Not very much happening in terms of a continuation to the Santa Rally.
We did see BTC recover from its recent decline and the 3am BTD brought the futures positive.
VIX has been tame.
Not much up. Not much going down.
Slow grind to 4800 until DEC31.
Consolidation. Theta Grind.
It's a waiting game.
No clue what a fundamental shift would be that would cause a reversal here, but this has never been so extended. Ever.
AAPL relative to SPX is trading above 3.5 standard deviations on a weekly timeframe. I looked back through the history and it has never been so extended relative to the rest of the market, even during the height of it's bull runs. To me, this...
As you can see, we are seeing what is called pinning, which is when contracts with highest open interest, with their respective strikes, tend to cause a security to gravitate towards those levels near expiration, with contracts on friday not having to be exercised or assigned until monday at 5:30 PM, I see a lot of volatility coming our way. Nikkei down nearly 4%...
