Pretty standard fare for an OPEX week…futures have ramped 1.6% higher on a bounce in USDJPY and CL and a trounce in VIX. continued for members… … continue reading →
Tag Archives: USDJPY
Futures have been all over the map this weekend following the breakdown of the small white flag pattern on Friday. But, the key factor is that VIX is higher and should experience a golden cross as we approach PPI tomorrow and CPI on Thursday. Our downside targets remain unchanged with SPX now within a few … continue reading →
The thinking goes like this: a strong jobs report is bearish for stocks because it might delay the Fed’s eventual pivot; while, a weak report would be bullish because it might accelerate the Fed’s pivot. The futures are on the fence, but not for long. continued for members… … continue reading →
OPEC+ threw the party they said they would. Everyone was talking about it. But, nobody came. CL and RB had already celebrated in the days leading up to the meeting and we were left with a non-event with CL stuck at a channel top and RB slamming into its 50-day MA. Might there be an … continue reading →
If the enemy of my enemy is my friend, is the friend of my enemy my enemy? The relationship between the US and the Saudis has been through plenty of ups and downs, but it’s been years since it was as fraught as it is now. The West is trying to put the screws to … continue reading →
When COMP bounced at 10,572.33 on Friday, a mere 7.19 above its June 16 lows, it might have struck some as a coincidence. It wasn’t. It was a well-coordinated effort to ensure that new lows were avoided – at least for the time being.The usual culprit: VIX. For the 6th session in a row and … continue reading →
Futures are up about 1%, backtesting the June lows as we approach the opening bell. continued for members… … continue reading →
As we’ve discussed several times over the past month, VIX’s trend line from Jan 24 was overdue for a revisit. Now that we’ve got it, will VIX nosedive as usual or are we in for something decidedly less bullish? The algos are geared up for a bounce. continued for members… … continue reading →
For months, VIX has facilitated higher equity prices – plumbing new lows, breaking down, refusing to rise in cases of obvious market distress. Today, it reached a trend line off the previous highs, all of which corresponded with sizeable bounces in the equity markets. It’s an extremely important test for bulls. continued for members… … continue reading →
Futures are off sharply this morning as important support for various instruments/indices/currencies begins to break down. continued for members.. … continue reading →