domingo, 20 de marzo de 2016

Weelky Portfolio Analysis 20th March 2016

FOMC added more bull sentiment into the market and another consecutive positive week ending in green. I lost the count how many green weeks in a row we had, althogu we are on an extream overbought condition markets don´t pay attention to the indicators are keep going up. According to my charts we are near price action resistant at 2060/2080 ish. If 2080 is broken adjustment on my Call Spreads will be needed in order to not get on serious danger.

SPX went up 1.35% over the week entering in positive YTD 2016 at +0.28%. Russell 2000 is down -3.10% YTD and Bellini is down -4.18% after we get full premium from the PS 1745/55 SPX March expiration.

We closed 2 May SPX PS 1475/1500 at 0.35 adding some value to our 2016 YTD as well.

We entered a new July30th position Call Spread 2 SPX 2200/2250 at 2.5, now is 12 Deltas and 131 days left for Expiry.

We still hold 5 SPX April 1690/1700 at 99% of ending worthless and the June30th Call Spread 2 SPX 2175/2200 that at 13 Deltas need our attention this week case is is threaten, just 6% away from current levels.

VIX is at 14 low enough to see some support here and help SPX get some rest.

SPX is getting at resistance on the 2060/2080 area as it is on its way on one of the last stongests move up ever.


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