I will reiterate again, as I have in my past posts, notably: Nasdaq NQ - A Fundamental and Technical Warning Signal That if you are bullish on US equities into the future and want to see a healthy economy into '24 and '25, you DO NOT want to see a new all time high to be set yet. Instead, you want a correction. A major correction is just that: a...
Short Trade set up following increased volatility during stock market correction. Expect further volatility surrounding the FOMC meeting tomorrow @ 2:00 EST HUV.TO - BetaPro S&P 500 VIX ShortTerm Futures ETF Entry - 10.85 Exit Target - 9.00 - 8.55 These are my entry and exit points, view the chart and come up with your own conclusion. The information...
Good morning, folks! Well, well, well, the Fed decides to taper this year, and all of a sudden all hell breaks loose in global markets. If you're thinking this entire "recovery" was just one big magic trick of coordinated monetary debasement, you're absolutely right, and the market's reaction to the Fed minutes yesterday (and today) is a perfect demonstration of...
Global Futures are trading broadly in the red on Tuesday after drifting sideways for most of Monday. Having said that, we're still at ATH's, and looking like a freight train without breaks. As of 9:00AM the Dow was down -0.25% to 35,055, the S&P was down -0.14% to 4,416, the Russell was down -0.66% to 2,202, and the Nasdaq was up 0.06% to 15,134. Despite the...
As the majors drift sideways on Wednesday afternoon, after a bullish morning, Vix is at the LOD (18.16). When you look at Vix from the weekly timeframe, the trend is quite pronounced, and we're at solid multi-year support. It looks like things are going to get very wild, very soon, and from a macro perspective that makes perfect sense. I'm well positioned for...
Here we go, folks! After an ugly opex on Friday which saw 30% of SPY, QQQ, IWM, and SPX options expire, leading to heavy selling across the board, futures are extending losses on Monday morning. As of 9AM, the S&P is down -1.21% to 4,266.12, the Dow is down -1.44% to 34,067, the Nasdaq is down -0.95% to 14,532, and the Russell is down -2.22% to 2,113. European...
Global futures are experiencing some weakness this morning after yesterday's rollercoaster ride saw us rise persistently in the morning session, only to be hammered from noon until around 2PM, to then be panic bid into the close once again. The Dow is trading down -0.51% to 34,412, the S&P is down -0.62% to 4,180.38, the Nasdaq is down -0.88% to 13,553, and the...
Vix back at a 30 handle and looking poised to revisit the recent high of 37. While CTA's potentially cover their shorts after the bond market convexity quake, retail seems to be taking profits, and remain spooked. Lot's of weakness across global markets today. Join us now as we discuss every move on the indexes with our live analysis.
Hey guys, sorry I missed you yesterday, I had a busy day of meetings and was away from my desk. Let's get right into it this morning. US Futures are struggling to hold on to the (weak) overnight gains, which saw the majors bounce between quarter and half a percentage point as of 8:30AM. We saw jobless claims come in hot at 779k claims, but better than the 825k...
Global futures are tanking again on Friday morning, with the US majors down around 0.8% pre-market. We're seeing a sea of red across Europe and Asia as well, with the DAX, CAC40, FTSE100, and Hang Seng all down around 1.5%. Vix is catching a strong bid this morning, and is back at a 33 handle and up around 12% pre-market. The short squeeze bonanza continues this...
We're consistently making higher lows, and I suspect this time is no different. Maybe it's just me, but Vix looks incredibly cheap, considering the fact that half of America's GDP has just been replaced with a printer. We're going to run into the long-term descending (green dotted) trendline soon, and Vix will explode. The current policy path is not sustainable,...
Risk protection is looking incredibly cheap right now. We're making higher lows, though, and looking ripe for another spike. Let's see how the week progresses, but I suspect once we cross the upper green dotted line, we're going to see a notable correction on the Majors, and Vix back in the mid 30's. If we see continued downward pressure on markets as February...
As Sven Henrich says, Vix 46!
This is just a thing of beauty. We called this one over a week ago, and I just want to say congrats to all the bears who traded this one smart. Well done on this trade! The information and analysis shared in this post is not financial advice. Always conduct your own analysis and research.