Weekly Charts Updated

Each week we highlight charts below of the SP500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and LQD. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name/sector/asset class.

U.S. Equity indexes are mixed now. The S&P 500 is at 0 with the NASDAQ Composite back above that level. Remember what matters is the slope of the 50 day moving average not the 50 day moving average itself.

All charts are created from www.erlangerchartroom.com and if interested in using this indicator in Chart Room please feel free to send us an email by using the Contact Us section from the home page.

MM 50Day ROCAdj Image 1 SPX

An Early Look At Today’s Action

In After Hours Trading

IPOs on deck this week include Shell Midstream Partners LP and Sientra. Secondaries on deck of note for Tuesday AHRO CUDA RGLS SHO UBA VNDA .

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): X+.98, AMP+.28, AFG+.24, EA+.20, EIX+.18, AFL+.13, DNB+.13, CINF+.13, WYNN+.10, BXP+.09, WDC+.07, SWI+.07, AZPN+.07, MCK+.06, VRTX+.06, FEIC+.06, CHRW+.05, KIM+.04, TRN+.04, TSS+.04, TQNT+.04, MAR+.03, CBT+.03, FB+.03, FISV+.02, SKT+.02, EQR+.02, KRC+.02, SM-.02, HIW-.02, CNL-.02, WSH-.03, PNRA-.04, GILD-.06, VRSK-.06, APC-.10, AJG-.10.

IPO Financial provides our capital raise data.

What’s Happening This Morning

US futures: S&P -2.50, Dow Jones +1 and NDX -9 with fair values lower lessening the weakness. Asia and Europe higher. Copper, silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs. Pound and lower vs. Yen. US 10 year Treasury yield -1. Prices as of 7:40 a.m.

Earnings Expected

Earnings due after the close (by market cap descending): V, BIDU, MET, SU, WMB, KRFT, ALL, WPZ, ABX, LNC, ACMP, RRC, HBI, CBG, EQIX, AKAM, MUR, ESV, FFIV, UNM, FNF, FMC, RJF, ACGL, NCLH, OII, WLL, PPC, FBHS, EXR, KEX, DRE, AEM, CAR, FLEX, QGEN, MEOH, NE, MAA, AXS, NEU, AUY, CSGP, AIZ, SCI, TFSL, BMR, STR, ARRS, SSNC, SPN, VR, PRXL, CW, TEX, TGI, CBL, RFMD, ACHC, ATML.

Due Thursday morning (by market cap descending): RDS.A, NVO, MO, MA, COP, EPD, TEVA, TWC, AMT, NOV, TRI, JCI, APD, CME, CAH, MPC, CI, K, PEG, GG, ABC, HST, IVZ, XEL, MOS, FIS, NI, BWA, BG, MGM, O, LLL, INCY, BLL, TCK, APO, CTRX, LKQ, SCG, OAK, Q, ALU, IRM, HAR, VNTV, ODFL, ITC, INGR, MD, LECO, MSCI, PBI, AVP, ALLE, MPLX, RGLD, GEL, LPLA, ATK, CVI, PCRX, CVRR, DST, UPL, GNC, WST, STRZA, KMT, IDA, FIG.

Rags & Mags: Inside Wall Street

USA Today: Iaqi Kurdish peshmerga troops are on way to Syriato help Syrian Kurds fight ISIS. Wall Street eyes Fed next move post QE3. How Facebook (FB) blew a great quarter. Is Facebook a buy here?

The End of QE3

Today the Federal Reserve will conclude its latest meeting today and in all likelihood end QE3. The $64,000 question is how will the markets react to this action.

QE3

Options Activity

Index ETF Options Volume

 We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers. EFA saw excess put action and heavy volume. No names saw unusual call action.

 [Image 1]

The rows in the options matrix are as follows:

  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volume

Portfolio Update

The S&P 500 has risen since our last update. The Nasdaq Composite rose as well. The portfolio is now 75% invested long, 0% short and 25% in cash, net long 75%. We are now at a value of 854.87% from 826.06% last Tuesday. We added a new buy this past week that could be a nice 25-50% gainer over the next year.

It appears for the time being that 2000 on the S&P 500 has become resistance and 1950 is back as support up from 1900.

We have added the price target from the Alpha Intelligence Stock Scorecard into the weekly update. All stocks are below their price targets thanks to the pullback except one.

Remember these returns are total returns with the average change for all winners and losers is 7.70% per idea. Our batting average of closed winners and losers is 70%. The portfolio is up 854.87% and from inception when it began at 0% in April of 2008. We began 2013 at a value of 478.60% so we had a very nice gain for 2013 ending at 732.40%. So far this year we are up 122.47 points or 16.73%. The performance on the Uncommon Wisdom Daily Portfolio Tracker is a bit higher due to dividends which they add in. We have never added in dividends so our weekly results are understated since 2008.

Options Activity

Index ETF Options Volume

We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers. SPY saw excess put action and heavy volume. No names saw unusual call action.

  [Image 1]

The rows in the options matrix are as follows:

  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volume

Options Activity

Index ETF Options Volume

We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers. No names saw excess put action and heavy volume. No names saw unusual call action.

 [Image 1]

The rows in the options matrix are as follows:

  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volume

The Week Ahead

1.Geopolitical and Fiscal Events. Wednesday sees the Federal Reserve Open Market Committee (FOMC) announce its latest position on interest rates.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims include durable goods, consumer confidence, Q3 GDP, personal income, Chicago PMI and Michigan Sentiment.

3.Earnings Releases. Notable releases include (in order of day’s reporting with Tuesday first and Friday last MRK AMGN NVS FB V BIDU NVO MO XOM CVX among others companies as we continue Q3 earnings.

Weekly Charts Updated

Each week we highlight charts below of the SP500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and LQD. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name/sector/asset class.

The S&P 500 is negative now. Remember what matters is the slope of the 50 day moving average not the 50 day moving average itself. Stocks are still vulnerable.

All charts are created from www.erlangerchartroom.com and if interested in using this indicator in Chart Room please feel free to send us an email by using the Contact Us section from the home page.

MM 50Day ROCAdj Image 1 SPX

Options Activity

Index ETF Options Volume

We are going to highlight unusual options activity as well going forward. The third column from the left will highlight such outliers. SPY saw excess put action and heavy volume for a second day. No names saw unusual call action.

 [Image 1]

The rows in the options matrix are as follows:

  • Curr Vlm = Current Option Volume for today
  • OpVol20 = 20 day Option Volume average
  • % Delta (sorted descending) = Curr Vlm/ OpVol20 * 100
  • Sym = Symbol
  • 20 HV 100HV 252HV = 20 day, 100 Day and 252 Day Historical Volatility
  • Slope = The slope of the historic vol
  • Delta = Change in slope
  • cOptInt = Call Open Interest
  • pOptInt =Put Open Interest
  • cVolum = Call Volume
  • pVolum = Put Volume