JHQTX and OPEX Window of Weakness 1. Vanna and Charm Flows gain strength 2. VIX Print for the month 3. Window of Weakness Options and Vol are entering in a very fragile time when flows can be at their technical weakest. When social media start speaking about goldilocks (economy goes not to hot, not to cold). That could be this months OPEX (Options Expiry). A...
It seems VANNA/CHARM are back from vacation! Hedges are likely piling in as Jackson Hole approaches. Lots of reflexive moves this week while the markets are standing on eggshells waiting for Powell. You know the routine! I doubt any direction will come until CPI on Sept 13. Until then. Chop Chop, Maybe a little Drop.
Do you hear nothing that I say. But moving a single stock around is one thing, moving the entire market is totally different. No, No Different, Only in your mind. You Must Un-Learn what you have learned. Alright, I'll give it a try No, Try Not. Do, Or Do Not. There is no Try I Can't. The Market is too Big. Size Matters Not. Judge me by my size do...
Big fan of FinTwit and 15 minute VIX. Falling Wedge Reversal Pattern StrizziJ Calls out the top this morning on Tue 15min. Cem Karsan (Jam Croissant) explains in a tweet in January that these are Vanna Flows. Vol down every day means buying indices overnight. Vol up means selling overnight. Vanna/Charm flows are hedged by banks & naive primary dealers on...
There was not much movement in s&p this week as I anticipated it was a very tight accumulation. The reason I drew the blue accumulation lines was based on Cem Karsan (Croissant) support/resistance levels from the previous week. This chart I tried to put Croissant levels onto a SPY chart. The weekly / daily levels are scary accurate as you can see the...
Gains? This time it better have bottomed out and now it goes marchin on! We're marching on! right up and up!