Observation for last week (02 -05 Jan 2018)

  • Unexpected strong move (around 60points) in SPX
  • VIX did not move down in the last 2 days of the week despite the strong rally in SPX
  • Released of strong Economic data (ISM manufacturing and ADP)
  • Employment report of 148,000

Observation for Coming Week (08 -12 Jan 2018)

  • Earning season starts this week
  • Not expecting of another strong week  of 60 points
  • Long calls should still continue for the 1st half of this week.
  • Be aware of a sudden decline that may hit the market for a drop till 2680-2700 level
  • Long positions should have stop loss at 2700 level