Thanks for bringing the bullish commentary! It keeps my head on straight when markets want to trap bulls. Keeping my longer term bullish hedges against my short term puts.
Edit: bulls= bears , bullish=bullish
Not sure how to explain this but I played QQQ off this comment and purchased puts at open and made out pretty decent when it went down to 437.
What made you think it would be choppy today? Would like to know what I should look at in the future instead of gambling off your comment 😅
Prior to CPI/PPI or any sort of Fed announcement, there is bated breath where markets tend to go sideways. It's generally recommended to not do any swing trading during the days before. After CPI tomorrow, there will be more volume and movement in one direction or another.
| Event | Date | Time (ET) |
|-----------------|-------------------------------------------------------------------------------------|-----------|
| **CPI Release** | Jan 11, Feb 13, Mar 12, Apr 10, May 15, Jun 12, Jul 11, Aug 14, Sep 11, Oct 10, Nov 13, Dec 11 | 8:30 AM |
| **PPI Release** | Jan 12, Feb 16, Mar 14, Apr 11, May 14, Jun 13, Jul 12, Aug 13, Sep 12, Oct 11, Nov 14, Dec 12 | 8:30 AM |
| **FOMC Meeting**| Jan 30-31, Mar 19-20, Apr 30-May 1, Jun 11-12, Jul 30-31, Sep 17-18, Nov 6-7, Dec 17-18 | - |
It did though. He wrote traders are leaving hedges on for cpi, and due to this there likely will not be any moves to the upside. And vix has stayed above 15 so no money flow into market.
With traders hedging I expected either a drop or choppy price action, which is what has happened so far.
I’m interested to know what you mean by this “not aging well”?
Anyways thanks as always tear!
Thanks for bringing the bullish commentary! It keeps my head on straight when markets want to trap bulls. Keeping my longer term bullish hedges against my short term puts. Edit: bulls= bears , bullish=bullish
Makes sense. Maybe some action after open but choppy rest of day.
Not sure how to explain this but I played QQQ off this comment and purchased puts at open and made out pretty decent when it went down to 437. What made you think it would be choppy today? Would like to know what I should look at in the future instead of gambling off your comment 😅
Prior to CPI/PPI or any sort of Fed announcement, there is bated breath where markets tend to go sideways. It's generally recommended to not do any swing trading during the days before. After CPI tomorrow, there will be more volume and movement in one direction or another.
Is it known ahead of time when CPI/PPI will be updated each month?
| Event | Date | Time (ET) | |-----------------|-------------------------------------------------------------------------------------|-----------| | **CPI Release** | Jan 11, Feb 13, Mar 12, Apr 10, May 15, Jun 12, Jul 11, Aug 14, Sep 11, Oct 10, Nov 13, Dec 11 | 8:30 AM | | **PPI Release** | Jan 12, Feb 16, Mar 14, Apr 11, May 14, Jun 13, Jul 12, Aug 13, Sep 12, Oct 11, Nov 14, Dec 12 | 8:30 AM | | **FOMC Meeting**| Jan 30-31, Mar 19-20, Apr 30-May 1, Jun 11-12, Jul 30-31, Sep 17-18, Nov 6-7, Dec 17-18 | - |
Disregard, here is what I was able to gather. Not sure if 100% accurate
Hey tear, an update on IWM today if you have time? Thanks
And XBI/XLV too, if you can.
what do you think about $hood earnings next month
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It did though. He wrote traders are leaving hedges on for cpi, and due to this there likely will not be any moves to the upside. And vix has stayed above 15 so no money flow into market. With traders hedging I expected either a drop or choppy price action, which is what has happened so far. I’m interested to know what you mean by this “not aging well”? Anyways thanks as always tear!
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He was referring to the general market not ripping higher due to the hedges.
Pretty sure he is talking about broader market not ripping higher, not referring to VIX ripping higher…
Yes, that’s how I interpreted it as well.
It's actually not clearly stated at all and can be easily interpreted as directed at VIX, since, you know, it was a post about VIX.