Ready For It?
Seasonality starts today and extends into mid-March. Combined with extreme readings on the indexes, markets could see some more volatility than we have seen before.
Seasonality starts today and extends into mid-March. Combined with extreme readings on the indexes, markets could see some more volatility than we have seen before.
The OpEx brought its brand of volatility today and triggered some good pullbacks. However, between this and Wednesday’s FOMC Meeting Minutes, we want to stay bullish and take advantage of the “blue light specials” as we have all year.
In tonight’s update, let’s look at more of the same… Unbalanced Butterflies around high vol binary events. It’s one of my favorite setups and has really been helpful during this earnings season.
When I look for bearish setups, not only do I look for bear flags, but I also look at the action of the leaders.