VIX (FEB or MARCH) --> still indicating to go up
Trade for 12th Feb 2024 - 13th Feb 2024 (Mon and Tues)
With CPI data release on Tuesday, SPX is just slightly above the 5000 threshold (subject to how long it is able to hold) and SPX Monthly Option expiration on Friday. Model is very committed with a long vix signal which led an average lift of 50+ basis pt
Any "bad" CPI data point higher than expected could trigger a negative reaction to the market
Entry price reference: 13.35 and lower (for Feb Future) OR 14.7 and lower (for March Future)
UX1 Indicative range: Low - High 13.1 - 14 (for Feb Future) OR 14.4 - 15.2 (for March Future)
Stop loss: 13.1 for Feb OR 14.4 for March (use 30 mins post US Open)
Profit take: 14 for Feb, 15.2 for March (anytime thru out the day)
With CPI data release on Tuesday, SPX is just slightly above the 5000 threshold (subject to how long it is able to hold) and SPX Monthly Option expiration on Friday. Model is very committed with a long vix signal which led an average lift of 50+ basis pt
Any "bad" CPI data point higher than expected could trigger a negative reaction to the market
Entry price reference: 13.35 and lower (for Feb Future) OR 14.7 and lower (for March Future)
UX1 Indicative range: Low - High 13.1 - 14 (for Feb Future) OR 14.4 - 15.2 (for March Future)
Stop loss: 13.1 for Feb OR 14.4 for March (use 30 mins post US Open)
Profit take: 14 for Feb, 15.2 for March (anytime thru out the day)
Comment:
As CPI is hotter than expected, profit target is hit after data release
Feb - 55bps
Mar - 45bps
Feb - 55bps
Mar - 45bps
Entry price:
Feb future 13.35 was hit before US Open
Mar future 14.7 was also hit before US Open
Stop loss:
None get hit
Profit take:
Feb future 13.9 day high on Monday, not hit
Mar future 15.15 day high on Monday, not hit