Thinning Liquidity and Large Options Positions With the holidays upon us and the liquidity thinning, and with large call positions expiring tomorrow, expect the tight range to get broadened with wild spikes in either direction today and mainly tomorrow. As we wrote yesterday, “The unabated bull run is likely going to slow down a bit, (more…)

This Roller Coaster for both Bulls and Bears The unabated bull run is likely going to slow down a bit, albeit not getting negated any time soon. Unless some major unexpected headlines hit the markets, expect choppy range trading into the year end, with occasional sudden spikes in either direction. Structurally, we are still in (more…)

This Bull Isn’t Going Away Anytime Soon? There is no change in the story of this bull market! Our Friday morning trading plan wrote: “If you went short on that lack of detail and against what our models have been consistently indicating, you may be spooked by the continued apparent strength of the bulls”. That (more…)

Markets Unraveling to Inflict Maximum Pain Our Friday morning trading plan wrote: “If you went short on that lack of detail and against what our models have been consistently indicating, you may be spooked by the continued apparent strength of the bulls”. That spooky story is extending into this week, with strong gains in overnight (more…)

Tight Spiky Range Turned Spooky? Overnight futures have continued accumulating gains on top of yesterday’s spike up on Trump’s pumping up of the “Phase-1” (aka, diluted) China trade deal that was light on detail. If you went short on that lack of detail and against what our models have been consistently indicating, you may be (more…)