WELCOME TO MY FIRST POST ON BMAC. I HOPE YOU ENJOY
LAST WEEK THURSDAY DURING AFTER HOURS SPY, BRIEFLY CROSSED, ALL-TIME HIGHS AND ENDED UP REJECTING AND CLOSING THE WEEK RED. SPY IS NOW BACK INTO THE RANGE THAT WE HAVE BEEN STUCK IN FOR THE PAST TWO TRADING WEEKS.
ECONOMIC INDICATORS & OTHER EVENTS
A NFP AND UNEMPLOYMENT DATA ON TUESDAY
VIX MONTHLY OPTIONS EXPIRE WEDNESDAY
CPI DATA ON THURSDAY
EQUITY / INDEX QUARTERLY OPTIONS EXPIRE FRIDAY
SPY THIS WEEK
LOOKING FOR A BREAK OF 689.25 FOR A LONG, TARGETING 689.70 /690.87/ 691.19
LOOKING FOR A BREAK OF 679.17 FOR A SHORT, TARGETING 678.74 / 676.72 / 664.48
SPX THIS WEEK
LOOKING FOR A BREAK OF 6903.46 FOR A LONG, TARGETING 6910.95 / 6920.34
LOOKING FOR A BREAK OF 6801.79 FOR A SHORT TARGETING 6799.94 / 6783.87 /6697.03 / 6659.98
SPY WEEKLY SECTOR ROTATION
XLV LEADING
LOOKING FOR A BREAK OF 154.56 FOR A LONG TARGETING, 155.03 / 155.78 / 157.86 / 158.95 / 159.64
LOOKING FOR A BREAK OF 153.41 FOR A SHORT TARGETING 152.76 / 152.26 / 150.38 / 149.85 / 145.72
HEALTHCARE EQUITY ROTATION
CAH
LOOKING FOR A BREAK OVER 202.22 FOR A LONG TARGETING 206.70 / 208.97 / 213.54
LOOKING FOR BREAK UNDER 197.36 FOR A SHORT TARGETING 194.81 / 189.70 / 188.15 / 181.44
MRK
LOOKING FOR A BREAK OVER 100.66 TARGETING 102.09 / 102.60 / 103.09 / 105.68 / 109.08
LOOKING FOR A BREAK UNDER 96.05 TARGETING 95.36 / 93.90 / 92.11 / 90.90 / 87.26 / 85.80
CNC
LOOKING FOR A BREAK OVER 41.74 TARGETING 53.83 / 57.46 / 57.98 / 62.21
LOOKING FOR A BREAK UNDER 37.25 TARGETING 34.3 9 / 33.61 / 32.87 / 31.65 / 28.24
BMY
LOOKING FOR A BREAK OVER 52.99 TARGETING 55.77 / 61.64 / 63.33
LOOKING FOR A BREAK UNDER 50.33 TARGETING 48.22 / 47.58 / 45.27 / 42.52
