The Bull Bear ratio on the SPY remains just above neutral, with price stubbornly below the long term Chaikin trend. Utilities, Healthcare and Staples now with Power Gauge ratios higher than the market, and high beta, cyclical sectors lower. We remain on the sidelines as far as bullish trend trades go until a breakout above the 1882 area on the S&P. We are taking Marc Chaikin's Bearish Stock of the Week as a speculative earnings trade (you get his newsletter as part of your Chaikin Analytics subscription, and that alone can pay for your subscription during earnings season) Free Trial. We are trading an out-of-the-money put calendar on LINKEDiN to make a directioal bet and to profit from the volatility skew that arises around earnings. Here's where we got filled today: BOT +5 CALENDAR LNKD 100 JUN 14/MAY2 14 140 PUT @2.85 CBOE
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June 2017
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