XLI has been a critical component of market strength and this weakness is worth noting. XLF has been moving up with XLI and is also in a precarious situation. This week SPY fell from the Upper Cycle to the middle, and today probably to the lower. Specter/FF5s goes long mechanically if x00 appears Monday afternoon.… Continue reading 6/18/21 Probable xLH, XLF and XLI
Day: June 18, 2021
6/18/21 Quadruple Witching and Ex-Div
I was so excited by the Fed meeting, I didn't realize today was quad witching and the Ex-div situation is murkier than usual. Spy is Ex 6/19 (tomorrow), otherwise 6/22 is popular, IWM happened already. Brokers don't do a good job of adjusting prices. IT guys don't like to do it because it is a… Continue reading 6/18/21 Quadruple Witching and Ex-Div