The ACD Method

Man alive. All the 30 NLs everywhere are converging to zero. ES, YM, NQ, GC, Euro, WTI, Natty. Sheesh. Anyone have any good cruise recommendations?

The only thing that is holding a firm 30 day confirm is Bonds. Fyi, we have RECORD short interest in Eurodollar futures. Hmm....
 
I don't know Mav, interesting situation in the VIX vs ES. I can count with my fingers in the last 10 years where this situation has occurred and not played out to conventional market dynamics.
 
jj90 said:
I don't know Mav, interesting situation in the VIX vs ES. I can count with my fingers in the last 10 years where this situation has occurred and not played out to conventional market dynamics.
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What is the interesting situation?
 
VIX gets bid without ES selling off. This is very rare, risk aversion usually kicks in eventually. APR VIX has inverted and spot is climbing rapidly, the entire curve shifted up over the last few days. ES meanwhile is looking like the proverbial calm before the storm.
 
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jj90 said:
VIX gets bid without ES selling off. This is very rare, risk aversion usually kicks in eventually. APR VIX has inverted and spot is climbing rapidly, the entire curve shifted up over the last few days. ES meanwhile is looking like the proverbial calm before the storm.
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It actually happens more then you think. I keep a spreadsheet that tracks it. It's common enough. Also, please keep in mind there is a slight bid to the VIX going into the French Election as there should be. That will create a few weird distortions.
 
Just an fyi, the election is April 23rd. You will notice the backwardation in the VIX ends right after the election. If there is no majority winner, then there will be a run off on May 7th.
 
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