HK_L61

HK_L61

Divergences continue to mount, Historically they tend towards an overshoot prior to reversal. Banks EPS, although touted as stellar, were in fact a substantial miss for a number of reasons. Loans have been flat from January to March and now well advanced into decline. Well's proved to be the canary. Further evidence will be provided as Companies begin to...

HK_L61

In discussion with other Traders regarding the best way to Sell the QQQs - SQQQ is clearly not the Instrument, rather a Sell to Open on TQQQ is preferred. We sold 2.5K - 133.88 ~ Our Stop is now 131.48. As the QQQs build upon AAPLs Gamma Squeeze, the EPS News for AAPL will be sold, Calls were bought @ the 140 Level in large size. IF you are considering how to...

HK_L61

August is a Pivotal month for Geopolitical Events which began gaining momentum in March of this Year. The Economic crisis is a large contagion spreading throughout the European Union. The inability of the EU to continue buying Debt from its member states is clearly grinding to a sudden halt. Pressure to break up the EU is mounting in both scope and scale...

HK_L61

Since March 18, 2021 the Financials have diverged from the Equities Complex. This can be observed in the NQ Bank Chart above. It suggests a Financial Storm is brewing. The Bond Complex is 10.2X the size of the Equities Complex by Value. Bonds have been Bid since January along with the US DX, it is interesting to observe the JPY/DX Pair. There is a Divergence...

HK_L61 Updated 

The Indices are in the final stages of this rise in Price for the ES. The RTY has begun to roll over. The NQ will follow and finally the INDU - this is IF there is a rotation, there may not be. It would be a panic move as the DOW is targeting 28,2000. We are positioning an Inverse Ladder for Buy to Opens in SPXU. We being my son and myself. 17.00 - early BTO @...

HK_L61

We are witnessing a Crisis on par with LTCM, similar to the Russian Bond collapse. The Reverse Repo pool can be used in Net Effect to raise Rates. "Net" as it has another insidious component to it - Money Markets will again come under duress as the DX moves below Par at 100 Basis. Money Market Funds are seeing large inflows as Primary Institutions are telling...

HK_L61

The VX complex has targets at in the Range of 12.30 on the larger Daily. A Compression Range remains 13.35 to 15.51, where Price can be volatile IntraDay. The CASH VIX has put in 3 tests of Support @ 14.20. The Volatility Complex is setting up a large move to 106.12 - it will likely come in steps, albeit rapidly. VXQ is posted above, the Sept. 2021 CT. The...

HK_L61

An increasing level of concern is rising within the Bond, Equity and Real Estate Complexes or Markets. I prefer Complex as each "Market" has a number of entities using their control mechanisms. The Equity Complex has a number of headwinds approaching for Technology (NQ). Yields, specifically the 10Yr Treasury Note has been a reliable Instrument for an Inverse...