Market Thoughts This morning I had one target in SPX as called out in my live trading room: $2898. It was hit aaaand then it was rejected. (Not my first rodeo.) Having said that, I still expect chop this week into Non-Farm Payrolls. A few reasons: We haven’t gone anywhere really but sideways for 18 […]
Macro-to-Micro Analyst+OptionsTrader Forecast+Chase https://t.co/MrMkwZYdvt https://t.co/GZILqexQ5C https://t.co/yZsZJcrKAz @LaDucTrading
“After launching the iPhone 13 range and new iPads in September, Apple is falling millions of units short of its production goals and missing out on billions of dollars of revenue.”
Am I doing this right?
$AAPL (+0.7% pre) Nikkei: Apple has halted iPhone production for the first time in over a decade
“More” Surprises or
“Moar” Surprises 🤔
Markets aren't ready for what the Federal Reserve has to tell them, says the former head of the New York Fed https://www.bloomberg.com/opinion/articles/2021-12-08/the-next-fed-meeting-will-offer-more-surprises via @bopinion
Is front-running Dec OPEX in full view with this massive short-covering rally?
Many predicting much higher SPY + strong Santa Rally post Dec OPEX, but when comparing major lows coinciding with day after OPEX, we need a gut-check:
Do you consider $SPX $4500 a "major low"?
Then, suddenly, on 12/17 those 3.3 million puts expire. Dealers find themselves short too many futures, and needing to cover ASAP. Trap released. Markets rally.
Consider 2 other major lows coinciding with the day after OPEX:
Dec 24th, 2018
March 23rd, 2020