themarketear

themarketear

S&P - shooting star yesterday and a relatively big negative confirmation candle so far today as S&P trades very tight in that rising wedge VIX and V2X both up on a Friday...looks like it could be a long weekend...

themarketear

South Korea closing down parks, art gallerias, museums for the coming two weeks as sudden spike in Corona cases has hit South Korea this week. Korean Won, weaker over past weeks. South Korea was quick the first time, will the world once again be behind South Korea when it comes to controlling Corona?

themarketear

TSLA bulls getting anxious, greedy and irritated as stock has been hoovering not doing anything (at least in TSLA terms) for the past 20 days....What better than to look at the 2030 opportunity in Tesla related software....Morgan Stanley explores the potential for Tesla to pivot the model from selling cars to generating high margin, recurring software...

themarketear

So far a perfect reversal off the longer term negative trend line. As we have outlined, oil volatility is down recently (still elevated) and makes "serious" oil trading more attractive. For now we keep our fade logic.

themarketear

Skew index has been on the rise. Many refer to it as the "real fear" index, but that is wrong. Rising skew has very little to do with crashing equities. Skew rising is just pointing out the fact downside protection is rising on a relative basis. Given the fact the melt up has been rather brutal, skew "becomes bid automatically" as we "move along the vol curve".

themarketear

Russell futs +21% from lows 9 sessions ago Great yearly return in a few sessions because of "rotation"...

themarketear

That great European banks bull call Credit where credit is due. Recall the Autonomous long euro banks call we posted on May 20, SX7E is +17% from lows that day. Main points from the call on May 20: Autonomous lays out the below points today: 1. the sector’s Q1 results were relatively resilient 2. some tail risks have been removed 3. look ahead to the next...

themarketear

Bitcoin under performed NASDAQ in a similar fashion just before the last crash Probably nothing, but they both represent the "new" economy...

themarketear

NASDAQ futs - watch this candle as it is one of the biggest reversal candles we have ever seen in NASDAQ We saw similar, but inverse, candles around the March lows. As always, a confirmation is required...

themarketear

Remember Buffet's sold airliners? - JETS +10% Buffet is still waiting for the dip and his sold airliners are now substantially higher than when news broke the wires on May 3rd.

themarketear

NASDAQ - not the most confident candle... possible shooting star in the making... ...but do not forget we we need a confirmation.

themarketear

Eurostoxx 50 futures leaving dividend futs behind.