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Showing results for tags 's&p 500'.
Found 5 results
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Hello, This thread is created to discuss the option strategies to be adopted for the month of Feb, 2012. Kindly put your view so that we can have a fair idea of how the traders are expecting the S&P 500 to move in Feb and will frame strategies for Feb.
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I have had success with US major indices and equities along with currency pairs that features the USD. So I thought why don't I share them here with you. You guys probably remember from my other thread Tech Picks from the Valley Trader. I also have plenty of strategies that I am willing to share. I really love the Floor Trader Strategy for Futures Trading Anyway, getting back to the subject of this thread. The sources I use are Forex Factory, DailyFX, Bloomberg/Reuters. I am not going to waste anytime here and will go ahead and share my first tip for you. It is the US Advance Gross Domestic Product that will be announced as you start your day Wednesday. Then there is also the US FOMC Statement and the Federal Funds Rate. The GDP is an important gauge of economic health as you guys already know. Watch out for the Advance GDP released Wednesday as it has the highest impact on the markets. This is because it is the first of the three versions (Advance, Preliminary and Final). Look for a figure higher than 2.2% and then buy a Call on the Dow and one on the S&P 500. As for the FOMC Statement and Federal Funds Rate, they create a lot of two-way movement and I will wait until a clear direction can be perceived after the market settles down.
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Hello everyone, I have started this thread to talk about regarding the markets (basically S&P 500 and Dow Jones Index) movements in the month of March. What do you think where will it move northwards or southwards ? In my opinion, since U.S. stock futures are higher and pushing the S&P 500 up to make a fresh challenge on its all-time highest close and for the Dow Jones to continue its record run. I see the market to move in northwards in march. Do you ???
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Hi All, What option strategy we should follow to gain for S&P 500 for the month of Jan ? Need suggestions
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When Richard Arms introduced the TRIN (also called Arms Index) in 1967 through Barron's, it immediately got wide following by professional traders. The formula is quite simple yet a little bit intriguing - it is defined as a ratio of two ratios: TRIN = (Advancing Issues / Declining Issues) / (Advancing Volume / Declining Volume) Of course, initially the calculation was only done for all NYSE issues. As it started to gain popularity, other major stock exchanges started to report their own TRIN readings throughout the trading day. For this discussion, I am talking about the TRIN for NYSE only since most of S&P 500 stocks are trading in NYSE. Without closely watching the actual values of TRIN in conjunction with the market action, it is very hard to get an INTUITIVE feel of this index. Of course, you can find many introductory material in the web for a typical reading - TRIN is a market breadth indicator, it has an inverse correlation with market movement: when it is below 1, the market is bullish, when it is above 1, the market is bearish, etc, etc... Before I share my experience of using TRIN for ES intraday trading, I like to take an extra step to do a "zero" twist of this well-known index. Applying middle-school algebra, the TRIN can be expressed alternatively: TRIN = (Declining Volume / Declining Issues) / (Advancing Volume / Advancing Issues) or really it means: TRIN = Average Declining Volume / Average Advancing Volume WOW! Does that ring a bell? So intuitively, TRIN is not a typical breadth indicator, especially in an intraday basis. What it really try to measure is the TRADING FLOW - whether the average down volume is more dominant, or is the other way around. So in an extremely bearish day (gap down, one-way street throughout the day), TRIN can shoot up to 3-4, and stay at an elevated level. On the other hand, if it can hover below 0.5 in a big rally day. In a typical day when S&P 500 index can exhibit uneventful intraday reversal, TRIN would most likely hover around 0.8 to 1.25 range. More to come...
