Kudos to MMs
- Thread starter nitro
- Start date
"FV" ~830. CPI will likely dictate the day today, but a gap fill seems imminent with the reaction of NQ after the close yesterday in response to INTC. If CPI comes out as expected to show negative inflation [deflation], expect to see a bond rally, as 3.00% with a real return of about 5% seems attractive with equities likely fully valued. Currencies will follow and take the dollar higher. This CPI analysis gives further credence to an equity sell off and a gap fill, but much hangs on CPI.
Oil futures tame, but they were anything but yesterday after the open. Inventories due out at 9:30 CT.
Is VIX changing it's character? The last two days have been counter intuitive, imo.
Oil futures tame, but they were anything but yesterday after the open. Inventories due out at 9:30 CT.
Is VIX changing it's character? The last two days have been counter intuitive, imo.
"FV" ~820.
Oil futures tame.
These two days, expiration Thursday and expiration Friday, are often counter intuitive unless you have experience trading them. It is very useful to store the data for these two days for later research if you trade them.
Earnings continue to come in and they look ok to me.
Oil futures tame.
These two days, expiration Thursday and expiration Friday, are often counter intuitive unless you have experience trading them. It is very useful to store the data for these two days for later research if you trade them.
Earnings continue to come in and they look ok to me.
Ivanovich,
QM is a slave to equities at this point, imo. Since equities are now trading well above "FV" ["FV" this morning about 820, and ES trading about 863 as I write this], it is imo a bad short term bet to go long QM, unless you think QM has decoupled from equities.
In the intermediate term, meaning say six to nine months, $60 oil is 80 delta, imo.
"FV" collapsing, about ~ 792. Still looking for the gap fill in SPX to 825.
Oil futures down 4% pre-market.
Imo IBM made a big mistake not swooping up Sun MicroSystems. It is not so much that they need the hardware, it is more that they don't want exactly what happened to happen. ORCL can now almost directly compete with IBM on integrated solutions.
Oil futures down 4% pre-market.
Imo IBM made a big mistake not swooping up Sun MicroSystems. It is not so much that they need the hardware, it is more that they don't want exactly what happened to happen. ORCL can now almost directly compete with IBM on integrated solutions.