Hedge_Of_The_World

Hedge_Of_The_World

As the majors drift sideways on Wednesday afternoon, after a bullish morning, Vix is at the LOD (18.16). When you look at Vix from the weekly timeframe, the trend is quite pronounced, and we're at solid multi-year support. It looks like things are going to get very wild, very soon, and from a macro perspective that makes perfect sense. I'm well positioned for...

Hedge_Of_The_World

Global Futures are extending gains on Wednesday morning after retail traders bid the indexes all day yesterday to essentially erase Monday's losses. I can't imagine where we'd be right now if buy-back inflows were in the mix this week. But, here we are nevertheless, back near ATH's, and markets refuse to accept anything greater than a 2% correction before the BTFD...

Hedge_Of_The_World

Similar to last year March when markets crashed 35%, the US10Y yield is crashing today, with the majors bearly off the ATH's. Will this divergence end the same way - with bonds as the safe haven of choice? Something tells me we're very close to finding out...

Hedge_Of_The_World

SPY down 2%, Vix up 30%, yields crashing (similar to last March's divergence). If buy the dippers think we're oversold at these levels, I invite them to have a look at the monthly timeframe. Brace for impact...

Hedge_Of_The_World

Here we go, folks! After an ugly opex on Friday which saw 30% of SPY, QQQ, IWM, and SPX options expire, leading to heavy selling across the board, futures are extending losses on Monday morning. As of 9AM, the S&P is down -1.21% to 4,266.12, the Dow is down -1.44% to 34,067, the Nasdaq is down -0.95% to 14,532, and the Russell is down -2.22% to 2,113. European...

Hedge_Of_The_World

We're either seeing a breakout here on the S&P500 Futures/M2 chart, or this resistance level, which has held up since 2001, is about to spoil the bulls party. Look at the last impulse wave toward the resistance line in yellow. We're stretched, but we're seeing the same pattern, folks. Trade accordingly...

Hedge_Of_The_World

After this morning's insane inflation print (YoY CPI of 5.4%), the Dollar (DXY) is being heavily bid (again). We just saw a rejection at the wedge this morning for the 4th time in a month. It's been a bumpy ride, but if the wedge is recaptured on broader market weakness, our 2H target remains 95+...

Hedge_Of_The_World

US Futures are trading marginally lower on Tuesday morning with the Dow down -0.16% to 34,821, the S&P down -0.21% to 4,369, the Russell down -0.37% to 2,268 and the Nasdaq down -0.4% to 14,865 as of 8:50AM. We saw June CPI come in extremely hot moments ago at 0.9% vs the 0.5% expected, while Core CPI also came in at 0.9% vs the 0.5% expected. We're talking YoY...

Hedge_Of_The_World

See you at the bottom. Nuff said...

Hedge_Of_The_World Updated 

AMZN is seeing some pressure here after hitting a new ATH yesterday. We're coming off overbought levels, and likely to see a retest of the recent range as early as today. We've seen strong support at the 200DMA (3,233), so a retest of this level is likely to result in a bounce back toward the upper band of the range. There's no question Amazon is overbought, and...

Hedge_Of_The_World

Bitcoin (BTCUSD) is getting hammered here at the top of the morning session. We're down almost 4% on the day, and heading toward weekly support. If we lose the 30k support we're likely going to see a test of 20k where the 100MA (w) is sitting...

Hedge_Of_The_World

AAPL is seeing a rejection here near the ATH. We're likely going to see a retest of the lower ascending trendline around 128 before another potential test of the ATH. Having said that, we've been seeing elevated valuations for quite some time, so we may lose the ascending trendline support on the next test if the broader market sees a notable correction...

Hedge_Of_The_World

US Futures are tanking on Thursday after a rough overnight session saw the S&P fall back toward it's 21EMA around 4,269. As of 9AM the S&P is down -1.3% to 4,294, the Dow is down -1.3% to 34,124, the Nasdaq is down -1.32% to 14,607, and the Russell is down -1.85% to 2,207. The Russell is down around -4.28% on the week, and has lost critical MA supports,...

Hedge_Of_The_World

The Dollar (DXY) is seeing heavy inflows today, and we're retesting wedge resistance for the 3rd time in a couple weeks. King Dollar, is that you? Don't forget, if we recapture the wedge, we have immense upside implying a major market move to the downside if we break through. We may be finally nearing the end of this disgusting ponzi scheme we call a market...

Hedge_Of_The_World Updated 

US Futures are trading sideways on Tuesday morning - we're sitting near the ATH's, and showing no signs of letting up. The bears have vanished again at the opportune time for bulls, setting us up for further upside this week off the back of nothing but relentless and persistent fiat debasement by central banks, along with the corporate buy-back ponzi. We're...

Hedge_Of_The_World

US Futures are drifting lower on Wednesday morning after the MBA Mortgage Applications Index sank -6.9% and the ADP Employment Change came in at 692k vs the 400k expected. This sets us up for a potentially strong payrolls print on Friday, which at this point may lead to a risk off move on the assumption of tighter monetary policy as a response. According to...

Hedge_Of_The_World

US Futures are trading at or near their ATH's ahead of Tuesday's cash open with the S&P flat at 4,281, the Dow up 0.27% to 34,258, the Russell up 0.22% to 2,321, and the Nasdaq down -0.16% to 14,490 as of 8:30AM. The US dollar (DXY) is gaining some ground and is up around 0.30% on the day to 92.16, while the US10Y yield traded around 1.50% after recovering from a...

Hedge_Of_The_World

Corn futures (ZC1!) just came off the highest monthly RSI print since 2008 around an 82 handle. We're likely going to see a vicious correction in the near term. Seems like everything is on the verge of a major correction at this point. I wish the Fed luck...