Hedge_Of_The_World

Hedge_Of_The_World

Happy Friday folks! Let's get right into it today. US Futures traded relatively flat in the overnight session with the Dow down -0.12% to 34,420, the S&P down -0.11% to 4,233, the Russell up 0.29% to 2,315, and the Nasdaq up 0.07% to 13,969 as of 8:30AM. Yesterday's PA came as a bit of a surprise to trading desks across the Capital Markets, as the typical...

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TSLA bulls are still struggling to recapture the 200DMA (605), similar to Bitcoin PA. We have support around 550 with heavy MA resistance overhead, and headlines in the MSM about weak China sales, which apparently fell 8.6% month over month. It's not looking good for Elon Musk right now...

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AMC breakout again here on the hourly time frame. We were up over 20% on the day shortly after the open, and have since cooled notably. These are some of the craziest flows I've seen in a while. This is pure gambling and the company is loving every minute of it. Mean while, insiders are dumping their holdings and taking advantage of the elevated valuations. Smart...

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US Futures traded relatively flat on Monday morning with the S&P up 0.01% to 4,228.75 (sitting just below the ATH), the Dow up 0.14% to 34,790, the Nasdaq down 0.10% to 13,753, and the Russell down 0.01% to 2,286.40 as of 8AM. The US10Y yield fell back to 1.58%, while the dollar (DXY) traded flat at 90.12. We saw another mini flash crash in Vix this morning...

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Global futures are experiencing some weakness this morning after yesterday's rollercoaster ride saw us rise persistently in the morning session, only to be hammered from noon until around 2PM, to then be panic bid into the close once again. The Dow is trading down -0.51% to 34,412, the S&P is down -0.62% to 4,180.38, the Nasdaq is down -0.88% to 13,553, and the...

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Hey guys, I hope everyone had a nice relaxing weekend. After a freakish drift higher on the US majors yesterday toward the ATH's, and off the back of a week straight of buy-backs, QE, and dip buying, the SPY is back at the lower band of the ascending green channel (resistance) around 420. Of course, we can't not mention the FED members parading around every day,...

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Bitcoin (BTCUSD) appears to have hit a brick wall. We're trading sideways after the recent sell-off seemingly stabilized. We're looking at a log scale which shows us a more evenly distributed set of data. Notice how similar this recent impulse wave was to the last. If history rhymes, we could be at the onset of a bear market for the crypto realm. Trade accordingly.

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US Futures traded mostly sideways in the overnight session, with the S&P briefly testing a low of 4,029.38, before recapturing the 50DMA. We're currently sitting just above the 50DMa around 4,072.38 as of 9AM. We saw jobless claims come in at 473k vs the 510k expected, while continuing claims came in at 3.655MM. Don't be fooled by these numbers though, we're...

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Massive day for the Put/Call showing a notable shift in sentiment off this morning's ugly inflation print. Jobless claims tomorrow morning should be a doozy!

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Not a bad day of work, my friends. Congrats to those who stuck it out and caught the breakout! Respect.

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Taiwan's Stock Exchange Index just saw it's biggest market crash in 54 years according to ZeroHedge, falling 9%. Needless to say margin levels are at historic high's, so the bleeding has only now begun as potentially ugly margin calls commence. US CPI data came in (extremely) hot moments ago. We saw a rise of 4.2% YoY after CPI rose by 0.8% in April vs the 0.2%...

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Lumber just hit $1,700 after this morning's 3.7 sigma payrolls miss. More money printing equals more inflation; a child understands this concept. But, central banks say they're still trying to get inflation to 2%. I mean, I have no words, folks...

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We had a very interesting day of PA on Thursday after jobless claims rose by 498k vs the 530k expected. Continuing claims sit at 3.69MM, rising by approx. 400k vs last week's print. According to ZeroHedge, we still have over 16MM Americans on some form of income benefits, so of course, take any jobless claims print with a pinch of salt. Remember, the government is...

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Given the morning's PA, I feel like it's time for a throw-back to one of my old posts. Some of you might remember this one: Dear Mr. Market, 1. I hate the way you always seem to rise, even when you're supposed to fall. 2. I hate the way you make me scratch my head, when price action makes no sense at all. 3. I hate the way you brand me a contrarian, even though...

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The Dollar (DXY) is catching a light bid on Wednesday, and we're near the HOW, and testing the "neckline" support turned resistance in red around 91.35. A break above should see us test the 50DMA around 91.75, then the 200DMA around 91.95. This is the forth daily test of the neckline after we recaptured wedge support, so we should see a resolution one way or...

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"The Fed is boxed into a corner. Powell knows it. Yellen knows it. But give them props – they are putting on quite a show trying to assure us everything is fine to keep the markets calm. It reminds me a little bit of the orchestra playing as the Titanic sinks." - Michael Maharrey, SchiffGold.com. US & European Futures are broadly up on Wednesday as of 9AM, with...

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Looks like we're at the end of the road, my friends! ABC correction will commence any week now.

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Let's begin by introducing Modern Monetary Theory (MMT), which is a contrarian view to the orthodox macroeconomic theory's of the past, such as the Autrian School of Economic Theory. The theory suggests, inter alia, that soveriegn nations which maintain a monopoly on their currency, can essentially use that monopoly to fund government spending, without the need of...