Divergences – Market Analysis and Option Trading, October 22nd

capstone Divergences Market Analysis and Option Trading, October 22ndAfter a very mild pullback earlier in the week, the $SPY finished solidly higher above its range, followed closely by the $IWM while the $QQQ lagged.

Short term price action dictates that buyers are in control, and yet it seems as though many obstacles remain before clear uptrend can be established.

In this Episode of IWO Brunch, we discuss:

  • why the $QQQ was divergent from other market indexes
  • why the $VIX was divergent, and how it differs from analyzing equity indexes
  • the trading strategy focusing on snapback rallies in $XLF, $KRE, $XHB and $XLB
  • your individual requests
You can watch the video below:


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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