Scott Burrill - Market Notes

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Scott's notes
Scott's Market Notes

No Shortage of Potential Catalysts

Oct 13, 2019

Markets are trading modestly higher in what remains a volatile, range-bound environment.

For the week, the SP500 Weekly Option Implied Move is slightly lower than last week at + / - 51 points or 15.6% implied volatility. This equates to a range of 3021.65 and 2918.89, respectively.

The Bias is currently up.

However, Intermediate Trends are mixed, but remain up in key indices and sector groups.

Catalysts are plentiful from Economic Releases, Fedspeak, Brexit, China's GDP, and news.

Additionally, Earnings Season kicks off this week with Financials.

Updated Levels.

Have a great week.

All the best,

Scott

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