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Market Update–
–SPX EM – it is getting REAL out there
–correlation made a comeback
–volatility explodes back on the scene
–volume in SPUZ incredibly light
–FED officially against the markets
Pricing Pressures Moving Forward
–Tech earnings may take a back seat to present volatility
–GOOGL, NVDA serious technical breaks
–MSFT, FB on the edge
–Can Bonds rally?
–packed event calendar
Positions–
–option premiums and back month skew have exploded
–shorting stronger sectors
–game face on for Monday… it’s serious now…
SPX Expected Move–
–last week– 98.06 (expected move)
–next week– 134.17 (expected move)