Markets - ES, NQ, TLT, XLE, XLF, VIX - WTF over?
While crypto is hot on my brain these days, I do still trade the markets. Doing more futures now but still looking to scalp, swing or spread whatever.
Looking into my crystal ball I see trouble brewing lmao. Crystal balls are for shmucks, TA is where its at. Clearer than a crystal ball, markets are trending down. I know it’s crazy, right? Markets trending down, how does that happen? But if this is daily/weekly lower high there could indeed be trouble brewing for bulls.
I was listening to a pod cast the other day talking about the ‘rally’ and how it wasn’t unexpected given the geopolitical situation and that the US markets are the bastion of commerce and thus the safest market to put money in, so lots of Europeans buying in. However, the story goes, that’s only temporary as continuing pressures from higher interest rates, inflation, trade & logistic issues, blah, blah, blah, but basically we are to see more selling pressure. Does make sense but the market will do whatever she is going to do.
ES - Bottom line the 4300 is a very important level if the 4500 doesn’t hold. 4100 is the line in the sand imho. However I wouldn’t be surprised for it to hold the 100dma and surge up to test ATHs. The options on SPX for the coming week has an expected move of only about 88 handles. Interesting since it moved that much on Thursday.
Q's are highly correlated but a bit different with them under their 100 and 200dma. Don’t play the Q's much but worth noting.
Energy seems less affected but it is influenced by oil so I expect that to stay whippy. The financials should be rising with interest rates, right? Well they also hold bonds which are in a serious slide. So the financials may very well be a key this week. Also keep an eye on the foreign markets as an indicator for how we open Monday.
Not lots of volume but I’m expecting volatility to start climbing back up and things to get squirrely. That said, could be a ‘wait and see’ situation where the market chops around current levels. Plenty of opportunities for scalping ranges.
I will likely be scalping ES and not really paying attention to individual names. I only have a few spreads and selling some premium but otherwise not really interested in taking a directional play. If anything, I’m a bit bearish for next week but never let that keep you from making your trade. Buckle up boyz and girlz, could be a wild week, but it could be a snoozer as well.
If you really want to learn how to trade using options, you should visit my friends over at Opinicus They are a top-notch bunch of traders.
BTW, crypto seems to be diverging, but we shall see. Its still very much a rodeo over there LMFAO
Peace
Looking into my crystal ball I see trouble brewing lmao. Crystal balls are for shmucks, TA is where its at. Clearer than a crystal ball, markets are trending down. I know it’s crazy, right? Markets trending down, how does that happen? But if this is daily/weekly lower high there could indeed be trouble brewing for bulls.
I was listening to a pod cast the other day talking about the ‘rally’ and how it wasn’t unexpected given the geopolitical situation and that the US markets are the bastion of commerce and thus the safest market to put money in, so lots of Europeans buying in. However, the story goes, that’s only temporary as continuing pressures from higher interest rates, inflation, trade & logistic issues, blah, blah, blah, but basically we are to see more selling pressure. Does make sense but the market will do whatever she is going to do.
ES - Bottom line the 4300 is a very important level if the 4500 doesn’t hold. 4100 is the line in the sand imho. However I wouldn’t be surprised for it to hold the 100dma and surge up to test ATHs. The options on SPX for the coming week has an expected move of only about 88 handles. Interesting since it moved that much on Thursday.
Q's are highly correlated but a bit different with them under their 100 and 200dma. Don’t play the Q's much but worth noting.
Energy seems less affected but it is influenced by oil so I expect that to stay whippy. The financials should be rising with interest rates, right? Well they also hold bonds which are in a serious slide. So the financials may very well be a key this week. Also keep an eye on the foreign markets as an indicator for how we open Monday.
Not lots of volume but I’m expecting volatility to start climbing back up and things to get squirrely. That said, could be a ‘wait and see’ situation where the market chops around current levels. Plenty of opportunities for scalping ranges.
I will likely be scalping ES and not really paying attention to individual names. I only have a few spreads and selling some premium but otherwise not really interested in taking a directional play. If anything, I’m a bit bearish for next week but never let that keep you from making your trade. Buckle up boyz and girlz, could be a wild week, but it could be a snoozer as well.
If you really want to learn how to trade using options, you should visit my friends over at Opinicus They are a top-notch bunch of traders.
BTW, crypto seems to be diverging, but we shall see. Its still very much a rodeo over there LMFAO
Peace