By Lawrence G. McMillan
The feature article deals with two indicators that we have occasionally referenced. They are long- to intermediate-term indicators and both are either on a sell signal or on the verge of one. The studies involving these indicators were much more complicated than normal systems because of the longer-term nature of the holding period. A recommendation to buy SPY options is included on page 4.
There is a conditional XIV trade on page 6.
Our short-term market opinion is on page 6, and it is the same as it has been for a while: we will remain bullish as long as $SPX continues to close above 1690. The contingent SPY trade is repeated on page 6.
A naked put sale in JC Penney (JCP) is included on page 8.
On page 9, there is an earnings-based diagonal spread recommendation in Interoil (IOC). Plus there are three put-call ratio trades: Mosaic (MOS) , Amazon (AMZN), and FXY (the Yen ETF).
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