In today’s briefing:
- Investigating the Use of SSF Listing Events as Fresh Flow Trading Opportunities in Korea
- EQD | The S&P500 WEEKLY Rally Is At A Crucial Fork: Higher or Lower?
Investigating the Use of SSF Listing Events as Fresh Flow Trading Opportunities in Korea
- The spot prices of the newly listed SSFs generally exhibited a notable upward trend. This trend was consistently more pronounced in KOSDAQ-listed stocks compared to KOSPI-listed ones.
- Various factors, including actions by ETF operators, may contribute. Their SSF purchases could deepen contango, leading to temporary spot price increases through arb spread seekers anticipating this development.
- We should focus on a potentially consistent price pattern persisting before a sufficient learning effect accumulates. The tight schedule after July increases the likelihood of similar opportunities next March.
EQD | The S&P500 WEEKLY Rally Is At A Crucial Fork: Higher or Lower?
- The S&P 500 INDEX has been closing up for 9 consecutive weeks (CC=+9). In theory it could go higher for another 3 weeks, but it is ultra-OVERBOUGHT.
- The market has moved past the Tails resistance limit at 4747 this last week, rallying more than +15% from the bottom on October 26th.
- A SHORT trade may not be effective but being prepared for a pullback is a good idea, maybe just to add positions at better prices (assuming the rally will continue).
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