Spy500
SPY: 3,2,1 Blast OffBuyers have yet again taken price above a low volume buy bar.
Price went above the low volume bar of April 13th and those
three following bars were "normal" volume days which is a strong
indication that the buying is strong and we are definitely headed
higher.
There might be a small correction but it is highly probable
we are going to continue to put in new highs on the S&P. According to the daily chart
as it is right now, 4,300 on the S&P is a reasonable price target.
SPY dip incomingShowed to be overbought, broke out of resistance with no overbearing candles and only baby candles, I'm expecting a drop to around the 78.60% Fibonacci level
$SPY 432-451 then...76% Rise In Stocks Since The March Low Is The 3rd Largest Jump In 100 Years...What Happens Next...
JPMorgan Sells $13 Billion of Bonds in Largest Bank Deal Ever
(Bloomberg) -- JPMorgan Chase & Co. sold $13 billion of bonds Thursday, the largest deal ever by a bank, taking advantage of some of the cheapest borrowing costs in years to boost its capital after the Federal Reserve let pandemic relief measures lapse.
The deal, which followed the bank’s best quarter ever, hit the market as corporate borrowers continue to see heavy demand for debt that provides a decent premium over Treasuries. Order books grew to about $26 billion, allowing JPMorgan to trim the interest on the debt from the relatively high spreads it initially offered, according to a person with knowledge of the matter.
The jumbo offering may have been related to recent changes in regulatory relief for banks, according to Bloomberg Intelligence analyst Arnold Kakuda.
Treasuries liquidity disappeared in March 2020. In response, the Fed told banks they didn’t have to factor in Treasuries or deposits when calculating their supplementary leverage ratios, which tells them how much capital to set aside to back up their holdings. That exemption went away two weeks ago.
Banks were left in the position of needing to sell Treasuries or add capital, and JPMorgan’s sale of unsecured debt will help it meet total loss-absorbing capacity, or TLAC, requirements, and put the ratio back in balance, Kakuda said.
The bank signaled Wednesday that it would do something. “We have levers to manage SLR and we will,” Chief Financial Officer Jennifer Piepszak told analysts on a quarterly earnings call. The company declined to comment further on Thursday.
Including today’s sale, JPMorgan has raised $22 billion in the U.S. dollar investment-grade bond market this year, more than any other major U.S. bank, according to data compiled by Bloomberg.
“Banks are always going to be hefty issuers, which lends a certain opportunism to tapping the markets especially when funding is still so cheap,” said Jesse Rosenthal, a senior analyst at CreditSights.
The longest portion of the five-part offering, a 31-year security, will yield 107 basis points above Treasuries, according to the person, who asked not to be identified discussing a private transaction. The sale follows strong first-quarter earnings, including a 15% increase in fixed-income, currency and commodity trading revenue and a $5.2 billion release from its credit reserves. Rival Goldman Sachs Group Inc. also sold bonds Thursday.
The previous largest bond sale by a bank also came from JPMorgan, a $10 billion offering in April 2020, the Bloomberg-compiled data show. JPMorgan is the sole bookrunner of the sale, and the proceeds are marked for general corporate purposes.
s&p500 us500 spi500 potential top targetss&p500 spy us500 spi500 potential top targets
this is how u tell if u got ur fib ext correct is when the market responds to it at every fib lvl. like here. so 4300 is key if we break this then 4600-4900 possible
us500: how to use this tip? mid may would be a nice time to sell shares for profit. cant get greedy. profit is profit.
THIS IS NOT A SHORT SIGNAL! just a top target signal for take profit. i only ever buy during a crash or recession, dont ever short the index or stocks!
S&P 500 never ever been better than like this now SPX LONG SPYTarget to 4130
stop, if it reaches to 3950
all the momentum is growing :)
SPY gap fillScenarios
1) Could go down a bit to fill up the gap then head to higher highs
2) Could go down to fill the gap and then bounce off the trend line to head to higher highs
A good dip buy for people who missed the opportunity to get on it before it blasted off/
NOT FINANCIAL ADVICE!!!
QQQ poised to outperform SPY?This chart is the ratio between QQQ and SPY. When the ratio increases, it means QQQ is outperforming SPY.
Just recently the ratio broke out of a symmetrical triangle, and now we may be entering into an ascending channel (purple lines).
If we can manage to stay within the ascending channel, then it's safe to assume that QQQ could outperform SPY by 5 percentage points in the short term. E.g. if SPY returns 10% in a month, then QQQ returns 15% - a difference of 5 percentage points.
If we break out from the ascending channel and move higher, then QQQ could really outperform SPY.
SPY Getting ready for reversal... @ $410We reached the 406 price target with a new target now 410.
Expect a reversal at that point and take some profits...
Shorts would probably pay as the VIX closes the gap.
H&S ideaGood Evening
If this an Head & Shoulder Pattern
then 4072 is a Target
BH-Numbers are BORIS Number
you can find more @
howhighhowlow.com
Good Luck
US Market Technicals Ahead (5 Apr – 9 Apr 2021)Stock market gains could continue with with the $SPX index scaling the 4,000 level for the first time last Thursday. IMF’s spring meeting and minutes from the last FOMC meeting and the ECB’s latest meetings will be in the spotlight this coming week.
Investors will also be watching if Congress will pass President Joe Biden’s massive 2 Trillion infrastructure plan announced last week. Markets in China, Germany, the UK and Australia will be closed on Monday for holidays.
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) surged to its all time high with a gain of +1.61% (+64.1 points) for the week, scaling the 4,000 level for the first time last Thursday.
Those gains could continue after the Labor Department reported Friday that the U.S. economy added 916,000 jobs in March, the most in seven months, while jobs growth in February was also larger than previously estimated. T
The immediate support to watch for $SPX is at 3,989 level, a previous resistance turned support level going forward.
IMF meeting
The IMF is to begin its spring meetings (virtually) on Monday where policymakers will give a snapshot of the economic fallout from the pandemic, but also release updated forecasts for growth for 2021 and 2022.
IMF Managing Director Kristalina Georgieva has already indicated that the updated World Economic Outlook will see an upward revision to January’s forecast for 5.5% global economic growth this year.
Central bank minutes
The Federal Reserve is to publish the minutes of its March meeting on Wednesday and investors will be on the lookout for any fresh insights on inflation amid concerns that unprecedented stimulus will lead to rising price pressures.
Fed Chairman Jerome Powell played down concerns about inflation after the bank’s March meeting, saying policymakers see inflationary pressures as transient.
The ECB is to release its latest meeting minutes on Thursday. Last week ECB President Christine Lagarde said investors could test the bank’s willingness to rein in rising borrowing costs “as much as they want”.
Powell, Fed speakers
Investors will be watching an appearance by Fed Chair Jerome Powell who is due to discuss the global economy on an IMF panel Thursday.
Meanwhile, U.S. Treasury Secretary Janet Yellen is to speak at a webinar hosted by the Chicago Council on Global Affairs on Monday to discuss the global economic recovery from the pandemic.
S&P500 - ready for a breakout?The S&P500 index started the new trading week cautiously. However, the basic course towards the north remains decisive and it is therefore not surprising that market participants have already taken hold again around 3,900 points. Once again, the support level of 3,900 points was confirmed and retains its relevance for further price development. Above this level, the situation remains bullish in the short term. A rise above the round and at the same time psychologically important 4,000 point mark should fuel further attention and interest among market participants. As a result, a sustained performance to the next target at 4,204 points is quite realistic in the further course of the upcoming spring months.
A daily close below 3,880 points, on the other hand, could trigger a sharper decline to support at 3,730 points. Below that, there would be even much greater downside potential to the support zone at around 3,560 points.
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$SPY will crash soon...PLEASE PLEASE BE MOSTLY CASH!Wells Fargo Executes Four Block Trades Worth $2 Billion
Stocks valued at $2.64 billion changed hands in a flurry of block trades Monday as tumult from the wind-down of Bill Hwang’s Archegos Capital Management extended into a new week.
Five block trades valued at a combined $2.14 billion were executed by Wells Fargo & Co., according to a person familiar with the matter.
US STOCKS-S&P 500 near flat; hedge fund default concerns hit banks
The S&P 500 was nearly flat in Monday afternoon trading, with bank shares falling amid warnings of potential losses from a hedge fund's default on margin calls, while optimism over the economy limited the day's declines.
Nomura and Credit Suisse are facing billions of dollars in losses after a U.S. hedge fund, named by sources as Archegos Capital, defaulted on margin calls, putting investors on edge about who else might have been caught out.
Shares of Morgan Stanley were down 2.5% after the Financial Times reported it had also sold billions of shares, while the banks index shed about 1.9%. "There's still chatter as to whether or not, and which, American banks may be affected.
Wall Street's fear gauge rose.
Declining issues outnumbered advancing ones on the NYSE by a 1.94-to-1 ratio; on Nasdaq, a 3.11-to-1 ratio favored decliners.
The S&P 500 posted 69 new 52-week highs and no new lows; the Nasdaq Composite recorded 81 new highs and 50 new lows.
Everything has peaked...
$SPY will knife drop so fast, no one will have any time to sell...
SPY: Charting the chopBeen charting the chop now and have started to find that it is helpful to chart both bullish and bearish scenarios since a healthy level of doubt is good for the longevity of any trading account
At the moment, SPY seems to be in a corrective move after the rally from ~370 to ~398. The speed of the reversal today plus the strength of the selling felt characteristic of a 3rd wave move - confirmation or rejection of this will likely come at open tomorrow (gap down would be confirmation). That may be tough to come by since price is sitting on support and the 'Buy The Dip' mentality is still strong in the market
I would certainly caution bullishness here considering that most of the "good news" is currently known/out but the reality of the lingering bad situations will create waves that may shake investors confidence (Covid Lockdowns/Third wave, Semiconductor Supply Chain issues, Magin Debt, Inflation)
Definitely looking at the downside as more probably right now so marking this as a short thought I do not currently have a position - waiting for tomorrow for the confirmation or resistance test before entering
SPY running risk of falling out of the H1 ChannelSPY is getting closer to the bottom of the H1 channel we have set up. If we continue below 385 then look for a return 382 and then 371 on our Fib sequence.
If we bounce off the bottom of the channel then it is just a release of any overbought scenario. We are short term neutral but long term bearish on the current market as the Daily is very overbought in our opinion.
US Market Technicals Ahead (22 Mar – 26 Mar 2021)For this upcoming week, Investors will be watching the scheduled testimony by Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen on Tuesday and Wednesday before Congress, as 10-year bond yield reached its highest in 14 months. Personal consumption expenditures inflation data will also be released at the end of the week.
Before his joint testimony to Congress with Yellen, Jerome Powell is scheduled to speak Monday at the start of a four-day conference organized by the Bank for International Settlements on innovation in the digital age.
Here’s what you need to know to start your week.
S&P500 (US Market)
The benchmark index ($SPX) traded the week to a all time high of 3,989, before returning all its gain with a weekly loss of -0.77% (-30.2 points) for the week. Optimism about the prospects for the economic recovery has accelerated a shift into bank and other value stocks, powering the $SPX to record levels during the week.
With $SPX remaining above its 20DMA & 50DMA and at a higher low trend formation, the immediate support to watch for $SPX is at 3,860 level, a break on the convergence of both major moving averages. Resistance to watch for $SPX is at 3,989 level, a continuation to break its all time high level.
Powell, Yellen testimony
Powell and Yellen testify before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Wednesday where they will discuss the health of the U.S. economy and the importance of fiscal and monetary stimulus in the recovery from the pandemic.
Financial markets have diverged from the Fed on the possible future outlook for monetary policy, sending yields on U.S. Treasuries to their highest in more than a year.
Investors are pricing in a first rate hike sooner than the Fed currently expects, amid fears that the economy could overheat as it recovers from the pandemic given President Joe Biden’s massive stimulus package combined with the Fed’s easy money policy.
U.S. economic data
On the data front, durable goods orders and the personal income and spending reports are set to be the highlights of the week, along with figures on new and existing home sales.
The housing data together with the personal income and spending figures, which includes the PCE deflator, the Fed’s preferred inflation measure, will probably show weakness, due to the impact of severe winter storms on economic activity in February. However, economists expect the slump to be short-lived.
The U.S. is also to publish the latest revision of fourth quarter 2020 GDP, which was last reported at an annualized 4.1%.
SPYHI! We are trading in a nice Rising Wedge channel and retesting the support area. In this case we may have a small pullback. The Stochastic Momentum Index is curving down + the Histogram .
Waiting for a confirmation (to hit the Fibonacci levels / On the smaller time frames (1h / 5m) to identify patterns to enter a long position.
For a small period I`m bullish on SPY.
Today may be a day with nice discounts on markets. Have a plan ! (Exit target- Entering point).
Have a nice weekend everyone! .
$SPY a bit higher then choppy downtrend...The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index, with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
