-18. Today it is trading at 1242.

 

Stocks that entered State 1 yesterday:
TSLA           TESLA MOTORS INC

Stocks that entered State 8 yesterday:
GPS               GAP INC (THE)

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are up 0.58% in morning trading
Crude oil futures are down 1.57%
Gold futures are down 1.44%
Bond Futures are down 0.02%

 

S&P futures are up 12 in morning trading. As we have been stating, we expect to see a run to the 2088 level with a possible push up to 2134. The VIX is getting into a very low area, so I’m struggling to see how far we can go from here. Wall Street climbs a wall of worry though.  We have many stocks now into our State 1, and 70% are in bullish states. The only ones not bullish are banks and brokers. If financials are weak, I’m skeptical for any substatial move higher. The problem possibly,  are we experience irrational exuberance 2.o?

Look at a chart from  www.multpl.com regarding PE Ratio’s

pe chart

It shows the current PE Ratio of 22.74, which is well above the mean PE Ratio for the S&P of 15.58. Remember, companies are guiding lower, so the “E” in PE (earnings) will be lower. If we calculate the S&P earnings at $90.00 and use the mean S&P number of 15.58, we get the S&P down to the 1400 level. Let wait and see.

 

Stocks that entered State 1 yesterday:
WMT            WAL-MART STORES INC
NFLX           NETFLIX COM INC

Stocks that entered State 8 yesterday:
LM                 LEGG MASON INC
MNST             MONSTER BEVERAGE CORPORATION

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are up 0.27% in morning trading
Crude oil futures are up 1.02%
Gold futures are down 0.28%
Bond Futures are down 0.41%

 

More of the same!!!! The S&P is in a range. As we pointed out yesterday, 2030 is a number we expect to see the Futures bounce off. Last night in overnight trading, we saw just that.

Capture 41216

We are also seeing the gold movement starting to get some traction. Gold futures appear to be heading towards 1287. We are seeing a little movement in the VIX which may indicate this latest move upward may be ending. I think it has some more room to the upside, but the major risk is to the downside. If we do not get first thru the 2088 level on the S&P futures, then take out 2134, we could be setting up for a loss that will rival 2008.

 

Stocks that entered State 1 yesterday:
CVX   CHEVRON CORPORATION                      95.24

Stocks that entered State 8 yesterday:
OLD NATIONAL BANCORP                    11.79
BWA   BORG WARNER INC                      34.8
KBR    KBR INC.                                            14.29

 

 

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

Daily Market Summary

S&P futures are up 0.34 % in morning trading
Crude oil futures are up 0.33%
Gold futures are down 0.54%
Bond Futures are down 0.26%

 

And the grind continues. The S&P is stuck in a 40 point range between 2030 and 2070. The longer this continues the more likely we will see an explosive move either up or down. Our Volatility index is in State 8 which is bearish. Typically, we will see it stay there for 24 trading day. Presently, it has been there for 11 days, however it did reach its price target. Earning season is right around the corner, so we might see some movement in the major indexes soon. Key2Options will be hosting a webinar on how to play earnings season.  To register, please sign up at Key2Options webinar: Earnings Season

 

Stocks that entered State 1 yesterday:
GFI-Gold Fields LTD
MHFI- McGraw Hill Financial

Stocks that entered State 8 yesterday:
CFR- Cullen Frost Bankers
STI- SunTrust Banks

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.

 

Daily Market Summary

S&P futures are up 0.54 % in morning trading
Crude oil futures are up 3.81%
Gold futures are up 0.15%
Bond Futures are down 0.21%

Up down, up down. S&P futures are up this morning and crude has had a nice rally overnight. As I have been saying, we expect a choppy sideways market with an upward bias for a week or so more before we will see a correction. 2080, 2110, and 2134 are upside resistance for the S&P futures. For now, these are the goals to the upside. We are seeing more banks fall into our bearish State 8 today, which may be a sign of future failure and a longer term decline in the overall market.

 

Stocks that entered State 1 yesterday:
CRM- salesforce.com
MHK -Mohawk Industries.

Stocks that entered State 8 yesterday:
USB- U.S. Bancorp
JPM-Morgan Chase

To learn more about our proprietary State Modeling and how to use it in your trading, visit us at Key2Options.com

Go to www.Key2Options.com to sign up for a membership.

#planyourtrade #options #trading

Capmark Solutions LLC and/or its principals and employees will accept no liability whatsoever for any loss arising from any use of the Key2Options program. The information contained in this blog, or in other related resources is for educational purposes only. Neither Capmark Solutions LLC nor Key2Options, Inc. offer trading advice of any kind.