One Signal Can Be Noise. What Happens When Three Line Up?
Gianni Di Poce tracks the long-term Tide, mid-term Wave, and short-term Ripple—looking for the moments when all three point in the same direction. → See How the Alignment Works

Have the Depths of Volatility and Despair Passed?

Volatility did not rise in the midst of selling
–vol complacency
–markets are tired
–options volumes have subsided

FOMC is BACK but too little too late
–FED meeting
–quarter point baked in
–Quantitative tightening is underway
–CPI 7.9%, inflation will turn into stagflation

Bond Markets -have to do what the FED will not
–rates to pop, 10 year and short end of the curve
–junk yields need to fly

Financials- are margin and sanction hits forthcoming?
–exposure to geopolitical risk (JPM)
–commodity exposure and margin
–sanction shock to the global financial stability

Mega-Market Caps – the great unwind has begun

SPX Expected Move —
–last week — 147.73 (expected move)
–next week– 144.35 (expected move)

Don Kaufman

Don Kaufman is options trader and educator. Former CBOE market maker, former Chief Derivatives Instructor at thinkorswim, and former Director of the Trader Group at TD Ameritrade. In 2015 he co-founded TheoTrade to teach traders how volatility, probability, and risk really work.

More about Don Kaufman

	Today
09.00	Don Kaufman \| Pre-Market Prep \| FREE SESSION 09.20 09.30 Don Kaufman \| Early volatility 09.20 10.30
09.30
10.00
10.30	Jeff Bierman \| Market structure 10.30 11.30
11.00	Jeff Bierman \| Market structure 10.30 11.30
11.30	Brandon Chapman \| Ghost Hour 11.30 12.30
12.00	Brandon Chapman \| Ghost Hour 11.30 12.30
12.30	Gianni Di Poce \| Macro overview 12.30 13.15 Elizabeth \| Price Action 13.15 14.00
13.00
13.30
14.00	Corey Rosenbloom \| Options tactics 14.00 15.00
14.30	Corey Rosenbloom \| Options tactics 14.00 15.00
15.00	Blake Young \| Market wrap 15.00 16.00
15.30	Blake Young \| Market wrap 15.00 16.00