Category: Morning Update

What the FED said today is exceedingly important, it’s clear they believe inflation is persistent and that likely 14 rate hike will be necessary not 7 which the market has been pricing in.  Inflation will drop when equities drop, it

VIX is very low for this season of earnings, with very few new positions added.  Yesterday I mentioned we had a large Open Interest at the 4450 and that has been moved to the 4500 with futher out expirations, since

On research regarding yesterday’s crazy SPX/SPY move I told you I was surprised, and in part because there were so few contracts above 4400 and 4500 that I didn’t think Dealers would need to hedge considerably (Resistance at 4500). However,

Good Morning Friends. The Fed and the EU Central Bank are talking a LOT this week.  So be careful how you trade.  Yesterday’s slight rally seems to encourage call selling but not many long puts or long calls.  So directionally

A big issue that will come out in earnings that will dictate a lot is: – are banks lending?– are companies able to cope with credit rates?  This earnings will be the stress test.  Also pay very close attention who

Micro Data: So SPX contract numbers are boring.  With the short week and early expiration of OpEx, the number of contracts on SPX are not giving us a lot of feedback, except that there are very few hedges between us