Rejected past support now serving as new resistance level two days ago. See below. Do not trade based on my opinion. I am short HYG with puts.
Asia is getting very close to completing their EM development and will eventually move away from pegged regimes vs the USD as the US slowly fades in terms of GDP percentage vs the world. That is how it worked with the Euro and its only a matter of time with the Yuan. With China just starting to very slowly let their currency depreciate to boost growth and...
EARNINGS BIDU (97/55) announces earnings on Monday after market close, so look to put on a play in the waning hours of the New York session ... . Pictured here is a September 80/120 short strangle paying 1.65 as of Friday close with delta/theta metrics of 1.57/8.07. You can naturally go defined risk, but you'll have to go in a smidge tighter with the shorts to...
I will eventually start posting weekly videos with the outlook on my 5 favorite trading instruments on which I place around 90% of the deals. These include: SPX, Gold, Crude Oil, EURUSD pair and the Emerging markets via USDRUB. If you like what you see, please fell free to hit the Like bottom and leave your comments. Disclaimer: By viewing this video you...
As volatility has come back to the global markets with a vengeance, one headwind that continues to blow even stronger continues to be the US-China trade war. On August 2nd, the US unexpectedly imposed additional tariffs on Chinese goods, with the Chinese now threatening to retaliate in kind. As a result of this renewed volatility, Emerging Market stocks ($EEM)...
Forgot to publish this idea a couple weeks ago: BOT +2 VERTICAL EEM 100 20 SEP 19 42/41 PUT @.25 - pays 150 on max profit at 41 range on expiry - breakeven at expiry 41.75. Needs a 2.7% drop to break even on the trade. Slightly positive right now, and progressing well overall. I put this trade on mid month when the EEM was around 43. Looks like a type of H&S...
We currently live in a world where media has major sway in the psychology of investors, including ones who do their homework. After watching $EEM closely, I see that at each major event over the past few months (tariffs placed on China, Federal Reserve doesn't reveal a rate cut at June 18-19th meeting, G20 meeting) the ETF spiked before cooling down as more...
ABC from beginning of 2018 appears to be complete. Couldn't break massive resistance at $98, and now broke below support trend-line. First target, $85.
Very high correlation btw relative value of EM vs DM stocks and Gold price At the moment, either EM is very cheap vs DM or Gold is very expensive. This should correct in coming weeks Idea stolen from TickByTick_Team on Twitter. Sorry not allowed to paste links here
Business cycle also implies more downside for EEM and likely for DAX and SPX.
Aim for the red box. time segmented volume is signaling momentum reversal.
EARNINGS COST (46/25) announces earnings on Thursday after market close, so look to put on a play in the waning hours of the regular New York session. Pictured here is an iron condor in the July (53 days) expiry with the short options at their respective 20 delta strikes. Preliminarily, it's paying 1.55 at the mid price, a smidge shy of one-third the width of...
Current rise in emerging markets could be temporary as it is a pullback after a breakdown below the support of consolidation. To resume down the price should break below blue support.
Nuevamente frente a los $700, este par ha sido muy ciclico en esta lateralizacion que vienen desde Septiembre 18'. Again against the $ 700, this pair has been very cyclical in this period of lateralization, that started at September 18 '. PO: $677.64
EARNINGS: HD (33/24) announces earnings on Tuesday before market open; HPQ (68/38), Thursday after market close. Although the rank/implied metrics are less than stellar, pictured here is an HD June 21st 180/185/200/205 iron condor paying 2.13 (1.06 at 50 max), expected move break evens, and delta/theta metrics of -2.22/2.96. Alternative Trades: June 21st...
Have a great day all