NQ - Equity Analysis, Macro Events - Friday Powell 10AM EST
NQ and the Balance of Equity Instruments traded to resistance overnight ahead
of Today's Macro Data and Fed Chair Powell speaking @ 10:00 AM EST.
Kaplan's expected reversal of reversal Taper, came and went.
Bullard was extremely Hawkish yesterday.
IF Powell is less so, the DX will decline.
Financials remain in SELL. Bonds remains in a SELL.
ROCs in 10Yr need to be watched carefully.
VIX inside the Long from lows with all pullbacks defended - 18.95 LIS.
FRYday's are usually "VIX Attack".
Support for VIX M1 @ 19.65.
ES remains in a Larger Long, it defended the .382 with the Gap Fill @ 4466.65.
YM is the Weak Sister, it defends Globex resistance.
RTY has yet to trade a Pull Back.
The usual suspects - AMC TSLA ARKK do not look good... it is OPEX.
Gamma failing for the 4th week in a row.
Participation will roll off after 11:30 AM EST as EU Session closes.
BR/VG will be on the hunt... Friday's are theirs's.
We are taking today off from trading on balance with 1/4 to 1/2 size today
at maximum.
Next week will provide the continuation to advancing the SELL, we began positioning
for it this week. 38% Sell to Open presently DEC on Derivs and M1 - M3 Vix Complex.
Today's Price action will be aggressive if the usual suspects show up to run Prices.
We will simply Hedge DEC with SEP CTs if necessary.
10AM will obviously provide a reaction, we are SOH til then.
For today, we are Neutral and trading very small size, limiting risk exposure.
of Today's Macro Data and Fed Chair Powell speaking @ 10:00 AM EST.
Kaplan's expected reversal of reversal Taper, came and went.
Bullard was extremely Hawkish yesterday.
IF Powell is less so, the DX will decline.
Financials remain in SELL. Bonds remains in a SELL.
ROCs in 10Yr need to be watched carefully.
VIX inside the Long from lows with all pullbacks defended - 18.95 LIS.
FRYday's are usually "VIX Attack".
Support for VIX M1 @ 19.65.
ES remains in a Larger Long, it defended the .382 with the Gap Fill @ 4466.65.
YM is the Weak Sister, it defends Globex resistance.
RTY has yet to trade a Pull Back.
The usual suspects - AMC TSLA ARKK do not look good... it is OPEX.
Gamma failing for the 4th week in a row.
Participation will roll off after 11:30 AM EST as EU Session closes.
BR/VG will be on the hunt... Friday's are theirs's.
We are taking today off from trading on balance with 1/4 to 1/2 size today
at maximum.
Next week will provide the continuation to advancing the SELL, we began positioning
for it this week. 38% Sell to Open presently DEC on Derivs and M1 - M3 Vix Complex.
Today's Price action will be aggressive if the usual suspects show up to run Prices.
We will simply Hedge DEC with SEP CTs if necessary.
10AM will obviously provide a reaction, we are SOH til then.
For today, we are Neutral and trading very small size, limiting risk exposure.