We are looking to start the Week by reviewing the $SPX chart and pick up from where we left on our last video and market update, on April 30, we sent out a report talking about next levels and targets that the $SPX can actually reach.. you can view this report here. As it stands right now we need the market to show us that it can actually holds 2705 area on $SPX and staying above 2690 for higher prices.
In the mean time we have placed our $SPX weekly Credit spread as part of the Trade of The Week series, which has been working really well playing it with the daily trend of the market.
To recap on our positions,
Major highlights stocks in this report:
Trending News:
In a speech, HHS Secretary Alex Azar highlighted this forthcoming action by the FDA as one way
2. SheepleAnalytics on Twitter (TWITTER.COM)
“$TSLA Fixed it”
3. Cyclacel Pharmaceuticals Reports First Quarter 2018 Financial Results (GLOBENEWSWIRE.COM)
Conference Call Scheduled May 14, 2018 at 4:30 p.m. EDT
4. CBS, Viacom had agreed on price for deal before lawsuit, sources say (CNBC.COM)
CBS and Viacom had reached a deal in price for a merger of the two, according sources familiar
5.CBS sues controlling Redstone family, in bid for independence (REUTERS.COM)
CBS Corp filed a lawsuit on Monday to reduce the voting power of controlling shareholder Nation
6.Tesla Bursts Into Flames After “Violent Crash” In Switzerland, Killing (ZEROHEDGE.COM)
A 48-year-old German motorist died when his Telsa Model S crashed into a highway guardrail near
7.Mark Zuckerberg, who turns 34 today, has earned an average of $6 milli (CNBC.COM)
He’s second only to the world’s richest man, Amazon CEO Jeff Bezos, when it comes to average ea
8.Bluebird widens hunt for TCR therapies in revised Medigene deal (BIOPHARMADIVE.COM)
Medigene could receive as much as $1.5 billion in milestones under the new pact, which ups the
9.JPMorgan: Buy AMD’s June $13 strike call option (SEEKINGALPHA.COM)
JPMorgan’s equity derivatives strategist recommends buying the Advanced Micro Devices (NA
- CGB3 Beck on Twitter (TWITTER.COM)
“$LLY to pay $$ to acquire their own compound.”
11.SPDR Series Trust SPDR… (XBI) Option Chain | Options by Expiration (MARKETCHAMELEON.COM)
View a comprehensive option chain for SPDR Series Trust SPDR S&P Biotech ETF (XBI) stock includ
12.Acacia, NXP Semi among movers on U.S.-China thaw (SEEKINGALPHA.COM)
Previously: Lifeline extended to sanctioned ZTE (May 14)Previously: China restarts Qualcomm-NXP
Seeking Options Team
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