Strikezone Knocks Crude Out of the Park
With the Fed bearing down on the markets today, the StrikeZone leaned on crude for support. Check out this video to see how Joe navigated the futures market in today’s turmoil.
With the Fed bearing down on the markets today, the StrikeZone leaned on crude for support. Check out this video to see how Joe navigated the futures market in today’s turmoil.
What was a “sigh of relief” rally in equities was in turn a pullback on the strong uptrend in crude oil. This was yet another test of the 13 EMA on the daily. What are the implications and what are the opportunities? There is a lot to like about this move.
Sure the indices and treasuries are gearing up for the 1/4 or 1/2 point rate hike from the FOMC but there is a parallel narrative, in fact it is the catalyst for the rate hikes: INFLATION. Commodities are an ideal way to trade this macroeconomic trend. In this update I will walk through crude oil, corn, beans, and more, as well as how to select the contract month for the trade.
Roblox is set to report earnings Tuesday after the close. As options traders we can participate in these events using risk-defined option spreads. Tonight we’re going to look at two of my favorites and how you can participate on either side of the trade.
Between Fed meetings and tensions overseas you don’t have to look far for a headline to pin market movement on. I’d like to bring you a few thoughts that aren’t in every tabloid and what I think may be driving stocks over the next several days.
With Fed’s Bullard commenting about the FOMC rate schedule and now the Russia/Ukraine situation, the market seems to be pricing some additional risk premium in preparation for one or both of those events.
While the SPX trades violently back and forth in a 200 point range, Energy, Softs & Ag commodity products are providing clearer opportunity with direction to boot. No bonus points for the harder trades.