Kudos to MMs
- Thread starter nitro
- Start date
Other than the bond futures, oil futures and gold futures reaction to FED announcement yesterday [whose reactions imo should be no surprise. Everyone is hoping inflation is not an issue], everything else is mostly the same as yesterday in the equity world.
"FV" is estimated at approximately 840. Convergence continues. Support and resistance levels as stated in previous pages.
Shipping rates seem to be stabilizing, a ray of light for world economies.
Keep the CDS of the usual suspects in view.
VIX extremely stubborn to give up 40. That may be the most telling of all.
"FV" is estimated at approximately 840. Convergence continues. Support and resistance levels as stated in previous pages.
Shipping rates seem to be stabilizing, a ray of light for world economies.
Keep the CDS of the usual suspects in view.
VIX extremely stubborn to give up 40. That may be the most telling of all.
Options expiration. Many option MMs like this day. We don't particularly like it. At around 1:00 PM CT, our eyes start rolling back in our sockets on opts ex, and the movement is erratic when there is action.
Other than oil futures, everything looks dead to me. "FV" little changed from yesterday, estimated at 850.
Other than oil futures, everything looks dead to me. "FV" little changed from yesterday, estimated at 850.
"FV" estimated at 870. Perhaps we see VIX lose 40 today.
S/R on SIFs are the same as previous recent pages have suggested, but we may need to start naming new upside resistance levels if their strength continues into the trading day and we cleanly break 800 SPX.
Gold and oil futures steady.
The next shoe to drop may be in commercial real estate. Put banks with that exposure on your screens to look for opportunities.
This is nothing to act on, but I think the Camaro will be a hit and will lift GM to $8 to $10. It is pure speculation on my part obviously and I have no data to back it up. It is somewhat lucky that gasoline is near $2 when it is being introduced. GM has to find a way to get 30 MPG on a 400 HP V-8, displacement on demand:
http://en.wikipedia.org/wiki/Active_Fuel_Management
The V-6 may be a huge seller.
S/R on SIFs are the same as previous recent pages have suggested, but we may need to start naming new upside resistance levels if their strength continues into the trading day and we cleanly break 800 SPX.
Gold and oil futures steady.
The next shoe to drop may be in commercial real estate. Put banks with that exposure on your screens to look for opportunities.
This is nothing to act on, but I think the Camaro will be a hit and will lift GM to $8 to $10. It is pure speculation on my part obviously and I have no data to back it up. It is somewhat lucky that gasoline is near $2 when it is being introduced. GM has to find a way to get 30 MPG on a 400 HP V-8, displacement on demand:
http://en.wikipedia.org/wiki/Active_Fuel_Management
The V-6 may be a huge seller.
We have some unfinished business 831-843.00.
"FV" approximately 882.
Boy VIX refuses to give up 40. I have been studying the term structure of VIX and it's movement, plotting weekly values against each other so that I can see parallel vol shifts and skew shifts. It is slightly becoming skewed and there has definitely been a parallel vol shift higher. It is interesting, but there appears to be a correlation between VIX term structure and note term structure.
Oil and Gold futures and SIFs may give some back today, but I would watch to see where buyers come back in. Some people are wondering where this rally becomes a bear market rally or a new bull market. That is like asking if a movie is porn, you will know it when you see it. These people that think they can tell pre-cognitively are kidding themselves, imo. Where would a trader [I] get short? Not with my money if "FV" is this far out of sync. But if you wanted to take a shot, with a close below 782 and bad news like growing unemployment numbers would probably be odds on. In other words, I woulnd't sell just because the market was going down with "FV" so far above here. You want to swim with the river. You don't want to be trout.
S/R as stated in previous pages.
Boy VIX refuses to give up 40. I have been studying the term structure of VIX and it's movement, plotting weekly values against each other so that I can see parallel vol shifts and skew shifts. It is slightly becoming skewed and there has definitely been a parallel vol shift higher. It is interesting, but there appears to be a correlation between VIX term structure and note term structure.
Oil and Gold futures and SIFs may give some back today, but I would watch to see where buyers come back in. Some people are wondering where this rally becomes a bear market rally or a new bull market. That is like asking if a movie is porn, you will know it when you see it. These people that think they can tell pre-cognitively are kidding themselves, imo. Where would a trader [I] get short? Not with my money if "FV" is this far out of sync. But if you wanted to take a shot, with a close below 782 and bad news like growing unemployment numbers would probably be odds on. In other words, I woulnd't sell just because the market was going down with "FV" so far above here. You want to swim with the river. You don't want to be trout.
S/R as stated in previous pages.