Sunday, June 19, 2016

Stock Market Catalysts For Downside This Week

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*Does anybody not know what's taking place this week?
*Brexit and stress tests both have major implications for the financial infrastructure and its web of transactions.
*We can't know the extent of the risk.
*We continue to think the VIX is in complacencyville.
*We're short S&P 500.

(Picture: Bulls, this milkshake (picture) is on us. You may need to cool off after reading about the risks we see ahead this hot summer week. If you are a bear, sorry, no free milkshakes.)
We've started putting out our best guess for weekly performance of the S&P 500 ETF (NYSEARCA:SPY) on SA. We want you to track it. This will be the 6th installment. You can click the links to see our SA reports that came out over each weekend. We do not include the difference between Friday's close and Monday's open in the performance because there generally is no easy way to react to our calls over the weekend.
These weekly calls bias our trading immensely. As many of you know we are bearish medium term but when we feel that the week can be in that direction it adds to our conviction.

WeeklyOpenCloseWeekTotal
Mon, June 20, 2016SPYDown
Mon, June 13, 2016SPYDown209.36206.521.4%3.8%
Mon, June 06, 2016SPYDown210.7210.070.3%2.5%
Tues, May 31, 2016SPYDown210.56210.280.1%2.2%
Mon, May 23, 2016SPYUp205.51210.242.3%2.0%
Mon, May 16, 2016SPYDown204.96205.49-0.3%-0.3%

Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principle especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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