Category Archives: Hot Stocks

Monthly Lows in Focus on Yield Inversion Risk/ Profit Alert (T)

Monthly Lows in Focus on Yield Inversion Risk/ Profit Alert (T) 8:00am (EST) The market reversed course on Wednesday after giving back the prior session gains as another sharp drop in yields sent investors back to the sidelines. Specifically, the 2-year and 10-year spread inverted for the first time since 2007 with inversions traditionally seen […]

Russell 3000 Index ($RUA) Update 5/18/19

The Russell 3000 Index ($RUA) had its 3-session winning streak snapped following the pullback to 1,682 into the closing bell. Upper support at 1,680-1,665 held on the close back below the 50-day moving average. A move below the latter opens up risk towards 1,650-1,635 and the 200-day moving average. Resistance is at 1,690-1,705 with last […]

Financial Select Sector Spiders (XLF) Holding 50-Day MA

The Financial Select Sector Spiders (XLF) are trying to build a base of support above the 50-day moving average with Friday’s low tapping $26.75. A close below this level could lead to another backtest towards $26.50-$26.25 and the 200-day moving average. Near-term and current resistance is at $27-$27.25. Continued closes above the $27.50 level would […]

VIX Update 5-18-19

The S&P 500 Volatility Index ($VIX) traded to a morning peak of 16.81 with resistance at 16.50-17 getting split and the 200-day moving average holding. A close back above the 17.50 level would be another warning signal for the market with risk towards 20-20.50. Support remains at 15-14.50 with a close below the latter and […]

5 Key Indicators for Landing Top Profits

5 Key Indicators for Landing Top Profits At Next Options, we make stock and options recommendations based on what the charts are telling us — not the talking heads and suit-and-ties on financial TV networks. We spend tons of hours every week analyzing stock charts, support and resistance levels, moving averages and numerous other technical […]