The Week Ahead

The Week Ahead

It's a very quiet week ahead with Christmas holiday closing markets Wednesday and for some Thursday There are a couple of notable economic data releases to keep an eye on Sentiment with equity markets is back to extremes A large gamma roll off with Friday's options...
Road Kill

Road Kill

This action fits the personality of the fifth and final up wave A year ago the downside action fit the personality of the fifth wave down Sentiment is the opposite of last year  The Smart Money Flow Index could start to turn lower soon and that's bearish The 2/10...
First Call December 20, 2019

First Call December 20, 2019

S&P futures up 0.1% in Friday morning trading. US equities still on track for another week of good gains with the index up the fourth-straight week and 10 of past 11 weeks. Treasuries weaker across the curve. Dollar little changed vs yen, firmer vs euro. Gold down...
The Walking Dead Market

The Walking Dead Market

This is a rather long report today - maybe it is a rant There isn't much new on the charts in the US markets VIX positioning is getting less short Zombie markets, central banks, politicians, sectors, stocks I like Bitcoin long and have a new Tesla option trade that...
First Call December 19, 2019

First Call December 19, 2019

S&P futures down 0.1% in Thursday morning trading. Treasuries are slightly weaker. Europe and Asia mostly down Dollar a slight laggard vs yen and euro. Gold little changed. WTI crude off 0.2%. To access this post, you must purchase Small Institutions, Retail or...