S&P 500 Short Call @$4,211
Updated
The opportunity at the present time is to take very measured, very controlled shots to the downside right now.
AAPL will get hit this next move. AAPL is down -9% YTD. They've taken out all the generals except Apple . And Apple's in everything.
It has been a blistering rally with one-sided trade in the S&P's. There are some phenomenon opportunities opening up in the broader marketplace.
It feels like a new bull market right now. Was that a bottom? I don't think so.
Gravity Point on deck at $4,211; a pivotal level with huge open-interest.
The upper edge of this week's expected move also coincides with $4,211. #Confluence
Declining volume
Unemployment is still relatively low. Employment situation comes out this Friday.
If unemployment remains low, the Fed is going to be significantly more aggressive with rate hikes to curb inflation .
The stronger the economy gets, the heavier the hand from the Fed. Don't fight the Fed.
Inflation data will remain sticky.
Fed 75 bpt hike next month.
Jobs data is likely to worsen next. And if it doesn't... more reason for the Fed to hike.
Shallow recession in the U.S.
Europe will run out of energy this winter.
The Euro is approaching free-fall, fueling inflation in Europe.
This will further interrupt supply chains causing a new supply chain shock.
They will eventually turn back to coal.
Globalization is over, and inflation has increased meaningfully as a result.
We're in a bear market, you need to be defensive.
How can you be defensive when bonds aren't working?
Close short @ $3,931, where we were only 3 weeks ago.
AAPL will get hit this next move. AAPL is down -9% YTD. They've taken out all the generals except Apple . And Apple's in everything.
It has been a blistering rally with one-sided trade in the S&P's. There are some phenomenon opportunities opening up in the broader marketplace.
It feels like a new bull market right now. Was that a bottom? I don't think so.
Gravity Point on deck at $4,211; a pivotal level with huge open-interest.
The upper edge of this week's expected move also coincides with $4,211. #Confluence
Declining volume
Unemployment is still relatively low. Employment situation comes out this Friday.
If unemployment remains low, the Fed is going to be significantly more aggressive with rate hikes to curb inflation .
The stronger the economy gets, the heavier the hand from the Fed. Don't fight the Fed.
Inflation data will remain sticky.
Fed 75 bpt hike next month.
Jobs data is likely to worsen next. And if it doesn't... more reason for the Fed to hike.
Shallow recession in the U.S.
Europe will run out of energy this winter.
The Euro is approaching free-fall, fueling inflation in Europe.
This will further interrupt supply chains causing a new supply chain shock.
They will eventually turn back to coal.
Globalization is over, and inflation has increased meaningfully as a result.
We're in a bear market, you need to be defensive.
How can you be defensive when bonds aren't working?
Close short @ $3,931, where we were only 3 weeks ago.
Note
Closed Short position @$3,931
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