A Market in Ludicrous Mode?

20.5 million with 14.7% unemployment

Even the most bullish of the bulls are skeptics
–Pros are in large part net neutral
–Retail driving the bias

The range is everywhere…
–All asset classes are in lockdown mode!
–Bonds
–Gold
–Index/Equities
–Dollar

Potential is explosive…
–the volatility box
–aka: the hurt locker

Bonds might be coming back to life, defining factor
–NIRP scare
–Fed balance sheet

My Primary Positions
–Net Short delta – tech, xlp, cost, csx, hd
–Long delta in energy sector – xle, xop
–Long call backspreads (hedges) – xlf, eem, tlt
–Long Iron Condors – spy

SPX Expected Move
–last week– 106.93 (expected)
–actual move–99.09
–next week– 79.60 (expected)
–11 out of the last 17 weeks have seen moves OUTSIDE the EM

More from TheoTrade

What Stalled the Mag 7 Rally

3 Ways Falling Yields Can Repair Market Breadth

What an ATR Stop Loss Tells You Before a Good Trade Loses

Pause on the Bridge

The Sizing Rules That Could Save Your Account

S&P 500’s Hidden Bear Market


Most Recent

What Stalled the Mag 7 Rally
3 Ways Falling Yields Can Repair Market Breadth
What an ATR Stop Loss Tells You Before a Good Trade Loses
Pause on the Bridge
The Sizing Rules That Could Save Your Account

Get educational market insights sent right to your inbox.

As Seen In