I know there’s a bottom for SPY somewhere down here, just not exactly sure where! Using this strategy I’ll give myself a little room should we need to fall further, but the moment stocks snap back it’ll make you a believer of the short vol trade.
It’s hard to say what impact tonight’s headlines will have on the market, but there’s a very important level in /ES we need to carry into Friday. Once we see how the week closes then we’ll begin mapping out the witching expiration.
Are you trading with the consensus or taking advantage of market (over)reactions? Knowing the top and bottom of the range makes the difference. Here’s how to put it to work right away.
The yen nailed it (again) and kept our shorts steady all session long. Now what? Is there a buy and where? In Dow, NASDAQ, gold, and bonds. Also what is next for our Natural Gas short?
Stock indexes are short term oversold and bonds are short term overbought; how’s that resolve? Usually with mean reversion, let’s review.
Indexes are short term oversold and a catalyst waits tomorrow. Will bulls be able to run the ball upfield, or will they be tripped up with the advantage? Let’s review.
Throughout the day, the yen had a singular message: Buy indices. And throughout a roller-coaster of a day with two longs and a short, it made sense to take each setup but position size larger on the long setups. Here’s how it looked and why.
Lots to wade through this week and most of it could trigger another short sell of the daily index charts for us again. In the meanwhile, we daytrade — stay nimble! — and focus on natural gas.
