NFP: Not F*cking Playing

NFP: Not F*cking Playing

tomorrow brings NFP and markets are pretty coiled up for it. The risk trade is in focus and this can of course push a number of other markets along with it. On the lucky side, VIX slid back below 20 today so premium isn’t as expensive. Straddles can look more...
FOMC

FOMC

Next week brings the Fed and they may actually punt here. Covid numbers are a reason, but this Evergrande thing may spiral and with stocks pulling back a bit they might balk. But, they have been pretty intentional so I do think they’ll ultimately have something...
evergrande as the pin that pops it all

evergrande as the pin that pops it all

I still remember when there was massive skepticism around QE. It was artificial, and basically just a fake leg for global markets until politics could get their shit together and fix the structural problems that had shown at the time. Those problems were pretty...

Apple folds from Fibonacci resistance

Looked at the setup earlier this week, Apple testing Fibonacci resistance, as taken from a 141.4% extension. That’s led to an $8 move off of the highs, with prices now getting back into the territory of short-term support. Buying opportunities may follow next...
Gamestop (GME) Gap Fill

Gamestop (GME) Gap Fill

There’s a really excellent example of a gap fill this morning in Gamestop (GME). Game stop gapped down bigly this morning, to the tune of 18.71. Yesterday’s close, marked in red on the below chart, was at 198.36, and this morning’s open was at...
S&P 500 Daily Price Levels

S&P 500 Daily Price Levels

S&P 500 Daily Levels & Setup Bullish backdrop, looking for short-term breakout There’s two big zones on either side of price, with a thick zone as ‘s3’ and a thin zone as ‘r2’ – each of which come from prior unfilled gaps...
Tesla (TSLA) Short at Resistance

Tesla (TSLA) Short at Resistance

Tesla has come back to life over the past couple of months, along with everything else as the Fed has went out of their way to be uber dovish. Maybe that changes, maybe not, but the fervor that was in TSLA earlier in the year is there no longer. And prices are hitting...
Apple (AAPL) runs into Fibonacci extension

Apple (AAPL) runs into Fibonacci extension

Apple has been on a helluva run lately. My bull thesis here is that while the world ran into a chip shortage, apple became one of the most cutting edge producers of microprocessors. Of course, they’re going to keep most of their supply to feed into their...