Mutual Fund Monday
Mutual Fund Monday
Mutual Fund Monday. Flow is bullish. Magnificent 7 only. Color me skeptical.
Bitcoin is rallying. Just so volatility doesn't?!
Powell is speaking at 11 as VIX violently digests its 200D.
Tough to have an edge, and yet... zoom out! Treasury AND Corporate bonds are falling, and increasing credit stress but also chance of a credit event.
10Y is very bullish into maybe past my 4.7% target.
USD is very bullish into my next target of $107.22. USDCAD is spiking; this is an early warning that volatility is about to enter FX if this gets/stays > 1.37.Gold/precious metals continue their 'forced selling', which was a well-timed warning that Silver would be next. Those Oct 20P tripled. And I still see 19.41 overshoot in SLV before a chance of a real bounce.
Oil failing 93.50 monthly resistance is helping the well-timed XLE + VLO shorts.
GRPN swing long has pushed above my 14.85 PT into 16. If you rolled that financed Call spread from OCT to JAN, April has no options market I trust so I think closing the whole thing makes sense even though Tiffany is probably right: it is in a gamma squeeze to $20. SPX isn't falling but I suspect it will be down 100pts the longer it stays below 4300 - especially if VIX stays >17.54 on wkly close with SVXY below 89.60.QQQ is whistling by the graveyard according to my USD/10Y ratio now pushing 310!
Anything above 300 is flash-crash worthy. But again, it's Mutual Fund Monday and Powell is volatility dampening. Having said that:
VIX is mean-reverting and I still see no safe swing long entry for markets as long as breadth and net selling still taking place under the surface.
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