The US Dollar Index (DXY) has gotten off to a rip-roaring start to 2024. Up more than 2% on the year, the greenback’s ascent comes after significant declines over the final handful of months in 2023. That is usually a headwind for equities, particularly shares of companies domiciled overseas. Not surprisingly, we’ve seen many foreign index funds suffer relative to...
AMEX:EFA double top is forming, at support now at the 50% fibonacci retracement, if it breaks you can see the next levels in the chart. Top 10 Holdings Nestle SA. 2.22% ASML Holding NV. 1.75% Novo Nordisk A/S Class B. 1.74% LVMH Moet Hennessy Louis Vuitton SE. 1.58% AstraZeneca PLC. 1.47% Roche Holding AG. 1.46% Novartis AG Registered Shares. 1.41% Shell PLC. 1.36%
AMEX:SPY TVC:DXY AMEX:EFA The opportunity presented by a falling dollar: These are simple Yearly Candles. The chart depicts how the falling dollar can provide outperformance in foreign equities vs domestic equities. The top chart is simply a chart of the dollar index. The middle chart is EFA vs SPY. The bottom chart is that of the EFA. Take notice as the...
... for a .15/contract debit. Comments: Filled for a .65/contract credit. (See Post Below). Closing out here for a .15/contract debit. .50 ($50) profit per contract.
... for a .23/contract debit. Comments: Opened these for .52/contract. (See Post Below). Closed here for a smidge greater than 50% max with 31 days to go. .29 ($29) profit per contract.
... for a .52/contract credit. Comments: Slowly building an EFA (ex. Canada/U.S.) position here on weakness. Targeting the <16 delta strike paying around 1% of the strike price in credit.
... for .65/contract. Comments: Deploying a little bit of buying power into EFA on weakness here. It has a high correlation with SPY (3-month of .88), but with a higher 30-day IV (29.02% versus SPY's 23.1%).
... for a .16/contract debit. Comments: In for a .66/contract credit. (See Post Below). Out for .16 here; .50 ($50) profit per contract on movement plus IV crush.
... for a .66/contract credit. Comments: High IVR/high IV at 114/35. Starting to build a position in EFA here while I wait for U.S. equities positions to come in. Targeting the <16 delta strike paying at least 1% of the strike price in credit. Unfortunately, the weeklies aren't that great from a liquidity standpoint, so will have to ladder out in the...
Relative Momentum of International Equities SPY - US Equities ACWI - Global Equities ACWX - Global Equities excluding US EEM - Emerging Market Equities EFA - Developed Market Equities
Since 3/23/20 when all three bottomed out, the SPX (green) has outperformed the Europe, Australia, Asia, and Far East ETF (blue, ticker symbol EFA), but both are lagging behind the Emerging Markets ETF (orange, ticker symbol EEM). The SPX has been leading most of the way, but last month the Emerging Markets became #1. Investors have banked on strong recovery...
May's monthly candle closed above April's high. If price returns to April's high, then I will begin purchasing call options at the 57.50 strike with a July 2 expiration.
... for a 3.33 credit. Notes: My last acquisitional setup. Current yield at 3.48%, which beats SPY's weak sauce 1.89% hands down. Fine with getting assigned, proceeding to cover, or just keeping the premium.
Looking for next leg in channel to fill gap and more news surrounding the COVID-19 Drug by Sanofi - With Pumper Trump having holdings here. I see this moving to target www.marketwatch.com
It shouldn't come as a massive shocker to anyone that the U.S. market has been and has gotten even more expensive. For an investor that is just starting out, it is enormously frustrating, since virtually everything is at the top of a very long term trajectory with the broad market yet again knocking at the door of all-time-highs. Here are a few acquisition ideas...
Horizontal channels are trendlines that connect variable pivot highs and lows to show the price contained between the upper line of resistance and lower line of support. A horizontal channel is also known as a price range or sideways trend.
EFA is an etf tracking MSCI EAFE. There is an 18 month Head & Shoulder pattern that has been broken already with a nice bullish candle
One way the last 11 years. IH&S PO a bit higher