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Liquidity (Market Depth) is abysmal. I think we’re probably trading less than half the contracts we would normally be trading in the on-cash settled indexes and relevant ETFs. This is why we’re getting these huge swings from Support to Resistance
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I’ll put out a longer update later, but remember this week on May 4th Ka-Powell has a press conference, and on the 5th we have Jobless claims and non-farm productivity comes out, and Friday the 6th NY Fed, ATL Fed,
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Good Morning Friends. Inflation numbers are still accelerating to the upside. Everything is down in the premarket but we should still see a gamma bounce later today. Remember as I pointed out yesterday we have very few contracts on
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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
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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
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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,
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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
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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
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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
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APRIL 1 2022 / SUZANNE NOUKAHOUA For the first time, EVER, the World Cup will be in the Middle East and it will be over Winter!And though it might seem irrelevant to traders, and those who are huddled around watching
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