HK_L61

NQ - Defensive Rotation ahead of Jerry

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Tech continues to be sold on every CT on the Micro TF.

Yesterday - Healthcare, Energy, and Utilities were Bid.

The remaining Sectors saw outflows towards X-HEU's.

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SSO's for APPL TSLA AMZN NVDA META NIO AMD MSFT were heavily
bod for Calls.

The underlying Gamma Squeeze has 4 Days to perform.

NQ, on balance, remains in SloMo mode after Friday's Run & Gun
Momo squeeze.

NQ VX remains elevated, although that will not stop Wall Street
from keying off Jerry.

Currently, the FBS should see $*B added to the Fed's Balance Sheet
tomorrow after the continuing carnage in Bonds.

By July's end... it should be apparent the FED, short of QE is
barely able to prop the Junk Co effectively.

Something's going to give, perhaps we find out tomorrow.

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TUESDAY, JUNE 28
8 am Richmond Fed President Tom Barkin speaks
8:30 am Trade in goods (advance) May -- -$105.9 billion
9 am S&P Case-Shiller U.S. home price index (year-over-year) April -- 20.6%
10 am Consumer confidence index June 100.0 106.4
12:30 pm San Francisco Fed President Mary Daly speaks

WEDNESDAY, JUNE 29
8:30 am Gross domestic product revision (SAAR) Q1 -1.5% -1.5%
8:30 am Final domestic demand revision (SAAR) Q1 -- 2.7%
8:30 am Gross domestic income revision (SAAR) Q1 -- 2.1%
9 am Federal Reserve Chair Jerome Powell, ECB President Christine Lagarde, Bank of England President Andrew Bailey and BIS head Augustin Carstens speak at ECB conference
11:30 am Cleveland Fed President Loretta Mester speaks at ECB conference
1:05 pm St. Louis Fed President James Bullard gives opening remarks



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