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Our software product, Erlanger Chart Room, has just released a realtime version that runs on eSignal's data platform.

Philip B. Erlanger, CMT President

Has led the firm since 1994. Formed the firm after leaving Fidelity Mgt. & Research Co., Inc as their Senior Technical Analyst.

Andrew S. Erlanger Director of Computer Science Operations

Has been with the firm since 2001.

 

Erlanger Value Lines for 02/29/2024: 

Today started with some strength and then some selling followed by a rally back 2/3 of the way back up. The range of the Value Lines is not that wide so we expect to trade up to 508 or so on SPY into the close.
Overnight Summary: 
 The S&P 500 closed Wednesday lower by -0.17% at 5069.76 from Tuesday lower by -0.38% at 5069.53. The overnight high was hit at 5085.25 at 12:05 a.m. EST while the overnight low was hit at 5060 at 3:15 a.m. EST. The range overnight was 25 points as of 7:15 a.m. EST. The 10-day average of the overnight range is at 22.97 from 22.14.  The average for May-January average was 20.88 from 20.87 during May-December. Currently, the S&P 500 is higher by +7.92 at 12:45 p.m. and lower by -12.25 points at 7:15 a.m EST. 

Action in SPY Options Expiration:

  •  Four call strikes have traded more than 100,000 today led by the 508 Calls.
  • On the Put side, five put strikes have traded above 100,000 contracts, 507 is the most active put contract again.
  • Today's range is 507 to 508. Going forward, we will do a later update on quantpartners.substack.com around 1:00 p.m. EDT. 
 

 

Click here for a video explanation of Erlanger Value Lines.

Click here for an explanation of Erlanger Value Lines.

Click here for Erlanger Value Lines archives

 

Please note: As we realign Erlanger Chartroom to alternative live datafeeds, we provide a snapshot of the Erlanger Value Lines that are available on Bloomberg.

 

 

 

 

 

 


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