The S&P 500 narrowly missed the mark of ushering in a new bull market on Friday. From its bottom 233 days ago on October 12, 2022, the S&P 500 has surged by 19.7%. It's just 11-points or 0.25% away from a new bull market. If the S&P closes 11-points above its present price in the forthcoming days or weeks, it will mark the end of the bear market that started on January 3, 2022, which was the first trading day of that year. The bear market would then have persisted for 282 days, with a dip of 25.4%. This dip is less severe than the usual average bear market plunge of 35.1%, yet its duration of 282 days is almost identical to the usual bear market duration average of 286 days. Bull markets typically last longer than bear markets. Over the course of the 26 previous bull markets since 1927, the average duration for the S&P has been 1,011 days, while the median has been 522 days. In terms of gains, the average bull market has seen an impressive +114.4% increase, with the median at a significant +76.7%. This week we are going with a neutral double diagonal on Apple (AAPL) and a bull call spread on IQVIA Holdings (IQV). Read More

Two more rolls and one closeout. Have a great weekend! Read More

First four out of six rolls. We also have Celsius Holdings (CELH) expiring for a small profit, and we'll closeout a triple digit winner on American Express (AXP). Read More

Last week, U.S. equities presented a mixed picture, with the S&P 500 (SPY) and Nasdaq 100 (QQQ) advancing, while the Dow 30 (DIA) and Russell 2000 (IWM) registered declines. Despite this, the Nasdaq 100 remained notable, securing a position among the top-performing ETFs of the week and YTD, boasting gains of 3.50% and 31.00% respectively. Value lagged behind growth, as sectors like Technology, Communication Services, and Consumer Discretionary saw an uptick, while all others fell by at least 1%. This week we are going with a neutral double diagonal on The Goldman Sachs Group (GS) and a bull call spread on S&P Global (SPGI) Read More

One roll before the long weekend. We hope everyone has a safe and restful few days and we'll see you back on Tuesday. Read More

The divergence in sector performance, noticeable throughout the year, has become even more pronounced in May. Tech sector (XLK) and Nasdaq 100 (QQQ) have reached 52-week highs, whereas sectors like Energy (XLE), Real Estate (XLRE), Materials (XLB), and Utilities (XLU) are declining. Tech's significant influence, due to its large weighting, has propelled the overall S&P 500 (SPY) upwards this month. However, the Dow 30 (DIA), not cap-weighted, fell 1.5% MTD and showed less than 2% increase annually, a sharp contrast to QQQ's remarkable 26%+ rise in 2023. This week we are going with a neutral double diagonal on JPMorgan Chase (JPM) and a bull call spread on Cintas (CTAS). Read More

Five more rolls to finish off the day. Have a great weekend! Read More

Six more rolls, with one more set coming shortly. Read More

Reported closeout fills on Salesforce (CRM) double diagonal have been verified. Therefore, we are closing the trade. Read More

Five rolls to begin May expiration, the remaining rolls will be published tomorrow. Read More