Markets are flat following yesterday’s 1.5% move higher engineered by a stunning 12% VIX smackdown off Wednesday’s highs.
continued for members… (more…)
Month: August 2022
-
Charts I’m Watching: Aug 3, 2022
The VIX nonsense continues, ramping futures back above the SMA100 with the help of Jim Bullard, Fed president and occasional CNBC host, who insists there is no recession – just like he insisted inflation wouldn’t be a problem.
Whether there is or not, the market will never reflect one as long as this kind of nonsense goes on.
continued for members… (more…) -
Two More Backtests to Watch
Futures are off modestly this morning as the 10Y approaches our next downside target: a backtest of both its decades old falling price channel and the rising channel from its 2020 lows.
continued for members… (more…) -
Charts I’m Watching: Aug 1, 2022
Futures are off moderately following an algo-driven meltup in July that shook the bears and reset sentiment.
continued for members… (more…)
